The Latest Breaking News from Income Tax

Berkshire Hathaway’s cumulative $101 billion in federal income tax payments under Warren Buffett’s leadership underscores the company’s extraordinary economic impact and the scale of its contribution to public services in the United States.

Berkshire Hathaway's $26.8 billion tax payment in 2024 accounted for 5% of all U.S. corporate income tax, marking a dramatic reversal from its tax-free history six decades ago.

Given a historic 2025 gubernatorial race, tax policy will remain a key issue for Virginians in the months ahead.

Dame Pat, 82, was first honoured with a CBE in 2000 for her services to literature, and on Friday received her damehood.

Uganda is one of the countries most exposed to recent cuts in international aid, particularly with the dissolution of the US Agency for International Development (USAID). In 2023, about 5% of gross national income – a measure of a country’s total income, including income from foreign sources – was received…

The Florida Panthers are two wins away from being the fifth Stanley Cup champion in the past six years to based in a U.S. state with no income tax

Tax on income you receive from a pension is calculated in the same way as earnings from employment

The Australian Labor Party just won an election victory for the ages. Now, it may be forced to walk back one of the key achievements of its first term.

The Chancellor, Rachel Reeves, is under growing pressure to break Labour’s manifesto pledge not to raise the so-called “big three” taxes—income tax, National

While most European countries experienced higher real post-tax incomes in 2024, some saw a decline, as rises in personal average tax rates outpaced real wage growth.

In this week's Ask the Editor Q&A, we answer tax questions from readers on the House-passed “One Big Beautiful Bill.”