Tag: Taxes

France’s Macron Makes Concessions While ‘Yellow Vest’ Protests Continue

Yves here. This Real News Network segment gives some broader context for the gilets jaunes movement. Note that in an address on Monday, Macron apologized and gave some economic concessions, like raising the minimum wage by 100 euros a month and ending taxes on overtime work, but did not reinstate […]

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White House Wants to End EV Subsidies ASAP

White House economic adviser Larry Kudlow announced Monday that the Trump administration is seeking an end to federal subsidies on electric cars. Interestingly, the move appears to be related to General Motors’ plant closings and layoffs. The company’s restructuring plan hasn’t gone over well with policy makers or the American public, […]

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French Motorists Spark ‘Yellow Vest’ Protests and Riots Over Fuel Taxes and Regulations (UPDATE: New Green Taxes to Be Suspended)

Despite everything  you’ve heard about road rage, motorists tend to be pretty meek — at least when it comes to government regulations, and particularly in Europe. They passively accept, and pay for, mandated safety and emissions regulations as well as for taxes on the fuel for their vehicles. Perhaps, though, […]

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France and Germany propose digital advertising fees after tax on tech giants fails

A new proposal by French and German officials aims to impose a 3 percent tax on digital advertising, a move no doubt intended to target Facebook and Google. Those two companies control the lion’s share of the digital ad market, though certainly all online companies who sell advertising would feel […]

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Michael Olenick: A Quick Look at the Gilets Jaunes Protests

Yves here. Some additional overview material on France’s gilets jaune protests: 1. They have overwhelming public support. 2. Even though the flashpoint was taxes and inspections designed to cut greenhouse gasses, the grievances are about austerity and cut in services. Recall that Macron ended the wealth tax when he took […]

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The Global Financial Crime Wave Is No Accident

By Nat Dyer, a freelance writer based in London. He was previously an investigator and campaigner at Global Witness, an anti-corruption group. He tweets at @natjdyer. Originally published at openDemocracy There was a little bit of good news this month for those worried about a tidal wave of McMafia-style financial […]

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‘A Staggeringly Bad Idea’: Pelosi Pushes Tax Rule That Would ‘Kneecap the Progressive Agenda’

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. Once again, corporate  Democrats are determined  to snatch defeat from the jaws of their recent House electoral victory. As Common Dreams tells the story, in A Staggeringly […]

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Trump and the Midterms: Is It Not The Economy, Stupid?

By Barkley Rosser, Professor of Economics at James Madison University in Harrisonburg, Virginia. Originally published at EconoSpeak On many Mondays I indulge in taking Robert J. Samuelson to task after his regular Washington Post column of the day.  Today he was almost right, or if you prefer, even mostly right.  […]

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Marshall Auerback: Apple Has an Early Case of GE’s Disease

By Marshall Auerback, a market analyst. Produced by the Independent Media Institute The boom witnessed in the U.S. equity market over the past few years has begun to echo the latter stages of the high tech bubble of the early 2000s, right down to the investor interest ultimately gravitating toward […]

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Pence to Obama: Economy Booming Because Trump Administration Rolling Back Failed Obama Policies

Vice President Mike Pence had a message for former President Barack Obama at the Values Voter Summit Saturday: the American economy is booming because the Trump administration is rolling back Obama administration policies. “It’s been two years of promises made and promises kept, and we’re just getting started,” Pence told the conference audience in Washington, […]

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Some DC taxes are going up: A pack of cigarettes will cost a lot more

WASHINGTON — Several D.C. tax rates change effective Oct. 1, coinciding with the start of the District’s 2019 fiscal year. Here’s a list of D.C. taxes going up: The general sales tax will go from 5.75 percent to 6 percent. The off-premises alcohol tax (for beer, wine and liquor bought at stores) will go from […]

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Blue State Blues: Nancy Pelosi’s Agenda — Impeach Trump, Raise Taxes, Bail Out Obamacare

