In August 2024, Brazil reported a public sector primary deficit that exceeded forecasts, highlighting ongoing fiscal challenges. The deficit reached 21.4 billion reais ($3.9 billion), surpassing the 20.8 billion reais expected by economists. This financial shortfall points to deeper issues in
In a significant move towards tax reform, the Indian government has embarked on a mission to simplify the Income Tax Act, 1961. With the aim of making direct tax laws more accessible and reducing the volume of legal disputes, this initiative engages both private sector professionals and tax experts
The town of Merrillville is taking a bold step to address longstanding infrastructure and safety concerns by proposing a significant revision to its budget for 2025. The proposed changes include doubling several tax levies to better fund critical services and public projects. This initiative comes
The state of Mississippi is at a crossroads, with political leaders deeply engaged in a debate over the potential elimination of the state's personal income tax. This significant fiscal policy change has divided opinions, drawing strong advocacy from some quarters while raising cautionary
In a significant policy shift, the Welsh Government has announced a proposal to end tax breaks for certain fee-charging private schools starting from April 1, 2025. This proposed change specifically aims to discontinue charitable non-domestic rates relief for a select number of independent
The Labour Party has recently introduced a proposal known as "brownfield passports" in an effort to streamline urban housing development on previously used land, often termed brownfield sites. This initiative, detailed in Labour's manifesto, stands as a crucial component of their
