MONEY MASTER

If  the  Trump  administration’s  tariff  policy  has  demonstrated  anything,  it  is  this:  the  US  economy  can  withstand  higher  taxes  on  corporate  America  without  collapsing. That  lesson  is  increasingly  relevant  as  federal  deficits  widen  and  government  debt  climbs  to  record  levels. Tariffs  Raised  Billions —  Growth  Held  Up Tariffs  operate  like  taxes.  Importers  pay  them,  then  either  absorb  the  cost  or  pass  it  on  to  consumers. In  the  second  half  of 2025,  tariffs  generated  US$29.5  billion  per  month   in  additional  revenue  for  the  US  Treasury. Yet...

Business on Edge UK Chancellor Rachel Reeves is under pressure from business leaders to  hold back on corporate tax hikes , as fears rise that more levies could stifle growth. The  British Chambers of Commerce (BCC)  urged a pro-growth stance to avoid entering a "vicious circle" of economic slowdown. Backdrop & Tensions Reeves raised  £40 billion in new taxes  last October, including  £26 billion in employer payroll taxes . The UK economy has since shed over  250,000 jobs . Reeves is caught between  Labour’s promises  not to raise income, VAT, or employee NI, and mounting fiscal pressures. Business Plea BCC Chief Shevaun Haviland is calling for the government to: Address  skills shortages  and  operating costs . Avoid more business taxation, which would  restrict investment . Policy Outlook Reeves has hinted she may  revisit her fiscal headroom , potentially raising taxes again. Economists warn her fiscal leeway c...

Turkey will implement a 10% minimum corporate tax starting in 2025 as part of efforts to reduce its budget deficit . According to a decree by the Treasury and Finance Ministry, the domestic minimum tax for corporate earnings will not fall below 10% before deductions and exemptions . This move is part of a fiscal consolidation strategy led by Treasury and Finance Minister Mehmet Simsek , who has been focused on simplifying tax laws and reducing the scope of tax deductions and exemptions since taking office after last year's election. The government has revised its 2025 budget deficit forecast down to 3.1% of GDP , from an earlier estimate of 3.4%, with a 2024 deficit expected at 4.9% . Key changes in the new tax code include a 30% tax rate on earnings from build-operate-transfer and public-private-partnership projects , the removal of real estate sales tax exemptions , and a requirement for funds to distribute at least 50% of real estate revenues as dividends to qualify f...