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income tax

Harris vows to help home buyers, ban food price gouging in sweeping cost-of-living proposals

by Walter Watson
Harris vows to help home buyers, ban food price gouging in sweeping cost-of-living proposals

U.S. Vice-President Kamala Harris announced a sweeping set of economic proposals on Friday meant to cut taxes and lower the cost of groceries, housing and other essentials for many Americans. …

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Why 90% of refunds were inexplicably reversed

by Anas Siddiqui
Why 90% of refunds were inexplicably reversed

It’s been a week of 2024 tax chaos for SARS, following a systems error that led to tens of thousands of tax refunds needing to be reversed. The South African …

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WHAT to do if you’re unhappy with your 2024 tax refund

by Anas Siddiqui
WHAT to do if you’re unhappy with your 2024 tax refund

If you’re unhappy with your 2024 tax refund, the good news is you do have recourse with the South African Revenue Service (SARS). For many, with relatively straightforward 2024 tax …

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WHY you absolutely should file a 2024 tax return if you earn less than R500k

by Anas Siddiqui
WHY you absolutely should file a 2024 tax return if you earn less than R500k

As most South Africans are aware, the window for non-provisional taxpayers to submit a 2024 tax return opened on Monday 15 July 2024. And the deadline runs until Monday 21 …

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Yellen blasts Trump tariff proposal

by Vera Ward
Yellen blasts Trump tariff proposal

Treasury Secretary Janet Yellen criticized former President Trump after he suggested replacing some of the United States’s income taxes with higher tariffs on imports to make up for lost revenue. …

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Trump’s ‘all-tariff policy’ would hurt American consumers, companies

by Anas Siddiqui
Trump’s ‘all-tariff policy’ would hurt American consumers, companies

(NewsNation) — Eliminating income taxes and shifting to an “all-tariff policy” would leave roughly a $2.1 trillion gap in government revenue, making daily costs skyrocket in turn, according to financial experts. …

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New York tax preparer charged in big tax fraud scheme

by Vera Ward
New York tax preparer charged in big tax fraud scheme

Damian Williams, U.S. Attorney for the Southern District of New York, speaks during a press conference in New York City, Sept. 22, 2023. Barry Williams | New York Daily News …

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90% of qualifying EV buyers get $7,500 tax credit as upfront payment

by Horatio Thompson
90% of qualifying EV buyers get ,500 tax credit as upfront payment

Maskot | Maskot | Getty Images The bulk of Americans buying qualifying new electric vehicles are opting to receive an associated tax credit upfront from the car dealer instead of …

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CRA pausing new ‘bare trust’ reporting requirement just days before filing deadline

by Anas Siddiqui
CRA pausing new ‘bare trust’ reporting requirement just days before filing deadline

The Canada Revenue Agency (CRA) is hitting pause on a new “bare trust” reporting requirement with just a few days remaining before the deadline. New reporting requirements for such trust …

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How SARS spends every R100 of taxpayer money in 2024

by Anas Siddiqui
How SARS spends every R100 of taxpayer money in 2024

The efficient utilisation of taxpayer money in 2024 by SARS is under the spotlight ahead of the General Election. As The South African has already elaborated on, the spending of …

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