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The Latest Breaking News from Income Tax

The Loop: January 6 committee delays releasing final report, Zelenskyy and Biden meet, and H&M pulls Justin Bieber collection — as it happened

The news Australia is searching for, and all the news that happened while you snoozed: This is The Loop, your quick catch-up for this morning's stories as they happen.

ABC News

HMRC issues update for those paying income tax ahead of new mandatory software

The Government is giving people more time to prepare for changes

Nottingham Post

Famous Punjabi singers Ranjeet Bawa, Kanwar Grewal raided by IT dept

LUDHIANA: In a sensational development, Jalandhar based investigation wing of Income Tax department on Monday raided renowned Punjabi singers Ranjit Bawa and Kanwar Grewal.

The Times of India

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Ask the Expert: How to take advantage of salary sacrifice

One of the big advantages of salary sacrifice is that the more you do it, the more income tax is saved, so you can then afford to do more.

The New Daily

Rishi Sunak’s £150bn ‘stealth tax raid’ will cost families £5,000 each

Exclusive: Labour analysis of OBR forecasts reveals staggering cost of tax squeeze until 2028

The Independent UK

GOP lawmakers discuss medical cannabis, taxes and abortion ahead of 2023 session

WEKU

Tories 'put Unionism before the NHS' with attack on Budget tax rises

SCOTLAND’S struggling health services cannot improve without tax increases for higher earners, the Health Secretary has said, as he claimed…

The National (Scotland)

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Economists, charities, and everyone else: How Scotland reacted to the Budget

THE Scottish Government has laid out its Budget for 2023-2024 in a heated Holyrood session which saw accusations of leaking to the media fly…

The National (Scotland)

Scottish budget: John Swinney moves on income tax and business rates while scrapping indyref2 fund

Statement delayed due to tax plan leak to the BBC

Insider UK

Scottish budget as taxes to rise - how much you will pay under new rates

Deputy First Minister of Scotland John Swinney will today increase devolved income tax for those earning over £43,000 annually - in a bid to boost public sector pay.

Edinburgh Live

Scottish Budget: Middle and higher income Scots hit with rise in taxes

The higher and top rates of income taxes will increase by 1p in a bid to shore up public services across the country.

Daily Record

Billionaire Ken Griffin sues IRS over leaked tax records

Multibillionaire Ken Griffin filed a lawsuit against the IRS Tuesday alleging the agency violated his right to privacy after investigative journalism outlet ProPublica reported in April on the tax records of the Republican megadonor and former Chicagoan.

Chicago Tribune

Govt allows non-resident taxpayers to manually file Form 10F till March 31 for claiming TDS benefit

NEW DELHI: The income tax department has allowed non-resident taxpayers not having PAN to file Form 10F manually till March 31, 2023, a move which would ease their compliance burden and enable them to claim lower TDS rate.

The Times of India

Earned income credit backers aim to keep expansion on the radar - Roll Call

Outside groups are urging Congress to bolster a key tax benefit for low-income workers in a year-end legislative package.

Roll Call

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Daily Record

Scottish Government will continue 'progressive taxation model' says Social Justice Secretary

Shona Robison's comments come after the Record revealed the Government is considering raising income tax rates.

Fortune

Billionaires had an extra $1 trillion to influence the midterm elections. Save American democracy by taxing extreme wealth

Billionaire spending in the 2022 midterm elections was up 44% compared to 2018–but a minimum income tax on billionaires is gaining support in Congress.

Daily Record

Scottish Government considering income tax rate rises for middle and top earners

EXCLUSIVE: It is understood tax rates could rise in the Scottish Budget in order to address funding challenges

Kiplinger

Low-Tax States for 'Middle-Class' Families in 2026

Here are the best states for families with middle incomes (due to low tax burdens).

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news in one place.

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WEKU

Kentucky’s income tax will go down in 2023. Who does it help?

Daily Record

Scottish Government 'could raise half a billion pounds' by taxing the wealthy

The research, published on the eve of the Scottish Government's Budget, was carried out by the IPPR Scotland think tank

The Texas Tribune

Texas lawmakers have a $27 billion surplus, but a spending cap complicates their goal of lowering property taxes

Texas homeowners have some of the highest property tax bills in the nation, a byproduct of the state’s reliance on such taxes to help pay for public schools and the state’s lack of an income tax.

Newslaundry

‘Bereft of merit’: Delhi court dismisses income tax complaint against Newslaundry

Calling the charges “bereft of merit”, a Delhi court has dismissed a complaint by the income tax department against Newslaundry, its CEO Abhinandan Sekhri, and others.

Bangkok Post

One-stop centre to spur FDI in the offing

The government is establishing a new one-stop service centre to stimulate foreign direct investment and outlays on international headquarters and regional offices.

The Times of India

Budget should focus on job creation, steps to broaden tax base: India Inc to finance minister

NEW DELHI: The budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with finance minister Nirmala Sitharaman on Monday.

Evening Standard

Emily Sheffield: A bad hand played well still leaves Jeremy Hunt with a mountain to climb

Make no mistake, the contents of this financial statement are hitting the ‘just about managing’ middle classes devastatingly hard. No jam in sight anywhere for the JAMs… By freezing the basic and higher rate income tax thresholds until 2028, the Treasury hopes to raise £6 billion, as this stealth tax…

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