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The Latest Breaking News from Tax Cuts

Rate cut prospects up in the air as labour market cools

Some economists predict a softening labour market could bode well for interest rate cuts after Australia's jobless rate plateaued at 3.9 per cent in December.

AAP

High-net worth families are racing against the clock to shield their wealth before the estate tax increases

"This is the number one issue that’s looming large in peoples’ minds."

Fortune

Labor says it’s looking for ways to ease cost-of-living pressures. Just don’t mention the stage-three tax cuts

The cuts are already baked into the RBA’s forecasts and economists say there is little point looking at alternatives

The Guardian - AU

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US corporations push to roll back Trump-era tax policies they once endorsed

An agreement is emerging that ties the corporate tax breaks to an increase in support for vulnerable American families

The Guardian - US

With Trump's tax cuts expiring, taxes could increase for most Americans after next year. Here's how to plan ahead

"Planning early is important."

Fortune

Chancellor Jeremy Hunt hints at further tax cuts in Martin Lewis interview

Chancellor told Money Saving Expert taxes will not return to pre-pandemic levels in one go

The Independent UK

The stage-three tax cuts are politics over policy – and no way to save our struggling economy

If Anthony Albanese is determined to forge ahead with the Coalition’s fiscal booby trap, any political capital must be used on genuine redistributive tax reform

The Guardian - AU

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Rishi Sunak hints more tax cuts are on the way ahead of 'autumn' election

PM says Labour's Starmer would take Britain 'back to square one'

Evening Standard

Starmer accuses Sunak of ‘vanity’ over election date

Labour leader said he suspects PM wants a late election so he can mark two years in office

The Independent UK

Rishi Sunak pledges to cut welfare and benefits to fund tax cuts

THE Tories are preparing to cut benefits in order to cut taxes, Rishi Sunak has suggested ...

The National (Scotland)

Forget talk of Labour’s ‘tax bombshell’. It’s Tory policy that needs a watchful eye

Conservative economic promises such as tax cuts fail to match fiscal reality – the key to progress is investment, not austerity

The Guardian - UK

Rishi Sunak to 'cut tax by curbing welfare spending'

The Prime Minister said pre-election giveaways will be affordable by controlling public spending.

Evening Standard

Rishi Sunak warns he will curb benefits and government spending to help fund tax cuts

Prime minister suggests public spending cuts on cards to help with pre-election giveaway

The Independent UK

Chancellor unsure if Government can afford to announce new tax cuts

Jeremy Hunt was speaking to reporters as the rate of national insurance was cut from 12% to 10%.

Evening Standard

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Kiplinger

Plan Now, Save on Taxes Later: Tax Law Reset Is Coming

Don’t let the sunsetting of provisions in the Tax Cuts and Jobs Act catch you off guard. Here are some ways to take advantage of lower tax rates now.

The Independent UK

Jeremy Hunt unsure if government can afford more tax cuts

‘I don’t yet know if I can’, says chancellor when asked about pre-election tax giveaway talked up by PM

Top News

Arkansas's Tax Cuts and Quality of Life Attract Population Surge!

Discover how states like Arkansas are attracting residents with low taxes, law and order, and a high quality of life, while blue states struggle to retain ...

The Independent UK

Rishi Sunak tax cuts won’t ease burden, economists warn, as national insurance rate drops

The Institute for Fiscal Studies says personal taxes are rising despite much-hyped Tory tax cuts

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The Guardian - AU

The Greens ring in the new year with a new fight over Australia’s housing crisis

Adam Bandt signals new rent freeze push and criticises ‘tax cuts for billionaires’ as Labor aims to get ‘help to buy’ scheme through parliament

The Independent UK

Starmer suggests no tax cuts for two years under Labour without economic growth

Labour leader says growth must come first, and concedes his £28bn green energy investment could shrink

Bangkok Post

Booze tax cuts approved to boost tourism

The cabinet has approved tax cuts on alcoholic beverages, with wine prices set to fall significantly, in order to boost tourism.

WEKU

Where the Republican presidential candidates stand on the economy

GOP presidential hopefuls know that the economy is an important issue — if not the top issue — for voters. That means it's a big talker on the campaign trail and a focus area for winning votes.

Evening Standard

Labour tax cuts would threaten another 'period of austerity' for public services, warns IFS

Sir Keir Starmer and shadow Chancellor Rachel Reeves are reported to be considering tax cuts in Labour’s election manifesto, possibly to income tax

The National (Scotland)

Humza Yousaf attacks Tories for 'choosing tax cuts for wealthy' over fair NHS pay

HUMZA Yousaf has accused the UK Government of prioritising “tax cuts for the wealthy” over fair pay for NHS staff as junior doctors in England…

Kiplinger

How Regular Families Could Be Affected if Tax Cuts Expire

You don’t have to have a large estate to see a significant impact on your taxes once provisions in the 2017 Tax Cuts and Jobs Act sunset (if Congress doesn’t act).

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