France to end palm oil tax breaks after outcry

It is the first time a budget has been rejected in Portugal since the country's transition to democracy in 1974. The move ends six years of relative stability under Prime Minister Antonio Costa.

Billionaires only have to pay tax on appreciated assets when they sell them, but a new legislative proposal could change this. The tax revenues could then be used to fund President Joe Biden's social spending plans.

The global minimum tax is supposed to bring tax justice. But not even half of Africa's countries are on board. Kenya and Nigeria have backed out amid uncertainty over how much the measures would benefit poor countries.

Leaders of G20 nations endorsed a landmark deal to establish a global minimum tax rate. They were, however, at odds on issues like coronavirus vaccines and fighting climate change.

A British woman has won her case after she paid significantly higher taxes than Australian locals while employed as a waitress on a working holiday visa.

With the US House of Representatives moving towards a vote on a $1.75 trillion social spending and climate package, the country could see a string of new tax hikes. Also, eco-friendly fashion designers hope to change a sector known for a heavy carbon footprint and enthusiasts of NFTs (non-fungible tokens) meet up in New York City.

The Pakistani parliament has approved the law against sexual assault to allow courts to order chemical castrations — a punishment rights groups and lawyers called cruel.

The new German parliament has elected Olaf Scholz as chancellor as Angela Merkel departs after 16 years at the helm of Europe's largest economy. He is now scheduled to be sworn in, along with a new Cabinet.

Lawmakers in the United States have voted to raise the government's borrowing limit by $2.5 trillion, narrowly avoiding a catastrophic default. The Senate passed the measure 50-49. The new debt ceiling will give the US government enough space to borrow until 2023, after the midterm elections. Focus in Washington will now return to whether President Joe Biden can get his $1.75 trillion social spending plan, "Build Back Better", passed by the end of the year.

Germany's parliament on Wednesday began a debate on a possible wide-ranging coronavirus vaccine mandate, with three main options on the table so far: obligatory vaccinations for all adults, just for everyone 50 and above, or no mandate at all.

State governors in Nigeria are targeting a 200 per cent increase in the country’s aggregate tax revenue through a collaboration with the Joint Tax Board on an initiative called Data for Tax.

Police and protesters have clashed for a second time outside Parliament as plans for new infrastructure projects, funded by the United States, were debated by lawmakers.