Tag Archives: tax

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 state to the detriment of private enterprise. The government has ... Read More »

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 seize property they suspect of being tied to a crime, ... Read More »

Lois Lerner confronted in her neighbourhood over IRS scandal

Lois Lerner

Lois Lerner, the retired IRS functionary who remains at the center of the scandal in which that agency targeted conservatives and Tea Party groups, doesn’t like to be targeted. She likes collecting her $100,000 a year pension, though. Jason Mattera caught up with Ms. Lerner in her well-to-do neighborhood recently just to get her to answer a few questions. Such ... Read More »

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 admitted that the surveillance system is ”under active consideration by ... Read More »

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 used to a seemingly endless range of taxes and surcharges ... Read More »

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 state coffers based on total deposits worth 1.4 trillion euros, ... Read More »

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 were double what the company would have had to pay ... Read More »

Swiss bank admits helping elite Americans avoid taxes, fined $2.6b, no one jailed

Credit Suisse

Swiss bank Credit Suisse pleaded guilty Monday to the charge that it facilitated wealthy Americans who sought to commit tax evasion, becoming the first major bank to admit criminal wrongdoing in over 20 years and agreeing to pay $2.6 billion in fines. The settlement announcement Monday included an acknowledgement from bank officials that they knowingly and intentionally helped thousands of ... Read More »

5 Nobel Prize winners: ‘End the war on drugs’

War on Drugs

Many have pointed out that the global war on drugs has been a waste of tax-payer time and money. It has also resulted in loathsome socio-political policies that have negative long-term ramifications. Now, five Nobel Prize winning economists as well as several world leaders are endorsing a just-published report by the London School of Economics and Political Science which seeks to end the drug ... Read More »

IRS continues targeting people who support liberty

IRS building

The United States Federal Reserve is usually the government office finding itself most often in the crosshairs of former Texas congressman Ron Paul, but now the longtime lawmaker is setting his sights on another agency: the Internal Revenue Service. Paul’s relentless efforts to abolish the Fed have without a doubt been a hallmark of the 78-year-old libertarian’s career in Congress, ... Read More »