Tim Walz Tax Policies: Details & Analysis Skip to content Home • Blog • Gov. Tim Walz Raised Taxes as Most Governors Cut Them Most states have cut taxes at least once since 2021, with a renewed emphasis on taxA tax is a mandatory payment or charge collected by local, state, and national governments from … Read more
EU VAT in the Digital Age (ViDA) Proposal | Tax Foundation Europe Skip to content Home • Blog • The European Union’s ViDA Proposal: Ignoring Principles Does Not Make Tax Policy Fairer discuss the EU’s VAT in the digital age (ViDA) proposal once again after Estonia’s veto on 14 May. The updated ViDA proposal, published … Read more
Georgian Prime Minister Irakly Kobakhidze called for a review of relations with the United States after Washington ordered punitive measures over the passage of a law on “foreign agents”.
Cyprus and Greece are pushing the European Union to prioritize its own defense industry in providing military aid to Ukraine. Despite an existing agreement allowing arms purchases from non-EU countries, the two countries argue that aid should benefit the European defense sector. Hungary is currently hindering the release of a €500 million package from the European Peace Facility intended for Ukraine’s military, citing concerns about discrimination against Hungarian companies in Ukraine as a reason for blocking the disbursement. Discussions are ongoing to bypass a potential Hungarian veto and expedite the flow of funds to Ukraine.
Georgia’s parliament passed a “foreign agents” bill in its final reading, which now goes to President Salome Zourabichvili for approval. The bill requires organizations receiving over 20% of their funding from abroad to register as foreign agents. Critics have compared the bill to Russian legislation and have called for further protests. The European Union has warned that the bill could hinder Georgia’s integration with the bloc. Despite opposition, the ruling party in Georgia insists that the bill is necessary for transparency and to combat foreign influence.
An Ohio judge has temporarily blocked a Republican-backed state law banning gender-affirming care for transgender minors, including puberty blockers and hormones. The law would also prevent transgender girls from competing on girls’ sports teams. The judge’s order will remain in place for two weeks, or until a hearing on the families’ motion for a longer-term block of the law. Ohio is one of at least 22 Republican-controlled states that have passed laws restricting gender-affirming care. Governor Mike DeWine, a Republican, had vetoed the law after hearing from parents of transgender youth that gender-affirming care had been lifesaving for their children. The judge ruled that the families challenging the law were likely to succeed in their argument that it improperly addressed healthcare and sports as separate subjects, rather than a single subject as required by the Ohio constitution.
Slovak nationalist-left government candidate Peter Pellegrini won the presidential election with 53.26% of the vote, cementing pro-Russian Prime Minister Robert Fico’s grip on the country. Fico has turned the country’s foreign policy towards Russia and initiated controversial reforms. Pellegrini’s victory means support for the government’s aims and a commitment to peace, not war.
The Georgia General Assembly passed several significant tax bills during the 2024 legislative session, including the creation of a tax court, reduction of income tax rates, limitations on income tax credit carryforwards, and suspension of the data center sales tax exemption. Bills that did not pass included limitations on the film tax credit.
– Several high-profile, regressive tax cuts are making their way through state legislatures in Kansas, Missouri, Nebraska, and Vermont.
– In Kansas, the House passed cuts to income, sales, and property taxes, with more than half of the benefits flowing to the state’s top 20 percent of earners.
– Missouri’s House passed a bill to fully eliminate the state’s corporate income tax by 2028, despite its 0 million annual revenue loss.
– Nebraska lawmakers are considering raising the state’s sales tax to fund property tax cuts.
– Vermont’s House Ways and Means Committee approved bills to generate 0 million by taxing wealthy households and corporations.
The fact described in the text is that Odysseas Michaelides, the head of the Audit Office, has hired lawyers to fight against government attempts to reform and modernize the audit service.