A regressive tax may look neutral on paper, but it often forces lower-income households to give up a much larger share of ...

The Michigan City Common Council voted unanimously on Tuesday to impose a wheel tax and vehicle excise tax on the city's motorists, a move aimed at helping shore up the city's finances amid a bevy of ...

A regressive tax is one that is assessed at the same rate to everyone, regardless of their income. They are also sometimes ...

Learn what Net Income After Taxes (NIAT) means, how it's calculated, and see examples to understand this key financial metric ...

The new excise tax (ET) framework, effective from January 1, has led to price increases for alcohol, tobacco, carbonated ...

Caren Weiner is the lead editor for consumer finance at Forbes Advisor. During her decades as a personal finance journalist, she has covered mutual funds, taxes, banking and health insurance ...

A tax wedge is the difference between before-tax and after-tax wages. It also refers to the market inefficiency that is created when a good is taxed.

A major overhaul of how gasoline is taxed in Michigan took effect on January 1, 2026. The legislation marks one of the most ...

A consumption tax is a tax on goods or services you spend money on, rather than what you earn. The United States does not ...

The UAE Ministry of Finance has announced the issuance of Cabinet Resolution No. (198) of 2025, amending provisions of Cabinet Resolution No. (37) of 2017 on the Executive Regulation of Federal Decree ...

Regulations updated to link tax to sugar levels, tighten reporting, streamline procedures Certain health-related products are exempt under the revised framework. These include items used to help ...