Hacker News with Generative AI: Taxation

California Proposal to Tax Social Media Gathers Momentum (newsweek.com)
California lawmakers have moved forward with legislation that could see taxes applied to the largest social media platforms in the world.
California, Social Media, Taxation, Legislation
15 points by WaitWaitWha 17 hours ago | 25 comments
I built a Q&A platform for tax discussion in Indonesia – would love feedback (ycombinator.com)
Hi HN,<p>I recently built a platform called DiskusiPajak (https://diskusipajak.com), which is a Q&A community focused on tax-related questions in Indonesia.
Indonesia, Taxation, Q&A Platforms, Community
8 points by diskusipajak 7 days ago | 5 comments
IRS Considering Whether to Revoke Harvard's Tax-Exempt Status (nytimes.com)
The Internal Revenue Service is weighing whether to revoke Harvard’s tax exemption, according to three people familiar with the matter, which would be a significant escalation of the Trump administration’s attempts to choke off federal money and support for the leading research university.
Taxation, Education, Politics, Law
8 points by intunderflow 8 days ago | 1 comments
Trump admin plans to end IRS direct file program (huffpost.com)
WASHINGTON (AP) — The Trump administration plans to eliminate the IRS’s Direct File program, an electronic system for filing tax returns directly to the agency for free, according to two people familiar with the decision.
Politics, Taxation, Government
12 points by anigbrowl 9 days ago | 0 comments
India wants backdoors into clouds, email, SaaS, for tax inspectors (theregister.com)
India’s government has proposed giving its tax authorities sweeping powers to access private email systems and applications.
India, Government, Privacy, Cybersecurity, Taxation
9 points by temphnaccount 30 days ago | 0 comments
EVs are starving states of tax money to fix potholes and build roads (fortune.com)
EVs may help the environment but because their owners don’t buy gas they’re starving states of tax money to fix potholes and build roads
Electric Vehicles, Taxation, Infrastructure, Environment
17 points by ryan_j_naughton 36 days ago | 27 comments
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 72 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 78 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 81 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 82 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 82 days ago | 107 comments
UK to soften tax rules for wealthy foreigners (cnbc.com)
UK, Taxation, Wealth, Foreigners
6 points by belter 92 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 94 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 94 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 95 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 107 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 120 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 142 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 147 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 148 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 162 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 176 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 190 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 192 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 196 days ago | 1 comments
Tax the Rich – European Citizens' Initiative (tax-the-rich.eu)
Politics, Taxation, Europe, Social Issues
44 points by janandonly 220 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 228 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 228 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 228 days ago | 1 comments
Taxing unrealized capital gains is a terrible idea (marginalrevolution.com)
Economics, Taxation, Finance
12 points by Ozarkian 236 days ago | 0 comments