Posted by admin / Under Tax Advantage
Targeting the G-8, United Nations human-rights officials (“independent experts”) have issued a call for a global financial-transaction tax “to offset the costs of the enduring economic, financial, fuel, climate and food crises, and to protect basic human rights.” The May 14, 2012, statement is among the most blatant examples of how far the international human-rights community has strayed from human-rights principles by blundering into complex and highly partisan political debates on economics. Olivier De Schutter, U.N. special human-rights rapporteur on the right to food, proclaimed: “Where the world financial crisis has brought about the loss of millions of jobs, socialized...
Published on Tuesday 22nd of May 2012 09:12:21 AM
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Posted by admin / Under Tax Advantage
If you are a nonimmigrant American reading this, do you know why your ancestors came to America? The fact is, a large percentage of immigrants were trying to escape various forms of government persecution, including religious and tax persecution. The American Revolution was set off, in part, by a tax on tea that ranged from about 10 percent to 33 percent of its value. That and other grievances were enough to cause people to take up arms against the British. Rather than taking up arms, most people who believe the tax burden now has become too great pick up and...
Published on Tuesday 22nd of May 2012 09:12:21 AM
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Posted by admin / Under Tax Advantage
When Brazilian-born entrepreneur Eduardo Saverin, one of the founders of Facebook, renounced his U.S. citizenship, allegedly to avoid paying millions -- or is it billions -- in taxes ahead of the company's Initial Public Offering, there was plenty of indignation. Saverin was blessed with an upscale Miami upbringing, a top-notch Harvard education, and has thrived in an entrepreneurial environment created by Americans, becoming insanely rich during the Internet boom. So the question is: What does Saverin owe the United States? Is it reprehensible for him to drop his citizenship before paying his “fair” share to the government that made all...
Published on Tuesday 22nd of May 2012 09:12:21 AM
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Posted by admin / Under Tax Advantage
Local governments are crying poverty over a proposal that would make the state more attractive for businesses — a plan to phase out the state’s tax on business equipment. They’re also raising the alarm that they’ll have to raise taxes on local property owners to make up for lost revenue if the bill passes. School districts, counties, cities and townships should be applauding the state’s approach instead of fighting it. Local governments complain that the revenue from the tax will not be replaced, meaning less revenue for strained their budgets. But the specific proposal actually replaces property tax revenue for...
Published on Tuesday 22nd of May 2012 09:12:21 AM
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Posted by admin / Under Tax Advantage
Gov. Jerry Brown on Monday unveiled his revised budget for the coming fiscal year with twin pleas. He pleaded poverty and pleaded with voters to approve more taxes on the November ballot. Both pleas are curious. . .
Published on Tuesday 22nd of May 2012 09:12:21 AM
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