Under the administration of Gov. Tate Reeves and the Republican legislators, Mississippi has embarked on a significant course of tax cuts. In 2022, Gov. Reeves signed the Mississippi Tax Freedom Act, pledging a $525 million reduction in income taxes by 2026. This act, although it stops short of
As anticipation builds for the upcoming Autumn Budget, Rachel Reeves, the new Labour Chancellor, is set to unveil potential fiscal changes on Wednesday, 30 October 2024. Tax experts at the Cheltenham-based accounting firm Bishop Fleming have offered their insights and predictions, focusing on
Devolution and local government finance reform have taken center stage in English governance debates. Under the leadership of Deputy Prime Minister Angela Rayner, the new government is crafting an ambitious devolution plan aimed at transferring significant powers and funds from the central
The escalating tensions between Canada and the United States over Canada's digital services tax (DST) illustrate the complexities of international trade relations. The tax, which places a three percent levy on large foreign tech companies generating revenue from Canadian users, has sparked
The revival of tax reform discussions in Virginia's General Assembly marks the first significant step towards overhauling the state’s outdated tax system. The establishment of a joint tax policy subcommittee and its inaugural meeting underscore the renewed efforts to address long-standing issues.
Virginia is renewing discussions on overhauling its tax code, a longstanding issue highlighted by the state's outdated system and evolving economic realities. This renewed effort is marked by a Democratic-majority General Assembly and a Republican governor, reflecting nuanced political dynamics and
