rpg.pbem.online

Search

Items tagged with: taxes

In which art ~~imitates~~ satirizes life


Every time you hear about the FCC or the FTC or the SEC fining some company or other $150 million for some form or another of business-as-usual malfeasance, ponder this Freefall strip.


"In the upper sections of this world, the money streams are so huge that if I stole a million dollars, nobody would notice."


And in the financial/corporate sector in our world, the money streams are so huge that any fine our regulatory agencies have the power to impose is just a pre-planned business expense.

Currently, as you can find widely reported, the IRS is going after Facebook, alleging that Facebook deliberately undervalued itself and assets that it transferred to its Irish shell corporation by $15 billion in order to evade US corporate taxes. (There's a Boing Boing discussion thread about it in which the point is made by Irish citizens that many of the largest employers in Ireland are US-owned tech companies who pay essentially no taxes, while Irish citizens pay "Scandinavian levels of income tax" but don't get anything near Scandinavian levels of public services in return, to make up the shortfall of corporate tax revenues.) The IRS asserts that Facebook owes something on the scale of $9.1 billion in back taxes.

I'll repeat that. Nine point one billion dollars in back taxes. Plus penalties and potential court-levied fines.


That's actually enough that Facebook will notice it. Maybe even enough to hurt. A little bit. That's actually several whole months of net income for Facebook. Not even gross income.

It's sometimes cynically said that if voting made a difference, it would be illegal.

And if government fines and penalties actually hurt corporations and banks, the oligarchs who really run this country wouldn't allow them the authority to levy them.

#taxes #oligarchy
 

In which art ~~imitates~~ satirizes life


Every time you hear about the FCC or the FTC or the SEC fining some company or other $150 million for some form or another of business-as-usual malfeasance, ponder this Freefall strip.


"In the upper sections of this world, the money streams are so huge that if I stole a million dollars, nobody would notice."


And in the financial/corporate sector in our world, the money streams are so huge that any fine our regulatory agencies have the power to impose is just a pre-planned business expense.

Currently, as you can find widely reported, the IRS is going after Facebook, alleging that Facebook deliberately undervalued itself and assets that it transferred to its Irish shell corporation by $15 billion in order to evade US corporate taxes. (There's a Boing Boing discussion thread about it in which the point is made by Irish citizens that many of the largest employers in Ireland are US-owned tech companies who pay essentially no taxes, while Irish citizens pay "Scandinavian levels of income tax" but don't get anything near Scandinavian levels of public services in return, to make up the shortfall of corporate tax revenues.) The IRS asserts that Facebook owes something on the scale of $9.1 billion in back taxes.

I'll repeat that. Nine point one billion dollars in back taxes. Plus penalties and potential court-levied fines.


That's actually enough that Facebook will notice it. Maybe even enough to hurt. A little bit. That's actually several whole months of net income for Facebook. Not even gross income.

It's sometimes cynically said that if voting made a difference, it would be illegal.

And if government fines and penalties actually hurt corporations and banks, the oligarchs who really run this country wouldn't allow them the authority to levy them.

#taxes #oligarchy
 
Trump loses appeal to block Deutsche Bank, Capital One from handing his financial records to Congress

https://www.cnbc.com/2019/12/03/trump-loses-appeal-to-block-deutsche-bank-capital-one-from-handing-his-financial-records-to-congress.html

#politics #law #taxes #gop #criminals #impeach45 #evasion #criminal #maga
 
Trump loses appeal to block Deutsche Bank, Capital One from handing his financial records to Congress

https://www.cnbc.com/2019/12/03/trump-loses-appeal-to-block-deutsche-bank-capital-one-from-handing-his-financial-records-to-congress.html

#politics #law #taxes #gop #criminals #impeach45 #evasion #criminal #maga
 
Obstruction

#politics #Trump #taxes
 
Obstruction

#politics #Trump #taxes
 

#Taxes #Steuern

 
Whatcha Hiding Donnie??

#politics #Trump #taxes
 
Whatcha Hiding Donnie??

#politics #Trump #taxes
 
Image/Photo
Image/Photo
Image/Photo
Image/Photo

#Bruxelles : un monde de #lobbying

lobbyistes : combien sont ils ?


Officiellement, à Bruxelles, on compte quasiment 25.000 lobbyistes dont
. +/- 12.000 organisations
. 6.000 syndicats et groupements professionnels
. 3.000 ONG
. 1.000 cabinets de consultants

* → tour of the EU lobby world

lobbyistes : leur puissance


le nerf de la guerre du lobbying est l’argent

On connaît cependant les sommes investies dans le lobbying pour les quelques #multinationales emblématiques
* #Google : 6 millions €
#Amazon : 1,7 millions €
#Facebook : 3.5 millions €
#Apple : 1 millions €
#Microsoft : 5 millions €Ainsi, des sommes colossales sont dépensées par les lobbyistes pour influencer les décisions, les lois, …

lobbyistes : leurs actions


Personne ne connaît exactement leur travail …
Cependant, on peut se rendre compte de leur influence à travers quelques exemples de décisions prises récemment

la taxe européenne sur les #GAFAM non adoptée
l’UE suspens le projet de taxe européenne sur les GAFA

l’utilisation du #glyphosate prolongée
* L’Europe a récemment prolongé l'utilisation du #glyphosate de 5 ans
L'UE vote le renouvellement du glyphosate pour cinq ans

