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3129 results for "tax revenue"
Tanzania's new petroleum tax system requires payment before fuel hits the market, ending widespread evasion and ensuring fair competition. The industry-backed reform is already helping the government collect revenue faster while leveling the playing field for honest businesses.
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South Africa just cancelled a massive $1 billion tax increase planned for 2026, thanks to stronger collections from everyday spending and booming gold prices. Taxpayers can breathe easier knowing the government found a better path forward.
A Nigerian state just proved governments can multiply revenue without squeezing taxpayers harder. Enugu's strategy focused on reviving old assets and recovering natural resources instead of raising taxes.
Nigeria just ended roadside tax checkpoints and cash payments as part of sweeping reforms to make taxation fairer and more transparent. Small businesses earning under $7,000 annually are now completely exempt from taxes.
Albuquerque used recreational marijuana tax money to fund a yearlong guaranteed income program that helped 42 young people stabilize their finances. Participants saved 26% more and improved their credit scores without any restrictions on how they spent the money.
A new bill could eliminate federal income tax on the first $75,000 earned by most American households, putting thousands back in workers' pockets each year. The Keep Your Pay Act would cut the typical family's federal income tax by 85% while expanding credits for children and working families.
Nigeria's commercial capital just posted record-breaking tax revenue that's double what some oil-producing states earn. The city-state's success shows how good governance can fuel progress without depending on natural resources.
Enugu State in Nigeria raised its internally generated revenue by 125% in 2025, reaching $244 million by focusing on reviving unused assets instead of raising taxes. The state now targets an ambitious $522 million for 2026 while actually planning tax cuts.
Kenya's government slashed fuel taxes by half for two months, forgoing $70 million in revenue to protect families and businesses from soaring global oil prices. The tax relief cut VAT on petroleum from 16% to 8% between April and May 2026.
Millions of Americans filing their 2026 taxes can claim new deductions that could save thousands, including breaks on tips, overtime, and car loan interest. The average tax refund is up nearly 11% this year, putting more money back in people's pockets.
Liberia's tax authority turned taxpayer appreciation into community action, delivering over $5,000 in medical supplies to a busy health center. The donation shows how tax dollars cycle back to strengthen the communities that fund them.
Australia's government just closed a loophole in its housing tax reform that would have unfairly punished people inheriting property from a late or former spouse. The fix ensures widows, widowers, and domestic violence survivors won't lose tax benefits when they're already facing life's hardest moments.
African nations could gain $469 billion in annual revenue through smarter tax systems, not higher rates. The key is digital tools and better service delivery.
Tanzania is raising taxes on cigarettes and sugar to help pay for universal health insurance, turning harmful habits into healthy futures. The new levies are expected to generate billions for healthcare access across the country.
Nigeria's new tax law gives freelancers and workers a crucial 30-day window to contest unfair tax assessments before they become final. The reform aims to bring millions into the formal tax system while protecting their right to accurate billing.
Australia just closed a loophole that let tech giants dodge paying for journalism. Under new draft legislation, Meta, Google, and TikTok must pay news publishers or face a 2.25% tax on local revenue.
Nigeria is dismantling illegal roadblocks that have forced drivers to pay unofficial taxes, making everyday goods cheaper for millions. Police are now teaming up with tax authorities to prosecute anyone collecting money on the roads.
Trained volunteers across Topeka are helping people who can't afford tax preparation services file their returns completely free. With tax season ending next week, the VITA program continues serving families who need support navigating tax season.
The Dutch government is ditching a controversial tax plan that would have forced start-up investors to pay taxes on unrealized gains. After mounting pressure from entrepreneurs and investors worldwide, officials are creating a fairer system focused on innovation.
After three decades on Spain's tax haven blacklist, Gibraltar has been officially cleared thanks to proven tax cooperation and transparency reforms. The move recognizes real progress in international tax standards and marks a turning point in relations between the two territories.
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