Walkers' Sensations Poppadoms vs. HMRC: The Chip of Theseus
(ft.com)
When does a potato cease to be a potato?
When does a potato cease to be a potato?
Big Beautiful Bill R&D Tax: Will tech go on a hiring spree again?
(ycombinator.com)
Since 2022, in the US, R&D had to be amortized in 5-15 years. That was one of the reasons (big)tech stopped hiring.
Since 2022, in the US, R&D had to be amortized in 5-15 years. That was one of the reasons (big)tech stopped hiring.
IRS hopes to replace fired enforcement workers with AI
(theregister.com)
Following considerable cuts to its enforcement workforce, the US's Internal Revenue Service (IRS) plans to use AI to supplement its ability to collect taxes from US citizens.
Following considerable cuts to its enforcement workforce, the US's Internal Revenue Service (IRS) plans to use AI to supplement its ability to collect taxes from US citizens.
The IRS plans to replace fired enforcement workers with AI
(theregister.com)
Following considerable cuts to its enforcement workforce, the US's Internal Revenue Service (IRS) plans to use AI to supplement its ability to collect taxes from US citizens.
Following considerable cuts to its enforcement workforce, the US's Internal Revenue Service (IRS) plans to use AI to supplement its ability to collect taxes from US citizens.
Why the rich paid less tax in the 1970s – despite 98% tax rates
(taxpolicy.org.uk)
It’s sometimes said that we should go back to the tax system of the 1950s, 60s, and 70s, with very high rates of tax on the highest earners. We’ve spoken to people who were around at the time – both tax avoiders and HMRC officials – and looked at the data.
It’s sometimes said that we should go back to the tax system of the 1950s, 60s, and 70s, with very high rates of tax on the highest earners. We’ve spoken to people who were around at the time – both tax avoiders and HMRC officials – and looked at the data.
Republicans in Congress Want a Flat $200 Annual EV Tax
(arstechnica.com)
WASHINGTON, DC—The House Transportation and Infrastructure Committee will meet today to discuss its proposed budget legislation, and there's a doozy in there for drivers of electric vehicles and hybrids.
WASHINGTON, DC—The House Transportation and Infrastructure Committee will meet today to discuss its proposed budget legislation, and there's a doozy in there for drivers of electric vehicles and hybrids.
China widens tax rebates for foreign tourists to boost spending
(jingdaily.com)
Beijing’s latest move to ease tax rebate requirements for international shoppers comes as the government prioritizes boosting domestic consumption to offset trade tensions with the US.
Beijing’s latest move to ease tax rebate requirements for international shoppers comes as the government prioritizes boosting domestic consumption to offset trade tensions with the US.
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 lawmakers have moved forward with legislation that could see taxes applied to the largest social media platforms in the world.
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.
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.
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.
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.
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.
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.
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’s government has proposed giving its tax authorities sweeping powers to access private email systems and applications.
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
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
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.
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.
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.
In a closed-door meeting with House Leadership today President Trump reportedly outlined his tax priorities.
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.
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.
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.
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.
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.
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.
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 owner asks Chinese staff in Singapore to pay taxes to Beijing
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.
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.
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.
Is Apple allowing fake reviews on the App Store? I find it very unlikely that TurboTax is beloved enough to merit 4.8 stars.
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.
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.
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.
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.
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.
Many people are quitting self-employment in anticipation of the enforcement of false self-employment rules by the Dutch Tax Authority.
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.
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.
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.
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.
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.”
“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.”
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.
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.