Hacker News with Generative AI: Taxes

Ask HN: Would you make every country have a wealth tax like Sweden used to (ycombinator.com)
I know that Sweden abolished it in 2007 because so many companies / individuals left Sweden, however, if there was a button that reinstated it for EVERY country in the world, would you press it and why/why not?
Taxes, Economics, Wealth, Politics, Global Policy
8 points by upmind 4 days ago | 42 comments
Spain proposes 100% tax on homes bought by non-EU residents (theguardian.com)
Spain has announced plans to impose a tax of up to 100% on real estate bought by non-residents from countries outside the EU, such as the UK, in an aim to tackle the country’s housing crisis.
Spain, Real Estate, Taxes, Housing Crisis, European Union
162 points by vinni2 4 days ago | 265 comments
What foods are taxed in the UK (gov.uk)
Find out which types of food are zero-rated and which are standard-rated for VAT purposes.
Taxes, UK, Food, VAT
7 points by mayakacz 6 days ago | 1 comments
Tax Heaven 3000, a dating SIM that prepares your federal taxes (taxheaven3000.com)
Do your federal taxes while Romancing your waifu!
Dating Sim, Taxes, Video Games
112 points by crazyexoticrain 10 days ago | 22 comments
Billionaires Have Sidestepped a Tax Aimed at the Rich (propublica.org)
Fourteen years ago, Congress set out to remedy a basic unfairness in the tax code.
Taxes, Wealth Inequality, Billionaires, Politics, Finance
19 points by srameshc 30 days ago | 12 comments
Show HN: Brazilian service to automatically issue NFSe (notasync.com.br)
Emita Notas de Serviço automaticamente das suas vendas Stripe e mantenha suas obrigações fiscais em dia.
Brazil, Business, Taxes, APIs, Software
8 points by valtlfelipe 36 days ago | 3 comments
Crypto Doesn't Deserve a Tax Exemption (bloomberg.com)
If the incoming Trump administration wants to reduce capital gains taxes, then it should lower them across the board.
Cryptocurrency, Taxes, Finance, Politics
37 points by paulpauper 38 days ago | 35 comments
Cloud Computing Tax Threatens Chicago's Silicon Valley Ambitions (yahoo.com)
Chicago’s bid to become the Silicon Valley of the Midwest has registered some major wins in recent years: Google bought a huge downtown building, PsiQuantum Corp. announced a $1 billion investment in the city, and local startups raised a record $19 billion in 2022.
Chicago, Cloud Computing, Taxes, Technology, Startups
5 points by dcgudeman 39 days ago | 1 comments
How One of the Richest Men Is Avoiding $8B in Taxes (nytimes.com)
The chief executive of Nvidia, Jensen Huang, has taken advantage of popular loopholes in the federal estate and gift taxes, which have quietly been eviscerated.
Taxes, Wealth, Business, Finance, Law
12 points by wslh 43 days ago | 4 comments
Self-Funding Harberger Taxes (gwern.net)
Hampering the current life+n years system of unregistered copyrights is the dual problem of mismanagement & orphan works.
Taxes, Copyright Law
99 points by surprisetalk 45 days ago | 92 comments
Norway Shrugged (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.
Norway, Taxes, Entrepreneurship, Politics
8 points by chaosprint 51 days ago | 4 comments
California loses professional workers to low-tax states like Arizona, Texas (nypost.com)
Tens of thousands of professionals left California last year while fewer moved in to the state as the exorbitant cost of living as well as high taxes make it harder to retain talent.
California, Taxes, Migration, Economics
5 points by mikece 54 days ago | 0 comments
America's billionaires are worth a record $6T (usatoday.com)
America’s billionaires are now collectively worth a record $6 trillion. Their wealth has more than doubled since the passage of the landmark Tax Cuts and Jobs Act in 2017.
Economy, Wealth, Billionaires, Taxes
9 points by paulpauper 66 days ago | 3 comments
Sin taxes are suffering from a shortage of sinners (economist.com)
Pity the California taxman. The state has a yawning budget deficit, which politicians are attempting to narrow. Local laws make it difficult to raise taxes, requiring a two-thirds majority. Worse, once-reliable sources of funds are running dry. Fuel-tax revenues are forecast to fall sharply as drivers switch to electric vehicles. Revenues from cigarette taxes have fallen by $500m, or 29%, since 2017; now those from alcohol taxes are dropping, too.
Taxes, California, Economics, Public Finance
41 points by hhs 72 days ago | 78 comments
No More Tax-Free Lunch for Billionaires: Closing the Borrowing Loophole (taxnotes.com)
In this article, Fox and Liscow propose a tax on billionaires that would apply to borrowing against assets and explain how it could be designed and how it relates to other wealth tax proposals, as well as potential critiques.
Taxes, Wealth, Finance, Law, Economics
83 points by tortilla 80 days ago | 44 comments
You May Be Paying a Higher Tax Rate Than a Billionaire (propublica.org)
The very richest Americans win at the tax game no matter which measure you use. ProPublica has published an article, based on a vast trove of never-before-seen IRS information, that reveals the pittance in taxes the ultrawealthy pay compared with their massive wealth accumulation.
