Opinion: Homeowners Are The New Oil Barons And It’s Time To Tax Their Home Wealth

Steve Pomeroy is head of housing policy research firm Focus Consulting Inc., Industry Professor at the Canadian Housing Evidence Collaborative and Senior Research Fellow at McMaster University at Carleton University’s Center for Urban Research and Education. Many energy companies reported near-record profits in the second quarter, luck that critics say is the result not of … Read more

US House panel has right to access Trump tax data, court rulings

WASHINGTON, Aug. 9 (Reuters) – A U.S. House of Representatives committee has the right to see former President Donald Trump’s tax returns, a federal appeals court ruled Tuesday, rejecting its claim that the request was invalid because it was politically motivated. The U.S. Court of Appeals for the District of Columbia Circuit ruled against the … Read more

Opinion: Dazzling energy prices just don’t add up

A vehicle drives into a BP service station in central London, Great Britain, on Aug. 2. Oil started to rise late last year, well before the Russian invasion of Ukraine on February 24.HENRY NICHOLLS/Reuters UN Secretary-General António Guterres called them examples of “exceptional greed.” A Friends of the Earth campaigner said: “It’s unbelievable that these … Read more

British leadership favorite Liz Truss reverses pay plan in first major misstep

Conservatives Truss climbs down on key promise Opponents say the policy would have affected nurses and police officers Opinion polls show conflicting view on the size of Truss’ lead The Daily Mail gives Truss support LONDON, Aug. 2 (Reuters) – Britain’s Foreign Secretary Liz Truss, the frontrunner to replace Boris Johnson as prime minister, was … Read more

Spanish prosecutors demand eight years in prison for Shakira after she rejected tax evasion plea deal

Spanish prosecutors have said they would seek more than eight years in prison against global music superstar Shakira after she rejected a plea deal on charges of tax evasion. Most important points: Pro sectors accuse Shakira of defrauding Spanish tax office for more than $21 million between 2012 and 2014 Global music superstar says she … Read more

The misery index returns, more to come

The misery index, that unfortunate sum of inflation and unemployment figures, has risen to a level last seen three decades ago. The sharply higher inflation is driving this increase for the time being. But the misery index — which aims to single out the economic pain caused by rising prices and job losses — is … Read more

‘Unprecedented house price growth’: OECD call to limit home tax breaks in favor of the rich

According to a new report from the Organization for Economic Co-operation and Development (OECD), capping tax breaks on housing could help lower house prices and ensure that property does not fall into the hands of older and wealthier Australians. Most important points: OECD proposes limiting tax exemptions to ensure “highest value profits are taxed” The … Read more

Increasingly bitter race to replace British Prime Minister Johnson to four

Sunak remains leader in third ballot Tom Tugendha eliminated from race to replace Johnson Concern that the race may split the game LONDON, July 18 (Reuters) – Britain’s former finance minister Rishi Sunak kept his lead in the race to become Britain’s next prime minister on Monday when another hopeful was eliminated, leaving four candidates … Read more

UK Prime Minister candidates clash over tax cuts in TV debate

Five challenges to succeed Boris Johnson as British Prime Minister Second of three TV debates on Sunday Tax plans at the heart of heated battle Opinion polls show conflicting picture of who wins LONDON, July 17 (Reuters) – The five Conservative candidates still vying to become Britain’s next prime minister clashed on Sunday over tax … Read more