Taxes

How the expanded child tax credit payments work

The Biden administration is beginning to distribute expanded child tax credit payments, giving parents on average $423 this month, with payments continuing through the end of the year.

EU to unveil first-of-its-kind carbon border tax

Europe’s trailblazing carbon border levy is facing a decidedly soft launch. When the European Commission’s climate tsar Frans Timmermans outlines on Wednesday how he plans to cut bloc-wide emissions 55% by 2030, a tax on dirty imports will be a key component.