Latest news with #bluecollarworkers
Telegraph
23-05-2025
- Business
- Telegraph
Denmark to raise retirement age to 70
Denmark will raise its retirement age to 70 by 2040, the highest in Europe, after a controversial vote in parliament. The increase in retirement age was approved in the country's legislature, with 81 votes in favour and 21 against. The age of retirement has been tied to life expectancy in Denmark – currently 81.7 years – since 2006, with the government raising the threshold every five years. Under the Danish system, the retirement age will rise from 67 to 68 in 2030, and then 69 in 2035, and finally to 70 in 2040. The retirement age of 70 will only apply to Danes born after Dec 31, 1970. Mette Frederiksen, the Danish prime minister, has admitted that the sliding scale for retirement is not sustainable, and that a new system will eventually need to replace it. 'We no longer believe that the retirement age should be increased automatically,' she said. 'You can't just keep saying that people have to work a year longer.' Danish workers reacted with scorn to the new rules, warning that they would be particularly tough for blue-collar workers in physically demanding jobs. '[It's] unrealistic and unreasonable,' roofer Tommas Jensen, 47, told public broadcaster DR. 'We work and work and work, but we can't keep going.' He added: 'I've paid my taxes all my life. There should also be time to be with children and grandchildren.'
Associated Press
08-05-2025
- Business
- Associated Press
Valor Tax Relief Announces Strategic Focus on Supporting 1099 Workers and Blue-Collar Americans Facing IRS Pressure
Valor Tax Relief is a Los Angeles-based firm that helps individuals resolve tax issues through personalized, transparent service. With a team of licensed professionals, the company assists clients dealing with IRS collections, audits, and unfiled returns. Its approach centers on clear communication, fixed pricing, and legal solutions tailored to each case. The aim is to simplify complex tax challenges and guide people toward resolution. Huntington Beach, California--(Newsfile Corp. - May 8, 2025) - As tax debt levels rise across the country, a growing number of independent workers are experiencing increased scrutiny from the IRS. Contractors, truck drivers, and other self-employed Americans are among those most affected, often facing penalties and enforcement actions without access to the resources typically available to traditional employees. In response, Valor Tax Relief is focusing its services on this overlooked workforce segment. The company notes that many of these workers operate under 1099 contracts, which means they are responsible for handling their own tax filings and estimated payments. Without employer withholding or regular financial support, tax obligations can easily slip through the cracks. As a result, Valor Tax Relief has seen an increase in cases involving wage garnishments, tax liens, and payment demands that many blue-collar workers struggle to manage. To address the issue, the firm has announced the implementation of a system that begins with a formal investigation of each client's tax situation, followed by a recommendation of possible legal resolutions such as installment agreements, offer in compromise submissions, or penalty relief. Valor's team has said it will include enrolled agents and tax professionals licensed to represent clients before the IRS, emphasizing tailored guidance based on individual financial circumstances. 'We don't sugarcoat it. We solve it,' says CEO, Karim Hanna. 'A lot of these workers were never shown how to navigate self-employment taxes, and now they're dealing with the consequences. Our role is to help them take back control,' he adds. With enforcement efforts expected to increase in the coming months, Valor Tax Relief is working to raise awareness among independent earners about the importance of early intervention. The company continues to focus its resources on those who often lack access to legal tax support. It aims at reducing the long-term impact of unresolved debt among working-class Americans. About Valor Tax Relief: Valor Tax Relief offers professional tax resolution services for individuals facing audits, debt, or unfiled returns. The firm's team of licensed experts provides clear, straightforward guidance with a focus on honest assessments and practical solutions. By prioritizing transparency and fixed pricing, Valor helps clients better understand their options and move toward resolving their tax obligations with confidence and clarity. Contact Information: Company: Valor Tax Relief Contact: Karim Hanna About: Email: [email protected] Phone: 877-814-2398 Location: Huntington Beach, CA To view the source version of this press release, please visit
