Tag Archives: tax

Rishi Sunak, is preparing to decide broad tax raises as the new British prime minister looks to plug a £50bn hole in public finances.Treasury insiders said, on Monday, that Sunak and his finance minister Jeremy Hunt agreed that while “those with the broadest shoulders should be asked to bear the …

US President Joe Biden said he was considering cutting tariffs on Chinese goods and called on the Organization of the Petroleum Exporting Countries (OPEC) to increase oil production as he faces a major inflation wave in the United States. Biden said on reducing tariffs on China that he is considering …

US President Joe Biden on Wednesday criticized Republicans’ plan to combat US hot inflation, taking his speech as an opportunity to slam his opposition. Biden accused his predecessor of being responsible for the balance sheet deficit increase every single year Trump was president. “Right now, the majority of our Republican …

Ukraine is a relatively small country wedged between Russia and Europe. It was part of the Soviet Union until 1991; it has been a less-than-perfect democracy with a fragile economy and foreign policy that wavers between pro-Russian and pro-European. In November 2013, President Viktor Yanukovych refused a deal for integration …

Gold prices firmed on Thursday as investors remained cautious about the conflict between Russia and Ukraine, which also boosted demand for the safe-haven precious metal, while supply fears pushed palladium to a seven-month high. Gold prices consolidated in spot transactions at $1926.10 an ounce. US gold futures rose 0.4 percent …

Gold rises for the second consecutive day on Tuesday, back above the $1900 mark so far, and it will likely remain higher as geopolitical tensions persist. Ukraine – Russia conflict does not appear to end in the short term, despite Monday’s first round of talks between officials from both countries. …

US consumer spending Rose by 2.1% in January and Inflation accelerated amid Omicron wave. Commerce Department’s inflation gauge rose 6.1% from a year earlier. As Russia’s attack on Ukraine helps push the price of oil to over $100 a barrel for the first time since 2014. Here’s how rising oil …

U.K. disposable incomes are set for their biggest drop in a decade next year as rising inflation, tax hikes and tighter monetary and fiscal policy put the squeeze on consumers, according to Credit Suisse.The bank predicts a 1.5% drop in real disposable incomes in 2022, the biggest fall since the …

The Group of Seven developed nations agreed over the weekend to a minimum global corporate tax rate of at least 15% as part of a broader deal on how to tax multinational companies such as Amazon and Google. German Finance Minister Olaf Scholz described the deal as “historic.” “It is …