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Tag Archives: tax

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 »

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 working around the clock on this one, figuring that developed ... Read More »

Ignoring reality is going to wipe out the human race

war-is-peace-freedom-is-slavery-ignorance-is-strength

To inform people is hard slugging. Everything is lined up against the public being informed, or the policymakers for that matter. News is contaminated by its service to special interests and hidden agendas. Many scientists or their employers are dependent on federal money. Even psychologists and anthropologists were roped into the government’s torture and occupation programs. Economists tell lies for ... Read More »

Israel looking to become the first cashless society

Israeli currency

The government on Tuesday authorized establishment of a committee that will examine ways to eliminate cash from the Israeli economy – the better to prevent citizens from cheating on their taxes. The committee will be chaired by Harel Locker, director of the Prime Minister’s Office. Cash is easily passed from individual to individual, and transactions using cash can take place ... Read More »

Bono exposed as a complete fraud

Bono award from Queen Elizabeth II

‘Bono’s positioning of the west as the saviour of Africa while failing to ­discuss the harm the G8 nations are doing has undermined campaigns for justice and accountability.’ It was bad enough in 2005. Then, at the G8 summit in Scotland, Bono and Bob Geldof heaped praise on Tony Blair and George Bush, who were still mired in the butchery ... Read More »