Understanding Tariffs: Their Role and Impact on the Global Economy

Understanding Tariffs: Their Role and Impact on the Global Economy

Apr 28, 2025

In detail: President Trump has suggested that tax revenues from new tariffs could replace the federal income tax. This would require tariffs to reach historically high and broad levels and would constitute a large, regressive shift in who finances the federal government. In

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How Massachusetts Gained Wealthier Residents Despite a New Surtax

How Massachusetts Gained Wealthier Residents Despite a New Surtax

Apr 27, 2025

While many assume new taxes drive away the wealthy, Massachusetts has defied expectations with its recent surtax implementation. Despite the introduction of a 4% surtax targeting high-income earners, the state continues to see an influx of affluent residents. This article delves into how

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Annual Investment Allowance: Key Information for Entrepreneurs

Annual Investment Allowance: Key Information for Entrepreneurs

Mar 13, 2025

What is the Annual Investment Allowance (AIA)? The Annual Investment Allowance (AIA) is a vital component of the UK tax system, designed to encourage business investment in plant and machinery by providing significant tax relief. Introduced in 2008, the AIA businesses to deduct

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