The Latest Breaking News from Tax Cuts

Philip Davies, MP for Shipley, urged Jeremy Hunt to lower the ‘burden of taxation’ and introduce ‘some tax cuts’ days after the Chancellor’s Budget.

A $254 billion Stage 3 tax plan for wealthy Australians will enrich inner cities at the expense of poorer regional and rural communities.

Australia has unveiled a plan to acquire a fleet of up to eight nuclear-powered submarines, forecast to cost up to $368bn between now and the mid-2050s, and up to $58bn over the next 10 years. But what else could the money be spent on?

Projected to cost $240 billion over 10 years, the Stage 3 tax cuts would go a long way to help pay for the submarine project.

UK chancellor Jeremy Hunt’s spring budget is a tricky one in terms of timing. Having announced a set of steadying measures in the autumn statement after the Truss/Kwarteng debacle, this budget is likely to be the last but one before a 2024 general election. This makes it a little early…

The Chancellor has pre-announced a series of key measures which aim to boost the UK workforce, which he argues will encourage growth that could allow for tax cuts later on

The Chancellor played down the prospect of major tax cuts despite pressure from Tory MPs.

Mr Biden’s budget proposal will reportedly cut $3 trillion from the US budget deficit

President Joe Biden is ready to unveil his proposed federal budget, his opening offer in a high-stakes debate about federal finances