Voters Pass A Tax On The Rich To Pay Teachers More November 9, 2020 Voters Pass A Tax On The Rich To Pay Teachers More2020-11-092020-11-09https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/11/signs1_1-e1604962431813.jpg200px200px Above photo: Christina Estes/KJZZ. Marana, AZ – Prop 208, Invest in Ed, passed. A 3.5 percent tax increase will be applied to any individual making more than $250,000 a year or if a household makes more than $500,000 a year. That money will go towards public education. Meagan Brown, a special education teacher at Twin Peaks School in Marana said this additional funding is needed for the state. “Long story short, I just don’t want teachers […]
Tax
Rapper 50 Cent has become an unlikely supporter of Donald Trump’s reelection campaign, with the hip hop artist reacting in horror to Joe Biden’s tax plan, which hikes rates on high earners, and calling on fans to “vote for Trump.” The ‘Get Rich or Die Tryin’ star threw his weight behind the president in an Instagram post on Monday, sharing a screencap from a news broadcast showing the top combined state and local tax rates under Biden’s proposal along with an outraged caption. “WHAT THE F**K! (VOTE for TRUMP) I’M OUT. F**K NEW YORK The KNICKS never win anyway,” he wrote, […]
A Puerto Rico-based bank founded by gold bug and long-time bitcoin skeptic Peter Schiff is under investigation over suspicions it facilitated tax evasion for “high-risk” clients. According to reports on Saturday by several large media organizations in Australia and the U.S., Schiff’s Euro Pacific Bank has become the focus of a major global tax evasion investigation dubbed “Operation Atlantis.” Hundreds of account holders at the bank, including 100 Australians considered “high risk,” are now being investigated over possible tax evasion and money laundering. These reportedly include Simon Anquetil, the man behind major Australian tax fraud Plutus Payroll, and Australian entrepreneur and […]
Clinton Foundation whistleblowers Lawrence W. Doyle and John F. Moynihan have scored their first victory in the litigation against the Internal Revenue Service (IRS). Wall Street analyst Charles Ortel has explained what consequences it will have for the powerful political dynasty and its associates. On 8 October, US Tax Court Judge David Gustafson issued an opinion ruling that the IRS’s Whistleblower Office (WBO) had “abused its discretion” in trying to dismiss “specific credible documentation” put forward by Doyle and Moynihan thus allowing the case against the Clintons’ charities to go on. Investigators Doyle and Moynihan Raised the Red Flag Although the […]
President Trump and his allies have responded to recent revelations of his miniscule federal income tax bills by saying they’re overheated fake news. But on the debate stage Wednesday night, Vice President Mike Pence went a step further—saying the story served to highlight that Trump, unlike Democratic nominee Joe Biden, has been a true American job creator, not a career politician. “The American people have a president who is a businessman, a job creator, who has paid tens of millions of dollars in taxes, payroll taxes, property taxes. He’s created tens of thousands of American jobs,” said Pence. “The president said […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202010071080697649-new-york-prosecutor-can-get-access-to-trumps-tax-returns-federal-appeals-court-ruling-says/ Source link
Former software guru and one-time presidential candidate John McAfee has been nabbed in Spain on tax evasion and cryptocurrency fraud, ending his year long stint as a globetrotting fugitive. He now faces extradition to the US. The US Department of Justice and Securities and Exchange Commission both announced charges for McAfee on Monday, hitting the security software founder with 10 counts linked to dodging the IRS and another series of charges for promoting investments in cryptocurrencies without disclosing that he was paid some $23 million to do so. “John McAfee earned millions in income from promoting cryptocurrencies, consulting work, speaking engagements, […]
Jersey’s population is no bigger than that of Dover. And yet companies and people on the Channel Island invest more money into the U.K. than those in China or Germany—£112bn ($145bn) a year. It has £1 trillion ($1.3tn) sitting in its trusts, companies, funds and foundations, according to a report commissioned by Jersey’s finance lobby group, and much of this is pumped into London. With so much money under its domain, Jersey has staked its reputation on being a better-regulated and more transparent tax haven than other offshore jurisdictions. A huge leak of secret files from a prominent Jersey trust company […]
A reading of a new piece from the Wall Street Journal that NLW argues shows a shifting mainstream narrative. NLW argues the piece reflects a changing conversation in mainstream financial circles about the possibility of inflation on the other side of new Federal Reserve policy. Source link
