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PearsonSharp
: "They want to tax you for every mile you drive, and there’s a privacy aspect of them knowing everywhere you go."

India to slash tariffs on cars to 40% in trade deal with EU, sources say

By Aditi Shah and Philip Blenkinsop
NEW DELHI/BRUSSELS, Jan 25 (Reuters) - India plans to slash tariffs on cars imported from the European Union to 40% from as high as 110%, sources said, in the biggest opening yet of the country's vast market as the two sides close in on a free trade pact that could come as early as Tuesday.
Prime Minister ‌Narendra Modi's government has agreed to immediately reduce the tax on a limited number of cars from the 27-nation bloc with an import price of more than 15,000 euros ($17,739),

Scientists Intrigued by Unfamiliar Life Form

It’s a plant! It’s a fungus! It’s… an entirely new type of lifeform hitherto unknown to science?
That appears to be the case for a puzzling, spire-shaped organism that lived over 400 million years ago, according to a new study published in the journal Science Advances. After ****** yzing its internal structures, the authors argue that the mystifying ancient beings known as prototaxites don’t belong to any of the existing biological kingdoms.
“It feels like it doesn’t fit comfortably anywhere,” Matthew Nelsen, a senior research scientist at the

Tax refunds are expected to be huge this year. How to get yours ASAP.

Tax refunds are expected to be huge this year, so many Americans may want to know the fastest way to get their hands on theirs is by free, electronic direct deposit.
Every year, tax refunds mark the biggest payday of the year for millions of Americans. Typically, 75% of Americans receive refunds each year. The average refund in 2025 was $2,939, IRS data showed. This year, refunds could be as much as 30% more due to new provisions from President Donald Trump's mega tax and spending bill, according to James Knightley,chief

Bitcoin Reclaims $90K as U.S. Bid Returns

Bitcoin broke the psychological $90,000 barrier on Friday, trading at $90,742 (+3.2%) during the New York session, effectively snapping a Q4 2025 trend where U.S. trading hours were dominated by selling pressure.
The reversal reflects the end of end-of-year tax-loss harvesting that drove Bitcoin down 23% in Q4.
Buying volume accelerated at 09:30 ET, contrasting sharply with the “4 p.m. sell-off” pattern observed throughout December. CoinGlass data show futures open interest jumped 2.16% to $130 billion in the last 24 hours, indicating renewed leve

San Francisco blackout raises concerns about robotaxi reliability in a crisis

By Abhirup Roy
SAN FRANCISCO, Dec 27 (Reuters) - A widespread power outage in San Francisco that led to Waymo robotaxis stalling and snarling traffic earlier this month has raised concerns about the readiness of autonomous vehicle operators to tackle major emergencies like earthquakes and floods.
Driverless taxis from Alphabet unit Waymo, a ubiquitous feature on the city's streets, were stuck at intersections with their hazard lights turned on as traffic lights stopped working following a fire ‌at a PG&E substat

This article first appeared on GuruFocus.
Bitcoin (BTC-USD) is entering the final stretch of the year under pressure, with a roughly 30% slide from its all-time high creating conditions advisers say could be driving heavier tax-loss harvesting than in prior years. While Bitcoin is down about 5% year-to-date, the S&P 500 (SPY) has risen roughly 18% over the same period, a divergence that advisers say is encouraging investors to sell underwater crypto positions to potentially offset equity gains before Dec. 31, particularly for purchases made near October's peak. Some advisers note that tax-los

U.S. spot Bitcoin ETFs have recorded eight consecutive days of institutional selling, with total outflows reaching approximately $825 million as year-end tax strategies dominate market behavior.
According to **** yst Alek, the sustained selling pressure stems primarily from tax loss harvesting.
He claimed it is a temporary phenomenon expected to conclude within the coming week, alongside de-risking ahead of Bitcoin’s quarterly options expiry.
On December 24 alone, U.S. spot Bitcoin ETFs witnessed net outflows of $175 million, with BlackRock’s IBIT leading the exodus at $91.37 million.