* les lobbies tels que Bayer-Mosanto ou les syndicats agricoles ont fait pression obtenir cette prolongation
What the Monsanto Papers tell us about corporate science
Monsanto Lobbying * En France, la #FNSEA prônait la prolongation de ce #pesticide en invoquant des problèmes de #concurrence mondiale

un «fond» pour l’industrie européenne de la #défense
* En 2016, la #CommissionEuropéenne propose la création d’un fond de 40 milliards € alimenté par le budget de l’ UE et les États membres pour la recherche et le développement d’armes et d’équipements militaires
L'UE vote le renouvellement du glyphosate pour cinq ans

etc ...

#lobbying : évolutions des pratiques


Depuis 2011,
Bruxelles a mis en place un "registre de la transparence"
Les lobbyistes souhaitant rencontrer un membre de la commission doivent s'inscrire

Mais ici aussi, l’imagination des lobbyistes est sans limite
les règles de ce registre sont bien souvent contournées
EU : stop lobby register abuses

en outre,
il n’existe aucun registre de la transparence pour les députés ou les gouvernements
qui eux aussi participent à l’élaboration des lois ... ;-)

Captured states : When EU governments are a channel for corporate interests

Demand EU transparency and ethics rules now

Conclusion


Les lobbiyistes continuent d’influencer très largement les lois et directives élaborées à Bruxelles
les lobbies ont encore de beaux jours devant eux ...

l’organisation #Corporate-Europe-Observatory lutte
pour exiger plus de #transparence au sein des différentes instances à Bruxelles
Corporate Europe Observatory : lobbying the EU

#ONG #NGO #CorporateEuropeObservatory #Corporate-Europe-Observatory #CEO
#transparency-international #TransparencyInternational
#observatoire-des-multinationales #ObservatoireDesMultinationales
#lobby-transparency #LobbyTransparency
#conflicts-of-interest #ConflictsOfInterest
#revolving-doors #RevolvingDoors
#EU-institutions
#lobbying #lobbies #lobbyiste #lobbyistes #lobby #corruption #AmiDesLobbies
#politique #transparence #directives #réformes #lois #taxes #traité
#oligarchie #EuropäischeUnion #EU Commission #EU-Commission #EU #UE #UnionEuropéenne #commission-européenne
#Bruxelles #Brussels #Europa #Europe #mépris #démocratie
#Directives #Réformes #Lois #Taxes #traité
#multinationales #mondialisation
#Bayer #Monsanto #RoundUp #lobby #santé #environnement #scandale
#Deloitte #EY #KPMG #PriceWaterhouseCoopers #PWC #evasions-fiscales #EvasionFiscale #finance #argent
#fiscalité #paradis-fiscaux #fraude #ParadisFiscaux #leaks #LuxLeak #LuxLeaks #country-by-country #tax
#defence-industry
#GAFA
World Health Organisation #WHO #OMS
#SyndicatsProfessionnels #syndicats-professionnels
 

Chicago successfully taxes streaming services


HN Discussion: https://news.ycombinator.com/item?id=19948312
Posted by hhs (karma: 1703)
Post stats: Points: 94 - Comments: 118 - 2019-05-18T16:37:03Z

\#HackerNews #chicago #services #streaming #successfully #taxes
HackerNewsBot debug: Calculated post rank: 102 - Loop: 189 - Rank min: 100 - Author rank: 36
 

Everyone’s Income Taxes Should Be Public


Disclosure of tax payments would make it easier to hold politicians accountable. It also would help to reduce fraud and economic inequality.
Article word count: 890

HN Discussion: https://news.ycombinator.com/item?id=19658638
Posted by pseudolus (karma: 18027)
Post stats: Points: 77 - Comments: 141 - 2019-04-14T11:03:28Z

\#HackerNews #everyones #income #public #should #taxes
Article content:




Disclosure of tax payments would make it easier to hold politicians accountable. It also would help to reduce fraud and economic inequality.

Image
CreditCreditAdam McCauley

In October 1924, the federal government threw open for public inspection the files that recorded the incomes of American taxpayers, and the amounts they had paid in taxes.

Americans were gripped by a fever of interest in the finances of their neighbors. This newspaper devoted a large chunk of the front page to a list of the top taxpayers in Manhattan under a banner headline that read “[1]J.D. Rockefeller Jr. Paid $7,435,169.” One story reported that a number of wives and ex-wives had lined up at a government office in New York to seek information about their present or former husbands. Journalists soon began to note the curious absence of some conspicuously wealthy people from the lists of top taxpayers.

Congress had ordered the disclosure as a weapon against tax fraud. “Secrecy is of the greatest aid to corruption,” [2]said Senator Robert Howell of Nebraska. “The price of liberty is not only eternal vigilance, but also publicity.”

There is every reason to think that sunlight served the desired purpose. One important piece of evidence is that wealthy Americans absolutely hated the disclosure law, and soon persuaded Congress to execute a U-turn.

