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Technology

Chevron Seeks Massive Tax Relief in Texas for Dedicated Data Center Power Plant.

May 11, 2026 at 11:13 AM

Chevron is seeking a multi-million dollar tax abatement in Texas for a gas-fired power plant dedicated to a data center, potentially linked to Microsoft. The proposal has sparked debate over corporate incentives and infrastructure costs.

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Chevron Seeks Massive Tax Relief in Texas for Dedicated Data Center Power Plant
Image Credit : tnonline.com
United States
California Voters to Weigh Billionaire Tax Amid Looming Food Benefit Cuts
Image Source : jdsupra.com

California Voters to Weigh Billionaire Tax Amid Looming Food Benefit Cuts.

May 10, 2026 at 4:06 PM
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United States
New York State Faces Complex Hurdles in Crafting Controversial Luxury Property Tax
Image Source : theatlantic.com

New York State Faces Complex Hurdles in Crafting Controversial Luxury Property Tax.

May 8, 2026 at 6:33 PM
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United States
US States Move to Restrict Tax Breaks on Qualified Small Business Stock
Image Source : cnbc.com

US States Move to Restrict Tax Breaks on Qualified Small Business Stock.

May 8, 2026 at 11:34 AM
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Sri Lanka Consolidates Financial Sector Levies: Clarifying the 20.5% VAT Update
Image Source : ft.lk
Local News•
May 4, 2026 at 9:28 AM

Sri Lanka Consolidates Financial Sector Levies: Clarifying the 20.5% VAT Update.

Deputy Minister Nishantha Jayaweera clarifies that the shift to a 20.5% VAT for financial institutions starting July 1, 2026, is a consolidation of existing 18% VAT and 2.5% SSCL, rather than a tax hike, aimed at simplifying administrative processes.

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Local News

Sri Lanka Sets Roadmap to Abolish CESS Levies by 2029.

May 2, 2026 at 7:41 PM

Sri Lanka has unveiled a multi-year strategy to completely phase out the Commodity Export Subsidy Scheme (CESS) by 2029 to boost trade competitiveness and reduce industrial production costs.

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Sri Lanka Sets Roadmap to Abolish CESS Levies by 2029
Image Credit : sundaytimes.lk
Local News
Reflecting on the Premadasa Economic Model Amidst Current Fiscal Realities
Image Source : sundaytimes.lk

Reflecting on the Premadasa Economic Model Amidst Current Fiscal Realities.

April 30, 2026 at 6:55 PM
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Economy
Fiscal Stability Achieved: Revenue Expansion Powers Primary Surplus to 5.4%
Image Source : investopedia.com

Fiscal Stability Achieved: Revenue Expansion Powers Primary Surplus to 5.4%.

April 28, 2026 at 8:45 PM
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Economy
Kenya Adjusts Fiscal Strategy: Lower Tax Targets and Increased Borrowing Plans
Image Source : swalanyeti.co.ke

Kenya Adjusts Fiscal Strategy: Lower Tax Targets and Increased Borrowing Plans.

April 20, 2026 at 10:18 AM
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Navigating Sri Lanka's Economic Recovery: Beyond Taxation and Import Controls
Image Source : lankanewsweb.net
Economy•
April 18, 2026 at 10:23 PM

Navigating Sri Lanka's Economic Recovery: Beyond Taxation and Import Controls.

While Sri Lanka has achieved macroeconomic stability through tax hikes and import controls, long-term growth remains stalled. Experts argue for a shift from a control-based approach to a production-led strategy to ensure sustainable economic expansion.

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Economy

Citigroup Analysis: South Africa Holds Capacity for Additional Fuel Subsidy Extension.

April 16, 2026 at 3:12 PM

Citigroup suggests that South Africa maintains sufficient fiscal flexibility to extend its fuel tax relief measures for another two months to mitigate the economic impact of global oil market volatility.

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Citigroup Analysis: South Africa Holds Capacity for Additional Fuel Subsidy Extension
Image Credit : harveyorganblog.com
Finance

Strategic Tax Planning: How High-Net-Worth Individuals Are Preparing for 2026.

Following recent legislative shifts in the US tax code, wealthy investors are pivoting their strategies from estate tax mitigation to aggressive income and capital gains management. Key tactics include long-short tax-loss harvesting and leveraging bonus depreciation.

April 16, 2026 at 1:03 PM
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Economy
Mapping the US Tax Burden: Which States Take the Biggest Bite Out of Personal Income?
Image Source : businessinsider.com

Mapping the US Tax Burden: Which States Take the Biggest Bite Out of Personal Income?.

April 16, 2026 at 12:59 PM
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Finance
Strategic Use of Tax Refunds: Why More Americans Are Prioritizing Debt Reduction
Image Source : gobankingrates.com

Strategic Use of Tax Refunds: Why More Americans Are Prioritizing Debt Reduction.

April 16, 2026 at 10:36 AM
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Hong Kong Introduces Strategic Tax Incentives to Become a Global Commodity Trading Powerhouse
Image Source : discoveryalert.com.au
Business•
April 16, 2026 at 8:24 AM

Hong Kong Introduces Strategic Tax Incentives to Become a Global Commodity Trading Powerhouse.

Hong Kong is launching a major tax initiative to attract international commodity traders, slashing tax rates on eligible profits to 8.25% to boost its maritime and trade sectors amid global supply chain instability.

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Local News

Sri Lanka’s Inland Revenue Department Achieves Record-Breaking Tax Collection in Q1 2026.

April 10, 2026 at 8:07 AM

The Inland Revenue Department of Sri Lanka has posted a robust start to 2026, collecting over Rs. 606 billion in tax revenue, a 17.7% year-on-year increase, signaling strong economic momentum and improved compliance.

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Sri Lanka’s Inland Revenue Department Achieves Record-Breaking Tax Collection in Q1 2026
Image Credit : onlanka.com
Technology
The Tax Uncertainty Looming Over Prediction Market Profits
Image Source : defirate.com

The Tax Uncertainty Looming Over Prediction Market Profits.

April 7, 2026 at 9:07 AM
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Local News
Foreign Investors Urge Comprehensive Tax Reforms in Bangladesh Ahead of Budget
Image Source : unb.com.bd

Foreign Investors Urge Comprehensive Tax Reforms in Bangladesh Ahead of Budget.

April 7, 2026 at 1:16 AM
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Business
Wall Street vs. Tax Policy: Jamie Dimon Warns of Business Flight from High-Tax Hubs
Image Source : seattlered.com

Wall Street vs. Tax Policy: Jamie Dimon Warns of Business Flight from High-Tax Hubs.

April 6, 2026 at 7:57 PM
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Local News•
April 6, 2026 at 4:47 AM

Local Manufacturers Sound Alarm Over Proposed Cess Tax Phase-Out.

Industry leaders in Sri Lanka are urging the government to reconsider its plan to phase out the Cess tax on over 2,600 imports, warning that local small and medium enterprises lack the economies of scale to compete globally without this protection.

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