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17 votes
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The secret IRS files: Trove of never-before-seen records reveal how the wealthiest Americans avoid income tax
43 votes -
Dutch will spend $2.7 billion on improving infrastructure to keep ASML
7 votes -
Apple loses EU court battle over €13bn tax bill in Ireland
41 votes -
Why scrapping VAT on sunscreen and public EV charging would be an expensive waste of money
13 votes -
How corporations and the wealthy avoid taxes (2017)
11 votes -
International scheme to tax billionaires’ wealth technically feasible, study [by Gabriel Zucman] finds
30 votes -
Giorgia Meloni accused of splitting Italy over law to let richer regions keep taxes. Critics say differentiated autonomy bill, sought by wealthier areas, will increase poverty in south.
9 votes -
Why 295,000 businesses are in this little building
12 votes -
Experimental real property tax basis-set rate based on usable area per person
Random thought. What if we taxed property based on the area per person of the property, as opposed to sale value? Edit and quick intro to those who mostly rent: most real property in the US,...
Random thought. What if we taxed property based on the area per person of the property, as opposed to sale value?
Edit and quick intro to those who mostly rent: most real property in the US, especially residential property, is taxed yearly based on some variation of something called "fair market value," usually assessed by a local tax assessor's office
I'm proposing that a property would be taxed for every square meter of space per person in the designated property unit. It can't be totally simplified, but should be fairly straightforward. There could also be progressive brackets. It might not make make sense to apply it strictly per person, but rather for a typical use. That is, we would assume "single family residential" properties to house 3.4 (totally made up number) people per house and property.
The goal of this is to find a fair, market-driven incentive to build density into urban cores.
A similar approach could be applied to commercial space (but probably not industrial).
It could be coupled with a sales tax (currently missing in most real property tax regimes, at least in the US) to capture runaway property valuations in certain jurisdictions.
Alternatively, we could drop the property value based tax rate (but not eliminate it), and then add a per person-area surcharge.
It's not meant to increase revenue, although it could certainly be used that way. It could also be use to decrease revenue, and maybe that would be a good way to sell it. But at the end of the day, developers and residents would both have an incentive to pursue as dense development as possible, even if there is not a density driving pressure of desirablity, which only exists in a few really cool urban cores.
8 votes -
Sweden has a global reputation for championing high taxes and social equality, but it has become a European hotspot for the super rich
19 votes -
Spending cuts are often false economies that end up costing society dearly
16 votes -
New Jersey is motivating telecommuters to appeal their New York tax bills. Connecticut may be next.
13 votes -
Norway unveiled plans to remove a loophole used by the Nordic nation's richest – government attempts to drag more tax revenue out of the fleeing billionaires
15 votes -
A campaign run by an anonymous entity to block international tax transparency initiatives
16 votes -
Abolishing inheritance tax sent Stockholm's startup ecosystem soaring – tax cut could revive Britain's flagging economy
9 votes -
Stop pretending you’re not rich [2017]
31 votes -
Economist Gabriel Zucman investigates the wealth stored in tax havens (2019)
22 votes -
Will US companies hire fewer engineers due to Section 174?
20 votes -
Global minimum tax on multinationals goes live to raise up to $220bn
28 votes -
British trader Sanjay Shah has landed in Denmark after being extradited from the United Arab Emirates over tax fraud charges worth £1.46bn
6 votes -
The US Supreme Court case seeking to shut down wealth taxes before they even exist, has potential to end existing tax worth hundreds of billions
33 votes -
The ‘Georgists’ are out there, and they want to tax your land
31 votes -
Ten years of exposing the financial secrets of some of the world’s most powerful people
12 votes -
Detroit wants to be the first big American city to tax land value
33 votes -
Please explain tax credits to me (US)
I feel like I have a basic understanding of tax credits, but nothing so far as would make the most sense in what I want to know: I'm looking into buying a new car, and it looks like I can get a...
I feel like I have a basic understanding of tax credits, but nothing so far as would make the most sense in what I want to know: I'm looking into buying a new car, and it looks like I can get a 7500 tax credit for the car I'm interested in buying. My understanding is that these credits are "non-refundable" meaning I don't actually get that money back, but how does it still work? I pay into the income tax (I know, I don't want to know the benefits of doing this vs not, it's just easier for me to pay more and get some back when the time comes), so I always get a refund. Would my refund be higher then because I get a credit on the taxes that I paid in? Or would it be the same and my tax liability would be reduced?
I need someone to explain this to me like I'm 5, please!
15 votes -
Norway wealth tax pushes the rich to move to Switzerland – millionaire prime minister has embarked on a push to tax the wealthiest for social justice
41 votes -
The IRS plans to crack down on 1,600 US millionaires to collect millions of dollars in back taxes
48 votes -
Poland cuts tax for first-time homebuyers and raises it for those buying multiple properties
29 votes -
How unused gift cards power Delaware's economy
7 votes -
This is how we finally kill TurboTax
51 votes -
We need to raise a lot more in tax from the wealthy but that does not convince me that we need a wealth tax
39 votes -
US tax code blamed as wealthy see major retirement account gains
44 votes -
How the ultrawealthy use private foundations to bank millions in tax deductions while giving the public little in return
37 votes -
Tax prep companies shared private taxpayer data with Google and Meta for years, congressional probe finds
45 votes -
Stocks in a class action window
So, if I have stocks that were purchased during the class window of a class action lawsuit, is it okay for me to sell them? It's not a large amount of money at stake here, but it'd also be nice to...
So, if I have stocks that were purchased during the class window of a class action lawsuit, is it okay for me to sell them?
It's not a large amount of money at stake here, but it'd also be nice to be able to recoup some of the losses I had due to the misleading information that caused me to buy the stock and ive filled out the forms but they didnt say anything about future actions just asked when i bought or sold any at the time of the suit. I am not sure if it's okay to sell them or if I should hold them.
Any one have recommendations? This is US stock exchange, and if I did sell they'd be at a loss and I have sold other stocks at profit so I would be looking at capturing the losses on my taxes.
3 votes -
PwC Australia to sell its government business for A$1, and appoint new CEO, after tax advice scandal
7 votes -
Taxing the superrich
11 votes -
Super-rich abandoning Norway at record rate as wealth tax rises slightly – flood moving abroad has come as a shock and is costing tens of millions in lost tax receipts
10 votes -
The greatest tax system in the world – why can't America be as great as the Faroe Islands?
14 votes -
Donald Trump's company sentenced to pay $1.61 million penalty for tax fraud
11 votes -
Norway-style windfall tax on energy companies could raise £33.3bn extra by 2027, plugging a hole in UK government finances, analysis has found
4 votes -
The case of the disappearing ink—a US tax court mystery
4 votes -
UK scraps tax cut for wealthy that sparked market turmoil
11 votes -
UK in turmoil as government's gamble to solve economic woes fuels crisis, instead
9 votes -
Tax excess margins
2 votes -
Norway seeks solution to looming EU tax on car batteries – batteries produced outside the UK or the EU after 2027 face a 10% customs tax
5 votes -
America's highest earners and their tax rates revealed
21 votes -
US FTC sues to stop “deceptive” TurboTax “free” ad campaign
22 votes -
Why Galesburg has no money
8 votes