CapitalGainsTax

UK Chancellor Reeves Raises Capital Gains Tax: A Strategic Move for Competitiveness

2 months ago

In a significant fiscal announcement that has captured the attention of investors and economists alike, UK Chancellor of the Exchequer Rachel Reeves has unveiled plans to increase the capital gains tax. This decision aims to bolster public finances while affirming the UK’s commitment to maintaining a competitive investment landscape.

UK's Wealthiest Make Urgent Plea to Labour Before Budget Battle

2 months ago

As the UK approaches a pivotal budget showdown, the ultra-wealthy are making their voices heard, pleading with the Labour government to reconsider planned tax increases. In an unprecedented move, financial magnates and real estate tycoons are rallying together to urge Labour not to impose additional financial burdens in the upcoming fiscal announcement scheduled for early November 2024.

Quebec's Finance Minister Dismisses Concerns Over Capital Gains Tax Increase Impact on Investment

2 months ago

In recent developments surrounding Quebec's economic landscape, the province's Finance Minister, Eric Girard, has expressed strong confidence that an anticipated hike in capital gains tax will not hinder investment inflows. This statement comes amid discussions around tax reform as the region seeks to enhance its fiscal environment while managing public spending and deficit reduction.

Italy to Increase Capital Gains Tax on Bitcoin to 42%: A Major Shift in Cryptocurrency Regulation

2 months ago

In a significant policy change, Italy has announced plans to increase its capital gains tax on cryptocurrency transactions, specifically targeting Bitcoin. The tax rate will escalate from the existing 26% to a striking 42%, effective from 2024. This move is part of Italy's broader effort to tighten its grip on digital assets following a surge in investments and trading activities driven by the cryptocurrency boom.

Canada's Capital Gains Tax Revenue Expected to Decline, C.D. Howe Institute Reports

2 months ago

The C.D. Howe Institute has recently published a report indicating that Canada’s capital gains tax is projected to generate significantly less revenue in the coming years. This analysis presents a complicated picture for the Canadian economy as investors and policymakers alike must navigate the shifting landscape of taxation and investment strategies.

New Zealand Business Leaders Plead for Prompt Action on Budget Deficit and Capital Gains Tax

3 months ago

In urgent measures that are needed in an attempt to try to rein in the burgeoning budget deficit, business leaders across New Zealand have called on the government for the need of a capital gains tax. Together, the country's business leaders expressed their growing concern as economic conditions start to bear down on the Kiwi economy.