"If you fly from Paris to Barcelona the #airline not only pays no VAT, but is also exempt from kerosene #tax. If you make the same journey by #train, the rail company will pay an #energy tax and passenger #VAT. This means higher costs for the company which are usually reflected in ticket prices."
Charles Littlejohn, a former IRS contractor, leaked the tax returns of the rich to show the public how the uber-wealthy game our tax code. Now he’s facing potential prison time. They’ve nabbed the wrong criminal.
This week, the Wall Street Journal opinion section published an op-ed about our #tax coverage.
We don't typically comment on our newsgathering process, but this opinion essay has factual errors in the headline and in the essay that should be corrected.
How the Ultrawealthy Use Private Foundations to Bank Huge Tax Breaks While Giving the Public Little in Return
It’s a simple bargain: The rich get huge #tax breaks by donating #art, property and company shares to benefit the public. But some donors collect millions while offering little or no public access.
Taxing great #wealth to finance the ecological and social transition. 💰
The European Citizens' Initiative, is a powerful tool for EU citizens to propose policy changes. Securing 1 million signatures prompts the Commission to review proposals.
A notable initiative is a call for a pan-European #tax on the ultra-wealthy. It would be used to combat #climatechange and #inequality.
It's a bold proposal worthy of support. I have already signed.
In the largest audit in U.S. history, the #IRS rejected Microsoft’s attempts to channel profits to a small factory in Puerto Rico that burned Windows software onto CDs.
Filing your taxes could be free starting this year. The IRS is running a direct-file pilot program. The goal is to make companies like TurboTax obsolete through a system where your taxes are filled out for you. But tax prep companies are spending millions to block them....
In 2019, ProPublica revealed stark inconsistencies between what the #Trump Organization had reported to #tax authorities and what it told lenders about the finances of one of its towers.
This week, a judge ruled the company had committed #fraud.
#Senate Investigation “Casts Fresh Doubt” About the Validity of Harlan Crow’s Yacht Tax Deductions
In their extensive probe, Senate investigators found evidence to suggest that billionaire GOP megadonor Crow has made repeated misrepresentations to the U.S. government.
ProPublica revealed the #tax maneuvers in a previous story.
ProPublica Adds More Than a Million New Records to Nonprofit Explorer
The #IRS finally resolved its delay in publishing new #nonprofit tax records, and we’ve added them to our database.
We’ve also added more than 400,000 older #tax records that had been missing from our database, primarily dating back to 2016 and 2017. This will make it easier to assess long-term financial information for nonprofit organizations.
The #Oregon Timber Industry Won Huge #Tax Cuts in the 1990s. Now It May Get Another Break Thanks to a Top Lawmaker.
As the cost of fighting #wildfires increases, state Sen. Elizabeth Steiner has proposed a bill — developed in consultation with the #logging industry — that would shift millions in expenses away from the biggest landowners and onto taxpayers.
Hi! 👋 While I've been on Mastodon for a few months, I'm new to sciences.social, so this is an #Introduction.
I study #nonprofit organizations and charitable #giving and how they are affected by public policy. I am interested in understanding giving as a form of #altruism that can be affected by things like #tax treatment of charitable gifts, #inequality, and the behaviors of the receiving charities and other #institutions.
In this weeks Week in Insights, I look at Finland's progressive traffic ticketing system as an example of what is possible for #tax#policy.
"Finland runs a ‘day fine’ system that divides a driver’s daily income by two and applies a progressive rate to the fine, leading to whopper speeding tickets such as a former corporate director’s $103,000 payout for a 25 km/h violation. No drivers can simply ‘price in’ the cost of being ticketed.”
Once again Starbucks have been using high transfer payments (with intellectual property as the 'vehicle') to depress its UK corporation tax exposure.
Of course, its not illegal & it a common method of moving money round to avoid taxation... moreover, IPR provisions are central to investment treaties & so any attempted crack down on such transfers would likely be tied up an extended international legal dispute with the USA.
NEW: IRS Audit of #Trump Could Cost Former President More Than $100 Million
The #tax agency concluded in its long-running investigation that Trump effectively claimed the same massive write-off twice on his failed #Chicago tower.
'We are told on repeat that public services are unaffordable. Really, there are plenty of ways to fund them – it is just that a populist press & most politicians do not deem it legitimate'!
Looking for an outlet to place my more #tech-focused (and thus less #tax or strictly #law) policy writing -- anyone know of an outlet that might be amenable to a freelance contributor?
DMs are open, I'm a weekly columnist at Bloomberg Tax, contributor to Forbes Money, among some others. Looking for a tech publication that wouldn't mine hearing a tax/tech attorney and prof opine on things like the currently being contemplated #FCC AI rules, etc.
Ultrarich Tax-Dodgers Are Criminals, Not the IRS Whistleblower Who Exposed Them (jacobin.com)
Charles Littlejohn, a former IRS contractor, leaked the tax returns of the rich to show the public how the uber-wealthy game our tax code. Now he’s facing potential prison time. They’ve nabbed the wrong criminal.
[Analysis] This Is How We Finally Kill Turbotax (www.youtube.com)
Filing your taxes could be free starting this year. The IRS is running a direct-file pilot program. The goal is to make companies like TurboTax obsolete through a system where your taxes are filled out for you. But tax prep companies are spending millions to block them....