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Tax Policy
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Hong Kong's H1 Life Insurance Sales Surge 58% to Record High, China's Tax Policy Poses Potential Threat
Hong Kong's life insurance market recorded a 58% increase in sales during the first half of this year, reaching a record HK$275.16 billion (US$35.3 billion). This marks the fourth consecutive year of
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China's tax authorities clarify offshore trust tax policy, accepting reasonable explanations, with a 90-day grace period expiring on Thursday.
Chinese tax authorities stated they would accept reasonable explanations when implementing new rules on offshore trust income, providing some certainty to taxpayers after a successful appeal by an exe
-
Donald Trump: This election is about the future of the United States, calling on voters to support the Republican Party to lower taxes and combat crime.
Donald Trump posted on Truth Social, stating that the choice in this election is very simple: either vote for "radical left Democrat communists" who will plunder wealth, raise taxes by $5 trillion, de
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Australian home prices tumble as tax rules, rate hikes bite
Australian home prices tumble as tax rules, rate hikes bite
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Trump to Ease Use of Tax-Exempt Variety of Diesel
Trump to Ease Use of Tax-Exempt Variety of Diesel
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China ends 11-year tax break on lithium-ion EV batteries
The move, which saw China reinstate the consumption tax on lithium-ion batteries in September, is part of a broader effort to scale back electric vehicle incentives. China also plans to end vehicle pu
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Trump's "Great American Act" to Adjust 2026 Charitable Donation Tax Deduction Policy
According to CNBC, Donald Trump's "Great American Bill" will adjust tax deductions for charitable contributions starting in 2026. For taxpayers who do not itemize deductions, a new deduction for cash
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US President issues executive order, revoking old Chesapeake Bay water quality improvement order, encouraging states to abolish "rain tax."
The White House stated that this move aims to correct harmful economic impacts, such as the "rain tax" levied in some areas due to the 2009 executive order, and noted significant improvements in Chesa
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Türkiye increases tax scrutiny of high-income taxpayers
Türkiye's Tax Inspection Board (VDK) is stepping up efforts to audit high-income individuals, reportedly using formal tax inspections, requests for explanations, and monitoring activities. This year,
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Beijing's new offshore trust tax rules, effective July 24, imposing a 20% tax on realized gains, are now impacting wealthy Chinese in NYC as enforcement deadline nears
Beijing's new offshore trust tax rules, effective July 24, imposing a 20% tax on realized gains, are now impacting wealthy Chinese in NYC as enforcement deadline nears. The rules apply to mainland tax
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South Korean Finance Minister nominee Lee Hyung-il said he is not considering corporate tax cuts.
South Korean Finance Minister nominee Lee Hyoung-il stated on Sunday that he is not currently considering corporate tax cuts, noting that the corporate tax rate effective this year has been restored t
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IMF Criticizes Denmark's Food Tax Cut Plan, Citing High Costs and Broad Scope
The International Monetary Fund (IMF) has criticized Denmark's plan to cut VAT on food, deeming the measure poorly targeted and excessively costly.
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MAS: Full details of the proposed profit-related returns exemption will be announced in Budget 2027, enhancing the asset management industry's competitiveness.
The Monetary Authority of Singapore (MAS) stated in a written parliamentary response that it is closely monitoring developments in major financial centers, assessing their impact, and taking necessary
-
Hedge Fund Titan Chris Rokos Reportedly Leaving UK for Greece Amid Tax Changes
Chris Rokos, the founder of Rokos Capital Management, is reportedly set to leave the UK and switch his residency to Greece, according to people familiar with the arrangement. As part of the move, Roko
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Italy extends diesel tax breaks until September 10 to protect consumers from price hikes
Italy will extend its diesel tax cut until September 10, an Italian official said. The move by Prime Minister Meloni's government aims to continue protecting consumers from rising diesel prices ahead
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US Expanded SALT Deduction, Championed by NY Lawmakers, Gaining Favor Across States, Benefiting Wealthy Taxpayers
The expanded state and local tax (SALT) deduction, championed by New York lawmakers, is gaining favor around the US, benefiting well-heeled taxpayers in states like Ohio, Colorado, North Carolina, Mic
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China's tax authorities have announced the immediate cessation of dividend tax exemptions for foreigners, imposing a 20% tax rate.
Chinese tax authorities announced on Tuesday that they would end the tax exemption for dividends obtained by foreigners from foreign-invested companies, a move aimed at "unifying the tax system."