Former Speaker of the House Nancy Pelosi (D-CA) is set to take the gavel again, polls and pundits suggest. The House Minority Leader managed to survive leading her party to one of the worst defeats in congressional history in 2010, after she ballooned the deficit and pushed Obamacare through passage. In most democracies, defeated party […]

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Betsy DeVos’s multimillion yachts fly foreign flags because paying taxes isn’t ‘America first’

Remember a couple of weeks ago, when one of Betsy DeVos’s $40 million yachts was untied from a dock in Ohio? DeVos’s SeaQuest Yacht, docked in Huron was left unmoored overnight. Conservatives everywhere freaked out that communists were attacking American patriots and poor Betsy DeVos might have to pay to have some painting touchups done to the […]

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New 20% tax break for rich people is up for grabs, and Treasury is making sure Trump benefits

Donald Trump and Steven Mnuchin One of the big giveaways the Republican tax scam offered to rich people came in the form of a 20 percent deduction for pass-through businesses. And as the Treasury Department decides what businesses will qualify as pass-throughs for that tax break, lo and behold, in the middle of a rule that will […]

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Amazon halved its UK corporation tax bill despite tripling profits

Image: LOIC VENANCE/AFP/Getty Images By Rachel Thompson2018-08-03 10:26:34 UTC Amazon Services profits tripled in the UK last year. But, despite this, it has managed to halve its UK corporation tax bill.  Per figures posted publicly on Companies House, Amazon’s corporation tax bill was £4.5m last year, down from £7.4m the previous year. Its profits, meanwhile, […]

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Trump’s Eyeing Another Huge Tax Cut for the Rich and It’s Probably Illegal

Left Image: Photo by Cheriss May/NurPhoto via Getty Images. Right Image: Photo by Andrew Harrer/Bloomberg via Getty Images Since 2016, even as much of the country has been consumed by all things Donald Trump—his personal life, his administration, his alleged crimes financial, sexual, and political—rich people have been quietly having a great time. Corporate profits […]

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Trump tax plan was a lie. Corporate tax revenue at 75-year low; 2019 deficit looks like $1 trillion

Corporate tax receipts—what the U.S. collects from corporations—have plummeted to a level not seen since the World War II. The Times analysis cited that as the primary factor driving the deficit through the roof. And why, pray tell, are corporations paying so little in taxes suddenly? “The reason is President Trump’s tax cuts.” As the adjacent […]

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Taxcast: A Firewall to Protect EU Citizens from the Big Four Accountancy Firms and the Tax Avoidance Lobby

Originally published at the Tax Justice Network In the July 2918 Taxcast: we look at a proposal for a firewall to protect EU citizens from the Big Four accountancy firms and the tax avoidance lobby: we look at a new report from the Corporate Europe Observatory we discuss UN Special Rapporteur on Extreme Poverty and […]

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The Missing Profits of Nations

Lambert here: “Close to 40% of multinational profits were artificially shifted to tax havens in 2015.” Holy moly! By Thomas Tørsløv, PhD student, University of Copenhagen and Ministry of Taxation, Denmark, Ludvig Wier, PhD candidate, University of Copenhagen, and Gabriel Zucman, Gabriel Zucman. Originally published at VoxEU Between 1985 and 2018, the global average statutory […]

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Trump Says He’s ‘Ready’ to Impose More Tariffs on China to ‘Level the Playing Field’

During an interview with CNBC’s Joe Kernan, President Donald Trump said he was “ready” to impose more tariffs on China so he can “level the playing field.” “We are being taken advantage of and I don’t like it,” Trump said in the interview that aired on “Squawk Box.” “We’re down a tremendous amount. I raised […]

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Explain Me: The Case for Taxing The Hell Out of Peter Brant

n this episode of Explain Me William Powhida and Paddy Johnson discuss the horrific business practices of Peter Brant and Interview Magazine, a fundraising campaign at University of North Carolina so misguided that firing is in order, and the latest headscratching Creative Time project. To help us discuss all of this, and how the new […]

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