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US President Trump’s new External Revenue Service aims to collect tariffs from foreign sources, sparking criticism over potential increased taxes on American consumers and businesses.
Beijing and Shanghai authorities have cut taxes on larger house transactions to stimulate the real estate market, aiming to boost sales and provide more options for homebuyers.
The IMF warns global debt is set to reach record levels, urging governments to increase taxation. In the US, debt stands at 124% of GDP as presidential candidates promise tax cuts.