Tax

Investing in Gold Bonds, ETFs or Assets? Here’s how you’ll be taxed in FY25

Investing in Gold Bonds, ETFs or Assets? Here’s how you’ll be taxed in FY25

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There is no doubt that investment in gold has never gone away despite the good performance of other asset classes. Since February, gold has demonstrated a remarkable return of approximately 17 percent. Accordingly, the value of the commodity reached unprecedented levels every day in both domestic and global markets, despite the rise in US government …

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The increased tourist tax in Barcelona: Where else to pay entrance in 2024?

The increased tourist tax in Barcelona: Where else to pay entrance in 2024?

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Many tourist sites around the world suffer from so-called over-tourism. More than once we hear criticism about the negative effects of too many tourists in busy cities and their damage to the way of life of the residents, the abundance of garbage and the increase in real estate prices. Because of this, the world’s most …

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Electric cars are heavier than gas cars, but are they tougher on the roads?

Electric cars are heavier than gas cars, but are they tougher on the roads?

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Open this photo in the gallery: An electric car is charged at an EV charging station near Spadina Ave/Bloor St in Toronto on March 6.Laura Proctor/The Globe and Mail Alberta will charge EV owners $200 a year [starting in 2025, saying EVs tend to be heavier and therefore] more difficult on the roads. Are electric …

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The Senate is investigating a tax shelter for $40 billion in private placement life insurance

The Senate is investigating a tax shelter for $40 billion in private placement life insurance

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Democrats on the Senate Finance Committee released a report Wednesday cast a skeptical eye on the private placement life insurance industry, arguing that it functions as a tax haven that holds at least $40 billion in policies for several thousand millionaires and billionaires. The commission’s staff investigation found that PPLI policies were being actively promoted …

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Indonesia delays 40% to 75% entertainment tax as consumers, businesses push back against higher prices

Indonesia delays 40% to 75% entertainment tax as consumers, businesses push back against higher prices

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SINGAPORE/JAKARTA: Indonesia may soon introduce an entertainment tax of 40 to 75 percent on the price of certain goods and services, much to the chagrin of businesses and consumers who say the sharp increase could put customers off visiting affected establishments. The price of a cocktail sold in a club, for example, will increase from …

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Which European countries pay the least and most car tax?

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Vehicle taxation varies widely across Europe, with environmental considerations playing a key role in some countries. Based on OECD data, Euronews Business looks at car prices before and after tax in four different categories. ADVERTISEMENT Taxes related to the purchase, registration and use of vehicles are a significant source of revenue for governments. Taxation is …

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UK’s Hunt makes business investment tax relief permanent in search of growth

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Chancellor of the Exchequer Jeremy Hunt leaves 11 Downing Street for the House of Commons to deliver his Autumn Statement in London, Britain, November 22, 2023. Stephan Russo/Poole via REUTERS License Rights Acquisition UK business investment lags after Brexit “Biggest business tax cut” in modern history – Hunt Tax breaks cost 11 billion stg per …

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South Carolina maintains lower unemployment insurance tax rates for the third year in a row

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RICHLAND COUNTY, SC (WACH) — Governor Henry McMaster and SC Department of Employment and Workforce (DEW) Executive Director William Floyd announced that South Carolina unemployment insurance tax rates will decrease or remain the same for employers in 2024. This is the third year in a row that DEW, the General Assembly and the Governor have …

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Concerns about health care costs threaten the retirement dreams of many

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As health care costs in the United States continue to rise and inflation remains stubborn, many Americans are losing confidence in their ability to afford health care costs and maintain their physical and financial well-being after retirement. According to the Nationwide Retirement Institute’s annual Retirement Health Care Cost Survey, approximately 6 in 10 respondents (59%) …

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