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The raging debate in Washington D.C. over the rising cost of living was front and center at the Potrero Power Station on Friday as California U.S. Sen. Adam Schiff used an affordable housing complex there as the backdrop to announce legislation that he said would bring a housing construction boom similar to the one seen after World War II.
The 48-page legislation - a long-shot because it will need Republican support in order to pass - is called the Housing BOOM (Building Occupancy Opportunity for Millions) Act. It proposes a massive expansion of the 9% federal low-income housing tax credits u

Obamacare anxiety rising among House GOP centrists: 'To do this is buffoonery'

Frustration is mounting among moderate House Republicans as various competing health care plans appear to be going nowhere, with less than 10 working days left on the calendar before millions of Americans see their health insurance premiums spike.
A small but animated group of GOP centrists is imploring party leaders to extend the ObamaCare tax credits set to expire at the end of the year. But they’ve run into a wall of opposition from Speaker Mike Johnson (R-La.), who’s cold to the idea, and a larger group of c

ONAWAY, Michigan — A recent decision by President Donald Trump to deny disaster aid to two electric utilities in rural northern Michigan could cost residents tens of millions of dollars.
The Oct. 22 denial is a striking example of how Trump’s cuts to disaster aid — and his vow for deeper reductions next year — threaten to shift billions of dollars in costs from federal taxpayers to households struggling to rebuild. In this case, it would hit a working-class region that voted overwhelmingly for the president last year, helping him win the crucial swing state.
Those households could now face t

Rachel Reeves’s tax and spend policies is destructive. We need a serious growth plan

https://www.telegraph.co.u...

Foreign tourists will pay $100 more at top U.S. national parks in 2026

It’s going to get much more expensive for international travelers to visit some of America’s most popular national parks.
Starting Jan. 1, 2026, "nonresidents without an annual pass will pay a $100 per person fee to enter 11 of the most visited national parks, in addition to the standard entrance fee," the Department of Interior announced on Nov. 25, among other changes.
"These policies ensure that U.S. taxpayers, who already support the National Park System, continue to enjoy affordable access, while international vis

Growing skepticism around GOP's plan to go all in on health savings accounts

Republicans facing voter ire over spiking health premiums are resurrecting one of their favorite ideas: Give people power to pay for medical care on their own, with tax-free dollars in individual health savings accounts.
The GOP is toying with the idea of taking federal subsidies that currently help people buy Affordable Care Act insurance and diverting some of the money into individuals’ HSAs, although passing legislation without help from Democrats is a tall order with Republicans’ slim Senate and House majoriti

HONG KONG (AP) — An unmanned, oval-shaped craft from flying taxi maker EHang hovers, whirring noisily like a mini-helicopter over a riverside innovation zone on the outskirts of the southern Chinese business hub of Guangzhou, part of a trial of a mini-flying taxi that once might have been found only in sci-fi films.
In nearby Shenzhen, food-delivery drones already are part of daily life and a novelty attraction for tourists, even if such services cost more. In the waterfront park surrounded by high-rises, Polish tourist Karolina Trzciańska and her friends ordered bubble tea and lemon tea by p

Federal judge bars IRS from sharing taxpayer info with immigration officials

A federal judge on Friday barred the IRS from sharing tax return information that immigration officials aimed to use to deport undocumented immigrants, saying the practice violated a taxpayer confidentiality law.
U.S. District Judge Colleen Kollar-Kotelly, a Washington-based Clinton appointee, ordered the tax agency not to disclose the confidential address information of tens of thousands of undocumented taxpayers to Immigration and Customs Enforcement until the court can review the case further.
Kollar-Kotelly a