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U.S. Treasury Secretary Bessent Ends Tax Breaks for Undocumented Immigrants
U.S. Treasury Secretary Bessent Ends Tax Breaks for Undocumented Immigrants
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Donald Trump strongly criticized New York City's Pied-a-Terre tax and congestion pricing policies, stating they would destroy the city and that he is exploring the possibility of federal government intervention.
Donald Trump posted on Truth Social that New York City's Pied-a-Terre tax (a tax on non-primary residences) is costing New York City and State dearly, as the funds ultimately collected are minuscule c
-
U.S. Treasury Issues Guidance Allowing Pre-Tax Paycheck Contributions and Employer Matching for Trump Accounts
The U.S. Department of the Treasury and IRS have issued proposed regulations outlining how parents can make pre-tax contributions to their children's Trump Accounts directly from their paychecks. The
-
India proposes extending tax breaks for contract manufacturing until 2041, a major boon for Apple
The Indian government has proposed extending a tax exemption for foreign companies providing machinery and equipment to contract manufacturers until 2041. This move is seen as a significant victory fo
-
13 U.S. States Advance Efforts to Eliminate Tax Incentives for Data Centers, Potentially Increasing AI Hashrate Costs by $3 Billion Per Gigawatt
A wave of US states are revoking tax breaks for data centers, putting pressure on the cost of large-scale AI infrastructure construction for tech giants. Four states have already canceled or suspended
-
WSJ suggests US rethink tax policy to address AI job loss, proposing taxing capital instead of labor.
The Wall Street Journal suggests the U.S. should rethink its long-standing policy of favoring lower taxes on profits and investment. The publication argues that taxing capital instead of labor could b
-
Hong Kong's H1 Life Insurance Sales Surge 58% to Record High, China's Tax Policy Poses Potential Threat
Hong Kong's life insurance market recorded a 58% increase in sales during the first half of this year, reaching a record HK$275.16 billion (US$35.3 billion). This marks the fourth consecutive year of
-
China's tax authorities clarify offshore trust tax policy, accepting reasonable explanations, with a 90-day grace period expiring on Thursday.
Chinese tax authorities stated they would accept reasonable explanations when implementing new rules on offshore trust income, providing some certainty to taxpayers after a successful appeal by an exe
-
Donald Trump: This election is about the future of the United States, calling on voters to support the Republican Party to lower taxes and combat crime.
Donald Trump posted on Truth Social, stating that the choice in this election is very simple: either vote for "radical left Democrat communists" who will plunder wealth, raise taxes by $5 trillion, de
-
Australian home prices tumble as tax rules, rate hikes bite
Australian home prices tumble as tax rules, rate hikes bite
-
Trump to Ease Use of Tax-Exempt Variety of Diesel
Trump to Ease Use of Tax-Exempt Variety of Diesel
-
China ends 11-year tax break on lithium-ion EV batteries
The move, which saw China reinstate the consumption tax on lithium-ion batteries in September, is part of a broader effort to scale back electric vehicle incentives. China also plans to end vehicle pu
-
Trump's "Great American Act" to Adjust 2026 Charitable Donation Tax Deduction Policy
According to CNBC, Donald Trump's "Great American Bill" will adjust tax deductions for charitable contributions starting in 2026. For taxpayers who do not itemize deductions, a new deduction for cash
-
US President issues executive order, revoking old Chesapeake Bay water quality improvement order, encouraging states to abolish "rain tax."
The White House stated that this move aims to correct harmful economic impacts, such as the "rain tax" levied in some areas due to the 2009 executive order, and noted significant improvements in Chesa
-
Türkiye increases tax scrutiny of high-income taxpayers
Türkiye's Tax Inspection Board (VDK) is stepping up efforts to audit high-income individuals, reportedly using formal tax inspections, requests for explanations, and monitoring activities. This year,
-
Beijing's new offshore trust tax rules, effective July 24, imposing a 20% tax on realized gains, are now impacting wealthy Chinese in NYC as enforcement deadline nears
Beijing's new offshore trust tax rules, effective July 24, imposing a 20% tax on realized gains, are now impacting wealthy Chinese in NYC as enforcement deadline nears. The rules apply to mainland tax
-
South Korean Finance Minister nominee Lee Hyung-il said he is not considering corporate tax cuts.
South Korean Finance Minister nominee Lee Hyoung-il stated on Sunday that he is not currently considering corporate tax cuts, noting that the corporate tax rate effective this year has been restored t
-
IMF Criticizes Denmark's Food Tax Cut Plan, Citing High Costs and Broad Scope
The International Monetary Fund (IMF) has criticized Denmark's plan to cut VAT on food, deeming the measure poorly targeted and excessively costly.