Unretouched Ivanka Guardian: She has tried to be the acceptable face of Trumpism while seemingly nurturing political ambitions of her own. But Donald Trump’s eldest daughter, Ivanka, did not emerge from recent revelations over his financial affairs unscathed. Ivanka can’t be an employee AND get over 700k in consulting fees for closing three hotel deals. It doesn’t work like that – it’s called fraud. Tax fraud. It’s an indictable offence. #TrumpTaxCheat https://t.co/ns9ovZyHqL — Scott Edwards (@EddySr1728) October 2, 2020 A nugget in the New York Times’s investigation into the US president’s tax returns could potentially cause lasting damage to Ivanka, currently a […]
Analysts say real estate tax breaks allowed President Trump to personally avoid high taxes. Above, Trump prepares to sign tax legislation into law in the Oval Office on Dec. 22, 2017. Chip Somodevilla/Getty Images hide caption toggle caption Chip Somodevilla/Getty Images Analysts say real estate tax breaks allowed President Trump to personally avoid high taxes. Above, Trump prepares to sign tax legislation into law in the Oval Office on Dec. 22, 2017. Chip Somodevilla/Getty Images A manager at McDonald’s likely paid more federal income tax than President Trump did the year he took office. The president’s tax returns show he paid […]
https://cdn1.img.sputniknews.com/img/106612/98/1066129808_0:88:1992:1208_1200x675_80_0_0_e4441e0ba27a938937d13c66880d2328.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Max Gorbachev. Sputnik International https://sputniknews.com/sport/202009301080623878-football-star-neymar-tops-the-list-of-spains-tax-debtors/ This is not the first time that the Brazilian forward, whom Forbes Magazine ranked third in the list of highest paid football players, is accused of violating tax laws. In 2016, he was found guilty of tax evasion by a Brazilian court and was ordered to pay fines; however, he later appealed the case and was cleared of criminal charges. Brazil and Paris Saint-Germain star Neymar is in the news again, but this time not because of his performance on the pitch. The 28-year-old has made it into the list of Spain’s […]
US President Donald Trump and Democratic nominee Joe Biden have had an intense first presidential debate in Cleveland on Tuesday. During the debate, Trump and Biden were constantly interrupting and sniping at each other, making it hard for moderator Chris Wallace to follow the time limits set for each speaker. He even had to raise his voice when the debaters interrupted each other or diverged from the topics they were supposed to discuss. Heated Debate Seeking to dispel rumours of his age-related sluggishness, Biden called Trump “the worst president America has ever had” and energetically attacked his handling of the coronavirus outbreak, economic crisis […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202009301080615844-trump-says-paid-millions-of-dollars-in-income-tax/ Prior to the first presidential debate against Trump, Democratic nominee Biden released his tax returns, putting pressure on the US president to do the same. Donald Trump said during the Tuesday debate against Democratic presidential candidate Joe Biden that he has paid “millions of dollars” in income tax. MORE DETAILS TO FOLLOW Source link
President Trump has reportedly claimed tens of thousands of dollars in tax deductions over expenses such as haircuts. Trump is seen here during a briefing at the White House in March. Mandel Ngan/AFP via Getty Images hide caption toggle caption Mandel Ngan/AFP via Getty Images President Trump has reportedly claimed tens of thousands of dollars in tax deductions over expenses such as haircuts. Trump is seen here during a briefing at the White House in March. Mandel Ngan/AFP via Getty Images Hair. It’s long been a priority for Donald Trump. Tax documents obtained by The New York Times show that during […]
Donald Trump, a self-proclaimed billionaire, paid only $750 in federal income taxes in the year he was elected US president, according to a stunning New York Times investigation that could shake up the presidential election. New York Times: Donald Trump paid no income taxes in 10 of past 15 years beginning in 2000 https://t.co/gqpAGb0MMh — Shimon Prokupecz (@ShimonPro) September 27, 2020 “Trump taxes show chronic losses and years of tax avoidance,” was the banner headline on the paper’s website on Sunday. The president’s tax returns have long been the holy grail of American political reporting. The president “paid $750 in federal […]
Illustration by Elizabeth Brockway/The Daily Beast On the one hand, Donald Trump isn’t saying anything he didn’t say in 2016—I’ll respect the results if I win, and so on. On the other, though, there is one thing that’s very different: He’s president now. He wasn’t then. And when a sitting president refuses to commit to the peaceful transfer of power, that’s a flag that’s as red as red gets (and he gets a kick out of it, as the Beast reported). But this column isn’t aimed at Trump. It’s aimed at everyone else, especially this country’s elites, from politics to the […]