GOP lawmakers clash as Trump blocks Obamacare tax credit extension

WASHINGTON — Inside a closed-door meeting of House Republicans on Tuesday, Rep. Jen Kiggans, a swing district member who is a linchpin of the party’s narrow majority, stood up and made a plea.
“Doing nothing on health care is not the right answer,” the Virginia Republican later told NBC News, summing up her message to colleagues. “I would really appreciate if we could have a timeline because we know that the end of the calendar year is coming, and I don’t want to see people’s premiums go up. I don’t want to see people lose

Europe’s economy is expected to outpace Britain’s next year as the UK reels from Labour’s tax rises and braces for more.
The EU economy will expand 1.4pc in 2026, according to new Brussels forecasts – powered by Poland and Spain.
The compares with a forecast of 1.2pc growth for the UK economy, according to the Bank of England.
Threadneedle Street has said Rachel Reeves’s decision to raise employers’ National Insurance has weighed on the economy and warned earlier this month that fears over another tax raid in the upcoming Budget were likely to hit growth well into 2026.
The EU expects infl

Your 2026 tax return could look very different. Here's what's changing.

(NEXSTAR) – After several key changes in 2025, experts are advising taxpayers to start preparing for the coming year now to avoid any costly mistakes.
“Taking action before the end of this year can be a huge benefit to your financial health in 2026,” Dan Snyder, director of financial planning with the American Institute of CPAs (AICPA), said in a news release. “There have been many changes in the tax and financial planning ****** e this year and now is the time to educate yourself and make changes that can affect your

After two years of robust growth fueled by military spending on the war in Ukraine, Russia’s economy is slowing. Oil revenues are down, the budget deficit is up and defense spending has leveled off.
The Kremlin needs money to keep its finances steady — and it’s clear where President Vladimir Putin intends to get it: at the cash register, from ordinary people and small businesses.
An increase in value-added tax to 22% from 20% is expected to add as much as 1 trillion rubles, or about $12.3 billion, to the state budget. The increase is contained in legislation already making its way through Ru

How long can Russia sustain its current spending?
Why is Russia increasing VAT and other taxes?
What specific tax changes will affect ordinary Russians?
What's driving Russia's current economic slowdown?
After two years of robust growth fueled by military spending on the war in Ukraine, Russia’s economy is slowing. Oil revenues are down, the budget deficit is up and defense spending has leveled off.

https://finance.yahoo.com/...

if you taxed 80% it wouldn't even be news....

Get over the tax thing lol

at the least, and for one, wars, and weapons manufacturing are perfect business for high profits off public tax budgets for the rich people

the same with the business of fear and scare
that is used to control and rule over populations, while exploiting them economically

What a heartless government.
The proposed reduction in the income tax rates is a joke with the salaried persons," remarked Syed Naveed Qamar, chairman of the standing committee and former finance minister.
Tribune ePaper: Business News Paper, ePaper Online https://tribune.com.pk/epa...

https://tribune.com.pk/epa...

" Le Sénat examine jeudi la proposition de loi portant sur la taxe Zucman, qui veut fixer un impôt minimal de 2% sur les patrimoines dépassant 100 millions d'euros. "Une loi qui vient simplement mettre en conformité notre principe constitutionnel d'égalité devant l'impôt",

I am actually enjoying it, thank you — as an essential daily hiker, traveling wherever my feet may lead me. Today, the pleasant weather allowed me to hike from the Robinsons Nova parking lot to QC Hall to settle my property tax. Without the joy of the journey, I would likely be

Swinney is so concerned he buys Chinese buses and is taxing business out of Scotland

Up to 400 jobs are at risk at Falkirk and Larbert as the firm considers moving operations to Yorkshire.

Source: BBC News

Senate Republicans are proposing to sell off up to 3.3 million acres of federally owned land in 11 Western states, according to a draft legislative text offered as part of their spending and tax cut bill.

Associate Director at Ernst & Young LLP, Robert Maina, states that some individuals choose not to declare their business revenue to evade tax payments

Read more news updates:
https://thekenyatimes.com

https://thekenyatimes.com