Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an experienced financial consultant. She has ...

The EU is modernising the way alcohol products are taxed to reduce existing distortions in the single market. Member states' ambassadors to the EU on 24 June 2020 provisionally endorsed, subject to ...

With an international conflict thousands of miles away turning into an on-the-ground daily battle of survival, Congress passed Republic Act (RA) No. 12316 aimed at providing relief in the face of the ...

This interim guidance may be relied upon until regulations addressing the provision are issued. It is expected that the regulations will closely follow the definitions and rules in the notice. The ...

In 2022, lawmakers introduced a new excise tax on stock repurchases. This one percent tax applies to net share repurchases of large corporations and was projected to raise $73.6 billion over a decade.

[Stay on top of transportation news: Get TTNews in your inbox.] A repeal of the 12% federal truck excise tax for new trucks would not only cut costs for truckers, it could benefit the environment and ...

Have you ever wondered why gas, cigarettes or alcohol cost so much? The answer often comes down to an excise tax — a special tax that’s built right into the price of certain goods. So, what is excise ...