U.S. House Speaker Mike Johnson, a Republican from Louisiana, plans to preserve some clean energy tax credits from President Biden’s Inflation Reduction Act while eliminating others, in an upcoming tax battle in Washington. He believes some provisions have been beneficial while most have been harmful to the economy. Johnson did not specify which credits he…
Dubai’s property market is booming, with 2024 expected to be another record year in terms of sales and property values. The increasing demand, especially in the luxury sector, is driving up prices not only for homes but for everything in the city. While this is good news for the industry, it also poses challenges, such…
Democratic presidential candidate Vice President Kamala Harris has proposed increasing the capital gains tax rate and net investment income tax to 5%. Currently, investors pay 0%, 15% or 20% for long-term capital gains, plus an extra 3.8% NIIT. Both Harris’ and Biden’s tax proposals would require congressional approval, which has caused financial advisors to wait…