Global carbon tax on shipping delayed due to opposition from the US
UN Delays Global Carbon Tax Vote on Shipping The United Nations has postponed a vote on a proposal for the world’s first global carbon tax on shipping, pushing the decision back by a year following a campaign led by the U.S. This vote was initially scheduled for this week under the UN’s International Maritime Organization […]
Tax Investigation Set for Next Month, Warns UK Government
The Prime Minister of the UK has informed the International Monetary Fund (IMF) that an increase in taxes for those considered “wealthy” will be included in next month’s national budget. The government believes it needs to find at least an additional £20 billion after dropping plans for welfare reform, mainly due to pushback within the […]
U.N. to Decide on the First Global Tax Targeting Shipping Emissions
The International Maritime Organization (IMO) is gathering in London to vote on new regulations aimed at cutting greenhouse gas emissions by introducing the first global tax on ship emissions. This meeting, which is set to wrap up on Friday, will work on finalizing a “net zero framework” (NZF). This framework would allow commercial vessels to […]
Should every state get rid of income tax? The debate on growth and freedom
During the COVID-19 pandemic, countless Americans chose to relocate, often seeking sunshine, more freedom, and perhaps, lower taxes. Many fled from states like New York to Florida, or California to Texas, highlighting a trend: people are increasingly concerned with minimizing their tax burdens when deciding where to live. When we look at state income taxes, […]
IRS implements significant change in handling tax returns: What to expect next
IRS Phases Out Paper Check Tax Refunds The Internal Revenue Service has decided to stop offering taxpayers the option to receive refunds as mailed checks. This change marks a significant shift in how refunds are processed. According to statements from the IRS and the U.S. Treasury, the transition away from paper checks has officially begun. […]
Following their pension victory, France’s Socialists target a tax on billionaires in the budget.
October 14, 2025, Paris, France Olivier Fauré, the Member of Parliament and First Secretary of the French Socialist Party, is pushing to include a wealth tax on billionaires in the 2026 budget. This initiative comes as discussions ramp up within parliament, particularly after Prime Minister Sébastien Lecornu made significant concessions regarding pension reforms. During a […]
South Barrington woman seeks Cook County property tax refund a year after proving assessor’s error
Property Tax Refunds Delayed in Cook County In South Barrington, Illinois, a significant amount of property tax refunds in Cook County are currently stalled, primarily due to delays in updating the county’s computer systems. One homeowner, Sherry Schnell, has been waiting for over $9,000 in refunds, even though her issues began years before these system […]
Essential information on applying for property tax exemptions in Wyoming
Wyoming is currently accepting applications for various property tax relief programs aimed at veterans, long-term homeowners, and properties occupied by their owners. Dixie Huxtable, Converse County Clerk and Chair of the Wyoming County Assessor Association Legislative Committee, discussed some key points homeowners should consider to save on taxes. Property taxes have increasingly garnered attention from […]
Inflation leads to adjustments in tax brackets. Where do you stand?
The IRS has published the inflation-adjusted tax figures for 2026. These adjustments reflect an inflation rate of 2.7%, which is a bit lower than the current rate. This year’s budget changes enable taxpayers to claim a larger personal deduction. Ongoing inflation is pushing up the costs of essential goods and various services. This can actually […]
‘Bitcoin Jesus’ reaches agreement with Trump administration to settle US tax issues
Roger Ver has struck a deferred prosecution deal with the Justice Department. Former Attorney General Barr had sought President Trump’s assistance in the matter. Prosecutors allege he avoided paying at least $48 million in taxes. On October 14, a well-known cryptocurrency supporter, often referred to as the “Yes of Bitcoin,” has agreed to pay nearly […]