The #legislation’s passage in the #Senate is not in doubt — it has the support of President #Biden (cuz it’s better than nothing), Senate Majority Leader Chuck #Schumer & Minority Leader Mitch #McConnell. But a single senator can throw up procedural roadblocks & push the govt past the #shutdown deadline….
…>½ of #IRS employees would face furloughs at the height of #tax filing season. #Border Patrol officers & about 1.3M active-duty #military#service members would remain on the job #withoutPay.
Juicing demand through a mortgage #tax credit while doing nothing to ameliorate the affordable housing supply crunch is dangerous.
"Policymakers must recognize that solutions must extend beyond temporary financial aids. The affordable housing crisis didn’t begin when mortgage rates skyrocketed, and it won’t end when they fall. Initiatives must be assessed on both their short-term benefits and long-term impact on housing accessibility and market stability.”
Hey #library and #librarian friends: I'm working on a piece talking about the IRS Direct File program (free #tax prep) and I want to make sure I'm not getting out over my skis.
My sense is that librarians are going to be fielding a lot of questions from the public as they attempt to make use of library computers to handle their tax prep.
Some kind of outreach/training/DF literacy program (and additional funding, obv) could help offset some of that added workload.
Report : More for Them, Less for US: Corporations That Pay Their Executives More Than Uncle Sam https://americansfortaxfairness.org/less-us-corporations-pay-executives-uncle-sam/
35 major U.S. corporations — including famous names like Ford, Netflix and Tesla — paid less in federal income taxes between 2018 and 2022 than they paid their top five executives. All 35 were cumulatively profitable over that five-year span. #news#report#tax#usa#taxtherich
This week (and every other week) you can find me banging the global minimum #tax drum. Shocker: TCJA is trash.
“The Tax Cuts and Jobs Act of 2017 was billed as a transformative reform to the tax code, but promises of spurred investment, job creation, and economic growth have largely failed to materialize.
What has materialized in the years after this landmark change to the tax code is widespread and institutionalized corporate tax avoidance.”
Luxon says #tax breaks for landlords will result in lower rents, and OH look, there's a pink elephant flying over #Aotearoa! Tax breaks for landlords will encourage speculative "investment" in houses, pushing up #house prices, making home ownership harder for young people and ultimately increasing rents. #nzpol
#POTUS Biden on Mon called for major new spending initiatives to lower costs for #healthcare, #ChildCare & #housing & enough new taxes on the wealthy & major corporations to pay for those proposals & also shave $3 trillion off the #NationalDebt over the next decade.
For this week's newsletter intro, I wrote about what I reckon the future holds for #AI, perhaps generally, but certainly in the realm of #tax and #finance.
Essentially, it'll be like Gmail -- perpetually in beta such that the providers can never be held accountable for bad information.
Even near statistical certainty in accuracy would, with enough users, give rise to liabilities that a #LLM startup simply aren't built to weather. AI insurance maybe?
#Sunak: I’ll squeeze benefits to fund more #tax cuts for workers
No, fund more tax cuts for the really well off. Everyone else will be taxed harder while having for find the money for private #medical care and live in a Britain of #decaying roads, stinking environmental standards, marginal social care and discrimination.
The Polis might need a bung - to deal with the inevitable civil unrest - a precursor to revolution.
Page d'accueil du service des impôts en Islande. Tu mets un chat et tout de suite, ça rend les impôts plus cools. Vérif' et certification de sa déclaration en ligne avant le 14 mars.
Le fisc islandais diffère du système français sur 2 points :
Vote déclaration intègre vos revenus bancaires : compte débit/crédit/congés payés. Je vois pas bien en quoi ça les regarde.
Vous devez déclarer le montant annuel de votre bien locatif. Cela peut servir à obtenir des déductions si le chiffre dépasse un certain seuil par rapport à nos revenus.
This graphic from the #BBC is telling. It shows the percentage that various income groups in the #UK pay in #tax. What can’t be overlooked is how much the #poorest end up paying as a percentage of their #income. So while the richest can boast how much they are contributing in absolute terms to government services, the poor are paying nearly as much as a percentage of their already meagre spending power.
Boring question du jour: Self-employed US-ians, any recommendation for a tax accountant? (Because we can huddle on mountaintops with own generator, but god forbid you should be able to figure out your own taxes.) #tax
Оффшоры и оншоры (www.ua-offshore.com) Ukrainian
Юристы предлагают услуги по созданию корпоративных структур в офшорных зонах или продажу готовых юридических лиц, в том числе оншорных.