Fintech giant Plaid has quietly added support for two DeFi applications, the IRS wants to know about your crypto holdings and data shows the total value of stablecoins has surpassed the $20 billion milestone. Plaid <3 DeFiVisa-owned fintech company Plaid, which connects traditional bank accounts to thousands of digital platforms has quietly added support for Dharma’s DeFi wallet and Teller Finance, a DeFi startup bringing unsecured lending to the Ethereum blockchain. CoinDesk’s Ian Allison got the scoop that Plaid’s head of UK, Keith Grose, is a believer in decentralized and open applications, even if it’s a cynical attempt for fintech to manage its […]
The district attorney’s office for the Manhattan borough of New York City, New York, has suggested in new court filings that US President Donald Trump could be the subject of a tax fraud probe, as “mountainous” public allegations of misconduct exist regarding 45 and his businesses. Lawyers working for the office of Manhattan District Attorney Cyrus R. Vance Jr. issued a new filing in the US Court of Appeals for the Second Circuit on Monday, arguing that a grand jury probe could be initiated solely based on misstatements and other public allegations about the president’s finances. “Even if the grand jury […]
The tax, introduced in a bid to achieve the EU goal of limiting the annual consumption of plastic bags, has been previously slammed as “tokenism” and “virtue signalling”, resulting in no real accomplishment. Merely four months since Sweden’s new tax on plastic bags, touted as a step toward a greener world, came into force, it is now being judged by experts as a massive failure. The environmental impact has increased, tax revenues have not been achieved and there is now a shortage of bags. Since the tax was introduced, sales of taxed plastic bags have decreased by 70 percent at Ica, […]
The Spanish government has come up with a new way of taxing tech giants by seeking to classify the likes of Facebook, Telegram, and Google’s parent company, Alphabet, as telecom providers. Telecommunications Secretary Roberto Sanchez introduced a new bill on Friday, requiring all companies providing telecommunications services to register as telecommunications operators – even if they do not provide any phone numbers. The legislation is set to go through public hearing and get parliamentary approval, and is not expected to be finalized until the end of the year. If Madrid proceeds with the initiative, Big Tech companies would have to pay the […]
Earlier on Sunday, British business leaders berated Health Secretary Matt Hancock for “scaremongering” talk about a possible second national lockdown that they said risks “untold damage” to businesses trying to recover from the first one. UK Treasury officials are considering a £30 billion ($40 billion) tax raid on the wealthy to fill a gap in the country’s finances caused by the COVID-19 crisis, The Sunday Times reports. The newspaper cited Chancellor of the Exchequer Rishi Sunak as saying that “the political reality is that the only place you can get the money is from the better-off; the polling shows this would […]
A hacker has stolen data on more than 1,000 users from CryptoTrader.Tax, an online service used to calculate and file taxes on cryptocurrency trades. The hacker broke into a CryptoTrader.Tax marketing and customer service employee’s account on a support center platform, according to a source who came across the hacker on a dark web forum. With this access, the hacker could see customers’ names, email addresses, payment processor profiles and messages sometimes containing cryptocurrency incomes. The hacker then screengrabbed samples of this sensitive information, posted them on the forum to entice potential buyers of the data trove and sent additional pictures […]
Previous Chancellor Philip Hammond slapped a two per cent tax on top digital companies, which are largely American, with concerns having since mounted that the companies could pass on the costs to customers. The move is also understood to have angered Washington, which believes the tax stands in the way of effective trade talks. The Digital Services Tax (DST), dubbed the “Facebook tax” on big tech companies, which was introduced last April, could be ditched after Chancellor of the Exchequer Rishi Sunak came to believe that the £500 million a year it is expected to raise is a drop in the […]
After meeting with Iraqi Prime Minister Mustafa al-Kadhimi in the Oval Office, President Trump addressed the judge’s ruling, calling the case a “continuation of the witch hunt.” Anna Moneymaker/Pool/Getty Images hide caption toggle caption Anna Moneymaker/Pool/Getty Images After meeting with Iraqi Prime Minister Mustafa al-Kadhimi in the Oval Office, President Trump addressed the judge’s ruling, calling the case a “continuation of the witch hunt.” Anna Moneymaker/Pool/Getty Images A federal judge has dismissed President Trump’s latest attempt to block a subpoena for his tax records from the district attorney of Manhattan. Thursday’s ruling by U.S. District Judge Victor Marrero came in response […]
