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Hong Kong Is Months Behind on Tax Collection
Hong Kong is behind on its taxes.
Investors Give Nod to Worst-Rated Illinois With Revenue Growing
As Governor J.B. Pritzker nears his one-year anniversary in office, investors are signaling that Illinois is making some gains even as the worst-rated state grapples with rising pension debt and the
Costa’s Budget to Pass in Portugal With Left Bloc Abstaining
Portuguese Prime Minister Antonio Costa’s 2020 budget is set to pass in an initial vote in parliament on Friday after the Left Bloc joined other parties in announcing it will abstain.
Chile’s Fiscal Outlook Worsens as Mass Unrest Slashes Tax Take
The outbreak of mass unrest in Chile will slash the government’s 2020 revenues by $3 billion, according to a top budget official, further weakening the nation’s fiscal position which was already
Arms Race of Election Pledges Comes Too Late for Many in U.K.
Britain’s decade of austerity is coming to an end as politicians pursue an arms race of spending pledges before next month’s election. For the 90,000 or so people of Hartlepool, relief will be too
Fossil fuel de-addiction may wipe out a big chunk of India’s government revenues
Taxes on fossil fuels amounted to $86 billion in 2017.
Johnson’s Brexit Deal Seen Leaving U.K. Economy 3.5% Smaller
Boris Johnson’s Brexit deal would leave the economy 3.5% smaller in the long run and policy makers at the Bank of England should start thinking about an interest-rate cut, according to the National
Modi’s UDAY scheme hasn’t helped Indian power firms, instead it’s wrecking state finances
Discoms' debt to touch Rs2.6 lakh crore by March 2020.
Budget Realities Pressure South Africa to Stop Policy Dithering
South Africa’s government has spent months mostly talking about how to save the debt-stricken state power utility Eskom Holdings SOC Ltd., spur economic growth and get its shaky finances back on
Elizabeth Warren Proposes Steep Lobbying Taxes on Top U.S. Companies
Elizabeth Warren on Wednesday unveiled details of a tax on lobbying that would cost some of the biggest U.S. corporations hundreds of millions of dollars.
Sanders, Warren Compete for Who Can Tax Billionaires the Most
Senator Elizabeth Warren’s wealth tax proposal is big. Senator Bernie Sanders’ is about 60% bigger.
Germany Ready to Raise Debt If Recession Hits, Spiegel Reports
Germany’s government is ready to run a budget deficit if Europe’s largest economy collapses, magazine Der Spiegel reported.
Puerto Rico Revenue Tops Forecasts by $1 Billion Despite Turmoil
Puerto Rico’s revenue outstripped its forecasts by $1.1 billion in the fiscal year that ended June 30, giving the bankrupt island a cash boost as it faces a succession crisis over whether Governor
A Gas Heist Gone Wrong, an Explosion, and 137 Deaths in Mexico
A fatal fuel leak at a Pemex pipeline highlights the dangers of the illegal siphoning trade.
‘We Are Part of the Problem’: Billionaires and Heirs Demand Wealth Tax
They’re an eclectic bunch -- some of the nation’s most privileged heirs alongside entrepreneurs who have made spectacular fortunes in real estate, finance and Silicon Valley. But collectively they’re
New York Lawmakers Pass Bill to Decriminalize Small Amounts of Marijuana
New York lawmakers decriminalized small amounts of marijuana after failing to agree on a comprehensive package that would have fully legalized the drug and provided revenue for social programs.
Pot Advocates Blame Cuomo for Demise of Legalization in New York
New York lawmakers failed to agree on how to legalize marijuana, dealing a setback to Governor Andrew Cuomo’s progressive agenda. Advocates said Cuomo and the state’s legislature didn’t appreciate the
Trump Awards Medal to Controversial Tax-Cut Champion Laffer
History hasn’t exactly put the “Laffer Curve” on a pedestal, but Donald Trump nonetheless bestowed the nation’s highest civilian honor on its namesake on Wednesday, the inspiration behind decades of
The Only Option for Eskom Is One South Africa Can't Afford
South Africa simply has to rescue the nation’s distressed power utility. Even though it can’t afford to.
How Colorado Spent Its $1 Billion in Weed Money
Since 2014, the Marijuana Tax Cash Fund has largely gone toward education.