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What is tax really for? Most people assume that governments need to collect tax before they can spend. But for a government like that of Read the full article...
Om 2026, the federal government is on track to spend $7.4 trillion, and $1.9 trillion–about one-quarter of the total–will be newly borrowed money. It’s one thing to have deficit sp...
Finland’s political parties have drawn sharp lines over tax rises and spending cuts as they prepare for the 2027 parliamentary election. The Left Alliance has presented measures wo...
Why do we pay tax? Most people believe taxation exists to fund government spending. But what if that is not actually its primary purpose? In Read the full article...
As the chancellor prepares for 28 October, we unpack the facts and figures – and the implications any changes could mean for youAs John Healey prepares his first budget as chancell...
Corporation tax receipts of €2.8bn were collected in August, a hike of €700m on the same time last year
Federal government debt is over $32 trillion, around the size of the nation’s annual economic output (its gross domestic product, or GDP). Debt levels this high mean US borrowing c...
If governments that issue currency don't need to tax, why do they do it?
Government should tax only to raise money for its essential functions. I support a thorough review of expenditures each year. A goal I share with proponents of this amendment is a...
John Healey warned Labour cannot afford a Tony Blair-style spending splurge yesterday as he tried to cool nerves about Budget tax hikes.
My View on … Tax Richard J Murphy October 2026 ____________________ This post is part of an ongoing series in which I set out my Read the full article...
Property taxes have been a hot topic at the North Carolina General Assembly. Responding to growing concerns from voters, in June 2026, the General Assembly approved legislation to...
Taxation must move from extraction to equity; parliament must determine tax policy rather than merely endorse revenue
President Trump’s call for a $5,000 “dividend” payment to all adult U.S. citizens is being widely criticized as fiscally unsound, grossly irresponsible, a cynical vote-buying schem...
the brutal truth today is that there is no money left for anything but, at best, the most growth focused tax cuts. Here is a test for the Conservative Party at next week’s party co...
Every so often, I’m asked what kind of things we should be looking for, as a society, when the legislature is in session and is considering different ways to beat money out of us....
Ireland was supposed to limit spending increases to 7% in 2026, but the Government is failing to meet its own already enormous target and using windfall taxes to cover the overrun.
“When Republicans ask voters to keep them in the majority, they frequently point to the most significant policy achievement of Trump 2.0 — the tax and spending cuts bill known as t...
As EU members face fiscal austerity under the revised Stability and Growth Pact, Ireland finds itself an outlier. In early October, Ireland’s government proposed a budget rife with...
Tax Foundation’s new resource, Options for Reforming America’s Tax Code 3.0, demonstrates that not all revenue-raising options are created equal—some do more harm to the economy th...
Entitlement spending, defense spending, and interest payments on the debt continue to climb.
Hear me out: this report is surprisingly compelling. Even as agriculture’s share of economic activity has declined in developed economies, those governments continue to support the...
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