The "One Big Beautiful Bill Act" is facing criticism over a provision they say would devastate private foundations.

A new US bill introduces a 3.5% excise tax on overseas remittances from non-citizens, including NRIs and immigrants, ...

The bill modifies the revenue distribution from excise taxes on rum produced in or imported from Puerto Rico and the U.S. Virgin Islands.

Excise taxes apply to a single good, service or activity for a special reason. Examples include fuel, coal and alcohol.

Last week, the US House of Representatives passed H.R. 1, the “One Big Beautiful Bill Act.” This alert highlights the provisions in the Bill ...

According to the EAC Secretariat, trade among the seven member states and the rest of Africa rose by $584.6 million to $4.3 ...

The budget reconciliation bill passed by the House of Representatives on May 22, 2025 (the “Reconciliation Bill”), contains a ...

A proposed US bill, dubbed 'The One Big Beautiful Bill,' could impose a 3.5% remittance tax on money transfers from the US to ...

Telecommunications operators and consumer rights groups have strongly opposed the controversial 5% excise tax on telecom services reintroduced in the recently passed Nigeria Tax Bill 2024.The Senate ...

Excise Tax on Net Investment Income of Private Foundations ... [13] The proposal adds a definition of “terrorist supporting organizations” to Section 501(p) and defines a “terrorist supporti ...

The draft amended Excise Tax Law is expected to be passed by the National Assembly ... However, Nga recommended that the draft law more clearly define the sugar threshold of 5 grams per 100 ...

FIRST ON FOX: Republican lawmakers are pushing to stop states from imposing excise taxes on gun and ammunition sales, a condemnation of a measure California enforced in 2024. In 2023, California ...