Search Results for: tax

Former head of Morgan Stanley indicted for evading $45 million in taxes

Morris Zukerman Morgan Stanley tax evasion

Morris Zukerman spent 16 years at Morgan Stanley, at various points overseeing its energy and merchant banking practices, before starting his own investment firm in the late 1980s. His firm’s partners have included ConocoPhillips, ExxonMobil and Kinder Morgan. He endowed a Harvard sociology professorship. He collected dozens of expensive paintings, …

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EU orders Apple to pay Ireland up to €13bn in unpaid taxes

Ireland Apple unpaid taxes EU

Apple has been ordered to pay up to €13bn (£11bn) in back taxes to Ireland after the European commission ruled that deals between Apple and the Irish tax authorities amounted to illegal state aid. The commission said Ireland’s tax arrangements with Apple between 1991 and 2015 had allowed the US company to attribute sales …

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Australian government set to tax bank deposits

Australia Tony Abbott

The Australian Federal Government looks set to introduce a tax on bank deposits in the May budget. The idea of a bank deposit tax was raised by Labor in 2013 and was criticised by Tony Abbott at the time. Assistant Treasurer Josh Frydenberg has indicated an announcement on the new tax …

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100,000 Hungarians rally against ‘internet tax’

Hungary Internet Tax

One hundred thousand protesters have marched in Budapest against a plan by the Hungarian government to tax internet use from 2015. Tuesday’s rally, the second in three days, also showed growing discontent among mostly younger citizens against Prime Minister Viktor Orban’s policies centralising power and increasing the role of the …

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IRS stealing money from perfectly legal bank accounts

IRS money grab

The Internal Revenue Service has been seizing bank accounts belonging to small businesses and individuals who regularly made deposits of less than $10,000, but broke no laws. And the government is refusing to return all the money taken. The practice ‒ called civil asset forfeiture ‒ allows IRS agents to …

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Billionaire hypocrite George Soros owes $7 billion in taxes

George Soros tax

The US government will crack down on little people, including Snowden, whether it’s over economics, or law breaking, while the big guys, such as George Soros and David Petraeus get a free ride, Gerald Celente the publisher of Trends Journal, told RT. One of the world’s richest people, 84-year-old George …

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Socialism: Venezuela taxing the air you breathe

Venezuela breathing tax

There is something to be said about every socialist paradise in the history of socialist paradises: they always run out of other people’s money. And when they do, stuff like this happens: the biggest international airport in Venezuela is charging a fee for the right to inhale clean air. As BBC correctly notes, we’re …

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Australia’s largest coal miner makes $15 billion, pays zero tax

Coal mining

Australia’s largest coalminer, Glencore, paid almost zero tax over the past three years, despite income of $15 billion, as it radically reduced its tax exposure by taking large, unnecessarily expensive loans from its associates overseas. At up to 9 per cent, the interest rates on these $3.4 billion in loans …

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Deutsche Bank headquarters raided by police in tax fraud probe

Deutsche Bank tax fraud probe Franfurt

German prosecutors raided Deutsche Bank AG’s Frankfurt headquarters Tuesday morning in connection with a criminal tax-fraud probe, according to officials and other people familiar with the matter. The raid came two days after the bank said its co-chief executives would resign but the timing appeared to be unrelated to the management change, people familiar …

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Australia to create internet tax to fund spying on citizens

Stop spying

The Australian government is pushing to implement a ”surveillance tax” on the people of the country in order to pay for a mandate that would see communications companies retaining data on customers for two years. In a disturbing development that should serve as a warning to Americans, the Australian Attorney-General …

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Japan: 43% of tax revenue spent to cover interest on debt

Tax debt Japan

It’s entirely possible that we may see interstellar space travel in our lifetime. And what a dream that would be. But in the meantime, for anyone that’s losing patience with space technology, I would recommend you visit Japan. Because for anybody that has been here, this place is as close …

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Spain to tax bank deposits

Bank robbing depositors

Spain on Friday said it would introduce a blanket taxation rate of 0.03 percent on all bank account deposits, in a move aimed at harmonising regional tax regimes and generating revenues for the country’s cash-strapped autonomous communities. The regulation, which could bring around 400 million euros ($546 million) to the …

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Greece to tax cash withdrawals

Greece cash bank run ATM

Greece has revealed it will introduce a surcharge for all cashpoint withdrawals and financial transactions in a desperate attempt to prevent citizens withdrawing their money from the country’s beleaguered banks. Ministers hope the controversial move could raise as much as €180 million, which the Athens government hopes will help the country …

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Australia scraps carbon tax

Tony Abbott Australia

Tony Abbott has hailed the repeal of the “useless, destructive” carbon tax, pledging to reduce greenhouse emissions without the “international oddity” of a broadbased carbon price. The Prime Minister, while claiming victory after a five-year campaign against carbon pricing, also launched a new campaign against the Labor Party’s promise to …

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UN considers imposing global taxes

The United Nations will stay busy even after the annual General Assembly meetings wrap up this week, and on the agenda for upcoming debates are whether several global taxes should be implemented to milk rich member states and assist the impoverished. The United Nations plans to finalize their agenda for …

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IMF wants you to pay 71% income tax

IMF

The IMF just dropped another bombshell. After it recently suggested a “one-off capital levy” – a one-time tax on private wealth as an exceptional measure to restore debt sustainability across insolvent countries – it has now called for “revenue-maximizing top income tax rates”. The IMF’s team of monkeys has been …

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Australia fails to repeal carbon tax, here’s why…

Al Gore Clive Palmer carbon tax

The Abbott Government’s bid to bring on an early Senate vote to repeal the carbon tax has backfired after an eleventh-hour switch from the Palmer United Party to withdraw its support. The Senate rejected the bills to repeal the carbon tax, after a dramatic morning in which PUP leader Clive …

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