Hacker News with Generative AI: Taxation

Republicans Reveal Trump Tax Plan Will Cost US $4.5T (newsweek.com)
The Republican House Budget resolution out Wednesday reveals the Ways and Means Committee will get $4.5 trillion to lock in tax cuts, one of President Donald Trump's major proposals.

Politics, Economics, Taxation, United States

18 points by enpera 9 days ago | 12 comments

Trump Tax Priorities Total $5 to $11T (crfb.org)
In a closed-door meeting with House Leadership today President Trump reportedly outlined his tax priorities.

Politics, Economics, Taxation

13 points by josefresco 14 days ago | 4 comments

Trump warns of doubling tax rates on foreign nationals and firms in the US (livemint.com)
United States President Donald Trump has alleged “discrimination” against American companies by other countries and threatened to double tax rates for foreign nationals and companies in the US, as per a report by the Financial Times.

Politics, Taxation, United States, Foreign Policy

10 points by agnosticmantis 18 days ago | 0 comments

LaHood Introduces Bill to Modernize Tax System for Americans Overseas (2024) (house.gov)
Washington, D.C. – U.S. Representative Darin LaHood (R-IL), a member of the House Committee on Ways and Means, introduced the Residence-Based Taxation for Americans Abroad Act, a bill that would implement a residence-based taxation system for U.S. citizens currently living overseas.

Politics, Taxation, Legislation, International Relations, United States

4 points by palidanx 19 days ago | 0 comments

A loophole used by Shein/Temu to ship packages to US tax-free (2024) (businessinsider.com)
As Shein and Temu grow their foothold in the US, analysts and lawmakers are paying close attention to both companies' use of a special tax rule that some say should be eliminated completely.

E-commerce, Taxation, International Trade, Business, Law

130 points by donsupreme 19 days ago | 107 comments

UK to soften tax rules for wealthy foreigners (cnbc.com)

UK, Taxation, Wealth, Foreigners

6 points by belter 28 days ago | 0 comments

TikTok owner asks Chinese staff in Singapore to pay taxes to Beijing (ft.com)
TikTok owner asks Chinese staff in Singapore to pay taxes to Beijing

TikTok, China, Singapore, Taxation, International Business

5 points by JumpCrisscross 30 days ago | 0 comments

The Secret IRS Files: Trove of Records Reveal How Wealthiest Avoid Income Tax (propublica.org)
In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.

Taxation, Wealth, Finance, Investigations

20 points by archagon 31 days ago | 7 comments

TurboTax has 4.8 stars on the App Store? (ycombinator.com)
Is Apple allowing fake reviews on the App Store? I find it very unlikely that TurboTax is beloved enough to merit 4.8 stars.

App Store, Reviews, Consumer Sentiment, Taxation

12 points by cyberlurker 32 days ago | 3 comments

FTC requires H&R Block to pay $7M and overhaul practices for 2025, 2026 Seasons (ftc.gov)

Finance, Law, Consumer Protection, Taxation

6 points by gnabgib 44 days ago | 1 comments

IRS to Seek Identities of U.S. Taxpayers Who Participated in the "Gig Economy" (justice.gov)
A federal court in California entered an order on Monday authorizing the IRS to serve a John Doe summons on JustAnswer LLC, seeking information about U.S. taxpayers who were paid for answering questions as “experts” during the years 2017-2020.

Taxation, Gig Economy, Legal Action, IRS

8 points by sandwichsphinx 57 days ago | 5 comments

Binance accused of tax evasion by India's finance department (theregister.com)
India's Finance Ministry has alleged crypto exchange Binance evaded almost $85 million in tax – the vast majority of around $96 million it claims digi-dollar outfits haven't paid.

Cryptocurrency, India, Finance, Taxation

8 points by LinuxBender 79 days ago | 0 comments

Over 100k Dutch have quit self-employment before stricter enforcement rules (nltimes.nl)
Many people are quitting self-employment in anticipation of the enforcement of false self-employment rules by the Dutch Tax Authority.

