#taxhike

[immunobiz]

🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦

Ce type est complètement ridicule ! 😳 Mark Carney le Libéral 🤡veut devenir PM du Canada et dit que la taxe sur le carbone est trop BASSE ! 😤 Il pousse pour augmenter les taxes alors que les Canadiens sont en difficulté ! 🇨🇦🔥

This guy is out of his mind! 😳 Mark Carney the Liberal 🤡 wants to be PM of Canada and says the carbon tax is too LOW! 😤 He’s pushing for higher taxes while Canadians are struggling! This is crazy! 🇨🇦🔥

🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦

[unitedventurez]

UK Business Confidence Hits Two-Year Low Following Tax Increases

UK Business Confidence Hits Two-Year Low Following Tax Increases

UK businesses have expressed the lowest levels of confidence since former Prime Minister Liz Truss’ controversial “mini-budget” in September 2022, following the introduction of large tax hikes in the Labour government’s budget on October 30. A recent survey by the British Chambers of Commerce (BCC) revealed that business morale has dropped to its lowest point in two years, primarily due to concerns over taxation.

The BCC, which conducts the UK’s largest private-sector business survey, found that companies are more dissatisfied with tax policies than at any point since the survey began asking about taxes in 2017. Additionally, businesses expressed the lowest confidence in future sales since late 2022.

Shevaun Haviland, Director General of the BCC, stated: “The worrying reverberations of the Budget are clear to see in our survey data. Business confidence has slumped in a pressure cooker of rising costs and taxes.”

Finance Minister Rachel Reeves announced a £40 billion ($50 billion) tax increase in the October budget, the largest since 1993. The majority of this rise comes from increased social security contributions paid by employers.

While the Bank of England has forecast a temporary boost to growth in 2025 due to higher public spending, concerns remain about the long-term impacts of these tax hikes. There is uncertainty over whether the measures will lead to lower employment, higher prices, or a reduction in profits and investment.

The BCC survey also highlighted that 55% of firms plan to raise prices, up from 39% in the previous quarter. Furthermore, 24% of businesses indicated they would cut investment, a rise from 18% in the prior period. The BCC is set to release further data on recruitment intentions in January.

This negative sentiment is mirrored in other recent surveys, including those by S&P Global, the Institute of Directors, and the Confederation of British Industry (CBI).

While the UK economy showed signs of recovery in the first half of 2024 after a mild recession in late 2023, it stagnated in the third quarter. The Bank of England predicts no growth for the fourth quarter of 2024, with a modest expansion of 1.5% expected in 2025.

The BCC survey, which included responses from 4,800 businesses, mostly small and medium-sized enterprises (SMEs), was conducted between November 11 and December 9, 2024.

[cartoonistnituparna-blog]

(via সমতা)

[ethostax]

🌿✨ Attention Taxpayers: Big Changes Ahead in 2025! ✨🌿 Heads up! The IRS is rolling out significant tax changes in 2025 due to the expiration of the 2017 Tax Cuts and Jobs Act provisions. Here's what you need to know: 📈 Higher Marginal Tax Rates: Say goodbye to some tax cuts! Expect potential tax hikes, especially if you're a high-earner. 🧮 Shrinking Standard Deductions: Prepare for a smaller deduction and adjust your financial plans! 👶 Child Tax Credit Shake-up: Family benefits might shift, so stay informed! 👔 Pass-through Businesses Hit Hard: High-income individuals and businesses, brace yourselves for alterations to your deductions and credits. 📉 Itemized Deductions Reduced: If you itemize, expect possible decreases in your benefits. 🏰 Estate Tax Exemption Slashed: Wealthy estates—take note of potential lower exemptions. Stay informed and plan your finances accordingly! 📝💸 #Taxes2025 #IRSChanges #FinancialPlanning #StayInformed #TaxHike #TaxAdvice #TaxLiability #TumblrCommunity #Adulting #PersonalFinance

[yemisalauforbalchsprings]

Our Taxes are being increased again. What are we getting in return?? #balchspringstx #taxincreases #taxedtodeath #taxedoutofourhomes #2022 #taxhikesfortherestofus #taxhike #district7 #whatdoweget (at Balch Springs, Texas) https://www.instagram.com/p/Cifnkj-ODwL/?igshid=NGJjMDIxMWI=

[spanky606]