Clinton-appointed U.S. District Judge Victor Marrero on Thursday rejected President Trump’s second attempt to quash an investigation by abusive New York prosecutors seeking his tax returns and financial documents. Recall, Judge Marrero previously denied Trump’s first attempt to block a subpoena from crooked Manhattan DA Cyrus Vance. The Supreme Court also ruled last month that a US president is not immune from a grand jury subpoena while in office. “At its core, it amounts to absolute immunity through a back door, an entry point through which not only a President but also potentially other persons and entities, public and private, could […]
The Basic Case For A Wealth Tax By Bob Lord and Lee Price, Inequality.org. August 19, 2020 The Basic Case For A Wealth Tax2020-08-192020-08-18https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2019/06/inequality-e1560652979383.jpg200px200px Changes in tax policy since 1980 have been driving U.S. inequality to levels not seen since the original Gilded Age. Reversing that trajectory — and restoring a more egalitarian society — will require a complete overhaul of the changes in tax policy we’ve seen over the past four decades. Taxes as a share of national income have now been remarkably stable for 40 years. Total federal tax revenue last year stood at 17 percent, about the average […]
Bernie Sanders is proposing a new wealth tax on billionaires called the ‘Make Billionaires Pay’ act. He wants to tax wealth they have generated during the Coronavirus pandemic, to fund healthcare for all Americans for one year. His socialist instincts always get the best of him. CNBC reports: TRENDING: EXCLUSIVE: Killer Cuomo Not Only Murdered Thousands of Elderly In Homes, He Also Targeted Adult Care Facilities and Group Homes for People with Disabilities Sen. Sanders proposes one-time tax that would cost Bezos $42.8 billion, Musk $27.5 billion Top tech leaders and other billionaires would be forced to hand over billions of […]
Juan Carlos I, the former king of Spain has gone into exile. He abdicated power in 2014 after breaking his hip on an African elephant hunting safari where it emerged he was killing big game with a woman who was not Queen Sofia. The former monarch is concurrently under investigation for financial mischief in Spain and Switzerland. Juan Carlos I’s abdication just six years ago scandalized the Spanish nation after it was revealed that the hunting foray in Botswana was subsidized by a Syrian-born Saudi businessman named Mohamed Eyad Kayali, who remains a key advisor to Prince Salman bin Abdulaziz Al […]
In an era when machines may leave millions of people without jobs, Russia is reportedly exploring the possibility of collecting taxes from robots, making the payments equal to income taxes paid by human employees. Russian companies may have to pay 13-percent tax for using robots instead of people, Izvestia newspaper reported citing a proposal laid out by the Progressive Education Institute, an independent non-profit organization. The initiative has already been sent for review to Russia’s Finance Ministry and received support from some lawmakers and government officials. Also on rt.com First self-driving taxis to hit Moscow streets in 2024 Money received from […]
The Washington County prosecutor’s office says Chauvin and his wife underreported their joint income from 2014 through 2019 by $464,433. (Image credit: AP) Source link
Refaeli and her mother previously confessed to evading paying taxes on income nearing $10 million. According to their plea bargain, the family will repay millions in taxes as well as a $1.5 million fine; the model was sentenced to nine months of community service, while her mother will spend 16 months in prison. Israeli top model and TV hostess Bar Refaeli and her mother Tzipi were convicted by a Tel Aviv court on Monday on four counts of tax offences. According to the prosecutors, Refaeli provided incorrect tax information, as she had to declare her worldwide income in 2009-2012; Refaeli claimed that […]
Dozens of immigrant workers have begun a joint 24-hour fast and sleep-out outside billionaire Jeff Bezos’ $16 million penthouse in Manhattan, to lobby New York authorities to tax the wealthy to help the pandemic-affected poor. High-profile Representative Alexandria Ocasio-Cortez is among those behind a campaign to push New York Governor Andrew Cuomo to further tax the mega-rich in the state and use the revenue generated to help workers in need of assistance during the pandemic. Eyewitness footage from the scene shows the workers, joined by city council members, set up camp on Fifth Avenue near the Amazon-owner’s apartment. Following the sleep-out […]
