Trudeau comes up short on U.S. EV tax credits

Canadian Prime Minister Justin Trudeau returned home after failing to convince President Joe Biden to scrap proposed electric-vehicle tax credits that would favor U.S.-based manufacturers, but said he would keep seeking a solution.

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‘We have such an integrated supply chain,’ says U.S. rep of proposed auto tax

U.S. Rep. Bill Huizenga discusses the auto sector tax that he says would be devastating to Canadian manufacturers and could potentially also affect the U.S.

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Wealth tax: Focus on system of taxing wealth, not net wealth, says Lawrence Wong

Singapore’s approach to wealth taxes is not to focus narrowly on the concept of taxes based on one’s net wealth, but to look at it through the country’s overall taxation system – one that is fair and progressive. Finance Minister Lawrence Wong said this in response to a question on potential wealth taxes at the Morgan Stanley Asia Pacific summit.

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Suspension of excise tax on fuel ‘inequitable’: DOF

#BusinessWorldLive | The proposed suspension of excise tax on fuel would likely improve the disposable income of wealthier households at a faster pace, the Dept. of Finance said. It also expects higher income households to benefit by around 60% more from the suspension of the taxes compared to lower income households.

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Billions in latest Child Tax Credit payments sent to millions of families

Millions of parents should have more money in their bank accounts Monday. The government is shelling out around $15 billion to about 36 million families with the fifth payment from the Child Tax Credit. CBS MoneyWatch reporter Aimee Picchi joined "CBSN AM" to discuss.

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Canada, Mexico agree proposed U.S. tax credit violates trade agreement: Ambassador

Juan José Gómez Camacho, Mexico’s ambassador to Canada, discussed the relationship between Canada, the United States and Mexico and talked about some of his country’s concerns including a proposed U.S. tax credit, inclusivity, the distribution of goods and immigration.

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