BRUSSELS — The European Commission wants to prevent Russia from using farm products as a tool to wreak havoc on the EU market and is moving to impose tariffs on grain imports from Russia and Belarus. The tariffs are also aimed at denying Russia revenue, because they will effectively suppress exports to the EU, the … Read more
If you receive Social Security benefits, you may not be too concerned about filing your tax return this year if you aren’t generally required to. However, there may be a good reason for you to file. So far this tax season, the IRS has processed more than 53 million tax returns and refunded over $115 billion. A tax refund … Read more
LONDON — British Treasury chief Jeremy Hunt is seeking to bolster spirits within his Conservative Party ranks with a series of tax cuts that he hopes can turn the political dial ahead of a general election this year. Even though the British economy has hit one definition of recession and public finances will remain stretched … Read more
Social Security — a shorthand term for Old-Age, Survivors, and Disability Insurance (OASDI) — is a US federal government program that provides money for retirement benefits, survivor benefits and income for disabled people. Established in 1935 by the Social Security Act and President Franklin Roosevelt, the program has been distributing benefits for more than 84 years. … Read more
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The holidays are over, a new year is here, and along with all the various upheavals that we are facing, most of us have to deal with our annual income taxes. (The usual quote about death and taxes goes here.) While we were able to wait until April 18th in 2023, this year, tax day … Read more
RIO DE JANEIRO — Brazil’s finance minister told his peers Thursday at a G20 meeting in Sao Paulo that countries should implement a global tax on the super-rich in an effort to tackle rampant tax evasion. Fernando Haddad said tax evasion can be resolved through international cooperation so that “these few individuals make their contribution … Read more
Prabowo Subianto, Indonesia’s presidential candidate and defense minister, center, waves to supporters in Jakarta, Indonesia, on Wednesday, Feb. 14, 2024. Prabowo declared victory in Wednesday’s presidential vote, citing independent pollsters, putting him on course to lead Southeast Asia’s largest economy after two failed attempts. Bloomberg | Bloomberg | Getty Images JAKARTA — Indonesia’s Defense Minister … Read more
‘Win-win’: A bill to eliminate taxes on Social Security benefits has been reintroduced — and it might keep the program afloat for 20 more years. Here’s how A bill announced in the U.S. House could scrap federal taxes on Social Security benefits starting in 2025, while introducing a new funding stream that might keep the … Read more
With the 2024 tax season in full swing — the IRS has already received over 25 million returns — getting your tax return submitted is probably on your mind. And if you plan to file soon, make sure to gather all the necessary paperwork to make filing easier. This story is part of Taxes 2024, CNET’s coverage … Read more
Tax day is two months away — and if you haven’t filed a return, it’s time to get started. Filing your taxes can be daunting for one big, costly reason — a hefty tax bill. This time of year can mean big refunds, but for some filers, it may mean facing big federal (and state) tax … Read more