A week after the Supreme Court ruled President Donald Trump is not immune from turning over his tax returns and other financial records to the Manhattan district attorney, the president’s legal team said in a Thursday hearing they intended to keep fighting the “wildly over-broad subpoena”—an argument slammed by prosecutors as a back-door attempt to create temporary “absolute immunity.” Federal Judge Victor Marrero—who originally presided over the case and denied the president’s efforts to block Manhattan District Attorney Cyrus Vance from subpoenaing eight years of Trump’s tax returns last year—questioned both sides in a Thursday hearing about what has changed since […]
Amazon Taxed! Lessons Of The Tax Amazon Victory In Seattle July 16, 2020 Amazon Taxed! Lessons Of The Tax Amazon Victory In Seattle2020-07-162020-07-16https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/07/amazon-taxed-from-socialist-alternative-e1594917064485.jpg200px200px Above photo: Amazon Taxed from Socialist Alternative. The Tax Amazon movement and Seattle’s working class won a historic victory on Monday, July 6. Following a three year struggle against the richest man in the world – Jeff Bezos – and his political establishment, we’ve won a tax on big business in the Seattle City Council that will raise an estimated $210-240 million a year, creating tens of thousands of green union jobs by building permanently affordable social housing. This […]
https://cdn1.img.sputniknews.com/img/104701/10/1047011096_0:285:5472:3363_1200x675_80_0_0_afbf4dbf15014d6dafad69ae062d132c.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202007151079894411-trump-lawyers-promise-fight-to-block-new-york-da-from-getting-presidents-tax-returns/ Last week, the Supreme Court ruled 7-2 to allow Manhattan District Attorney Cyrus Vance Jr. to subpoena Donald Trump’s tax returns on as part of a grand jury probe into alleged payoffs to former porn star Stormy Daniels and ex-Playboy model Karen McDougal in 2016, with the president accusing the Supreme Court of bias and “prosecutorial misconduct.” Lawyers representing President Donald Trump and the Trump Organization told a judge from the US District Court in Manhattan Wednesday that they would present additional legal challenges to District Attorney Vance’s attempt to get a look at […]
For years, Donald Trump has been claiming that he can’t release his tax returns because at least some of them are still under audit by the IRS. As recently as this past Thursday, White House Press Secretary Kayleigh McEnany repeated that reasoning to reporters, saying, “The media’s been asking this question for four years, and for four years, the president has said the same thing, his taxes are under audit, and when they’re no longer under audit, he will release them.” On Sunday morning, the president’s personal lawyer Rudy Giuliani blew up that excuse once and for all. After telling Fox […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/world/202007101079852488-us-to-impose-25-additional-tariffs-on-french-imports-as-response-to-digital-tax/ France’s tax has been a source of tensions between Paris and Washington, as the latter believes the tax unfairly targets US companies. The United States will impose additional 25 percent tariffs on imports from France, estimated at $1.3 billion, as a response to the French digital tax. It will also suspend implementation for up to 180 days. MORE DETAILS TO FOLLOW Source link
For years Americans schools have been filled up with leftist teachers and administrations more interested in indoctrinating students than teaching students. ** In October 2017 a Wyoming high school assigned a quiz with an answer about shooting President Trump.** A teacher at a West Virginia school was caught wearing a “Tuck Frump” jacked in her classroom.** And Tucker Carlson recently highlighted how wealthy universities that trash and censor conservatives were taking stimulus cash during the pandemic. The examples of the toxic nature of far left bias in American schools is endless. On Friday, President Donald Trump threw down the gauntlet. TRENDING: […]
On Thursday the Supreme Court ruled a grand jury in Manhattan can subpoena President Trump’s tax returns in their ongoing witch hunt against the president. Mark Levin blasted the decision and warned the SCOTUS judges that Congress can now subpoena their tax returns! 2. I can see a situation in which the House or the Senate decides that it must have access to all of the justices’ tax and financial records each year to determine if they’re influences in any way to write the decisions they write or vote the way they vote on numerous cases. — Mark R. Levin (@marklevinshow) […]
President Donald Trump must release his tax returns and other financial records to the Manhattan district attorney, the Supreme Court has ordered. In a 7-2 vote, the court sided with Manhattan District Attorney Cyrus Vance who requested eight years’ worth of Trump’s business and personal tax records to help investigate whether Trump and his company violated state laws in connection with hush-money payments to several women that allegedly had affairs with the president. However, in a separate ruling, the Supreme Court ruled that it won’t allow Congress to get tax and financial records. Trump has been refusing to release his tax […]
