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 illustration by Connor Lin / The Daily Upside, Photos by Vlad Yushinov and Choness via iStock

Consumer

Is the Restaurant Industry at the End of an Era?

Across-the-board inflation — including food costs, labor costs, and real estate costs — is pummeling restaurants. Can the industry survive?

6 min read
Photo by Nandaro via CC BY-SA 3.0

Media & Entertainment

2024: The Year Legacy Media Gave Up on Cable

In 2024, legacy media giants like Disney and NBCUniversal finally had enough with cable — and started making their own off-ramps.

1 min read
Photo by Ajay Suresh via CC BY 2.0

Media & Entertainment

2024: The Year YouTube Became TV

YouTube may have started off as a platform for small screens, but now it’s increasingly dominating the living room TV.

2 min read

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