Taxes

Union Asopetrol warned that Ecopetrol faces financial suffocation from its first-quarter 2026 profit drop. High taxes and peso revaluation were cited as key factors.

13 मई 2026 AI द्वारा रिपोर्ट किया गया

President Luiz Inácio Lula da Silva signed a provisional measure on Tuesday eliminating the 20% federal tax on international purchases up to US$ 50 from platforms in the Remessa Conforme program. Companies including Amazon, Shein, Shopee, AliExpress, Magazine Luiza and Mercado Livre have already removed the charge. The change reverses a 2024 Congress decision.

Despite the fuel tax discount, prices in Germany have risen again after an initial drop. ADAC and the Federal Cartel Office criticize that the 17-cent-per-liter tax cut is not fully passed on to consumers. Oil companies and associations dispute this.

04 मई 2026 AI द्वारा रिपोर्ट किया गया

Virginia Governor Abigail Spanberger has expressed openness to considering Democratic tax proposals on services like gym memberships, streaming subscriptions, and dry cleaning. The bills, introduced earlier this year, stalled in the General Assembly without a vote. Spanberger campaigned on affordability but emphasized discussing revenue options amid economic changes.

One week after initial PDG meetings on President José Antonio Kast's megarreforma, his government clarified that the new deal with the Partido de la Gente (PDG) to approve the Reconstrucción Nacional megaproyecto excludes the promised 12.5% SME tax rate—for a future bill—sparking brief backlash before resolution. Tensions persist with the Partido Nacional Libertario.

22 अप्रैल 2026 AI द्वारा रिपोर्ट किया गया

Treasury Secretary Scott Bessent defended the Trump administration's decision to end the IRS's Direct File program during a Senate hearing on April 22. He argued that the service, touted as free for users, actually cost taxpayers $72 million annually to serve about 300,000 people. Senator Chris Coons questioned the move, while Bessent highlighted private alternatives.