Category: Treasury
-
Treasury plans higher tax on Israel’s wealthiest
•
As part of its plans to manage the fiscal deficit in 2025, the Ministry of Finance proposes to increase the additional tax on passive income such as interest. The Ministry proposes to raise the additional tax from its current rate of 3% to 5%, and expand it to include those…
-
US 10-year treasury yields back above 4%
•
10-year Treasury yields were back above 4% in early trading Monday. US10Y is back above 4 percent It’s been a bit of a perfect storm for bonds: Inflation expectations rise as oil prices rise Better than expected US data combats recession fears (this should not be a fear but anyway)…
-
Treasury boss declines US envoy job amid Adani deals
•
Americans know him as the Deputy Chief of Mission at the Kenyan Embassy in Washington, DC. But Kenyans know him as the Director-General of Public-Private Partnerships (PPP) at the Treasury and the main explainer of the controversial deal in which Indian billionaire Gautam Adani wants to manage and develop the…
-
National Insurance on employer pension contributions could raise billions for Treasury coffers
•
The introduction of national insurance on employer contributions to pensions could generate billions for the Treasury, according to Sir Steve Webb, the former pensions minister. Webb, now a partner at LCP, points out that this reform could raise up to £16bn net a year and could be the most likely…
-
Treasury seeks to curb pension tax benefit
•
The Ministry of Finance has introduced a series of radical measures aimed at reducing the fiscal deficit to 4% next year. Among these measures is the imposition of taxes on advanced training funds, which until now have mainly been a tax-free savings program. The Ministry stated in its explanation of…
-
Treasury unveils new taxes worth NIS 40b for 2025 budget
•
The Finance Ministry today unveiled sweeping measures including NIS 35-40 billion in cuts to reduce Israel’s ballooning fiscal deficit to 4% in 2025. The measures were unveiled in the Tax Bill and the Anti-Dark Capital Bill, part of the Economic Arrangements Bill, which will accompany the 2025 budget. The measures…
-
Treasury plans tax on banks and Ashdod Port privatization
•
The draft economic arrangements law, which will be attached to the 2025 budget, outlines the reforms that the Finance Ministry intends to implement next year. The draft law includes important measures in the areas of finance, real estate, state-owned companies, and others. The draft does not include any new taxes…
-
Treasury CS John Mbadi headed for clash with MPs over tax waiver powers
•
The National Treasury wants the Cabinet Secretary to have the final say on waiving hard-to-collect taxes in an amendment likely to put Treasury and Parliament on a collision course. Treasury Secretary John Mbadi sought to amend the Tax Procedures Act by introducing a new section that would give him sweeping…
-
Treasury revives plan to tax EVs for each km traveled
•
As part of the Economic Arrangements Law accompanying the 2025 budget, the Finance Ministry plans to impose a tax of NIS 0.15 per kilometer driven by electric vehicles. This tariff will be lower than the NIS 0.19 per kilometer that drivers of cars with combustion engines pay as a customs…
-
Treasury cuts Sh334bn tax target for new Finance Bill
•
The Treasury has cut its tax target for the next financial year by Sh334 billion and cut spending in changes that signal the government’s reluctance to raise taxes amid public anger. Budget review and forecast papers show the treasury expects to raise Sh2.96 trillion in the year starting next July…
-
Treasury yields stay on the floor as the market sees an end to high inflation
•
10-Year US Treasury Yields The days of safe, high-yield investments may have ended a generation ago. Jamie Dimon is still warning about inflation, but the bond market has moved. The breakeven rate is below 2%, which means the Fed is more likely to miss its target, and nominal interest rates…
-
US Treasury auctions $58B of 3 year notes at a high yield of 3.440%
•
High yield:3.440% WI level at auction time: 3.457% tail: -1.7 bs Average of six auctions: 0.1 basis points Show Coverage: 2.66X Merchants:10.45% Direct (local demand measure):11.3% Indirect (international demand measure):78.24% Auction Grade: A details: International buyers were in attendance and outperformed other bidders. International buyers received 78.24%. This was well…
-
Treasury mulls plan to hike VAT to 18.5%
•
The government has already agreed to raise VAT to 18% from January 1, 2025 as part of a special budget passed after the war began. Israel’s Finance Ministry is considering a plan to raise VAT to 18.5% from its current 17%, if necessary, a source familiar with the matter told…
-
Treasury mulls plan to hike VAT to 18.5%
•
The government has already agreed to raise VAT to 18% from January 1, 2025 as part of a special budget passed after the war began. Israel’s Finance Ministry is considering a plan to raise VAT to 18.5% from its current 17%, if necessary, a source familiar with the matter told…
-
Oasis reunion tour set to boost uk economy, benefiting Labour and the treasury
•
The long-awaited Oasis reunion tour is expected to deliver more than just nostalgic songs; it is expected to provide a significant boost to the British economy, a move that could be beneficial for the Labour Party. According to Paul Haywood-Schaefer, senior director at audit and consulting firm Blake Rothenberg, the…
-
Private schools urge treasury to delay VAT implementation until September ’25
•
Private school leaders have urged the Treasury to delay the introduction of VAT on school fees, warning that introducing the tax in January could lead to a significant mid-year increase in pupil numbers in the state sector, putting unsustainable pressure on already limited resources. Independent schools are set to raise…
-
Gensler May Become Treasury Secretary Under A Harris Administration
•
Amidst the frenetic preparations for the upcoming US presidential election, a seductive rumor has emerged that could significantly impact the future of financial regulation and oversight of cryptocurrencies. According to senior Senate staffers and prominent Republicans, Vice President Kamala Harris may nominate current SEC Chairman Gary Gensler.as the next Treasury…
-
Superstate integrates Chainlink for tokenized treasury fund
•
Superstate, a blockchain-based asset management company, has integrated Chainlink technology as part of its push to tap into the growing token market. The asset manager will leverage Chainlink (LINK) data feeds to bring NAV data for the tokenized treasury fund on-chain. advertisement Superstate has announced that it aims to enhance…
-
Superstate integrates Chainlink for tokenized treasury fund
•
Superstate, a blockchain-based asset management company, has integrated Chainlink technology as part of its push to tap into the growing token market. The asset manager will leverage Chainlink (LINK) data feeds to bring NAV data for the tokenized treasury fund on-chain. advertisement Superstate has announced that it aims to enhance…