@Regran_ed from @freedom_faction - Thoughts? #Paris is burning. David Vives reports for The Epoch Times that #antigovernmentprotests in #France are growing ever larger as an estimated 125,000 yellow-vested demonstrators in Paris took to the streets yesterday, despite Prime Minister Edouard Philippe’s concession last Wednesday to scrap the #taxhike. The 4-week long protests, dubbed the #YellowVestmovement because of the #yellowvests worn by the protesters as a symbol, began online in May 2018 as a protest against a gas tax hike (of about 25 cents a gallon) and metamorphosed into street riots against high taxes, eroding living standards, and what many see as the government’s indifference to the concerns of France’s regions and ordinary people. The movement has spread beyond France to #Belgium. Note: Since 2008, all motorists in France are required by law to have high-visibility yellow vests in their vehicles when driving, as a safety measure should the driver be required to exit the vehicle on the roadside. In Paris, a ring of steel of trucks and reinforced metal barriers surrounded #PresidentEmmanuelMacron’s #ElyseePalace, although Macron himself has gone AWOL, unseen in public all last week. More than 1,200 people were arrested before the Saturday protest began in an effort to mitigate violence as much as possible. The December 1 riots had damaged the Arc de Triomphe and injured 130 people. Police also confiscated from protesters anything that could be used as protection such as helmets, protective glasses, and cartridges of saline solution for the eyes. Saturday’s Yellow Vest crowd was overwhelmingly male, a mix of those with financial grievances and apparently experienced vandals, who tore steadily through some of Paris’ wealthiest neighborhoods, smashing and burning. Demonstrations have been taking place elsewhere in France as well. Police and protesters clashed in the southern cities of #Marseille and #Toulouse... 🖐🏾More in comments👇🏾#VivaLaRevolution #EuropeanUnion #EuropeanArmy - #regrann https://www.instagram.com/p/BrOMzmyH1bl/?utm_source=ig_tumblr_share&igshid=s0no454hy184

[whytehartleanne]

Labour has no plan and just 𝐯𝐨𝐭𝐞𝐝 𝐚𝐠𝐚𝐢𝐧𝐬𝐭 𝐨𝐮𝐫 £𝟑𝟔 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐩𝐥𝐚𝐧 to fund the NHS and social care. 🤦

Conservatives are delivering on the people's priorities. 💙

Labour are just being... well, Labour! 🥀 https://t.co/cVKrftt2n0

[20westlegal]

Charitably Inclined?

Given Biden's new proposed tax legislation, you may want to consider a charitable bequest. It can also be set up to benefit your heirs.

Read to learn more: https://cnb.cx/3fRNU9d

[willofthepeopleonline]

👎👎👎👎 $$$ #taxes #willofthepeople #biden #taxhike (at Buffalo, New York) https://www.instagram.com/p/COSo7KXHbtR/?igshid=1rmpjk1t8sotg

[dylanharley45]

President Joe Biden unveiled a $2 trillion plan Wednesday to rebuild the nation's aging infrastructure, support electric vehicles and clean energy and boost access to caregivers and their pay in a massive undertaking that would be the centerpiece of his economic agenda.

[ericvick]

Wall Street cheers U.S. election removing major tax-hike threat

By Svea Herbst-Bayliss and Chibuike Oguh

(Reuters) – Wall Street breathed a sigh of relief on Wednesday, as the latest U.S. election tallies pointed to a divided government that made the prospect of tax hikes advocated by Democratic presidential candidate Joe Biden unlikely. [.N]

Biden has proposed raising the capital gains tax rate from 20% to 39.6% for those making over $1 million, which would represent a big blow to the asset management industry. Other tax hikes he has put forward include increasing the statutory corporate income tax rate from 21% to 28%.

Biden was leading in key Midwestern states in the race for the White House as votes were being counted on Wednesday afternoon, but President Donald Trump’s Republican Party was poised to keep control of the Senate even as Democrats retained their majority in the House of the Representatives. [nL1N2HQ0VQ] Tax changes would need to be voted through the House and the Senate and be approved by the White House to become law.

Even if Biden were to prevail over Trump, the composition of the legislature would make it challenging for him to push ahead with his tax changes. Pollsters’ earlier predictions that Democrats would win control of the White House and Congress had cast a cloud over Wall Street, fund managers said.

“The markets are taking comfort from the fact that there likely won’t be a significant tax increase any time soon,” said Troy Gayeski, co-chief investment officer of hedge fund investment firm SkyBridge Capital.

Shares of private equity firms, whose performance fees would have sustained a big tax hit were Biden to have his way, soared on the early voting results. Blackstone Group Inc , KKR & Co Inc and Carlyle Group Inc shares jumped 7.1%, 7.4% and 4.2%, respectively. Other fund managers, including hedge funds and venture capital firms, also expressed relief.

