Finance & Economics | WPN World People News

The European Commission decided to refer Bulgaria and the Netherlands to the Court of Justice of the EU for delay in transposing the Broadband Cost Reduction Directive, on January 25.

The Low Incomes Tax Reform Group (LITRG) is strongly urging taxpayers who miss the Self Assessment filing deadline on Wednesday (31 January) but who have a reasonable excuse for the delay, to challenge their penalties for late filing without delay.

$353 billion: that’s the drop in revenue Congress can expect if it were to extend provisions otherwise scheduled to expire in the recently-passed Tax Cuts and Jobs Act (TCJA), according to a new analysis from the National Taxpayers Union Foundation (NTUF). In the newest edition of its paper series called “The Baseline,” which examines legislative scorekeepers like the Congressional Budget Office, NTUF has calculated a “realistic baseline” for expected federal revenue for the next decade. The results find that Congress has an additional $353 billion worth of spending restraint to pursue in the next decade if it wishes to both extend tax relief and prevent additional deficit impact, a task that shouldn’t prove exceptionally difficult given that this amounts to barely more than 0.8 percent of revenue.

The Internal Revenue Service urges Native American taxpayers to look into the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) to see if they qualify.

The Internal Revenue Service and its partners across the country remind taxpayers about the Earned Income Tax Credit (EITC) on EITC Awareness Day. It marks the 12th year of this awareness campaign to alert millions of low- and moderate-income workers who may be missing out on this significant tax credit on Jan 26.

The Government’s decision to hastily redraft UK Customs law ahead of Brexit will lead to unnecessary uncertainty for business and runs counter to the Government’s stated policy of simply incorporating existing EU law into UK law ahead of our departure from the EU, argues the Chartered Institute of Taxation (CIOT).

The Internal Revenue Service wants taxpayers with disabilities and parents of children with disabilities to be aware of the Earned Income Tax Credit (EITC) and correctly claim it if they qualify.

A federal jury in Wisconsin on Wednesday convicted a Chinese wind turbine company of stealing trade secrets, which nearly destroyed a U.S. manufacturer.

Providing American seniors with better work incentives and opportunities will be crucial for the United States to meet the challenges of its rapidly ageing population. By 2028, more than one in five Americans will be aged 65 and over, up from fewer than one in six today, according to a new OECD report.

A new report on January 23, issued by the World Bank reveals that Haiti is the third most urbanized country in Latin America and the Caribbean, just after Trinidad and Tobago, and Mexico. According to the report, “Haitian Cities: Action for today with an eye on tomorrow”, today more than one in two Haitians live in cities compared to the 1950s when 90 percent of the population lived in the countryside, and more than 133,000 Haitians are moving to cities each year.