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Keywords: Tax


House Republicans push Trump’s ‘big beautiful bill’ through despite internal divisions

House Speaker Mike Johnson faced significant challenges rallying Republican lawmakers to pass President Donald Trump’s signature “One Big Beautiful Bill Act,” a sweeping tax and spending package that narrowly cleared a procedural hurdle in the early hours of Thursday morning. The legislation,......

Hakim Ziyech Faces $720,000 Tax Dispute in Turkey as Galatasaray Takes Responsibility

Moroccan footballer Hakim Ziyech is embroiled in a financial controversy in Turkey, with Turkish authorities revealing an unpaid tax debt of approximately $720,000. The issue stems from Ziyech’s tenure with Istanbul-based football club Galatasaray, which he left during the 2023–2024 winter......

Senate debates Trump’s expansive tax and spending bill

The United States Senate has launched an intensive debate over President Donald Trump's 940-page economic proposal, dubbed the “Big, Beautiful Bill.” The legislation offers significant tax cuts and deep reductions in healthcare and food assistance programs, prompting heated discussions......

Canada Drops Digital Tax to Restart Trade Talks With Trump

Canada has decided to withdraw its digital services tax in an effort to revive trade negotiations with the United States, following a halt initiated by President Donald Trump in response to the proposed levy. Prime Minister Mark Carney announced on Sunday that he and Trump have reached an agreement......

Morocco’s tax revenues surge to MAD 220 billion in 2024, driven by digital reforms

Morocco's tax revenues reached unprecedented levels in 2024, with net collections amounting to MAD 220.52 billion ($24.23 billion), as revealed by the General Directorate of Taxes (DGI) in its annual report. This figure marks a 16% increase from the previous year and represents 111% of the targets......

Understanding Socimis and their role in Spain's housing crisis

Real estate investment trusts (Socimis) are increasingly at the center of Spain's housing debate, especially as the government implements new tax measures aimed at addressing the worsening housing crisis. While many may not be familiar with Socimis, they play a significant role in the property market,......

Trump's 68% tax hike claim challenged by experts

US President Donald Trump has raised alarms about a potential 68% tax increase if Congress fails to approve his comprehensive tax and spending proposal, the "One Big Beautiful Bill Act." In statements made on June 5 and throughout May, Trump emphasized the urgency of passing the bill. However,......

Elon Musk expresses regret over controversial posts about Donald Trump

Billionaire Elon Musk has publicly admitted to regretting some of his recent posts about former US President Donald Trump, which escalated tensions between the two high-profile figures. Speaking on his social media platform, X, Musk said, “I regret some of my posts about President Donald Trump......

Trump warns Musk of consequences over potential Democratic support

US President Donald Trump has issued a stern warning to billionaire Elon Musk, cautioning him against supporting the Democratic Party. In an interview with NBC News, set to air on Sunday, Trump stated, “If he does that, he will pay the price.” The statement marks a sharp escalation in the......