- 8 years ago Sticky: Welcome to t/tax! Come and introduce yourself.
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+11 +1
The Progressive Tax Reform You’ve Never Heard Of
Put simply, if Congress were to adopt a territorial system to tax only U.S.-originated revenue without addressing profit shifting, corporations would continue to artificially book income in tax havens. Tax revenue would continue to plummet. There is a remedy that fixes profit shifting, adopts a territorial tax, and solidifies tax revenue, by adapting a variation of the corporate tax system already used at the state level.
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+7 +1
Americans would take these 4 steps to fix Social Security
Results from a new survey of more than 8,600 registered voters across the country, conducted by the Program for Public Consultation at the University of Maryland, suggest that a large majority of Americans are ready for a plan that would deal with most, if not all, of the Social Security shortfall, if the problem and the possible remedies are clearly presented to them.
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+8 +1
Gary Johnson loses his cool when pressed on his disputed tax policy
A quick interview with the Libertarian candidate for presidency of the USA.
1 comments by rti9 -
+12 +1
Treasury tries to thwart EU plans for tax haven blacklist
The UK government is fighting a rearguard action to prevent Guernsey, Jersey and British overseas territories from going on an EU blacklist of tax havens. At a meeting of EU finance ministers on Tuesday in Brussels, David Gauke, chief secretary to the Treasury, will tell his counterparts that the UK opposes attempts to put territories with a zero rate of corporation tax on an EU list of “non-cooperative” jurisdictions.
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+40 +1
Vancouver slaps $10,000 a year tax on empty homes. Lie about it and it’s $10,000 a day
Want to keep your million-dollar luxury pad in Vancouver empty? Get ready to pay $10,000 (US$7,450) annually in extra taxes. Lie about it? That’ll be $10,000 a day in fines. Canada’s most-expensive property market, suffering from a near-zero supply of rental homes, announced the details of a new tax aimed at prodding absentee landlords into making their properties available for lease. The empty-home tax will take effect by Jan. 1 and will be calculated at one per cent of the property’s assessed value, Vancouver Mayor Gregor Robertson told reporters at City Hall.
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+14 +1
Portland to vote on taxing companies if CEO earns 100 times more than staff
City official proposing the tax, considered the first of its kind, says income inequality is among society’s greatest challenges: ‘It’s absolutely frightening’
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+2 +1
Tax law has more Americans living abroad renouncing citizenship, lawyer says
A Calgary lawyer says an increasing number of Americans living abroad are renouncing their U.S. citizenship because of a recently passed tax law.
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+26 +1
Beware the latest tax-season spear-phishing scam
This year’s variation on the CEO scam goes after W-2 forms and then adds a wire fraud on top
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+23 +1
Vacant Homes Are A Global Epidemic, And Paris Is Fighting It With A 60% Tax
Runaway real estate speculation has been filling global capitals with vacant homes, creating artificial shortages in the world’s most sought after cities. The “shortage” has made local home owners wealthy overnight, but it comes at the cost of turning lively cities into empty shells. The city of Paris has decided it’s had enough, and implemented a tax in 2015. They didn’t quite get the results they wanted, so they’re now tripling the tax to 60%.
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+57 +1
Republicans' Obamacare repeal plan would cut taxes on the wealthy
The move would save the top 0.1 percent of earners about $195,000 annually, according to the Tax Policy Center.
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+8 +1
Too few earners being asked to carry the ever-increasing burden of financing the State
In the last few days, the Government has begun rolling out increases in social welfare payments for 1.3 million people. Payments, like the pension and the dole, are going up by €5 a week, in what will cost €301m. Increases for pensioners are justified on the basis that they have lived through periods of hyper inflation, punishing income tax rates and sky-high mortgage interest rates. It will help them to live with dignity and independence.
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+2 +1
White Nationalist Group Loses Tax-Exempt Status
The Internal Revenue Service revoked NPI’s 501(c)) nonprofit tax-exempt status because the organization failed to file tax returns for three consecutive years, the Los Angeles Times reported this week. The revocation was retroactive to May 15 of last year when the nation’s leading alt-right group’s 2015 tax return would have been due. Tax records for nonprofits and charities are available for public inspection, showing total annual donations and how the money is expended, including salaries.
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+36 +1
Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds
Here's a brief economic history of the last quarter-century in taxes and growth. In 1990, President George H. W. Bush raised taxes, and GDP growth increased over the next five years. In 1993, President Bill Clinton raised the top marginal tax rate, and GDP growth increased over the next five years. In 2001 and 2003, President Bush cut taxes, and we faced a disappointing expansion followed by a Great Recession. Does this story prove that raising taxes helps GDP? No. Does it prove that cutting taxes hurts GDP? No.
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How-to-1 +1
Worried About Making Your Florida Property Tax Payments?
We know that owning a home is expensive and that it can be easy to fall behind on property tax payments. We also know the hardships that falling behind on your property taxes can bring; tax liens pla…
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+20 +1
Filing Taxes Could Be Free and Simple. But H&R Block and Intuit Are Still Lobbying Against It.
The makers of TurboTax and other online systems spent millions lobbying last year, much of it directed toward a bill that would permanently bar the government from offering taxpayers prefilled filings.
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Current Event+1 +1
IRS Employee Indicted for Stealing Taxpayers’ IDs and Filing Fraudulent Returns
A federal grand jury sitting in the Northern District of Georgia indicted an Internal Revenue Service (IRS) employee today for wire fraud and aggravated identity theft, announced Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and U.S. Attorney John A. Horn for the Northern District of Georgia.
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+20 +1
Trump’s Tax Proposal Is Just a Symptom of the Disease
No wonder this administration can't get anything done. It specializes in wishful thinking. By Megan McArdle.
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+21 +1
Three Ways Trump's Tax "Cuts" Will Raise Taxes
Tax cuts are great when they are actually tax cuts. In a system with a central bank, though, tax cuts are never tax cuts if there are no spending cuts to accompany them. This is because tax cuts without spending cuts simply mean more deficit spending.
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+28 +1
Trump money laundering in the Netherlands: Paper trail could be the end
Cool, calm and collected – everything Donald J. Trump is not, Dutch media are calmly but steadily on the trail of what could best be described as toilet paper hanging from his pants. You can try and deny it but the facts are there, Donny. We look for you at night. Back in 2009 Barack Obama called the Netherlands a tax haven, together with places like the Cayman Islands, and struck the Dutch right in our tiny, little sensitive hearts.
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+16 +1
President Trump's Tax Returns Show Some Income from Russia
The 2013 Miss Universe pageant held in Moscow and a property sold to a Russian billionaire.