US President Joe Biden to propose increasing taxes on wealthy
23 April 2021 | 11:01 am
The Biden administration plans to propose tax hikes on high-income earners, including a near-doubling of the rate paid by wealthy investors. The move isn't a surprise, but it still has investors feeling jittery. Also, with the latest mission to the International Space Station underway, we take a look at how Elon Musk's SpaceX has edged out the competition in the space race.
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Federal Reserve raises key interest rate 0.75% as it tries to calm inflation. The Federal Reserve said on Wednesday that it is raising its benchmark interest rate by three-quarters of a percentage point, the sharpest hike since 1994, as it seeks to combat the fiercest surge in U.S. inflation in four decades.
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Tax revenues could make a vital contribution to the development of African countries. But the untapped informal sector, also known as the shadow economy, and inadequate collection of taxes stand in the way.
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