Australia: More than a third of big companies paid no tax in 2014-15

More than a third of big companies paid no tax in 2014-15, ATO reports:

Qantas tops the list of more than 1,900 companies, while revenue from the petroleum resource rent tax plummets

More than 35% of the largest public companies and multinational entities paid no tax in Australia in the most recent financial year on record, according to the second transparency report published by the Australian Taxation Office.

Qantas Airways, for the second year in a row, was the company with the highest total income to have paid no tax, followed by Origin Energy, Lend Lease and ExxonMobil Australia.

Read moreAustralia: More than a third of big companies paid no tax in 2014-15

California Cities Weigh “Netflix Tax” For Online Video Streaming

California Cities Weigh “Netflix Tax” For Online Video Streaming:

Government is on the verge of completely destroying the economy all because those in power are incapable of managing even a bubblegum machine, rages Armstrong Economics’ Martin Armstrong.

Local cities are desperate for money as their own pensions moving closer to collapsing.

Instead of dealing with the problem, of course, they always choose to just tax the stupid people.

Pasadena city officials are considering whether to tax subscribers of Netflix, Hulu, and other video streaming services under an existing municipal utility tax code that was initially designed for taxing cable television users. Sacramento and dozens of other California cities have similar codes that they are looking to use to tax video streaming. As NYTimes reports,

Read moreCalifornia Cities Weigh “Netflix Tax” For Online Video Streaming

Time Urges 65 Million Americans Who Voted For Hillary Not To Pay Taxes

Time Urges 65 Million Americans Who Voted For Hillary Not To Pay Taxes:

Under the twisted premise of losing the popular vote and “no taxation without representation”, TIME’s Mark Weston proclaims that the approximately 65 million Democrats who voted for Hillary Clinton should pledge “we won’t pay taxes to the federal government… until democracy is restored.”

Because, It’s just not fair?

Twice in the past 16 years, a Republican candidate who finished second in the popular vote has won the presidency. This year, Donald Trump won the electoral vote with about 46% of the popular vote, while Hillary Clinton received about 48%. If the parties stay this evenly divided, another electoral mishap is more likely than not in the next 20 years.

Read moreTime Urges 65 Million Americans Who Voted For Hillary Not To Pay Taxes

Hillary’s Huge Estate-Tax Hike

Hillary-Clinton-Satanic-Hang-Sign

Hillary’s Huge Estate-Tax Hike:

Hillary Clinton Proposes 65% Top Rate for Estate Tax” blared a headline in The Wall Street Journal. Since the current top statutory tax rate on estates is 40 percent, Clinton’s proposal is nothing if not audacious. I can’t recall Barack Obama, our most left-leaning president, ever calling for a 65 percent increase in tax rates for the rich.

Going after inheritances and estates is textbook Marxism. That is not an exaggeration. The third plank in Karl Marx’s 10-point platform for achieving socialism through democratic means — see his 1848 textbook to communism, The Communist Manifesto — was the abolition of inheritances. To repeat: it was point three in Marx’s 10-point plan.

Why They Love Estate Taxes

Read moreHillary’s Huge Estate-Tax Hike

Illinois Governor Furious After Pension Fund Cuts Returns Forecast, Sticking Taxpayers With “Crippling” Tax Hike

Illinois Governor Furious After Pension Fund Cuts Returns Forecast, Sticking Taxpayers With “Crippling” Tax Hike:

Illinois Governor Bruce Rauner was furious on Friday after unsuccessfully waging a last-minute battle to block the Teacher Retirement System pension fund from cutting its long-term return assumption from 7.5% to 7.0%, a move that puts the cash-strapped state government on the hook for up to $500 millions of dollars more in the short term.

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Here’s How Much Michael Phelps Might Have to Pay the IRS for Winning Olympic Medals

Here’s How Much Michael Phelps Might Have to Pay the IRS for Winning Olympic Medals:

You didn’t win that‘ might as well be the U.S. government’s official congratulatory platitude to American Olympians who succeed in Rio this summer.

