Twenty-six landlords, companies, or investment firms paid local property tax (LPT) for ownership of more than 500 houses or apartments last year.
Revenue data show a small number of property owners paying upwards of €300,000 each for vast portfolios of real estate.
While wealth is hoarded by the top 10%, the two specific wealth taxes (inheritance tax & capital gains tax) raise little tax revenue
So this suggests to some, reforming these taxes would not really expand the tax-take on wealth.... but looking at where wealth is actually stored, we might posit that taxing property & private pensions more could be the answer.
However, major political lobbies would resist reform of council tax or reductions in tax relief on pensions!
Text of the audio "“Hi, I’m Jeff Bezos,” AI Jeff said. “This crosswalk is sponsored by Amazon Prime, with an important message—please, don’t tax the rich, otherwise all the other billionaires will move to Florida, too. Wouldn’t it be terrible if all the rich people left Seattle or got Luigi’d? And then normal people could afford to live here again.” Then, comedian Bo Burnham's "Bezos 1" song played.
#Bezos
#JeffBezos
#Space
#SpaceCowboy
#Wealth
#WealthTax
#Tax
#EatTheRich
#Luigi
#SouthLakeUnion
#Amazon
A video of the crosswalk audio is on Reddit
https://www.reddit.com/r/Seattle/comments/1k0n0fu/someone_hacked_the_crosswalks_in_the_u_district/
Blame Capitalism: for cheating you out of your rights as a consumer*.
https://arstechnica.com/cars/2025/04/tesla-makes-its-cars-lie-about-their-mileage-lawsuit-claims/
#capitalism #neoliberalism #classwar #vulnerable #economics #bosses #workers #humanrights #environment #war #BlameCapitalism #livingwage #tax #taxburden #neoliberalism #trickledown #fossilfuels #mining #auspol #genocide #climatecrisis #homelessness #invisiblepeople
*allegedly
Dutton's tax 'aspiration' is his most radical idea since nuclear power
By Michelle Grattan
Peter Dutton, now seriously on the back foot, has made an extraordinarily big "aspirational" commitment at the back end of this campaign.
https://www.abc.net.au/news/2025-04-18/peter-dutton-makes-big-commitment-during-campaign/105189854
Tax documents missing? A new CRA process is still posing issues as filing deadline approaches
Documents like T4 slips are still not available digitally in some cases, slowing down the filing process for Canadians and tax professionals alike.
#tax #technology #document #News #Business
https://www.cbc.ca/news/business/missing-tax-documents-1.7512795?cmp=rss
Also signs of massive #tax evasion in #Germany:
»the gigafactory [i.e. #Tesla’s car assembly plant near Berlin] generated sales of 7.8 billion euros in 2023. According to the report, Tesla only paid taxes on a very modest profit of 80 million euros, on which 26.2 million euros in taxes were due.«
Cited report, EN, $: https://www.ftm.eu/articles/tesla-tax-tactic-billions-profits
With Trump reportedly planning to end the IRS Direct File program, there's no better time to remember how TurboTax owner Intuit spent two decades fighting to prevent Americans from filing their taxes online for free.
Beam Communications ( #BCC ) has released " BCC March 2025 Quarterly Activities Report & Appendix 4C " on Thu 17 Apr at 09:09 AEST #tax #government #Australia #media #live
https://grafa.com/asset/beam-communications-holdings-ltd-5758-bcc.asx?utm_source=asxmktsensitive&utm_medium=mastodon&utm_campaign=bcc.asx
Live: Australian shares headed for more losses, as Wall Street closes down again
By Emilia Terzon
Wall Street is set to close lower, after concerns about tariffs were aired by the US central bank's chair and by chip maker Nvidia. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.
https://www.abc.net.au/news/2025-04-17/asx-markets-business-live-news-april-17-2025/105186234
@knittingknots2 A key element of #Reagan 's political success was that he let everyone know that taxes have a sweet spot. When you increase the tax rate higher, #tax #revenue declines.
Of course Reagan did not use that knowledge to optimise for tax revenue, but that is a different story.
Today, we see someone avers to knowledge inflicting randomly extreme taxes on his own people. Fodder for so many PHDs, reason for so many bankruptcies. #tariffs
Travelers reports lower net income in Q1 2025 due to wildfire losses - published 16 Apr 2025 #today #tax #NYSE #Dividends #Travel
https://grafa.com/news/insurance-travelers-reports-lower-net-income-in-q1-2025-due-to-wildfire-losses-424645?utm_source=us_news_en&utm_medium=mastodon&utm_campaign=424645
Starbuck;s shows how intellectual property is used to transfer profits to low/no tax jurisdictions.
Starbucks in the UK made a £35m loss in 2024, but paid £40m in royalties to its parent company. You don't have to be an economist to see what is going on here.... royalties within a corporate group are not about 'ownership' of the brand, they are about where the profit is going to be taken.
The division that holds the Starbuck's IP will be in a low tax country!
#tax
https://www.theguardian.com/business/2025/apr/15/starbuckss-uk-retail-business-paid-no-corporation-tax-last-year
Hold the Prosecco! Family Italian wine importer facing $1million tax hit Thursday thanks to ‘terrible’ Trump tariffs https://www.diningandcooking.com/2019485/hold-the-prosecco-family-italian-wine-importer-facing-1million-tax-hit-thursday-thanks-to-terrible-trump-tariffs-2/ #day #importer #Increase #Italian #ItalianWine #liberation #Prosecco #tariffs #tax #trump #Wine
Manuka Resources ( #MKR ) has released " Fast Track Application for the Taranaki VTM Project Lodged " on Wed 16 Apr at 09:33 AEST #tax #government #Australia #media #Strategy
https://grafa.com/asset/manuka-resources-ltd-3101-mkr.asx?utm_source=asxmktsensitive&utm_medium=mastodon&utm_campaign=mkr.asx
