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News
U.S. Senate Releases Final CLARITY Act Text Reflecting 126 Democratic Demands, Cloture Vote Set for 15th — BigGo Finance
1+ hour, 17+ min ago (425+ words) The final text was released ahead of the procedural cloture vote scheduled for the 15th, with the key question being whether supporters can secure the 60 votes needed for passage. If the bill advances, this final version is expected to be offered…...
South Korea's Financial Holding Company Chairman Three-Term Limit Bill Stalls Ahead of Parliamentary Audit — BigGo Finance
2+ hour, 31+ min ago (559+ words) A governance reform package aimed at limiting financial holding company chairmen to three consecutive terms has been stalled in South Korea's National Assembly for months. The proposal was referred to a bill review subcommittee last month but failed to make…...
House Ways and Means Committee to Review Crypto Tax Bill on Sept. 16; Mining Tax Deferral in Focus — BigGo Finance
2+ hour, 58+ min ago (557+ words) The House Ways and Means Committee is scheduled to hold a markup on September 16 to review tax rules for crypto assets (virtual currencies). The main points of focus are a proposal to defer the taxation of tokens earned through mining…...
Canada Explores 'Associate Membership' in EU as US Trade War Escalates — BigGo Finance
4+ hour, 10+ min ago (604+ words) Canada is exploring whether it could become an "associate member" of the European Union, a move that would mark one of the most dramatic strategic realignments in the country's modern history as relations with Washington continue to deteriorate. The relationship…...
Trump Says He Will Scrap US Tariff on Irish Whiskey — BigGo Finance
4+ hour, 30+ min ago (544+ words) President Donald Trump said Sunday he would eliminate the 10% tariff the United States imposes on Irish whiskey, an announcement delivered at the trophy ceremony of a golf tournament held at his family-owned resort on Ireland's west coast. The pledge came…...
Social Security Insolvency Looms: GOP Lawmakers Signal Openness to Payroll Tax Hikes — BigGo Finance
9+ hour, 32+ min ago (798+ words) The long-standing political firewall protecting Social Security from any talk of tax increases is showing cracks, as a growing number of lawmakers—including several influential Republicans—now say they are willing to raise revenue to prevent the program from sliding…...
South Korea's Finance Minister Nominee Lee Hyung-il Vows Proactive Fiscal Policy to Tackle Growth and Polarization — BigGo Finance
11+ hour, 28+ min ago (291+ words) Lee Hyung-il, nominee for South Korea's deputy prime minister and minister of economy and finance, has stated that proactive fiscal management is necessary to break through domestic and external economic uncertainties and structural crises. His vision: while fiscal soundness matters,…...
Italy's Government Working on €100 Fuel Bonus for Workers — BigGo Finance
11+ hour, 29+ min ago (337+ words) The Italian government is fine-tuning a targeted measure to counter rising fuel costs, following the end of blanket excise duty discounts. At the center of discussions is a proposed one-off €100 fuel voucher for workers, covering both salaried employees and self-employed…...
Trump Holds Last-Minute Talks on Crypto Ethics Rules Ahead of Key Senate Vote — BigGo Finance
10+ hour, 44+ min ago (454+ words) President Donald Trump convened a closed-door meeting with his advisors on Friday to hash out unresolved ethics provisions in the CLARITY Act, the sweeping digital-asset legislation whose fate now hinges on a procedural vote in the Senate scheduled for Tuesday…...
South Korea's Deputy PM Nominee Lee Hyung-il Faces 'Non-Resident Single Home' Controversy — Comprehensive Real Estate Tax and Expansionary Fiscal Policy Battles Expected at Confirmation Hearing — BigGo Finance
1+ day, 3+ hour ago (210+ words) Regarding this, Lee expressed the view that "establishing a residence-centered housing market is a firm principle with clear direction." Under the original plan announced on the 3rd of last month, next year's calculated tax would have reached ₩15.365 million. However, as the…...