Finance Minister Colm Imbert has read the 2018 Budget and has announced several new tax measures.
The Budget will see increases in costs for the average man as well as for businesses and corporations.
So here are some of the new tax measures and increased costs introduced today.
YOU WILL PAY MORE FOR FUEL IN YOUR CAR
- Adjustment to subsidy will increase super from $3.58 to $3.97 per litre. $2.30 to $3.41 diesel. -
President Donald Trump paid $38 million in taxes on income of more than $150 million in 2005, the White House confirmed on Tuesday.
Trump made a "large-scale" write-off for construction losses in 2005, the White House said, in response to questions about a partial disclosure of his tax return from that year.
He also paid "millions of dollars in other taxes such as sales and excise taxes and employment taxes," an official said, without giving further details.