Almost a century later, it’s time to revisit the merits of universal public disclosure. Democrats in Congress are fighting to obtain President Trump’s tax returns under a separate 1924 law, written in response to related concerns about public corruption. That issue could be resolved, at least in part, if Congress embraced the broader case for publishing everyone’s tax bill.

Now as then, disclosure could help to ensure that people pay a fair share of taxes. Americans underpay their taxes by [3]more than [4]$450 [5]billion each year, more than 10 percent of total federal revenue. Publishing a list of millionaires who paid little or no taxes this year could significantly reduce the number of millionaires who pay little or no taxes next year.

In Norway, where tax records have been public since the founding of the modern state in 1814, a newspaper put the records online in 2001. [6]One study estimated that the records’ greater availability caused a 3.1 percent increase in the reported incomes of self-employed Norwegians over the next three years, perhaps because they feared exposure.

Disclosure also could help to reduce disparities in income, as well as disparities in tax payments. Inequality is easier to ignore in the absence of evidence. In Finland, where tax data is published each year on Nov. 1 — [7]jovially known as National Jealousy Day — people treat the information as a barometer of whether inequality is yawning too wide.

Consider that public corporations are required to report the compensation of top executives — who check disclosures of rival companies to ensure they are not underpaid.

Another benefit would be identifying patterns of illegal discrimination against women or minorities. Lilly Ledbetter, for whom the [8]2009 fair pay law is named, would have learned a lot sooner that she was making less than her male colleagues at a Goodyear plant in Alabama if she could have looked up their annual incomes on a government website.

Transparency could even help to increase economic growth. People who know how much their co-workers are paid — and how much people are paid at other companies, and in other industries — can make better career decisions.

Tax data also is a rich source of information about American life. The I.R.S. tightly limits access, but one of the few researchers allowed to work with that data, [9]the Harvard economist Raj Chetty, has produced a series of important studies illuminating the mechanics of economic inequality. He and his collaborators have shown that Americans have [10]a dwindling chance of making more money than their parents, and that living in a good neighborhood as a child [11]has a lifelong impact on earnings. One can only imagine what others might learn from the data.

Calling for more disclosure may seem discordant at a time of growing concern about privacy. But income taxation is an act of government, not an aspect of private life. Property tax records provide a reasonable model. Local governments disclose the name of the property owner, the value of the property and the amount of taxes owed and paid. The same information should be available for income taxes — nothing more is necessary.

Another reasonable rule: In Norway, it is a matter of public record when someone looks at tax records. Everyone can see who is nosing around. Wisconsin, which makes income and tax information available on request, [12]imposes the same requirement.

Income taxation in the United States began in public view. When Congress imposed the first income tax in 1861, during the Civil War, it required the disclosure of names, incomes and tax payments. Over the following decade, before Congress ended the tax, this data was posted in public and printed in newspapers.

That practice was briefly revived in 1924. It’s time for another revival. The question is whether Americans are willing to endure a little sunlight in the interest of fairness and equality.

Binyamin Appelbaum joined the Times editorial board in 2019. From 2010 to 2019, he was a Washington correspondent for The Times, covering the Federal Reserve and other aspects of economic policy. He has been a finalist for the Pulitzer Prize in public service. [13]@BCAppelbaum • [14]Facebook

References

Visible links
1. https://timesmachine.nytimes.com/timesmachine/1924/10/24/issue.html
2. https://www.ntanet.org/NTJ/56/4/ntj-v56n04p803-30-public-disclosure-corporate-tax.pdf
3. https://www.gao.gov/products/GAO-18-39
4. https://www.gao.gov/products/GAO-18-39
5. https://www.gao.gov/products/GAO-18-39
6. https://www.ssb.no/en/forskning/discussion-papers/_attachment/161120?_ts=143e822ee80
7. https://www.nytimes.com/2018/11/01/world/europe/finland-national-jealousy-day.html?module=inline
8. https://www.nytimes.com/2009/01/30/us/politics/30ledbetter-web.html?module=inline
9. https://www.sciencemag.org/news/2014/05/how-two-economists-got-direct-access-irs-tax-records
10. https://opportunityinsights.org/national_trends/
11. https://www.nytimes.com/2015/05/04/upshot/an-atlas-of-upward-mobility-shows-paths-out-of-poverty.html?module=inline
12. https://docs.legis.wisconsin.gov/statutes/statutes/71/XII/78/2
13. https://twitter.com/BCAppelbaum
14. https://www.facebook.com/binyamin.appelbaum

HackerNewsBot debug: Calculated post rank: 98 - Loop: 157 - Rank min: 80 - Author rank: 78

The New York Times: Opinion | Everyone’s Income Taxes Should Be Public (By BINYAMIN APPELBAUM)

 
[Have you been audited?] (https://freethoughtblogs.com/singham/2019/04/04/guess-who-gets-tax-audited-the-most/)

I haven't found it to be a big deal. Audit was specific and requests clear. Problems always occur with investments ☹️

#Taxes #CRA
Guess who gets tax audited the most?
 
Later posts Earlier posts