“Regardless of the outcome for president, fears of a blue wave and the potential for a sweeping overhaul for private equity regulation are likely stemmed with the Republican Party likely maintaining control of the Senate,” Jefferies analysts wrote in a note on Wednesday.

Story continues

Shares of large mutual fund managers such as BlackRock Inc and T. Rowe Price Group Inc , whose business would also have a taken a hit from a capital gains tax hike, also rallied.

“Even if Biden wins the presidency, it will be much more difficult for him to pass his proposed tax increases and the market clearly likes that,” said Bolvin Wealth Management Group President Gina Bolvin. “Markets like gridlock because a divided government takes out extremes.”

Multimedia U.S. election coverage: https://www.reuters.com/world/us-election2020

IMPACT ON DEALMAKING

A capital gains tax hike would have also weighed on Wall Street’s business of advising on mergers and acquisitions. Investment bankers said a pickup in corporate divestments by individuals, families and private equity firms in the run-up to the election was fueled by fears of Biden implementing his tax plan. Bankers were worried about deal activity slowing down over the next few years if Biden’s tax changes were enacted. [nL8N2H55OY]

Even though taxes are only one consideration for corporate sellers, the prospect of divided government has now removed a significant overhang for dealmakers, advisers to companies said.

“If you had a family that was looking to sell a business, they may breathe a sigh of relief now on potential tax changes but they need to be aware that things may change again in two years,” said Daniel Wolf, a partner at law firm Kirkland & Ellis LLP.

Banks were big beneficiaries of tax cuts under Trump, making a reversal seem ominous. Biden’s tax plan would have reduced big banks’ earnings per share by a median of 7.4% based on 2021 estimates, according to Morgan Stanley analyst Betsy Graseck. Bank stocks were slightly up on Wednesday afternoon. [nL1N2H60SQ]

“It is now unlikely that we’re going to get a hike in the corporate tax rate,” said Fred Cannon, director of research at Keefe, Bruyette & Woods.

There was more good news for Wall Street in several key congressional races. Many banks’ favorite lawmakers declared victory overnight, leaving the composition of banking committees in the House of Representatives and Senate largely intact. [nL1N2HQ2L5]

(Reporting by Svea Herbst-Bayliss in Boston and Chibuike Oguh in New York; Additional reporting by David Henry and Jessica DiNapoli in New York; Editing by Greg Roumeliotis and Matthew Lewis)

[starrwulfe]

#currentsituation: working on this complicated story so y’all don’t have to break a sweat later on this month. #taxhike #消費税 #morecomplicatedthanitshouldbe (at スターバックス コーヒー 稲城東長沼店) https://www.instagram.com/p/B2YksfMDLqO/?igshid=g3xpw3y4r6e0

[cartoonistnituparna-blog]

(via বাধাহীন)

[thegrapeswineshop]

Tax Hike coming soon!! Buy 6 Bottles and get Free Shipping!! ・ 増税前の今が買い🌟 🌟 ・ 「夏の終わりの感謝セール」開催中‼️8/31(土)-9/29(日) …さらに！期間中6本お買い上げで「配送料無料❗️」(※1都3県に限る) ・ この機会に是非、お買い求めくださいね♪ ・ ご利用お待ちしておりま〜す*\(^o^)/* ・ #thegrapeswineshop #sendagaya #freeshipping #taxhike #taxhikesale #endofsummersale #グレープスワインショップ #千駄ヶ谷 #送料無料キャンペーン #増税前 #増税前の今が買い #夏の終わり感謝セール (The Grapes Wine Shop) https://www.instagram.com/p/B2EM-CQn7vP/?igshid=1jaaurikotib9

[goku20193]

#LetsGetTheOnePercentOffWelfare #WelfareQueens #WelfareKings #WhiteWelfareQueens #WhiteWelfareKings #TaxCutsForTheRich #TaxCuts #TaxHikes #RacistPigs #Karens #KKKarens #KarensGoBrrr #KrazyKarenGoBrrr #TeamSkeptic #RubyMusso #CostcoKaren #TraderJoesKaren #KarensOfTikTok #Covid19 #ColoradoKaren https://www.instagram.com/p/CcXbuo7rhDiqhfc1tfsBxoMkeFXxRkcQLLj4pE0/?igshid=NGJjMDIxMWI=

[franklong12]

Biden Budget Proposal Outlines Social Spending, Business Tax Hikes WASHINGTON (AP) — President Joe Biden on... Read the rest on our site with the url below https://worldwidetweets.com/biden-budget-proposal-outlines-social-spending-business-tax-hikes/?feed_id=22543&_unique_id=60b3bb617d348 #bidenbudget #JoeBiden #politics #socialprograms #taxhikes