Six of Silicon Valley’s biggest companies had a combined “tax gap” of more than $100 billion this decade, according to a new analysis. Fair Tax Mark, a British organization that certifies businesses for good tax conduct, assessed global tax payments from Facebook, Apple, Amazon, Netflix, Google and Microsoft between 2010 and 2019. The companies are sometimes collectively referred to as the “Silicon Six.”

A wealth tax is like a property tax, but instead of just taxing buildings and land, it taxes everything someone owns, diamonds, helicopters, paintings, rare pets, you name it. Senators Elizabeth Warren and Bernie Sanders have each proposed that the federal government, for the first time, impose this tax on the ultra-rich — but there's a sizable group of legal scholars who believe the Supreme Court would likely knock this policy down.

When deciding between taxable vs. tax-deferred, what is the best way to determine your asset allocation? There are many questions we must answer.

French economy minister Bruno Le Maire has stated that crypto-to-crypto trades will be tax-exempt, according to a report by Bloomberg. Instead, France will only tax cryptocurrency gains when they are converted into “traditional” currencies. “We believe that the moment the gains are converted into traditional money is the right time to assess tax,” Le Maire …

California Governor Gavin Newsom signed into law last week financial protections for consumer investments in rooftop solar energy. The law, AB 1208 authored by Assemblymember Phil Ting (D-San Francisco), extends a prohibition on cities and counties taxing the energy generated by rooftop solar panels for use by homeowners and businesses.

Use this next tax season to your advantage! Use this proven stragety to be prepared for your taxes and get the most money back possible.

With Trump in the Oval Office, the US government spends like the world will end tomorrow. Is there a lesson here for the Morrison Government? DCReport Editor-in-Chief, David Cay Johnston, reports on how Republican tax cuts are bankrupting America.

It's all here ... a tax audit, a cover-up and a neighbour in the Oval Office. David Cay Johnston continues his investigation into super rich, tax dodging business owners like William Ingraham Koch.

In plain English, David Cay Johnston, DCReport Editor-in-Chief, show how super rich business owners like William Ingraham Koch, one of the billionaire Koch brothers and Trump neighbour and supporter, can pocket vast sums without paying income tax.

The biggest effect of the Trump tax cuts is obvious: People who own businesses and other sources of concentrated wealth will have a lot more money, and the federal budget will have less. But the advocates of the tax cuts insisted it wasn’t about letting the makers keep their hard-earned money rather than handing it over to the takers. It was about incentivizing business to repatriate funds and ramp up its investments, thereby increasing growth and wages.

As the 2020 Democratic presidential primary campaign heats up, candidates are rolling out various government spending proposals. How would policies like free college tuition be implemented? Would the government pay the bursar directly? Would it send a check to students? Would it create a new tax credit?

Fraudsters are every year robbing Europe’s citizens of €50 billion in tax money. A Europe-wide investigation by 63 journalists from 30 countries, coordinated by CORRECTIV.

Updated Intuit, the biz behind America's most popular tax-filing software, was sued this week for seemingly hiding a free version of its product from search engines. The class-action lawsuit [PDF] from TurboTax users from across the United States was lodged in San Francisco, and joins one filed [PDF] last week by the Los Angeles City Attorney on behalf of the people of California, also against Intuit.

Excessive wealth and power commanded by a small group of multi-millionaires and billionaires—the richest one-tenth of 1 percent—poses an existential threat to America’s economic vitality, democracy, and civil society. It’s well-known by now that the richest 1 percent of American households have essentially doubled the share of national income they claim since the late 1970s. Less well-known is that inequality has even risen within the top 1 percent, with the top 10 percent of that overall group—or the top 0.1 percent—accounting for half of all income within the top 1 percent.1

In 1879, a political economist argued that wealth derived from land value belonged to the American public. Today, economists are reviving interest in his ideas as a way to combat wealth disparities.

Big companies drove Donald Trump’s tax cut law but refused to commit to any specific wage hikes for workers, despite repeated White House promises it would help employees, an investigation shows. The 2017 Tax and Jobs Act – the Trump administration’s one major piece of enacted legislation – did deliver the biggest corporate tax cut in US history, but ultimately workers benefited almost not at all.

Sen. Kamala Harris and her husband reported a total income of about $2 million in their 2018 federal tax return, according to a large release of filings on Sunday by the California Democrat that her presidential campaign is billing as the “most transparent” of the sprawling 2020 field. Harris released 15 years of tax returns in all — three more than any other candidate. Harris’ records cover every year since 2004, when she was the elected district attorney of San Francisco.

Comparing labor tax rates across countries is a tricky endeavor. Some countries rely mostly on income and payroll taxes charged to workers, others on payroll taxes charged to employers, and still others on compelling workers and employers to pay private parties who provide pension and health insurance products. To get an apples-to-apples comparison, you have to normalize all of these various schemes into a single labor tax concept that actually reflects just how much labor compensation is being put towards compulsory payments of one sort or another.

The first quarter of 2019 has brought a number of important legal updates pertaining to cryptocurrency taxation. Some countries, which had been cautious for a long time, have finally defined the tax treatment for virtual assets. Other states have introduced measures to ensure the transparency of crypto taxation. Below, you will find a brief overview of the 10 most important updates in cryptocurrency taxation from all over the world.

We generally like to think of our team here at Decision Data as rational. But even as data scientists and people who love to play armchair behavioral economists, we simply cannot resist the appeal of a tax return. All the reasoning and logic in the world about how it's better to pay the correct amount in taxes every paycheck and keep more of your money upfront doesn't help the fact that it's simply awesome to get a “bonus” every April, even if it is our own money. It's the large scale equivalent of finding $20 in a coat pocket.