This year, the IRS will impose a nearly 40% “victory” tax on athletes who take home gold, silver, and bronze medals for the United States.

American Olympians earn $25,000 for gold medals, $15,000 for silver, and $10,000 for bronze, paid for by the U.S. Olympic Committee. But according to the non-profit advocacy group Americans for Tax Reform, “a  gold medalist from Team USA could end up facing a tax bill of $9,900 per gold medal, $5,940 per silver medal, and $3,960 per bronze medal.”

Read moreHere’s How Much Michael Phelps Might Have to Pay the IRS for Winning Olympic Medals

Wealth Tax Looms As Greeks Forced To Declare All ‘Assets’ To Tax Authority

Related info:

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Wealth Tax Looms As Greeks Forced To Declare All ‘Assets’ To Tax Authority

In Greece’s ongoing collapse into utter farce, The Greek finance ministry confirmed some more details of the long-planned registration of all kinds of private wealth that will go into effect in February 2017. As KeepTalkingGreece reports, more than 8,500,000 tax payers registered in Greece will be called to declare all moveable and immovable assets, their total “wealth”, and even cash they possess even if it is below 100 euro. Furthermore, the taxpayers will have to register changes in their assets when they occur and not annually.

Tax authorities will upload on their website pre-filled data like real estate, declared income, income from rents, loans, vehicles etc – practically the pre-filled data will refer to data given by taxpayers in their income declaration.

And under the new scheme, Greeks are mandated to have registered everything they own, with taxpayers having to add moveable and immovable possessions such as paintings, antiques, jewelry, even historical weapon, etc but also the cash they have in their wallets or under the mattress.

Read moreWealth Tax Looms As Greeks Forced To Declare All ‘Assets’ To Tax Authority

Ein Schweizer Parlamentarier spricht über das unausgesprochene! (Video)

H/t reader U.B.


18.03.2016

Description:

Ein Schweizer Parlamentarier spricht Klartext: das momentane Geldsystem, ist ein grosses Betrugssystem! Bitte ansehen und teilen!!!

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Dogshit & Sugar-Tax In Philadelphia: “The Stupid, It Burns”

30 BLOCKS OF DOG SHIT & SUGAR TAXES:

Dog shit and sugar taxes tell you everything you need to know about the corrupt Philly politicians and people living in West Philly. A match made in 30 Blocks of Squalor heaven. There is no solution. This city is too far gone. The people of West Philly have been indoctrinated into this lifestyle over generations. It will eventually end in tears when the city goes bankrupt and the welfare money dries up. Then it will burn.

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Frustrated Illinois Taxpayers Pay Property Tax With $1 Bills

Frustrated Illinois Taxpayers Pay Property Tax With $1 Bills:

Jeff McGrath has been fed up about his property taxes going up for years in McHenry County, Illinois. However when McGrath was told that taxes would go up another 26% this year and nobody could provide any explanation for it, he had enough, and decided that a statement needed to be made.

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Philadelphia Becomes First Major City To Pass A Soda Tax

Philadelphia Becomes First Major City To Pass A Soda Tax:

While not quite as draconian as the soda ban which former NYC billionaire mayor Michael Bloomberg tried (and failed) to pass in New York in 2014, moments ago the the Philadelphia City Council approved a 1.5-cent-per-ounce tax on sugar-sweetened and diet beverages, the first such tax imposed in a major U.S. city. The reason? The Council is looking to raise about $91 million for an expansion of early childhood education. Instead, the money will most likely be siphoned off into various underground ventures (and bank accounts) or outright embezzled.

As a reminder, three years ago Michael Bloomberg pushed to ban oversize sodas in New York, a campaign which was ultimately rejected by the New York Court of appeals. The Philadelphia approach was less terminal, and ultimately promised revenues to the city, which is why it passed in a 13-4 vote this afternoon. The vote put to bed months of speculation and at-times tense negotiations, but also ensured the national spotlight will stay turned to Philadelphia for months, if not years, to come.

