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  • tax

U.S. President Donald Trump departs on travel to West Point, New York from the South Lawn at the White House in Washington, U.S., December 12, 2020. REUTERS/Cheriss May

Trump Paid no Income Tax in 2020, Reported Losses in Office, Records Show

Donald Trump paid no income tax during the final full year of his presidency as he reported a loss from his sprawling business interests, according to tax figures released by a congressional panel. …

21 December 2022
Britain's Chancellor Jeremy Hunt leaves 11 Downing Street to attend Parliament in London, Thursday, Nov. 17, 2022. Just three weeks after taking office, British Prime Minister Rishi Sunak faces the challenge of balancing the nation's budget while helping millions of people slammed by a cost-of-living crisis. Treasury chief Jeremy Hunt will deliver the government's plan for tackling a sputtering economy in a speech to the House of Commons on Thursday. (AP Photo/Alastair Grant)

UK Budget Takeaways: Higher Taxes, More Aid To Needy

The British government unveiled an emergency budget featuring billions in tax increases in a bid to restore trust and stability in the U.K. economy and help millions struggling to cope with a…

AP 17 November 2022
British Prime minister Rishi Sunak speaks during Prime Minister's weekly question time debate, at the House of Commons in London, Britain, November 2, 2022. UK Parliament/Jessica Taylor/Handout via REUTERS

UK To Extend Windfall Taxes On Energy Firms -The Times

British Prime Minister Rishi Sunak and Chancellor of the Exchequer Jeremy Hunt are planning to extend windfall taxes on oil and gas companies to raise nearly 40 billion pounds ($45.55 billion) over…

02 November 2022
Commuters walk across London Bridge toward the financial district, in London, Britain, September 26, 2022. REUTERS/Peter Nicholls/File Photo

UK Faces Tax Rises As Well As Spending Cuts - Treasury Source

Everyone in Briton will need to pay more in tax in the coming years to fix a hole in public finances, a source in the finance ministry said on Monday, following a meeting between Prime Minister Rishi…

31 October 2022
British Prime Minister Liz Truss looks on as she speaks to the media at the Empire State building in New York, U.S., September 20, 2022. REUTERS/Toby Melville/Pool/File Photo

Liz Truss Says Sorry, Faces Deep Spending Cuts To Balance Books

Prime Minister Liz Truss apologized for threatening Britain's economic stability after she was forced to scrap her vast tax-cutting plans and embark on a program of "eye-watering" public spending…

18 October 2022
New Chancellor of the Exchequer Jeremy Hunt leaves 10 Downing Street in London, Britain, October 14, 2022. REUTERS/Henry Nicholls/File Photo

New UK Finance Minister Hunt Scraps Tax Cuts, Reins in Energy Support

New finance minister Jeremy Hunt scrapped Prime Minister Liz Truss's economic plan and scaled back her vast energy subsidy on Monday, launching one of the biggest U-turns in British fiscal policy to…

17 October 2022
A Saudi national wearing a face mask gets his passport from a Saudi Immigration officer, at the King Khalid International Airport, in Riyadh, Saudi Arabia, May 16, 2021. (File photo: Reuters)

Saudi Government Agencies Grow More Business-Like

“A few weeks ago, there was a miscommunication with the Zakat, Tax and Customs Authority (ZTCA) regarding my company’s tax return, which led to a problem with the authority. I called the point of…

Motasem Al Felou 27 August 2021
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Pete Reynolds
Politics

Israel’s election may not end its political crisis

26, Oct 2026

With a complex election setup and the deep polarisation that has plagued Israel in recent years, expect prolonged political deadlock

Michael Horowitz
Russian President Vladimir Putin greets Rwanda's Prime Minister Justin Nsengiyumva during a welcoming ceremony for participants of the Russia-Africa Summit in Moscow, Russia, on 28 October 2026. Igor Ivanko/REUTERS
Business & Economy

Russia-Africa summit: ambitions and challenges

29, Oct 2026

Amid competition for influence and resources, Russia knows that Africa is a market with potential. For African states, Russian companies are still of interest, but the value equation needs to change

Rana Freifer
Al Majalla
Politics

Lula defies Latin America’s pro-Trump wave

28, Oct 2026

Brazil's left-wing president won a historic fourth term in office

Catherine Osborn
Anne-Claire Legendre, the newly appointed president of the Institut du monde arabe, poses for a portrait at the institute’s headquarters in Paris, on 18 February, 2026 AFP
Culture & Social Affairs

Anne-Claire Legendre’s vision for the Institut du monde arabe

29, Oct 2026

As the institute approaches its 40th anniversary, its president outlines a new vision for cultural collaboration between the Arab world and Europe

Elie Kossaifi
President Masoud Pezeshkian (R) greeting Afghanistan's Foreign Minister Amir Khan Muttaqi (R), in Tehran on 18 May 2025. Iranian Presidency / AFP
Politics

Afghanistan: Iran's strategic depth card in Central Asia

28, Oct 2026

Once nurtured by Pakistan, the Taliban now works closely with Iran, much to the delight of Russia and China

Kamal Alam

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OPINIONS

Israel’s election: musical chairs for parties, not policies

Majed Kayali
Majed Kayali

War with Iran likely regardless of who leads Israel

Con Coughlin
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Russia-Africa summit: ambitions and challenges

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Rana Freifer

The struggle for power

Al Majalla - London
Al Majalla - London
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