Taxes

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.

As Dems push SALT cap repeal, many states have OK’d workaround

Some Democrats in Congress are pressing President Biden to repeal a $10,000 cap on state and local tax deductions as he considers tax increases, but a number of states have already approved a method that allows some residents to circumvent the cap.