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03 Oct 2022

Liz Truss takes u-turn, scraps tax cut for wealthy that sparked market turmoil

Liz Truss took office less than a month ago, promising to radically reshape Britain's economy to end years of sluggish growth. But the government's September 23 announcement of a stimulus package that includes 45 billion pounds (USD 50 billion) in tax cuts, to be paid for by government borrowing, sent the pound tumbling to a record low against the dollar.

21 Nov 2017

Donald Trump promises Americans 'huge tax cut' for Christmas

President Donald Trump on Tuesday promised a tax overhaul by Christmas, even as a nonpartisan tax analysis group said the Senate package would leave half of taxpayers facing higher levies by 2027.

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