Read morePhiladelphia Becomes First Major City To Pass A Soda Tax

Introducing Europe’s Frightening New Tax Directive

EU-tax-directive

Introducing Europe’s Frightening New Tax Directive:

In a bizarre story disclosed over the weekend, we learned that Belgium’s Princess Astrid was robbed by two assailants on a motorbike.

The thieves apparently approached her while she was sitting in traffic, smashed in her window, snatched the Royal Handbag, and sped off with over 2,000 euros in cash.

I have no doubt that was a harrowing experience for the princess, as it would be for anyone.

But as I researched a bit more, I learned that Belgium’s royal family is lavishly paid, particularly for a small country of just 11 million people.

Read moreIntroducing Europe’s Frightening New Tax Directive

Another Reason To Vote BREXIT: UK Taxpayers Biggest Funders Of ‘Failed’ Juncker “Immigration” Plan

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Another Reason To Vote Brexit: UK Taxpayers Biggest Funders Of ‘Failed’ Juncker “Immigration” Plan:

British citizens seeking yet another reason to vote Brexit, have one in spades.

The roots of this reason go back to last year when European Commission president Jean Claude Juncker hatched a 3-year plan to leverage €20 billion in seed capital to produce a €300 billion gain in Eurozone investment.

As one might expected, the results are nonexistent even though Juncker has already used up the €20 billion in seed capital.

Read moreAnother Reason To Vote BREXIT: UK Taxpayers Biggest Funders Of ‘Failed’ Juncker “Immigration” Plan

Bill Gates says we need higher taxes to help the poor. Jeremy Paxman asks why Microsoft have comitted to Tax Avoidance. Hypocrisy at its finest.

Bill Gates says we need higher taxes to help the poor. Jeremy Paxman asks why Microsoft have comitted to Tax Avoidance. Hypocrisy at its finest.:

 

We don’t really need higher taxes for any purpose though. We don’t have a balanced budget. So “there’s only so much money to go around” is a false proposition.

There’s no money to help the poor because there’s no political incentive to help the poor.

The availability of money is not the problem.

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Are Property Taxes a “Wealth Tax” on the (Mostly) Non-Wealthy?

Are Property Taxes a “Wealth Tax” on the (Mostly) Non-Wealthy?:

The fallacy in this assumption is that homeowners’ incomes do not automatically rise along with housing valuations.

In my recent entry Dear Homeowner: If You’re Paying $260,000 in Property Taxes Over 20 Years, What Exactly Do You “Own”?, I questioned the consequences of high property taxes. Some readers wondered if I was saying all property taxes should be abolished. The short answer is no–what I was questioning is local government reliance on property taxes to the point that owning a home no longer makes financial sense because the property taxes consume any appreciation other than the transitory “wealth” generated by a housing bubble.

Read moreAre Property Taxes a “Wealth Tax” on the (Mostly) Non-Wealthy?

Former IRS Agent Admits: “Personal Income Tax is Actually Illegal”

Flashback:

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Reflections & Warnings – An Interview With Aaron Russo (Full Video, 02:38:29)


Former IRS Agent Admits: “Personal Income Tax is Actually Illegal”:

It is tax day again.

Chances are, you’re done with the dirty business this year, or laying low in hopes that you aren’t audited or flat out persecuted. If not, the clock is quickly ticking.

But it is worth pointing out once again the many ways in which the federal tax scheme in the United States is illegal.

Read moreFormer IRS Agent Admits: “Personal Income Tax is Actually Illegal”

Fifty biggest US companies stashing $1.3trn offshore

web-coca-cola-offshore-beach

Fifty biggest US companies stashing $1.3trn offshore:

The 50 biggest US companies have more money stashed offshore than the entire GDP of Spain, Mexico or Australia, collectively keeping about $1.3trn (£0.91trn) in territories where the money does not count towards US tax, according to a new report by Oxfam.

The revelations come after the European Commission announced plans to make big companies more transparent about where they pay tax.

Read moreFifty biggest US companies stashing $1.3trn offshore