-
MAS: Full details of the proposed profit-related returns exemption will be announced in Budget 2027, enhancing the asset management industry's competitiveness.
The Monetary Authority of Singapore (MAS) stated in a written parliamentary response that it is closely monitoring developments in major financial centers, assessing their impact, and taking necessary
-
Hedge Fund Titan Chris Rokos Reportedly Leaving UK for Greece Amid Tax Changes
Chris Rokos, the founder of Rokos Capital Management, is reportedly set to leave the UK and switch his residency to Greece, according to people familiar with the arrangement. As part of the move, Roko
-
Italy extends diesel tax breaks until September 10 to protect consumers from price hikes
Italy will extend its diesel tax cut until September 10, an Italian official said. The move by Prime Minister Meloni's government aims to continue protecting consumers from rising diesel prices ahead
-
US Expanded SALT Deduction, Championed by NY Lawmakers, Gaining Favor Across States, Benefiting Wealthy Taxpayers
The expanded state and local tax (SALT) deduction, championed by New York lawmakers, is gaining favor around the US, benefiting well-heeled taxpayers in states like Ohio, Colorado, North Carolina, Mic
-
China's tax authorities have announced the immediate cessation of dividend tax exemptions for foreigners, imposing a 20% tax rate.
Chinese tax authorities announced on Tuesday that they would end the tax exemption for dividends obtained by foreigners from foreign-invested companies, a move aimed at "unifying the tax system."
-
U.S. Treasury Secretary Bessent Ends Tax Breaks for Undocumented Immigrants
U.S. Treasury Secretary Bessent Ends Tax Breaks for Undocumented Immigrants
-
Donald Trump strongly criticized New York City's Pied-a-Terre tax and congestion pricing policies, stating they would destroy the city and that he is exploring the possibility of federal government intervention.
Donald Trump posted on Truth Social that New York City's Pied-a-Terre tax (a tax on non-primary residences) is costing New York City and State dearly, as the funds ultimately collected are minuscule c
-
U.S. Treasury Issues Guidance Allowing Pre-Tax Paycheck Contributions and Employer Matching for Trump Accounts
The U.S. Department of the Treasury and IRS have issued proposed regulations outlining how parents can make pre-tax contributions to their children's Trump Accounts directly from their paychecks. The
-
India proposes extending tax breaks for contract manufacturing until 2041, a major boon for Apple
The Indian government has proposed extending a tax exemption for foreign companies providing machinery and equipment to contract manufacturers until 2041. This move is seen as a significant victory fo
-
13 U.S. States Advance Efforts to Eliminate Tax Incentives for Data Centers, Potentially Increasing AI Hashrate Costs by $3 Billion Per Gigawatt
A wave of US states are revoking tax breaks for data centers, putting pressure on the cost of large-scale AI infrastructure construction for tech giants. Four states have already canceled or suspended
-
WSJ suggests US rethink tax policy to address AI job loss, proposing taxing capital instead of labor.
The Wall Street Journal suggests the U.S. should rethink its long-standing policy of favoring lower taxes on profits and investment. The publication argues that taxing capital instead of labor could b
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Tax Policy
24H Trending
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1
The 10-year U.S. Treasury yield is down approximately 8 basis points from its previous close, currently at 4.96%.
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2
Google and Microsoft's Q3 capital expenditure falls short of estimates, raising concerns about AI build-out costs and delays
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3
Report: Hedge Funds Exit Bitcoin ETF Arbitrage Trades, Sovereign Wealth Funds and Retail Investors Step In
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4
New ECB staff estimates show bond yield rise cutting 2027-28 growth by a cumulative 100 BPS and inflation by 90 BPS vs Sept baseline.
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5
Iranian President Pezeshkian stated that Iran is ready to expand cooperation with Turkey to serve common interests and enhance regional security.
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6
Event prediction platform Kalshi completes $1 billion funding round, reaching a valuation of $40 billion, with non-sports revenue run rate exceeding $1 billion.
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7
Israel continues its attacks on Gaza, with the Gaza Ministry of Health stating that dozens have died while awaiting permission to leave, renewing calls to open the Rafah crossing.
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8
Unlimit founder backs Phase blockchain with $45M as mainnet launches
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9
DBS Hong Kong to launch DBS Vantage Card, Hong Kong's first Visa Infinite Privilege Card
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10
onXRP Team to Launch New Trading Method on XRP Ledger Next Week
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