Tax Policy

How Are West Virginia's Utility Tax Rates Determined Annually?
Public Services & Infrastructure How Are West Virginia's Utility Tax Rates Determined Annually?

The annual process to finalize property tax rates for major utilities in West Virginia has officially commenced, with the Board of Public Works receiving tentative tax assessments from the state's Tax Division. Led by Governor Jim Justice, the board comprises several key constitutional

Why Did Brazil Face a Larger Deficit Than Expected in August 2024?
Economic & Fiscal Why Did Brazil Face a Larger Deficit Than Expected in August 2024?

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

Indian Government to Simplify Income Tax Act and Reduce Litigation
Economic & Fiscal Indian Government to Simplify Income Tax Act and Reduce Litigation

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

Merrillville Proposes 2025 Budget to Address Infrastructure and Safety Needs
Public Services & Infrastructure Merrillville Proposes 2025 Budget to Address Infrastructure and Safety Needs

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

Mississippi Debates Eliminating Income Tax: Economic Boost or Risk?
Economic & Fiscal Mississippi Debates Eliminating Income Tax: Economic Boost or Risk?

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

Welsh Government Plans to End Tax Breaks for Some Private Schools
Public Services & Infrastructure Welsh Government Plans to End Tax Breaks for Some Private Schools

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

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