Fix up or fork out: Edmonton to hike taxes on neglected business properties
Under the new tax subclass targeting derelict commercial buildings, owners could see a jump in their taxes by up to 57 per cent if they don't fix up or demolish them.
#Canada #Crime #Money #Politics
https://globalnews.ca/news/11748081/edmonton-to-hike-taxes-on-neglected-business-properties/
Fix up or fork out: Edmonton to hike taxes on neglected business properties
Under the new tax subclass targeting derelict commercial buildings, owners could see a jump in their taxes by up to 57 per cent if they don't fix up or demolish them.
#Canada #Crime #Money #Politics
https://globalnews.ca/news/11748081/edmonton-to-hike-taxes-on-neglected-business-properties/
Fix up or fork out: Edmonton to hike taxes on neglected business properties
Under the new tax subclass targeting derelict commercial buildings, owners could see a jump in their taxes by up to 57 per cent if they don't fix up or demolish them.
#Canada #Crime #Money #Politics
https://globalnews.ca/news/11748081/edmonton-to-hike-taxes-on-neglected-business-properties/
Toronto outdoor courts could face shutdown over enormous $500,000 tax hike
A local Toronto racket sports hub could soon disappear after a property tax reclassification significantly increased costs for the site.The future of Fairgrounds Racket Club, located at 8 Rosehill Ave., now hangs in the balance, after the site was temporarily activated as a community recreation space. The site currently serves as...
https://www.blogto.com/sports_play/2026/03/toronto-outdoor-courts-shutdown-rising-taxes/

Swansea residents hit with 3.9% Tax Hike: £1.01 Extra a Week for Band B Homes

Swansea Council has approved a colossal £677 million budget, which they claim will deliver “record spending” on vital services for the people of Swansea.

However, buried within the fanfare of increased investment is the stark reality of a council tax hike that will hit households across the city.

The 3.9% increase translates to an additional £1.01 per week for those living in average Band B properties, a figure the council leader attempts to downplay as “much less than the cost of a cup of coffee.”

Council Leader Rob Stewart, attempting to put a positive spin on the rise, stated: “At 3.9% our council tax rise is the third lowest in Wales and we are below the Welsh average for council tax.”

He further claimed: “We are achieving record investment in services while setting one of the lowest council tax rises in Wales.”

Despite these assurances, the fact remains that residents will be digging deeper into their pockets to fund the council’s ambitious spending plans.

The budget includes a staggering £448 million combined for education and social services, alongside £70 million earmarked for building new homes and improving existing ones, as well as tackling the homelessness crisis.

In a move that may raise eyebrows, the council is also looking to introduce a £10 million Economic Growth Fund, which would see a £3 million boost for road resurfacing projects and tackling potholes.

This comes after Cllr Stewart boasted that in the last 12 months, the council “fixed more than 5,200 potholes,” yet residents “told us they want more.”

Further initiatives funded by the budget include an extra £474,000 for the council’s CWOT teams for deep-cleaning streets and a £150,000 investment in Swansea’s network of bridleways and footpaths.

The council also highlighted the return of its “pioneering free bus offer” for the Easter holidays, which they claim has been enjoyed “more than a million times so far.”

Cllr Stewart defended the council’s financial management, stating: “Thanks to prudent management of our resources and despite the financial challenges we face we’ve not had to consider harsh measures like other councils have.”

He clarified that approximately 0.5% of the 3.9% council tax increase is allocated to fund the Mid and West Wales fire service, meaning the actual council tax rise for council services is closer to 3%.

#Budget #CouncilTax #LocalGovernment #PublicServices #RobStewart #Swansea #SwanseaCouncil #TaxHike
BMW India advocates for maintaining the 5% GST on EVs, highlighting strong sales growth and the risks of a tax hike. Discover their plea for the upcoming Union Budget. https://english.mathrubhumi.com/multimedia/videos/bmw-india-gst-ev-budget-2026-v3sxedk8?utm_source=dlvr.it&utm_medium=mastodon #BMW #GST #EVs #taxhike #UnionBudget2026
Indian-origin billionaire Lakshmi N Mittal has left the UK and shifted base to Dubai and Switzerland ahead of proposed tax hikes for the super-rich under Labour’s upcoming Budget. https://english.mathrubhumi.com/news/world/steel-tycoon-lakshmi-mittal-quits-uk-tax-hike-dubai-relocation-ny14xq0q?utm_source=dlvr.it&utm_medium=mastodon #LakshmiMittal #ArcelorMittal #UKBudget #TaxHike
UK Chancellor Rachel Reeves signaled that tax hikes may be unavoidable unless capital spending is sharply reduced, highlighting fiscal pressures ahead of the upcoming budget.
#YonhapInfomax #RachelReeves #UKTreasury #TaxHike #CapitalSpending #Budget2025 #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=90122
UK Chancellor Hints at Tax Hikes—'Keeping Promises Would Require Deep Cuts to Capital Spending'

UK Chancellor Rachel Reeves signaled that tax hikes may be unavoidable unless capital spending is sharply reduced, highlighting fiscal pressures ahead of the upcoming budget.

Yonhap Infomax
UK Chancellor Rachel Reeves signaled upcoming tax hikes to strengthen fiscal discipline, sending the pound lower and gilt yields down ahead of the budget announcement.
#YonhapInfomax #RachelReeves #TaxHike #UKGilts #PoundSterling #FiscalDiscipline #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=89183
UK Chancellor Formalizes Tax Hike Plans—Pound Falls, Gilts Rise

UK Chancellor Rachel Reeves signaled upcoming tax hikes to strengthen fiscal discipline, sending the pound lower and gilt yields down ahead of the budget announcement.

Yonhap Infomax
*** BROKEN PROMISE ALERT! *** Chancellor #RachelReevesMP refuses to rule out an Income Tax rise next month, potentially tearing up Labour's 2024 manifesto pledge not to increase basic, higher, or additional rates!
#TaxHike #Budget2025 #BrokenPledge #UKPolitics #UKLabour