China has decided to keep a helpful tax rule going. This rule gives people money back on their taxes if they buy a new home within a year of selling their old one. The government has said this will be in place from January 1, 2026, until December 31, 2027. This tax break is a big deal for people wh
In the world of economics, few names stand out as much as Shamshad Akhtar's. She was a trailblazer, the first woman to lead Pakistan's central bank. At 71, she left behind a legacy that spanned decades and touched many aspects of Pakistan's economic life. Akhtar's career was marked by significant m
Israel is thinking about adding a new tax. This tax would be 15% on extra bank profits. The plan is to do this for five years. The idea is to tax profits that are more than 50% higher than the average from 2018 to 2022. Why are they doing this? Well, the government thinks banks are making too much
Türkiye is making progress in its fight against inflation. The finance minister expects the annual rate to drop into the 20% range by February. This is a significant improvement from the 64%-65% seen over the past three years. The government's goal is to bring inflation down to single digits, but th
The UK's economy has been on a wild ride for over four decades. Two big mistakes, the resource curse and the finance curse, have shaped its path. These weren't accidents. They were choices made by leaders who thought they knew better. First, there was the resource curse. In the late 1970s and early
The UK's finance minister, Rachel Reeves, recently shared a budget plan that includes several tax changes. These changes aim to bring in more money for the government. The Office for Budget Responsibility (OBR) shared some details ahead of time, calling it a "technical error" later. One big change
In a move that could impact many families, UK Finance Minister Rachel Reeves is expected to remove the limit on child benefits in her upcoming budget. This change, reported by several newspapers, would mean that families with more than two children would no longer face restrictions on the support th
Malawi is taking a bold step to boost its foreign reserves. The country has decided that tourists must pay for hotel stays using dollars, euros, or other strong currencies. This is a big change, and it's all about getting more hard cash into the country. The finance minister shared this news. He ex
The Education Department has taken a big step forward in changing student loans. They finished a key meeting last week to figure out how to put new rules into action. These rules come from a law called the One Big, Beautiful Bill Act, which President Trump signed last year. The changes will affect h
In a move that could reshape the UK's tax landscape, Finance Minister Rachel Reeves is reportedly considering a significant income tax increase. This proposal is part of a broader strategy to meet fiscal targets and address economic challenges. The plan involves raising income tax by 2 pence while
