taxes

Politics

Harris and Trump Agree That Tips Shouldn’t Be Taxed

Photo by Sam Dan Truong via Unsplash

Kamala Harris supports eliminating federal taxes on tips for service and hospitality workers, which Donald Trump also supports.

2 min read

Photo by Chris Czermak via Unsplash

International Economics

Italy Raises Tax on Wealthy Migrants’ Foreign Income by 100%

Italy doubled a flat tax on the foreign income of new residents, upping it from €100,000 to €200,000 annually.

1 min read
Photo by Harrison Fitts via Unsplash

International Economics

Spain Cans its Golden Visa Program

The government decided to end the program because of its impact on the country’s housing crisis.

2 min read
Photo by Gage Skidmore via CC BY-SA 2.0

Politics

Biden Administration Has Been a Net Tax-Cutter, Study Finds

A new report says the president has effectively lowered the nation’s total tax burden by $600 billion over his term so far.

2 min read

Big Tech

Tech Giants Win Regulatory Case in EU, But Tax Clouds Loom

(Photo by Chris Nagahama on Unsplash)

Meta, Google, and TikTok successfully argued that individual European countries can’t cook up their own laws for large digital platforms.

1 min read

(Photo by Aboodi Vesakaran on Unsplash)

International Economics

Ireland Is Launching a Sovereign Wealth Fund

On Tuesday, Ireland said it wants to leverage its corporate tax revenue from tech giants to create a sovereign wealth fund.

1 min read

Photo by Kārlis Dambrāns via CC BY-SA 4.0

International Economics

China Brings in Subsidies for Smartphones

On Friday, Beijing announced that a trade-in program that previously applied to big appliances and cars will now be widened to smartphones.

1 min read
Photo by David Vives via Unsplash

Private Equity

Will Private Equity Fuel a Big Year for IPOs?

As the New Year rolls in, Wall Street is preparing for a slew of listing announcements from private equity-backed firms.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Rawpixel via Freepik

Private Equity

All in the Franchise: Why Private Equity Loves the Business Model

It’s understandable if you failed to notice one meaty if unglamorous trend on Wall Street: Private equity’s love affair with franchising.

6 min read

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