Kenya’s President William Ruto says he will withdraw a finance bill containing controversial tax hikes after deadly protests which saw parliament set ablaze on Tuesday. In an address to the nation, he said it was clear that Kenyans “want nothing” to do with the bill. “I concede,” he said, adding that he will not sign […]
The Kenyan military remains in the streets of the capital Nairobi a day after protesters stormed parliament over a tax plan that would increase the cost of living – an act of defiance that President William Ruto called an “existential” threat. At least 22 people were killed during the unrest, a human rights group said. […]
Jun. 26—The city of Cullman signed off on a $1.2 million tax rebate Monday, June 24, for a national retail development which could revitalize one of the area’s major shopping centers. The move echoed similar measures approved by the Cullman County Commission Tuesday, June 18. Both city and county officials have remained cautious about naming […]
The IRS on Tuesday said it “sincerely apologizes” to billionaire investor Ken Griffin and thousands of other wealthy people whose private tax information was leaked to the news media by a former contractor. The unusual statement came as part of a negotiated settlement with Griffin who, in exchange, agreed to drop a long-running lawsuit against […]
59% of employees who are not saving for retirement believe they are, according to Principal Financial Group. IRAHelp.com Founder and CPA Ed Slott joins Wealth! to discuss retirement plans and some of the changes that you should take advantage of. “Everybody thinks inflation is bad, and I get that because things cost more. But when […]
MADRID (AP) — Spain will temporarily eliminate the sales tax on olive oil to help consumers cope with skyrocketing prices, the government said Tuesday. Spain is the world’s leading producer and exporter of olive oil, but its cost for domestic consumers has risen dramatically due to global inflationary pressures and a prolonged drought that decimated […]
MADRID (AP) — Spain will temporarily eliminate the sales tax on olive oil to help consumers cope with skyrocketing prices, the government said Tuesday. Spain is the world’s leading producer and exporter of olive oil, but its cost for domestic consumers has risen dramatically due to global inflationary pressures and a prolonged drought that decimated […]
Kenyans are protesting over a new finance bill that introduces unpopular tax proposals that have drawn a lot of anger across the nation. The controversial bill, which has provisions that are seen as imposing extra burdens on ordinary citizens and businesses, has sparked a huge outcry from a public already burdened with a high cost […]
(Bloomberg) — Kenya’s National Assembly dropped a number of controversial tax proposals even as opposition lawmakers refused to participate in voting for the bill that’s caused street protests. Most Read from Bloomberg Proposed levies on bread, mobile-money transfers and banking services, and motor vehicles were scrapped by ruling coalition lawmakers. They also dropped a levy […]
JERUSALEM (AP) — Leaders of major churches have accused Israeli authorities of launching a “coordinated attack” on the Christian presence in the Holy Land by initiating tax proceedings against them. While Israeli officials have tried to dismiss the disagreement as a routine financial matter, the churches say the move upsets a centuries-old status quo and […]
With retirement savings, you can either pay tax now or pay it later. – Getty Images/iStockphoto Dear Fix My Portfolio, I have access through work to an after-tax 401(k) contribution with an in-plan Roth rollover. I am maxing out my pretax contributions and using the mega backdoor contributions. I have saved enough in my pretax […]
(Bloomberg) — France’s leftist alliance would raise the top marginal income tax rate to 90% if it were to take over the government following legislative elections that run through July 7. Most Read from Bloomberg Eric Coquerel provided the figure in an interview in Cnews television, saying that the New Popular Front’s proposal would pass […]