Democrats are pushing to tax unrealized capital gains, which has sparked debate and concern about overreach in government interference in private business.
There is dissatisfaction with both Republican and Democratic parties for their roles in supporting legislation that may infringe on individual business privacy and rights.
The issue of government overreach and control extends beyond tax policies, as political motivations and power dynamics play a significant role in the push for increased transparency in private ownership.
Investor sentiment in Hong Kong is currently negative, but the perception of the city changing or dying may be misplaced due to its advantages like low taxes, currency stability, and efficient infrastructure.
Despite economic struggles in China, Hong Kong's economy is recovering with tourist returns, retail sales growth, and positive net migration, with potential for lower interest rates in the future.
Hong Kong remains vital in Asia, benefiting from low taxes, reliable legal system, and financial hub status, even amidst challenges like interest rate impact and risks from geopolitics and National Security Law.
Jeremy Hunt may announce a tax cut that is not financially sustainable and could be misleading.
The UK's tax burden is lower compared to other countries, partly due to lower spending on social programs.
The UK's low tax burden is also a result of reduced spending on working age benefits, uniquely high housing benefit expenditure, and underinvestment in infrastructure.
Tax exemptions can lead to resource misallocation and absurd litigation
Land rent collected by the State can fund public services effectively
Certain categories of land, like public land, endowment land of universities, and land used by separate autonomies, should be exempt from Land Value Tax
Consider investing children's savings in the stock market for long-term growth potential.
Opening a brokerage account in your name to hold ETFs or stocks for your child and then gifting it to them can be a tax-efficient way to invest for their future.
Ensure to handle legal aspects like declaring the donation to the tax authorities and consider equal distribution among multiple children to avoid inheritance disputes.
The reform on regional development attached to the tax reform intensifies the extraction of income from society towards regional groups outlined in the 1988 Constitution.
The new tax levied through the reform merges five indirect taxes, creating the largest tax of its kind globally, aiming to increase productivity and reduce tax disputes in Brazil.
The approval of the reform will centralize fiscal autonomy in states, limiting their ability to adjust tax rates based on economic needs and creating additional federal transfer funds, perpetuating income extraction from more developed to less developed regions.
Auctions can be considered as a method for assessing land values without the need for state-run assessments, allowing the market to determine the value of land.
The use of auctions for land valuation can ensure transparency and fairness by providing everyone with the opportunity to bid on a piece of land publicly.
While auctions may introduce some complexities like bargaining over home prices, they can still lead to reasonably accurate land valuations and generate significant tax revenue.
The IRS has launched the Direct File pilot program in 12 U.S. states, allowing eligible taxpayers to file their tax returns online for free.
The Direct File program aims to simplify the filing process for taxpayers with straightforward tax situations and offers live chat support.
Taxpayers can verify their identity through ID.me and use the Direct File service securely, positioning it as a free alternative to paid online services like TurboTax.
Since 2020, the wealthiest 1% of the world's population took nearly two-thirds of new wealth, significantly more than the rest of the population.
Global poverty is worsening while the very richest individuals continue to amass huge amounts of wealth, creating an alarming level of inequality.
Oxfam's report highlights the need for governments to increase taxes on the rich, invest in social services, and address the economic systems that benefit the wealthy.
Stock options are a key part of startup employee compensation, involving vesting schedules and the opportunity to buy company shares at a set price.
409A valuations determine the fair market value of a company's stock, influencing employee stock option prices and taxation.
The 90-day window after leaving a company requires employees to decide whether to exercise their vested stock options or lose them, potentially facing significant financial implications.
America's revolutionary era brought about innovative constitutional thinking in the realm of individual rights and the relationship between individuals and government.
The concept of self-ownership was strongly upheld by the founding generation, with property rights viewed as absolute and a primary responsibility of government was to protect those rights.
The founding generation emphasized the need to limit government powers to protect private property and contracts, institutionalize due process, and prevent abuse such as bills of attainders and ex post facto laws.
President Joe Biden signed a resolution giving lawmakers more time to finalize government funding bills, as Republicans have been stalling by inserting cultural demands and seeking budget cuts.
There are discussions about creating a 'debt commission' to address the budget deficit, even though it faces opposition from 70% of voters.
The ITEP report revealed that many profitable corporations paid very low effective tax rates due to loopholes, raising questions about the fairness of the tax system.