33 h. ago How much money Elon Musk lost because of feud with Donald Trump

Musk's government contracts were on the line as he continued to take part in a savage war with words against Trump, with their partnership breaking down over a tax-cut and spending bill.

Politics

64 h. ago 'Bromance' is over as Elon Musk launches another scathing attack on Trump's 'big, beautiful bill'

Despite Trump's praises in the Oval Office last week, Elon Musk has continued his tirade against the "big, beautiful bill" of tax breaks and spending cuts, saying no one "should be able to stomach it"

Politics

68 h. ago Elon Musk turns on Donald Trump in scathing tirade against 'big beautiful bill'

Donald Trump's administration is pushing a piece of legislation in the United States which will be central to its agenda and will mean tax breaks as well as spending cuts

Politics

3 d. ago Germany's new government launches a program to encourage investment and boost the economy

Germany’s new government has launched a package of tax breaks and eventual tax cuts for companies

Politics

3 d. ago Merz plans €46bn corporate tax breaks to revive German economy

Finance minister Lars Klingbeil will outline measures to boost corporate investments amid threat of US tariffs

Economics

3 d. ago The Iranian tax haven where Kinahan Cartel mobsters could relocate after one of Ireland's 'most wanted' is extradited from Dubai

Boasting glittering shopping malls, generous tax breaks and miles of sandy beaches, it's a Middle Eastern hotspot designed to pull in high-spending visitors.

Events

3 d. ago Elon Musk brands Donald Trump's big tax break bill a 'disgusting abomination'

Donald Trump's administration is pushing a piece of legislation in the United States which will be central to its agenda and will mean tax breaks as well as spending cuts

Economics

9 d. ago Elon Musk announces exit from US government role after breaking with Trump on tax bill

The billionaire CEO of Tesla thanked the president for the opportunity and said the Doge mission ‘will only strengthen’Elon Musk has announced on social media that he is leaving his role in the Trump administration, a departure the White House confirmed was in process on Wednesday evening.“As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending,” the billionaire wrote on X, his social media platform. Continue reading...

Politics

1 week ago Nigel Farage accused of ‘fantasy promises’ with expensive policy pledges

Reform UK leader unveils plans to reverse benefit cuts and bring in tax breaks without explaining how they would be fundedNigel Farage has been accused of leaving a multibillion-pound black hole at the heart of his party’s spending plans after unveiling a series of expensive policy pledges to be paid for by cutting nonexistent items of government spending.The Reform UK leader laid out a series of economic promises at a speech on Tuesday designed to take advantage of disquiet among Labour voters at the government’s policies on taxes and benefits. Continue reading...

Events

1 week ago Farage pledges tax breaks for married couples to encourage them to have bigger families... and help Britain reverse the 'existential crisis' of plummeting birth rates

In a major speech, the Reform UK leader will argue Britain faces an 'existential crisis' because of plummeting birth rates.

Events

2 w. ago Trump’s massive tax and spending bill clears hurdle to advance to House vote in coming hours

Republicans have been deeply divided over the bill which would extend Trump’s 2017 tax cuts by tightening eligibility for food and health programs US President Donald Trump’s massive tax and spending bill has cleared an important procedural hurdle in the Republican-controlled House of Representatives, when a gatekeeper committee approved the measure and set up a floor vote for passage to occur within hours.Republicans have been deeply divided over the bill, which would extend Trump’s signature 2017 tax cuts, create new breaks for tipped income and auto loans, end many green-energy subsidies and boost spending on the military and immigration enforcement. Continue reading...

Politics

2 w. ago Prime Central London Home Sales Sunk in April as Tax Break Sunsetted

Prime Central London Home Sales Sunk in April as Tax Break Sunsetted  Mansion Global

Politics

2 w. ago Proposed tourist tax at UK holiday hotspot would be ‘death knell’ for local businesses

The proposed 5% visitor levy could generate at least £10m for the region

Economics

2 w. ago Don’t be fooled. Trump’s ‘One Big Beautiful Bill’ is typically ugly and typically misnamed | Arwa Mahdawi

Republicans love to make the most harmful laws sound sensible or even noble. This pretty-sounding package of tax breaks and spending cuts is just the latest exampleWhat’s big, beautiful and kept a lot of Republicans up late on Sunday night? There might be various responses to that question, but the answer I’m looking for is the One Big Beautiful Bill Act. Coming in at 1,116 pages, the bill isn’t quite War and Peace but it’s definitely big. Whether the mega-package of tax breaks and spending cuts is beautiful, however, is up for debate.And there has certainly been a lot of debate. The bill has been in limbo for a while because a few Republicans who consider themselves “fiscally conservative” are happy with the package’s extension of Trump’s 2017 tax cuts and increased spending for the military and immigration enforcement, but don’t think enough social and climate-related programmes have been slashed to pay for it all. In particular, they want deeper cuts to food stamps and Medicaid, ...

Politics

2 w. ago ALEX BRUMMER: Trumpian tariff on movies is an arrow pointed at Britain

Donald Trump's movie adviser, veteran Oscar-winning actor Jon Voight, thinks tax breaks for Hollywood rather than a blunt levy on foreigners is the answer.

Politics

3 w. ago The Guardian view on Trump’s leftward lurch: the ‘lunatics’ are running the right | Editorial

The White House says it is borrowing from Bernie Sanders and adopts rhetoric once dismissed as dangerous to lift its flagging poll ratingsIt’s striking to see Donald Trump, who built his re-election campaign around attacking the “radical left”, now borrowing some of its economic policies. In just months, he has shifted from denouncing “communist” price controls to saying he would implement them, and from defending tax breaks for the wealthy to proposing tax increases on those earning more than $2.5m a year if it benefits poorer Americans. These moves echo longstanding proposals from progressives like Bernie Sanders – despite Mr Trump’s past efforts to portray such ideas as “lunatic”. The irony is hard to miss.Consider recent policy announcements that mirror a liberal-left agenda. Capping credit card interest rates was a Sanders campaign promise before it was a Trump one. And it may happen – courtesy of an unlikely alliance between Mr Sanders and the Republican senator Josh Hawl...

Politics

4 w. ago US military leaders wade into fight over tax breaks for critical minerals

Fight is underscoring scrambled political alliances surrounding Biden-era Inflation Reduction Act

Events

4 w. ago Ban this foreign filth! Can cinema really threaten national security?

The US president’s plan for Hollywood is full of plot holes. But when it comes to the hidden propaganda baked into movies, he may have a pointAs always with pronouncements by President Trump, once you had peeled away the xenophobia, removed the stew of resentment, ignored the sheer idiocy and asterisked the possible illegality, there was a small kernel of truth to his posting on Truth Social last Sunday. “The Movie Industry in America is DYING a very fast death,” he wrote, pointing to the nefarious tax breaks other countries gave film-makers as “a National Security threat” and proposing an 100% tariff on films made oversees. “It is, in addition to everything else, messaging and propaganda! WE WANT MOVIES MADE IN AMERICA AGAIN!”How would a 100% tariff on films made oversees work? Just movies shot overseas? What about movies set overseas? And who would pay? How do you impose tariffs on goods without a port of entry? “Commerce is figuring it out,” said a White House official. In fact, ...

Events

4 w. ago Federal officials set timeline for Helene aid to farmers as Georgia enacts tax breaks

Georgia’s governor has signed a law to exempt federal crop insurance and disaster payments following Hurricane Helene damage from Georgia state income taxes

Politics