Tag: Taxes
Bank of England is set to cut interest rates despite potential new inflation worries
LONDON -- The Bank of England is set to cut interest rates later Thursday for the second time in three months, as inflation...
Financial market worries over the UK budget appear to ease
LONDON -- Worries about this week's tax-raising U.K. budget within financial markets appeared to ease Friday with the interest rates charged on British...
IRS announces pension and retirement plan contribution adjustments for 2025
The IRS has announced an increase to the amount individuals can contribute to their 401(k) plans in 2025, to $23,500, up from $23,000...
Apple's iPhone sales bounce back from recent slump amid AI expansion, but stock still dips
SAN FRANCISCO -- Apple snapped out of a recent iPhone sales slump during its summertime quarter, an early sign that its recent efforts...
UK Treasury chief admits business tax rise could lead to lower than anticipated wages
LONDON -- U.K. Treasury chief Rachel Reeves conceded Thursday that wages may rise by less than previously thought as a direct result of...
Massachusetts ratepayers to pay extra $512M for transmission line for Canadian hydropower
PORTLAND, Maine -- Three Massachusetts utilities and Central Maine Power’s parent company have agreed that Massachusetts ratepayers must shoulder $512 million in additional...