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Financial Speculation Tax Could Cut Deficit - Latest News


Financial speculation tax could cut deficit

NEW YORK (CNNMoney.com) -- As the deficit debate in Washington grows increasingly noisy, a research group said Monday that a tax on financial "speculation" could help resolve some of the nation's thor... read more

Trump tax cuts carry a big price tag: Huge debt and risk of another financial crisis, budget office warns

The tax cuts championed by President Trump are helping push the nation toward an unprecedented level of debt, heightening the risk of another financial crisis ... It is estimated to increase the defic... read more

Ending austerity could push UK tax to highest since 1940s - IFS

“It’s going to be very hard, for all sorts of very obvious reasons, for anything very substantial in terms of tax ... budget deficit last year was the lowest since the 2001/02 financial ... read more

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Calling Wall Street A ‘Gambling Casino,’ Democratic Rep. DeFazio Proposes Financial Transactions Tax

The tax could help shrink the deficit — its previous iteration was estimated to add $150 billion a year to federal coffers — and spare Social Security, Medicare and other programs from jarring cuts .. ... read more


Scott Morrison sets small business tax cut test for Labor

As revealed by The Australian Financial Review, the government will bring ... economy to fund such initiatives as bringing forward the company tax cuts. There remains speculation it could also bring f... read more

Wall Street Speculation Tax: A Way to Address Corruption

A small tax on flipping stock, options, credit default swaps and other derivative instruments would drastically reduce the size of these markets, thereby reducing the opportunities for market manipula... read more

Tax law fails to kill off Corporate America’s prized dodge

That’s a blow to Republicans’ plans, which had intended for the law’s corporate rate cut and overhaul of international ... filings that any change in Ireland’s tax rates could be material to their fin... read more

Obama Plans to Cut Deficit in Half by 2013

The statement did not name any specific banks or respond to reports that the government was considering increasing its ownership of Citigroup Inc. The White House just last week downplayed persistent ... read more

Government ups import duty on telecom gear to trim trade deficit

This is the second round of duty increase in as many weeks to cut ... tax partner at consulting firm EY. India's telecom equipment imports were estimated at close to $22 billion during the last ... read more

500 Wolverhampton Council jobs could go as authority seeks £28 million savings

Up to 500 people employed by Wolverhampton Council could lose their jobs Up to 500 jobs are set to be axed at Wolverhampton Council as the authority faces its 'most significant financial challenge eve... read more

Italy approves deficit-hiking budget, awaits EU's verdict

The government of the right-wing League and the anti-establishment 5-Star Movement had already issued the financial framework for the budget, raising the target for next year’s deficit to 2.4 ... read more



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