Shoppers tell of shock at unexpected bills for VAT or customs declarations as some retailers stop shipping to continent

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Learn about the types of tax-advantaged accounts available for you and how to use them to secure your future retirement.

High earners in New York and California could face combined federal and state tax rates of 62% under Democratic presidential nominee Joe Biden’s tax plan, according to experts. While Americans earning less than $400,000 would, on average, receive tax cuts under Biden’s plan, the highest earners would face double-digit increases in their official tax rates, according to nonpartisan analyses.

Yes, Ireland has a legal definition for bread. And the nation's Supreme Court said Subway's bread has too much sugar to satisfy it.

“Is Donald Trump really a billionaire?” everyone seemed to be asking Sunday night, after the New York Times dropped a bombshell report about the president’s taxes, which detailed big losses in some years and limited income in others. The answer: Yes, he is indeed.

Austrac is close to prosecuting Paypal for breaching Anti-Money Laundering and Counter-Terrorism Financing laws, following its Westpac sting.

The New York Times has obtained two decades of impeached and manifestly unfit U.S. President Trump. The resulting report shows he is in massive debt, and The full $100 million comes due in 2022.

Earlier this year we noted that the Australian government was setting up a you're-too-successful tax on Google and Facebook which it planned to hand over to media organizations. We should perhaps call it the "Welfare for Rupert Murdoch" bill.

A group of 83 of the world’s richest people have called on governments to permanently increase taxes on them and other members of the wealthy elite to help pay for the economic recovery from the Covid-19 crisis. The super-rich members, including Ben and Jerry’s ice cream co-founder Jerry Greenfield and Disney heir Abigail Disney, called on “our governments to raise taxes on people like us. Immediately. Substantially. Permanently”.

The highest paid 1% of British earners received nearly 17% of all the country’s income ahead of the Covid-19 crisis, according to a study making allowance for the concentration of taxable capital gains among the better off. Analysis by Warwick University, the London School of Economics and the Resolution Foundation of previously confidential HMRC data showed that the top 1% had a growing and much bigger slice of income than previously thought.

Scotland has become the latest country to block companies based in tax havens from accessing coronavirus bailout funds, in a move that will increase pressure on Boris Johnson's government to introduce similar measures. MSPs approved new rules on Wednesday night that will mean companies that are registered in tax havens, or are a subsidiary of an offshore company, cannot apply for government grants.

The huge economic slowdown brought about by COVID-19 has resulted in companies around the world seeking help from their governments. The conditions of these bailouts vary but some countries have notably said that tax avoiders should not benefit. Poland and Denmark were the first, with Austria, France and Italy making similar noises.

Europe wants the world’s financial leaders to make it their top priority this year to reach a deal on global rules for taxing digital giants like Google (GOOGL.O), Amazon (AMZN.O) and Facebook (FB.O), a document showed.

Freelancing taxes can be difficult for many people. Here's how to navigate quarterly taxes, yearly taxes and how much to put away each payment.

We're reviewing the best tax software for your tax needs in 2020, including the best for free filing, investors, freelancers and landlords.

The Internal Revenue Code includes multiple classifications for property. Learn about §1231, 1245 & 1250 property and its treatment for gains and losses.

The Congressional Budget Office just projected a series of $1 trillion budget deficits—as far as the eye can see. Narrowing that deficit will require not only spending reductions and economic growth but also new taxes. One solution that I’ve laid out in a new Hamilton Project paper, “Raising Revenue with a Progressive Value-Added Tax,” is a 10 percent Value-Added Tax (VAT) combined with a universal basic income (UBI)—effectively a cash payment to every US household.

The year 2019 saw Bill Gates reclaim his title as the world’s richest person from Jeff Bezos — and come under harsher scrutiny than ever amid a new, powerful backlash against the billionaire class and the economic system that produces extraordinary wealth like his.

U.S. tax revenue as a proportion of GDP dropped the most out of any country in the Organisation for Economic Co-operation and Development in 2018, according to a report released Thursday. That’s largely due to the $1.5 trillion GOP tax cut President Donald Trump signed into law in 2017.