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The government stands to lose P43 billion in tax revenues by 2017 if a proposed Senate bill adjusting income tax brackets and lowering rates is pushed, the Bureau of Internal Revenue chief said. In a report aired on GMA News' "Saksi" Wednesday
Ole Spata / dpa / Corbis The "sharing economy" typified by companies like Airbnb or Uber, both of which now have market capitalizations in the billions is the latest fashion craze among business writers. But in their exuberance over the next big
It would hurt working families "every time they filled up in their car", Labor's transport spokesman told Nine Network on Friday. "It's a regressive tax because if you live further away from where you work and you don't have public transport options .
Virtually all of the income tax reductions given in the Howard, Rudd and Gillard years would now be clawed back if the deficit levy were to be imposed," Professor Evans said. Large cuts in income tax rate were made between 2004-05 and 2008-09 mostly
The Abbott government is likely to introduce the tax at a low level for incomes near $100,000, then gradually increase it with income to avoid a sudden step-up in tax...The Tax Office figures show human resource managers, engineers and school
Nicki Davey One thing's for sure, it's going to be a long time between drinks before there's another tax cut...That's where you automatically pay more tax because your pay has gone up. Fair enough, except that with both tax and inflation taking their
Democratic New York City Mayor Bill de Blasio became a prominent proponent of progressive tax policy when he made raising taxes on city residents who make over $500,000 a year a cornerstone of his platform during his underdog campaign last year.
ET The jump in federal tax rates that kicked in last year is causing sticker shock for many higher earners this tax season. That, in turn, is rekindling a debate over a question likely to smolder for a long time: How much more couldor shouldtaxes go
Nebraska Gov. Dave Heineman has signed a series of tax relief measures into law, and he says the bills passed this year will amount to $412 million in tax reductions over the next five years. Heineman announced Wednesday that he has approved five tax
Political parties have been vying to offer the biggest tax cuts as the credit crunch tightens its grip on Britain. In their view, low taxes are now the best way to get the economy going and to help out families. Cutting or