TaxDeduction

New York Politician Advocates for Increased SALT Cap to Alleviate Tax Burden for Residents

5 months ago

In a significant move aimed at addressing financial concerns for taxpayers in New York, Congressman Mike Lawler has voiced strong support for raising the state and local tax (SALT) deduction cap. This cap, which was limited to $10,000 by the Tax Cuts and Jobs Act enacted in 2017, has become a contentious issue for many residents burdened by high state and local taxes.

Italy Aims for €4 Billion Revenue Boost with Strategic Tax Rate Deductions

8 months ago

Italy's government is implementing a bold fiscal plan that targets €4 billion in additional revenue by overhauling corporate tax rates. This move is aimed at increasing the contributions of large firms to the country’s economy while fostering a more competitive environment for businesses. The initiative aligns with Prime Minister Giorgia Meloni’s administration focus on strengthening Italy's position within the European Union and enhancing overall economic growth.