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Brain cells are running data centers in Singapore and Melbourne
Australia-based biotech startup Cortical Labs is working on two small data centers run by human brain cells. The experiment could one day challenge the use of semiconductors from the likes of Nvidia. The company is building facilities in Melbourne and Singapore to house its biological computers, known as CL1 units, which consume a fraction of…
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Navigating tax complexities for the FIFA World Cup
The 2026 FIFA World Cup, hosted by the U.S., Canada, and Mexico, will feature 48 teams and presents significant tax and social security challenges for players, coaches, and support staff. As noted by Daida Hadzic and Rob Fagan from KPMG, “Understanding and addressing the intricate cross-border financial and regulatory issues will ensure a smooth and…
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Property tax cuts gain momentum across the U.S.
As states grapple with rising property tax bills, many are exploring tax cuts amid an election year. Manish Bhatt from the Tax Foundation notes: “The overwhelming trend across the states is relief for residential property owners.” Proposals for tax reductions are under discussion in states like Iowa, Kansas, and Florida, but face political hurdles. In…
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Oil and gas price uncertainty could drive up rates
The Bank of England may increase interest rates this year due to rising energy prices linked to the conflict in the Middle East. Analysts warn that disruptions in oil and gas supply could lead to higher inflation, complicating the Bank’s plans to lower borrowing costs. The National Institute for Economic and Social Research predicts that…
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IRS reports 10% rise in tax refunds
Tax refunds have increased by over 10% in 2026, with the average refund amounting to $3,804, which is $351 more than last year, according to the Internal Revenue Service (IRS) report released on February 27th. Despite a 1.9% decline in the number of returns processed, the IRS has issued 28.7m refunds this year, totaling $109bn….
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Private bank warns of exodus due to taxes
Lombard Odier has alerted the Government to the adverse effects of high taxes and regulations on investment in the UK. The bank’s UK chief executive, Mark Goddard, stated that many entrepreneurs are leaving for tax havens due to the Chancellor’s tax policies. Lombard Odier’s letter to Rachel Reeves highlighted a negative investment culture and the…
