taxes

Certificates of deposit (CDs) are a valuable tool for diligent savers. CDs allow you to earn higher interest rates than you would with a traditional savings account, and your returns are guaranteed at a fixed rate for the life of the…

The owners of 12 Pennsylvania casinos have asked the state's highest court to declare a tax on slot machine revenue unconstitutional because the state does not widely impose it on electronic gaming terminals that pay for cash, known as…

The Kenya Revenue Authority has sent letters to dozens of businesses notifying them of overdue VAT balances accumulated before the introduction of iTax in 2014, which could hit those unable to provide proof of payment with invoices…

Taxes on salaries, wages and benefits paid to workers rose by single digits in the fiscal year just ended, underscoring the tightness of the labor market as decent formal jobs shrink amid a freeze in wage increases in most sectors. The…

Spending on furniture ordered from foreign countries by Kenyan traders and households has continued to grow at double digit rates despite increased taxes and government directives requiring agencies to cut imports. About Sh8.69 billion…

Jessops, the 89-year-old camera retailer owned by Dragons' Den star Peter Jones, is on the verge of closure after HMRC issued a winding-up petition for the company over non-payment of taxes. The development marks a critical turning…

Economists from Capital Economics predict that Labor could benefit from a £16bn spending boost if it wins the next general election, thanks to updated forecasts from the Office for Budget Responsibility (OBR). This potential…

A Florida lawmaker has introduced a bill that would give the green light to Bitcoin as an approved payment method for federal taxes. On Tuesday, Republican Representative Matt Gaetz proposed a bill that would allow US citizens to settle…

The Kenya Revenue Authority (KRA) has failed to collect more than Sh150 billion in taxes, as 3,674 taxpayers, most of them major companies, failed to report business transactions worth nearly half a trillion shillings, exposing the scams…

The National Assembly Finance Committee bowed to pressure from various stakeholders and dropped a number of controversial provisions in the 2024 Finance Bill, even as Kenyans took to the streets in Nairobi on Tuesday morning to protest…