Sri Lankan state workers strike in protest of high taxes
The pulse | Economy | South Asia The government says it was forced to raise taxes to bolster state revenue, a key prerequisite for unlocking the IMF’s $2.9 billion package.…
Pakistan hikes natural gas taxes in bid to restart IMF bailout
Advertisement Cash-strapped Pakistan sharply increased taxes on natural gas on Tuesday to meet a long-stalled bailout, with industrial and everyday consumers alike expected to feel the pain. The government’s attempt…
Southeast Asian taxpayers, stand up!
Commercial Historian Stephen Kotkin observe that autocratic regimes do not need economic growth to maintain power per se, but they do need “cash flows.” Money is essential to bribe the…
Sri Lanka aims to increase taxes in the budget to ease the crisis
The pulse | Economy | South Asia Wickremesinghe’s government plans to more than double tax revenue so that it can cover expenses without having to print money. Commercial Sri Lanka’s…
US Treasury disputes conclusion that new IRS funding would raise taxes on the middle class
By David Lawder WASHINGTON (Reuters) – As a political messaging war rages over $80 billion in new Internal Revenue Service funding, a U.S. Treasury official rejects an informal estimate that…
Sinema took money from Wall Street while eliminating taxes on investors
WASHINGTON (AP) — Sen. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her party’s goal of raising taxes on wealthy investors, received nearly $1 million over the past year from…
What you need to know about the Manchin-Schumer agreement on climate, taxes and health care
In a surprise twist Wednesday afternoon, Sen. Joe Manchin, DW.Va., announced that he had reached an agreement with Senate Majority Leader Chuck Schumer on legislation that would address climate change,…