New Delhi (Sputnik): On Saturday, Bharatiya Janata President JP Nadda had accused Sonia Gandhi and family of conniving with China by receiving funds from the country for the Rajiv Gandhi Foundation. Allegations had come amidst the attack on Modi Government by Opposition over stand-off with China. The Indian government has set a high level committee, headed by the special director of the Enforcement Directorate, India’s economic intelligence and law enforcement agency, to investigate the funding received by three Nehru-Gandhi family linked trusts. It is suspected that these trusts had received funds in violation of various laws, like those prohibiting money laundering […]
Previously, rumours that government measures to help cut costs for anyone buying a home might be delayed until the autumn budget in October had critics warning that this would force people to postpone their purchasing plans amid a flagging property market. UK Finance Minister Rishi Sunak is reportedly poised to temporarily scrap the stamp duty on most homes on Wednesday in a measure aimed at reinvigorating the housing market, that has been hard-hit by the coronavirus pandemic, reported the Daily Mail. The UK’s stamp duty is a tax that is levied on single property purchases. Whitehall sources are cited as suggesting that […]
Israeli lawmakers have approved the prime minister’s request for retroactive tax benefits worth about 1 million shekels at a time when the nation is being hit by a crippling economic crisis. Benjamin Netanyahu has said that he was right to ask for a massive tax rebate, but apologised for making the request at an inappropriate time. The Israeli prime minister tweeted on Sunday that the decision by the Knesset Finance Committee to give him tax relief was “justified.” “It is correct that I should not be charged with a personal levy that has never been imposed on any other prime minister,” […]
‘Unacceptable threat’ and ‘provocation’: European nations fume after US pulls out of talks on global digital tax …from Russia Today, Moscow [ Editor’s Note: The US pulled out of the digital tax talks with Europe when they were at the 11th hour. Gosh, might it have something to do with Trump’s election year worries? Internet giants like Google and Facebook have avoided taxation by parking their profits in tax havens, where Ireland is the most popular rabbit hole. The company revenues are structured to pass all the profits to a “home office corporation” incorporated in a low tax or no tax […]
Russia is planning to introduce a progressive tax regime, adding a 15% tax bracket for those earning over five million rubles ($72,000) a year, President Vladimir Putin said. The money will be used to treat severely ill children. In a televised address on Tuesday, Putin explained that a tax hike would raise approximately 60 billion rubles a year ($870 million), with Russia’s highest earners paying an extra two percent tax on their income. The rate for all other Russians will remain unchanged at 13 percent. He said that the tax increase will be used to treat children with serious illnesses, removing […]
Russian IT firms may enjoy significantly lower income tax and insurance payments, according to a plan laid out by Prime Minister Mikhail Mishustin. The tax break envisages a nearly twofold reduction of insurance payments – from 14 percent to 7.6 percent – while income tax could be cut to three percent from the current level of 20 percent, Russian business daily Vedomosti said, citing two government officials. Additionally, the prime minister reportedly offered to cancel value-added tax (VAT) on software and IT development ads on foreign digital platforms and provide special subsidies for developers. Also on rt.com Most Russian companies face […]
Earlier this week, US Trade Representative Robert Lighthizer pointed out that no progress had been made in negotiations between American and EU officials on a global digital tax deal. French Foreign Minister Bruno Le Maire has slammed the US over its move to suspend talks on a global digital services tax, proposed by the Organisation of Economic Co-operation and Development (OECD). Referring to US Treasury Secretary Steven Mnuchin’s recent letter on the matter, Le Maire described the document as “a provocation”. “It’s a provocation towards all the partners at the OECD when we were centimetres away from a deal on the […]
Submitted to VT by the Washington Post This morning in a Washington Post Live event focused on health conditions for veterans, comedian and longtime veterans advocate Jon Stewart said he believes war profiteers should have to pay 10% contingency for those who suffer from the effects of war similar to how oil and gas companies pay after spills. Jon Stewart: “I would like to see the people who profit off of war have to kick in for the people who suffer from the effects of it…I think war profiteers should kick in a 10% contingency plan…” https://t.co/awTMIhZSrw pic.twitter.com/hDnfYjtmZd — Washington Post […]
