newsmart – Latest News

bbc.co.uk | 3 min. ago NEW

Ed Davey: 'It's a £76bn stealth tax rise'

Liberal Democrats leader Ed Davey says a freeze on income tax thresholds is a '£76bn stealth tax'.

smh.com.au | 22 min. ago NEW

Tax boss concedes he 'jumped to conclusions' on controversial card ban

Australia's tax boss has admitted he “jumped to conclusions” when implementing a credit card ban that has outraged small businesses.

livemint.com | 57 min. ago NEW

8th Pay Commission: 3 key union proposals on DA for employees and pensioners

Employee bodies, including BPS and FNPO, have asked the 8th Pay Commission for quarterly DA revisions, merging DA with basic pay once it crosses 25%, and tax-free DA. These remain proposals, not approved changes.

ft.com | 1 hrs. 3 min. ago

[$] The Fed plays for time (but doesn’t have much)

Plus, tech results and UK bank taxes

dailymail.com | 3 hrs. 17 min. ago

Worse off under Burnham: The middle-earners and families struggling with bills who face a fall in living standards under Labour's 'is that it?' Budget

The Chancellor pushed up taxes to a record high and poured billions of pounds more into benefits. But he ducked tough decisions on increasing defence spending and curbing the runaway welfare budget.

nypost.com | 4 hrs. 50 min. ago

California governor hopeful Xaiver Becerra teases insidious new tax on drivers

California drivers could face a new tax for every mile they travel if gubernatorial hopeful Xavier Becerra gets his way.

dailymail.com | 5 hrs. 17 min. ago

Healey has launched yet another spiteful attack on the prudent - why I fear this is just the calm before the storm, says JEFF PRESTRIDGE

Compared to the two previous (damaging) tax raising Budgets, today's Budget was somewhat gentler on our household finances and our long-term wealth.

bbc.co.uk | 6 hrs. 3 min. ago

The Papers: 'Healey offers cold comfort' and 'A £100 trick or treat?'

Thursday's papers focus entirely on John Healey's first Budget that included £100 for energy bills and a bank tax.

scmp.com | 7 hrs. 38 min. ago

South Korea’s chipmakers are raking it in. Can China close the gap?

South Korean memory chip giant SK Hynix kept almost 80 per cent of its total sales as operating profit last quarter, a margin almost unheard of in manufacturing, as the country’s chipmakers reap the rewards of the global artificial intelligence boom. Operating profit, defined as earnings from the company’s core business before interest and taxes, soared 632 per cent in the three months to September from a year earlier to 83.33 trillion won (US$62.76 billion) on revenue of 104.62 trillion won, SK...

nypost.com | 9 hrs. 13 min. ago

Hochul refuses to say if she’ll join Mamdani’s tax-the-rich crusade — months after rejecting calls for hikes

The Democrat was asked Wednesday about her odd-couple relationship with the democratic socialist mayor who has been campaigning alongside her in the final days of the 2026 campaign, with a reporter asking her if anything "hinged" on Mamdani's support.

theguardian.com | 9 hrs. 32 min. ago

Nigel Farage skips budget in Commons over seating ‘altercation’ concerns

Reform UK leader ‘shocked’ by £10bn pledged to Ukraine and doubles down on cutting tax for crypto investorsBudget 2026: key points at a glanceNigel Farage skipped the chancellor’s first budget because he was worried he would get in a “physical altercation” with another MP in a row over seating arrangements.The Reform UK leader was not present in the House of Commons but gave a press conference afterwards in which he said he was “shocked” by the £10bn going to support Ukraine and doubled down on his party’s policies on cutting tax for crypto investors.

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dailymail.com | 9 hrs. 39 min. ago

Households to get £100 off energy bills this winter - but cut will be swallowed up by price rise of hundreds

Chancellor John Healey announced the measure which he said would help 20million households in council tax bands A-D - half of all homes.

dailymail.com | 9 hrs. 40 min. ago

Household incomes set for another grim squeeze as taxes and Middle East crisis add to lost decade, OBR warns

The Treasury's OBR watchdog laid bare the challenges facing Britons over the coming years in its forecasts accompanying the Budget.

ft.com | 10 hrs. 8 min. ago

Meloni’s government passes EU-compliant budget for 2027

Italy’s three-party governing coalition sets out €26bn package of tax cuts and spending increases

ft.com | 10 hrs. 9 min. ago

UK living standards will flatline this decade, says OBR

Fiscal watchdog sees ‘grim’ outlook for real household disposable income as energy prices and taxes rise

bbc.co.uk | 10 hrs. 19 min. ago

What does John Healey's budget mean for Scotland?

What the latest tax and spending plans could mean for your bills, pay and pocket.

euronews.com | 11 hrs. 48 min. ago

Belgium's finance and tax agency hit by cyberattack

The online portal MyMinfin and several other services have been temporarily taken offline as a precaution while officials investigate and secure their systems.

ft.com | 12 hrs. 54 min. ago

Property tax rise will push more landlords to sell, Healey warned

Measure will yield £575mn for Treasury in 2028-29, but estate agents say it will add to pressures in private rental sector

dailymail.com | 13 hrs. 31 min. ago

Side hustle boost: Vinted and eBay sellers see tax-free trading allowance trebled to £3,000

The amount of money people can earn in 'side hustle' jobs before paying tax has trebled from £1,000 to £3,000 in the Budget.

dailymail.com | 13 hrs. 31 min. ago

Autumn Budget 2026 live updates: Kemi Badenoch says country is 'overspent' as Chancellor launches tax raid on savers to fund cost of living

