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REVEALED: The U.S billionaires avoiding their taxes

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From Jeff Bezos, Elon Musk and Warren Buffett, new details have emerged about how little tax US billionaires actually pay.

News website ProPublica has reportedly viewed the tax returns of America’s wealthiest individuals… with the White House saying the leak is “illegal” and the FBI is now investigating.

The website makes allegations that Bezos paid no tax in 2007 and 2011, whilst Musk paid nothing in 2018.

A White House spokeswoman called the leak “illegal”, and the FBI and tax authorities are investigating.

It’s also believed that the top 25 richest Americans each pay less tax than the average US worker.

ProRepublica says it will continue to analyse a “vast trove of Internal Revenue Service data” on the taxes of the billionaires, and promises to release further details later in the week.

The news site goes onto add “using perfectly legal tax strategies, many of the uber-rich are able to shrink their federal tax bills to nothing or close to it.”

Biden’s plan to raise tax for tech giants

President Joe Biden has vowed to increase tax on the richest Americans.

He wants to raise the top rate of tax, double the tax on what high earners make from investments, and change inheritance tax.

25 richest Americans collectively jumped by $401bn from 2014 to 2018, but they paid $13.6bn in income tax over those years, according to ProPublica.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Tariffs create economic uncertainty for corporate giants

CEOs warn tariffs are harming planning, raising costs, and reducing consumer spending, leading to uncertain economic forecasts.

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CEOs warn tariffs are harming planning, raising costs, and reducing consumer spending, leading to uncertain economic forecasts.

In Short

U.S. company CEOs, including those from American Airlines and Procter & Gamble, are worried about the negative effects of changing tariff policies on their businesses and consumer behaviour.

Many industries anticipate increased costs, potential price hikes for consumers, and a slowdown in economic growth due to uncertainty in tariff regulations.

CEOs from major U.S. companies, including American Airlines and Procter & Gamble, are expressing concerns about the impact of shifting tariff policies on their businesses and consumer behaviour.

Travel has already been affected, with airlines revising their full-year outlooks due to softer leisure travel as uncertainty looms. Procter & Gamble is contemplating price increases on some products in response to these tariffs.

Major automotive groups have urged President Trump to reconsider the 25% tariff on car parts, citing significant increases in costs for consumers. American Airlines’ CEO, Robert Isom, noted that hiring and expansion plans may be curtailed due to the unpredictable economic environment.

Harming investment

CEOs from various sectors, including finance and aviation, highlighted how the instability in tariff regulations is harming investment and economic growth. Some consumers are already reacting by purchasing big-ticket items prematurely, fearful of future price hikes.

Telecom executives from Verizon and AT&T indicated they cannot entirely absorb the costs associated with tariffs, leading to inevitable price increases for consumers. Similarly, home builders like PulteGroup anticipate rising costs for new homes due to tariff-related expenses on materials.

While some executives support certain tariffs, many are concerned about the long-term effects on their operations and the economy as a whole. The International Monetary Fund also projects a slowdown in global growth as a result of these tariff policies.

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Trump urges Putin to halt Kyiv attacks after casualties

Trump urges Putin to cease attacks on Ukraine following deadly missile strike on Kyiv, killing 12 and injuring 90.

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Trump urges Putin to cease attacks on Ukraine following deadly missile strike on Kyiv, killing 12 and injuring 90.

In Short

A missile and drone attack on Kyiv killed 12 and injured 90, prompting Trump to urge Putin for a peace deal amid escalating tensions.

Ukraine seeks an unconditional cease-fire, but ongoing strikes and unacceptable Russian conditions raise concerns over future peace negotiations.

In a recent missile and drone attack on Kyiv, 12 individuals were killed and 90 injured, marking the most severe air assault this year.

U.S. President Trump responded by urging Russian President Putin to halt attacks and pursue a peace agreement. He expressed concern over the loss of life, highlighting that 5,000 soldiers perish weekly.

The attack involved over 200 missiles and drones and targeted critical Ukrainian industries. Trump’s frustration has increased as peace talks stagnate, with him also critiquing Ukrainian President Zelensky for dismissing a peace proposal that would legally recognise Russian control over Crimea.

Peace deadline

Despite Trump’s previous reluctance to criticise Putin, the attack shifted his stance. He has signaled a deadline for both Russia and Ukraine to reach a peace deal while the U.S. contemplates the extent of its involvement in negotiations.

Ukraine seeks an unconditional cease-fire, but Russia’s conditions remain unacceptable to Kyiv. A recent U.S. proposal would allow Russia to retain substantial territory and would limit Ukraine’s NATO aspirations.

Zelensky accused Russian forces of terrorism, attacking civilian areas and inciting widespread destruction, while Trump acknowledged the challenges of restoring Crimea to Ukraine.

The situation continues to escalate, with ongoing strikes on civilian infrastructure, drawing international attention and condemnation. As rescue workers clear debris from the latest attack, uncertainties remain about the future of peace talks and the safety of Ukrainian citizens.

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Trump targets migrant gangs with deportation crackdown

Trump advocates for strong immigration enforcement to restore law and order, warns against court-blocked deportations, and labels gangs as terrorist organizations.

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Trump advocates for strong immigration enforcement to restore law and order, warns against court-blocked deportations, and labels gangs as terrorist organizations.


Former President Donald Trump says his administration is committed to restoring law and order through aggressive immigration enforcement.

He warns that dangerous consequences could unfold if courts block mass deportations.

Trump has labelled several gangs, including Tren de Aragua, as foreign terrorist organisations, and is pushing for faster judicial cooperation.

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