European Commission President Ursula von der Leyen is meeting with US President Donald Trump to negotiate a trade deal that could impose a 15% baseline tariff on EU goods, potentially alleviating uncertainty for EU companies, while Trump considers imposing a 30% tariff on August 1. The deal may include exemptions for certain industries and commitments for increased US exports, with both sides optimistic about reaching an agreement.
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Nick Bruining: Savings bonds are back to dodge $3m super tax whack, but they’re not just for the wealthy …
With the upcoming debate on a new 15% tax on superannuation balances over $3 million, older-style savings bonds are gaining attention as a simpler, flexible investment option offering tax-free savings. Unlike the proposed super tax, which applies to unrealized gains, these bonds incur a 30% tax only on actual earnings and capital gains, providing potential tax efficiency and early access benefits. Want More Context? 🔎
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