economic growth

The year 2025 is the ‘Super Bowl of tax,’ says Rep. Blake Moore. Will your taxes go up?

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The year 2025 is the 'Super Bowl of tax,' says Rep. Blake Moore. Will your taxes go up?

In 2020, Rep. Blake Moore visited Nucor, a steel and recycling manufacturing plant in northern Utah, where he learned about the positive impact of the Trump-era Tax Cuts and Jobs Act of 2017 on the business. The tax cuts led to real wage growth and reinvestment in the community, such as Nucor buying ambulances for the local community. Moore believes that low corporate taxes benefit everyone and is pushing to increase deductions for small businesses. He anticipates that significant changes in tax policy may occur in 2025, depending on the outcome of elections and government control.

Korantina Homes honoured at Luxury Lifestyle Awards

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Korantina Homes honoured at Luxury Lifestyle Awards

Korantina Homes, a premier real-estate developer in Cyprus, has recently been celebrated at the Luxury Lifestyle Awards, where it received international awards for its outstanding contributions to the island’s real-estate sector.

Trump’s Unfounded ‘Colossal’ Tax Hike Warning – FactCheck.org

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Trump's Unfounded 'Colossal' Tax Hike Warning - FactCheck.org

Former President Donald Trump went on Truth Social on tax filing deadline day to warn that if President Joe Biden is reelected, there will be colossal tax hikes. However, Biden’s latest budget proposal supports extending tax cuts for individuals making less than 0,000.

Freeland’s new federal budget hikes taxes on the rich to cover billions in new spending | CBC News

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Freeland's new federal budget hikes taxes on the rich to cover billions in new spending | CBC News

Fact: Ottawa plans to spend .9 billion more than planned over the next five years, with a projected billion deficit this fiscal year.

Capital gains tax change draws ire from some Canadian entrepreneurs worried it will worsen brain drain | CBC News

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Capital gains tax change draws ire from some Canadian entrepreneurs worried it will worsen brain drain | CBC News

The federal government’s budget includes an increase in the inclusion rate of the capital gains tax from 50% to 67% for businesses and trusts, generating an estimated billion in new revenue. This change will impact 40,000 individuals and 307,000 companies in Canada. Some members of the business community believe that expanding the taxable amount will hurt productivity, investment, and entrepreneurship in Canada, potentially leading to a brain drain.

Capital gains tax upped for wealthiest Canadians

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Capital gains tax upped for wealthiest Canadians

Finance Minister Chrystia Freeland delivered a federal budget that keeps the deficit capped at billion, thanks to higher-than-expected government revenues and new taxes that largely offset new spending. The budget pledges billion in new spending focused on economic justice for younger generations. The government plans to pay for most of its new spending initiatives with higher taxes on the wealthiest Canadians and businesses, including increasing the capital gains inclusion rate. The deficit, deficit-to-GDP ratio, and debt-to-GDP ratio are projected to fall every year until 2028-29. The federal budget also includes initiatives aimed at boosting the economy’s productivity, such as expanding artificial intelligence capacity and research support.

BoE must , ‘do right thing’, cut rates in summer

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BoE must , ‘do right thing’, cut rates in summer

The UK’s annual inflation rate fell to 3.2% in March.

Greek economy surges after decade of pain

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Greek economy surges after decade of pain

Fact: The Greek economy is forecast to grow nearly 3 per cent this year, approaching its pre-crisis size of 2009 and far outpacing the eurozone average of 0.8 per cent.

Capital gains are going to be taxed more, and these economists say it’s a good thing

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Capital gains are going to be taxed more, and these economists say it's a good thing

Canada’s wealthiest individuals and corporations will soon pay taxes on a larger share of capital gains, with the federal budget proposing to tax two-thirds rather than one-half of capital gains. The increase in the inclusion rate will apply to capital gains above 0,000 for individuals and all capital gains realized by corporations. The changes are expected to generate over billion in tax revenues over five years and will help fund new spending on housing and national defense. Business groups are opposed to the changes, arguing that they will hurt economic growth and productivity, but economists believe that the changes will make the tax system more efficient and level the playing field for businesses. Prime Minister Justin Trudeau defended the tax change as a matter of fairness, with the additional revenues helping to fund new government spending and keep the deficit at bay.

Chapter 8: Tax Fairness for Every Generation

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Chapter 8: Tax Fairness for Every Generation

Canada is one of the wealthiest countries in the world. For generations, this has meant Canada is a place where everyone could secure a better future for themselves and their children. This is in no small part is due to our commitment to progressive taxation, investments in Canada’s strong social safety net, and an effective, … Read more