Taxes, Wealth Inequality, Finance, Billionaires
16 points by rurp 84 days ago | 10 comments
Tech boom forces US funds to dump shares to avoid breach of tax rules (ft.com)
Finance, Taxes, Technology, United States
13 points by mmarian 85 days ago | 3 comments
Italy declares its "web tax" applicable to any digital service worldwide (reuters.com)
Italy will strengthen its digital services tax as part of plans to raise more revenues in the 2025 budget, Deputy Economy Minister Maurizio Leo said on Wednesday, in a move that could trigger retaliation from the United States.
Italy, Taxes, Digital Services, International Relations, Economics
51 points by kimi 85 days ago | 85 comments
Homeowners who rent on Airbnb must pay 13% tax on property value when they sell (thestar.com)
A recent ruling by the Tax Court of Canada indicates homeowners who have regularly rented out their property on Airbnb or other short-term rental sites will be subject to paying 13 per cent HST when putting the home up for sale.
Real Estate, Taxes, Canada, Airbnb
30 points by chollida1 85 days ago | 6 comments
The IRS just updated its tax rules for 2025. Here's everything you need to know (befluentinfinance.com)
The IRS recently announced its tax bracket adjustments for 2025, and while the changes are subtle, they can still have a significant impact on your finances.
Taxes, Finance, IRS, 2025
11 points by TonyLiberty 87 days ago | 6 comments
Tax on Europe's frequent flyers could raise €64B a year – study (theguardian.com)
A “jet-setter” tax on Europe’s frequent flyers could slow global heating and raise €64bn (£54bn) a year at no extra cost to most people, a report has found.
Taxes, Climate Change, Aviation, Europe
7 points by nmridul 93 days ago | 2 comments
Ask HN: High income salaried employees – How do you reduce your taxes? (ycombinator.com)
If you are a W2 wage earner who earn a lot of money through salary, RSUs, etc, could you please share your favorite tax saving strategies? What are some legal ways to save on tax and build wealth? Any references to articles, videos, podcasts?
Taxes, Finance, Personal Finance, Wealth Management
15 points by yangikan 94 days ago | 12 comments
The richest people borrow against their stock (2021) (forbes.com)
Many of the country’s richest people, including Elon Musk and Larry Ellison, borrow against their stock while avoiding capital gains taxes.
Finance, Wealth, Taxes, Business
137 points by CHB0403085482 94 days ago | 335 comments
The IRS is rolling out its free tax-filing tool to 30M Americans (fastcompany.com)
Some 30 million Americans across the country will have a new way to file their taxes next spring: Direct File, a tool developed by the Internal Revenue Service (IRS) that allows users to prepare their taxes and file online completely free of charge and without the need for any third-party provider.
Taxes, Government, IRS, Technology, Financial
59 points by janeerie 99 days ago | 24 comments
Portugal seeks to become low-tax haven for young people (ft.com)
Portugal, Taxes, Economy, Youth, Policy
111 points by alephnerd 100 days ago | 260 comments
Who died and left the US $7B? (sherwood.news)
It was the biggest estate-tax payment in modern history, but no one knew who made it. Then an anonymous phone call pointed to one man.
Taxes, Inheritance, Wealth, Mystery, US News
456 points by jsnell 101 days ago | 551 comments
IRS Direct File adds 12 additional states, covers more tax situations in 2025 (irs.gov)
WASHINGTON — The Internal Revenue Service announced today that Direct File will be available for the 2025 tax filing season in double the number of states than last year’s pilot, and it will cover a wider range of tax situations, greatly expanding the number of taxpayers eligible to use the free e-filing service.
Taxes, IRS, Government, Technology
108 points by toomuchtodo 106 days ago | 47 comments
Irish finance minister calls €14B tax windfall from Apple 'transformational' (theguardian.com)
The Irish finance minister has hailed the €14bn tax windfall from Apple as “transformational” just weeks after the government lost a case in the European court of justice arguing the tech company should keep its money.
Business, Ireland, Taxes, Technology
34 points by adrian_mrd 108 days ago | 17 comments
Amazon UK pays corporation tax for first time since 2020 (theguardian.com)
Amazon’s main UK division has paid corporation tax for the first time since 2020 after the end of a “super-deduction” tax break introduced by Rishi Sunak.
Amazon, Taxes, UK, Business, Finance
47 points by PaulHoule 109 days ago | 31 comments
Taxes on everyday Europeans bring in 13 times more revenue than taxes on wealth (oxfam.org)
Taxes that disproportionately affect ordinary Europeans – consumption and labour taxes – bring in 13 times more revenue than taxes on wealth, which are paid mainly by the super-rich, according to a new analysis by Oxfam.
Taxes, Wealth Inequality, Economics, Europe
23 points by pera 123 days ago | 14 comments