The authorities are resorting to a politically unpopular move as they scramble to raise funds for the grueling military effort against Russia.

The bill will raise a military tax on residents from 1.5% to 5% and see corporate tax on banks' profits climb to 50% for the year.

Parliament approved Ukraine's first major wartime tax increases on Thursday to shore up its finances as war with Russia drags on with no end in sight. Yaroslav Zhelezniak, a lawmaker from the Holos party,

British finance minister Rachel Reeves is considering raising the rate of capital gains tax to as high as 39% in her Oct. 30 budget, the Guardian newspaper reported on Thursday. Finance ministry modelling being reviewed by Reeves and seen by the Guardian shows officials are testing a range of 33% to 39% for capital gains tax,

Chancellor has dismissed Budget speculation but fears are rising over a massive tax hike to fill a £25bn black hole in her plans