An economic relief check distributed by the IRS to help with hardships caused by the coronavirus pandemic. It may take some time for the IRS to get through its backlog of work. Eric Gay/AP hide caption toggle caption Eric Gay/AP An economic relief check distributed by the IRS to help with hardships caused by the coronavirus pandemic. It may take some time for the IRS to get through its backlog of work. Eric Gay/AP Federal workers are starting to be called back into their offices in some areas, and among the first to be returning are employees of the Internal Revenue […]
Donald Trump’s niece, his deceased brother’s daughter, is set to publish a tell-all book this summer that will detail “harrowing and salacious” stories about the president, according to people with knowledge of the project. Mary Trump, 55, the daughter of Fred Trump Jr. and Fred Trump Sr.’s eldest grandchild, is scheduled to release Too Much And Never Enough on August 11th, just weeks before the Republican National Convention. One of the most explosive revelations Mary will detail in the book, according to people familiar with the matter, is how she played a critical role helping The New York Times print startling […]
French President Emmanuel Macron has announced the next stage of easing coronavirus restrictions in a televised address, two weeks ahead of delayed local elections which do not look promising for his party. The president attempted to lighten the mood of his fellow citizens by telling them France enters the “Green Zone” – a lower state of alert over the epidemic – starting Monday. That means that Paris restaurants in particular can now operate as normal, he said. “The fight against the epidemic is not finished but I am happy about this first victory against the virus,” Macron stated. He also promised […]
Joe Biden is presented by Democrats and the media as a moderate, but that’s simply not true. His tax plan is ridiculously expensive. It would spend trillions more than even Hillary Clinton’s tax plan in 2016. Robert Frank of CNBC recently laid it all out. TRENDING: BREAKING EXCLUSIVE: As Soon As Simona Mangiante Papadopoulos Testified that Joseph Mifsud Worked For the Clinton Foundation, She Was Brutally Targeted and Harassed By the Left The Washington Free Beacon reports: CNBC Reporter: Biden Tax Plan ‘Most Expensive’ in Recent History “The truth is that Joe Biden, even though he’s portrayed as a moderate, is […]
The elderly have already been hit hardest by the coronavirus pandemic, but one Oxford economist thinks that they should shell out to ease the economic burden on the young. He’s since been accused of “scapegoating” the vulnerable. “Young people benefit the least from the lockdown measures, because they are less susceptible to the virus,” economist and professor Jan-Emmanuel De Neve told Belgian news channel VRT on Thursday. “The older generation should realise that young people are sacrificing themselves, both economically and in terms of mental health.” To even the score, the 41-year-old Oxford professor – who heads the prestigious university’s ‘Wellbeing […]
The Internal Revenue Service (IRS) is seeking third-party contractors to help it assess whether certain U.S. taxpayers have properly paid taxes on their crypto holdings. According to an email posted online by CryptoTrader.Tax and verified by CoinDesk, IRS Assistant Deputy Commissioner John Cardone said the agency is looking for contractors to “assist our Revenue Agents in calculating taxpayers’ gains or losses as a result of their transactions involving virtual currency.” At least one other company in the space, which asked not to be named, also received the email. The call for contractors comes as the IRS is paying increasing attention to […]
Low Income/Simple Living As War Tax Resistance By National War Tax Resistance Coordinating Committee. May 8, 2020 Low Income/Simple Living As War Tax Resistance2020-05-082020-05-08https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/05/local-tax-e1588954044178.jpg200px200px Above photo: Vermont war tax resister Janet Hicks. Matthew Thorsen. There are many methods of war tax resistance. Each accomplishes a different set of goals and involves a different level of personal risk. This pamphlet explores ways to eliminate your U.S. federal income tax by keeping income low and by using legal tax-reducing measures. It shows you how to find your “tax line” — the level below which you will have no federal income tax at all. It also describes some […]
Andrew Cuomo Democrat Governor Andrew Cuomo announced Tuesday that healthcare workers who voluntarily traveled to New York to help with the Coronavirus will have to pay state income taxes. Recall, Cuomo begged America’s healthcare workers to travel to New York to fight the outbreak at the hardest hit part of the nation. So THOUSANDS of medical workers left their families and traveled to New York, risking getting the virus in order to help others in need. Now Cuomo is taking money from the volunteer workers because his state has a $13 billion deficit. TRENDING: Armed Texas SWAT Team Raids Daddy Zane’s […]