President Joe Biden said he supports a proposal to tax billionaires for the appreciation in their investments on an annual basis, a change that would prohibit some of the richest Americans from deferring their tax bills. Read More.
The House Ways & Means Committee has released draft legislation of individual tax hikes they propose to pay for the $3.5 trillion social policy budget plan under consideration. It includes major revisions to the estate tax, capital gains taxes and the way retirement accounts are taxed. Read More.
Politicians really don’t like to talk about taxes because it, if anything does, quickly gets the attention of the citizenry. Just about everyone pays taxes, in one form or another, and they are prolific. Read More.
Demand for travel from the U.K. to the U.S. has surged after the White House announced Monday that international tourists who are fully vaccinated against coronavirus will be permitted to enter the U.S. for the first time in more than a year starting in November, two of Britain’s largest airlines told Forbes. Read More.
Throughout history, Rulers have been able to collect taxes from the Ruled only for as long as the Ruled agreed with the services being provided and that the taxes were being assessed and collected fairly. Read More.
LONDON, Sept 21 (Reuters) - JPMorgan (JPM.N) is challenging British rivals on their home turf with the launch on Tuesday of its long-awaited digital retail bank, Chase, as part of what the U.S. lender hopes will be a global expansion. Read More.