Unless corporations and the wealthy pay their fair share of taxes, the US will struggle to address numerous pressing challenges, including rising inequity, deteriorating national infrastructure, and the urgent demands of climate change.The 2017 Tax Cuts and Jobs Act slashed the corporate tax rate from 35% to 21%. It also gave corporations other tax breaks, … Read more
The world’s most influential finance leaders vowed to work together toward effectively taxing the ultrarich but stopped short of agreeing on how to do so at a meeting in Rio de Janeiro last week. In a joint declaration on Friday, finance ministers and central bankers from the Group of 20 major economies said that “ultra-high-net-worth individuals” … Read more
The abolition of US federal income tax would lead to a shortfall of $2.1 trillion in government revenues, according to an expert read moreFormer US President Donald Trump has proposed abolishing federal income tax if he wins the US presidential election.Trump is the presumptive presidential nominee of the Republican Party and is running against current … Read more
Jurors in Donald Trump’s criminal hush money trial began deliberations on Wednesday.
Israel’s Embassy to the Holy See protested against Yemeni Nobel Prize winner Tawakkol Karman for accusing Israel of “genocide” in Gaza during an event at the Vatican. Israeli embassy rejected the accusations as “lies” and criticized the anti-Semitic speech. The tension between the Vatican and Israel has increased since the war in Gaza, with Jewish groups accusing Pope Francis of not recognizing Israel’s actions as self-defense.