Self-Employment, Netherlands, Taxation, Government Regulations

12 points by LinuxBender 84 days ago | 2 comments

Taxing unrealized gains has caused an entrepreneurial exodus in Norway (paragraph.xyz)
Recently, my story as a Norwegian entrepreneur facing an unrealized gains wealth tax bill many times higher than my net income went viral, amassing over 100 million views on X. A few years ago I publicly called out that this tax is both impossible-to-pay and nonsensical, but no politician would listen. So I made the difficult decision to leave my home country.

Entrepreneurship, Taxation, Norway, Economics

94 points by koevet 85 days ago | 144 comments

The Hidden Tax Trap for SaaS Founders in Germany (vincentschmalbach.com)
Something that should worry every indie hacker considering Germany as their base: Our tax system effectively penalizes software founders who bootstrap to exit. Unlike the US, UK, or Australia where founders benefit from favorable capital gains treatment, German founders face a crushing 50% tax burden on asset sales.

SaaS, Germany, Entrepreneurship, Taxation, Startups

57 points by vincent_s 98 days ago | 112 comments

Norway's Wealth Tax Is Backfiring. Are Americans Paying Attention? (thedailyeconomy.org)
“More than 30 Norwegian billionaires and multimillionaires left Norway in 2022, according to research by the newspaper Dagens Naeringsliv,” reports wealth correspondent Rupert Neate. “This was more than the total number of super-rich people who left the country during the previous 13 years, [the paper] added.”

Wealth Tax, Norway, Taxation, Economics, United States

22 points by chaosprint 112 days ago | 68 comments

How to Tax the Rich: Piketty (lemonde.fr)
The tax debates currently underway in France and the discussions which took place at the 2024 G20 summit demonstrate that the issue of tax justice and the taxation of billionaires is not about to disappear from the public debate.

Taxation, Economics, Wealth Inequality, France

23 points by worik 127 days ago | 18 comments

Of course we can tax billionaires (pluralistic.net)
Billionaires are pretty confident that they can't be taxed – not just that they shouldn't be taxed, but rather, that it is technically impossible to tax the ultra-rich.

Taxation, Billionaires, Wealth Inequality

19 points by ssklash 129 days ago | 8 comments

Labour considers up to £3B tax raid on gambling firms (theguardian.com)
Ministers are considering a tax raid of up to £3bn on the gambling sector as Rachel Reeves casts around for funds to shore up the public finances.

Politics, Taxation, Gambling, Economy

7 points by donsupreme 133 days ago | 1 comments

Tax the Rich – European Citizens' Initiative (tax-the-rich.eu)

Politics, Taxation, Europe, Social Issues

44 points by janandonly 156 days ago | 65 comments

EU top court confirms Apple's €13 billion tax bill in the EU (dw.com)
The European Court of Justice (ECJ) ruled on Tuesday that Google had violated antitrust laws and that Apple needed to pay the European Union €13 billion ($14.3 billion) in back taxes.

EU, Law, Apple, Taxation, Business

94 points by slicedbrandy 164 days ago | 5 comments

Apple told to pay back €13B in tax by EU (bbc.com)
Apple has been ordered to pay Ireland €13bn (£11bn; $14bn) in unpaid taxes by Europe's top court, putting an end to an eight-year row.

Business, Law, Europe, Apple, Taxation

8 points by vishnugupta 164 days ago | 0 comments

EU Court: Apple received EUR 13B illegal tax subsidy [pdf] (europa.eu)

EU Law, Taxation, Apple, Business

74 points by flexie 164 days ago | 1 comments

Taxing unrealized capital gains is a terrible idea (marginalrevolution.com)

Economics, Taxation, Finance

12 points by Ozarkian 172 days ago | 0 comments

Unrealized Gain Tax–A Coming Sea Change in FY2025 Budget Proposal? (forbes.com)

Taxation, Finance, Budget, Politics, United States

13 points by tldrthelaw 177 days ago | 113 comments

Should the richest 1% – who gained $42T/decade – be taxed more? (business-standard.com)