LIVE UPDATES: Kemi Badenoch has accused Labour of leaving Britain 'overspent, overborrowed, overtaxed' as Chancellor John Healey unveiled a tax raid on savers, landlords and banks.

theguardian.com | 13 hrs. 55 min. ago

Budget 2026 calculator: find out if you are better or worse off

Use our interactive tool to see how you have been affected by John Healey’s tax and spending announcementsHealey keeps income tax thresholds frozen. How much more will you pay?Budget 2026: key points at a glanceBudget 2026 live – latest updates Continue reading...

mirror.co.uk | 13 hrs. 58 min. ago

Budget 2026 Interactive map: How many households in your area to receive £100 winter energy payment

The payments will be paid to the large majority of families living in properties that are classed in council tax bands A to D — in four areas more than 97 per cent of households will receive the payments

mirror.co.uk | 13 hrs. 59 min. ago

Budget 2026: Beer up 3p a pint — and wine by 18p a bottle — after 'record booze tax hike'

Millions of drinkers will be hit with higher alcohol prices from next February, it has emerged, following Chancellor John Healey's Budget, which he delivered today

ft.com | 14 hrs. 1 min. ago

Sovereign wealth funds to be taxed on UK property investments

Change is set to hit countries such as the Gulf states that are big property investors in Britain

ft.com | 14 hrs. 2 min. ago

HMRC creates list of 200 billionaires in tax crackdown on UK’s wealthiest

Authority invites each billionaire and their representatives to ‘a voluntary initial or pre-filing discussion’

dailymail.com | 14 hrs. 4 min. ago

Poorest pensioners will be let off income tax under new rules revealed in Budget - but some face a 53% sting

John Healey plans to create a new Pension Tax Allowance of £13,036, the same as the full new state pension rate from next April, instead of the £12,570 for everyone else.

dailymail.com | 14 hrs. 4 min. ago

Healey hammers struggling workers, savers and landlords to fund energy bailouts as tax burden heads to new record high - but benefits escape cuts

John Healey is struggling to balance the books amid the Middle East crisis and Andy Burnham's spending ambitions.

bbc.co.uk | 14 hrs. 12 min. ago

Key points at a glance

Here’s what you need to know from John Healey’s first Budget, as the chancellor sets out the government’s tax and spending plans.

dailymail.com | 14 hrs. 36 min. ago

Vape shops call for clarity after Chancellor strips away rates relief - as smokers and vapers avoid further inflation-busting tax hikes in Budget

Vape industry figures fear the move will see legitimate stores tarred with the same brush as the 'dodgy' shops the Prime Minister has vowed to tackle.

mirror.co.uk | 15 hrs. 4 min. ago

Budget 2026 calculator reveals if you will be better or worse off after John Healey statement

Our Budget calculator, provided by tax advisory firm Blick Rothenberg, will show exactly how your wallet will be impacted by John Healey's announcements today

kyivpost.com | 15 hrs. 5 min. ago

Parliament Backs 50% Tax on 2027 Profits Despite Pushback

Parliament approved in the first reading a bill that raises the corporate income tax on bank profits from 25% to 50% for 2027, with 265 lawmakers voting in favor despite objections from the central bank and others. The NBU warned that the extra tax will curb lending, while economists see it as an easier route than stalled reforms.

livemint.com | 16 hrs. 13 min. ago

Deposited wedding gift money in your bank account? ITAT ruling explains when cash deposits can face income tax

The Pune ITAT accepted ₹2.75 lakh of a bank employee’s ₹3 lakh cash deposits as wedding gifts and savings but sustained a ₹25,000 addition due to missing gift confirmations. The ruling highlights why taxpayers should maintain records of cash gifts and their sources.

nypost.com | 16 hrs. 25 min. ago

Faith coalition presses Gavin Newsom to join Trump school choice program: ‘California dollars should stay in California’

More than 100 faith and school leaders say billions in California tax dollars could fund students in other states if Newsom sits out Trump’s program.

globalnews.ca | 16 hrs. 27 min. ago

Ontario matches feds’ tax perk for businesses on capital investments

Bethlenfalvy says Ontario's measures would provide about $8 billion in relief that will be a boon to the country over the long term by attracting more businesses to the province.

news.sky.com | 16 hrs. 28 min. ago

JPMorgan Chase faces £100m-plus tax bill from Healey raid

JPMorgan Chase will pay additional taxes of between £100m and £150m as a result of the corporation tax surcharge hike announced by John Healey in his budget on Wednesday - a bill which could renew doubts about the construction of its new London headquarters.

dailymail.com | 17 hrs. 1 min. ago

Healey brushes aside warnings over higher mortgages and presses ahead with a tax raid on banks

The Chancellor today announced an extra three per cent on the current bank surcharge to help pay for a rising cost in energy bills.

dailymail.com | 17 hrs. 3 min. ago

Savers and landlords hammered with income tax raid in Budget as Healey ratchets up Reeves' hike by another 2%

From April 2027, both will pay an extra 4% in income tax on money they receive as savings interest above their personal allowance, and rent they receive from tenants.

thehindu.com | 17 hrs. 30 min. ago

FATIA seeks relocation of Commercial Taxes office to Anakalpalayam

dailymail.com | 17 hrs. 48 min. ago

Bank shares jump after Budget tax raid was 'not as bad as feared'

Bank shares soared today as John Healey's tax raid on the sector was not as punishing as feared.

dailymail.com | 17 hrs. 48 min. ago

How much will frozen income tax thresholds cost you? Our salary calculator reveals the pain

The Chancellor confirmed income tax thresholds will remain frozen until 2031, adding to the growing tax burden on millions of workers and pensioners.