Results for: Political pressure

A bill that would mandate the sale or ban of TikTok, popular social media app owned by Chinese company ByteDance, has gained significant traction and is now on the cusp of becoming law. The Senate overwhelmingly passed the “Protecting Americans from Foreign Adversary Controlled Applications Act” by a vote of 79-18, and the bill now heads to President Joe Biden’s desk for his signature.

VAT exemptions in the UK are rife, leading to inconsistencies and potential inefficiencies. While the government plans to partially rectify this by imposing VAT on private school fees, more comprehensive reforms are necessary to address the overall regressivity of the tax system and promote economic efficiency.