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The Latest Breaking News from Tax Cuts

Toxic budgets: the UK chancellors who left a poisonous legacy

Before an election, chancellors often try to woo voters with tax cuts that leave the incoming government in a hole. Here are six ‘poison pill’ speeches

The Guardian - UK

Corporate tax cuts bringing in investments and jobs, says FM Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman says corporate tax cuts and PLI schemes have had a positive impact on investments and job creation in India.

The Hindu

‘Huge tax breaks’: private equity prepares for a boon from Congress

Billions in private equity and corporate taxes could be rolled back, along with what critics say is a sop for child tax credits

The Guardian - US

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Tourism tax: Hopes fade that Jeremy Hunt will axe it in Budget given limited room for tax cuts

As London business chiefs issue last minute appeals to the Chancellor to bring back VAT-free shopping for tourists

Evening Standard

The Guardian view on budget tax cuts: stealing from the public

Editorial: For the chancellor to yield to his rightwing obsessives would be bad economics and bad politics

The Guardian - UK

Hunt scrambles to raise revenue as OBR slashes scope for tax cuts in budget

Chancellor considers unexpected tax rises such as abolishing non-dom status after latest forecast

The Guardian - UK

Cuts to public services in England will ‘reverse’ gender equality, unions warn

Women’s groups urge chancellor to ignore calls for tax cuts in next week’s spring budget

The Guardian - UK

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UK's Hunt Pushes For Tax Cuts Amid Trillion Debt

UK Chancellor faces pressure to deliver tax cuts amidst trillion debt, balancing recovery and debt management.

Top News

Tax cut changes to be put to test as by-election looms

Controversial tax cuts will be front of mind for by-election voters as they prepare to go to the polls just days after the passage of the reforms.

AAP

Deal allows police to march in parade – as it happened

This blog is now closed.

The Guardian - AU

Budget 2024: Jeremy Hunt considers new vaping tax and NI cut

Levy on vapes could make them unaffordable for children, as IFS warns over unfunded tax cuts

The Guardian - UK

Aussies to keep more of what they earn as tax cuts pass

Low and middle income earners are guaranteed bigger tax cuts after changes championed by Prime Minister Anthony Albanese cleared federal parliament.

AAP

Jeremy Hunt warned not to spook markets with unfunded budget tax cuts; US consumer confidence drops – as it happened

Rolling coverage of the latest economic and financial news, as ING warn the pound could fall by 2% if chancellor misreads the mood of bond investors

The Guardian - UK

Jeremy Hunt’s ‘dubious’ financial planning lacks credibility, says IFS

Chancellor should resist temptation to announce unfunded tax cuts in March budget, advises leading thinktank

The Guardian - UK

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The Guardian - AU

Guardian Essential poll: Coalition leads for first time since election as Anthony Albanese’s trust ratings tumble

Exclusive: Labor’s change of position on stage-three tax cuts appears to have hit the prime minister’s personal favourability

AAP

Tax brawl firms up as parties push for more relief

The coalition has flagged a tax policy that would let people keep more of what they earn if elected as it prepares to support Labor's revamped reforms.

The Guardian - AU

‘Everything is so expensive’: tax cuts, cost of living and the battle to win the Dunkley byelection

Early voting may be slow but political analysts say the Melbourne electorate’s mood may be an indicator for Australian politics as a whole

The Texas Tribune

Texas launches new property tax incentive program to lure new businesses

The Jobs, Energy, Technology, and Innovation program cuts property taxes for new manufacturing, research and development facilities. It replaces a shuttered program criticized for its impact on school finance.

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The Guardian - UK

Jeremy Hunt handed tax boost as UK posts record monthly budget surplus

Analysts say figures give chancellor slightly more leeway for tax cuts before general election

Evening Standard

FTSE 100 Live 21 February: UK in record budget surplus, HSBC disappoints despite $30bn profits

HSBC, BAE Systems and Rio Tinto are among the heavyweight London-listed stocks in the spotlight today.

The Guardian - UK

The first step to our economic liberation is to tear up these crippling fiscal rules

How are we to get out of this recession if not through investment, investment, investment?

The Guardian - UK

Sunak is warned spending squeeze could lead to Conservative party wipeout at election

As fresh party infighting erupts after two byelection losses, the right are targeting public service funding to pay for tax cuts while others urge restraint

The Guardian - AU

Australia news live: Taylor Swift shows to go ahead at Sydney Olympic Park after no asbestos found – as it happened

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AAP

Tax cuts aimed squarely at regions, PM declares

Prime Minister Anthony Albanese says Labor's revamped stage three tax cuts will largely benefit working Australians from the bush.

The Guardian - UK

Tory MPs warn Sunak veering further right would be ‘politically disastrous’

Leading members of party’s One Nation caucus caution against any ‘attempt to become the Reform party’

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