#tax

Why won't politicians countenance major increase on taxes for the most wealthy? Tax Justice UK interviewed a range of MPs & concluded that 'the barrier to taxing extreme wealth is a deeply entrenched pattern of political fear, economic uncertainty, institutional capture & parliamentary self-preservation'... But, it may also be possible to shift the dial; we need to make it much more 'costly' for our political class *not* to raise the rich's taxes! #politics #tax

You've seen a lot of bleating against the equalisation of income tax & capital gains tax, but meanwhile the HMRC has been busy clawing back unpaid CGT, recovering nearly £500m in 2025/26; its renewed vigour on business taxation raised the haul by 82% up on the previous year. As this suggests, when the HMRC deploys more staff & resources to business taxation, strangely the tax-take rises pretty significantly... its almost like business people were lying about their gains? #tax #politics h/t FT

Oh dear, the wealth advisors claiming that David Reuben (billionaire) had 'left' the UK due to Labour's tax changes, have been caught out... he's been domiciled in Monaco for tax purposes by his own admission for over a decade. And given other evidence of a lack of 'exodus' by the super-rich, it would be nice if the media started reporting real news not making up things that are convenient to their owners.... Not holding my breath, though #tax #politics #inequality

Republicans confirm Trump Attorney #ToddBlanche after they confirmed #PamBondi. #DOJ is now using #tax money to file frivolous lawsuits and ignore all Republican crimes while attacking anyone who shines a light on the #MAGA #fraud. The problem is US Republicans confirming the entire Administration they NOW ARE RUNNING AWAY FROM because the polling is so bad they have to attack the #vote itself. The same process was used on #January6th#jan6#USpol#premarket#investing#NoKings

You're going to see a lot of reporting about the state pension next year breaching the level of the personal income tax threshold; no doubt prompting outrage at the Triple Lock & the 'un-sustainability' of the state pension in its current form. But lets be absolutely clear; the state pension is going over the income tax threshold due to a protracted strategy of fiscal drag that has been used to stealthily raise taxes on the less well paid. That is the real news here! #pensions #tax #politics

Canada Looks to Lure Investment With Expensing Change That Promises to Give Country a Tax Edge https://www.wsj.com/world/americas/canada-looks-to-lure-investment-with-expensing-change-that-promises-to-give-country-a-tax-edge-d515a518?mod=rss_worldnews #Economy #Investment #Tax

New Zealand's richest man makes the largest single donation this cycle, to National. This is the death of democracy, outright corruption and is one way our political system gives outsized influence to the super-rich, to the detriment of everyone else. Donations to political parties should be outright BANNED . Only small membership fees should be allowed (e.g. maximum $100 per person per annum). Such fees are fundamentally democratic, because significant money can only be raised with significant population support. Then - tax the rich and fund political parties from the state budget. The rich still get to contribute to the political process, just can't do the choosing for all the rest of us. Unfortunately the response of Labour and other parties is "No Fair - rich people - donate to us too!!!!". https://www.rnz.co.nz/news/politics/647946/rnz-political-donations-tracker-national-s-war-chest-climbs-by-dollar440-000 #nzpol #tax #inequality

US Republicans have given away billions in #tax money towards "farm subsidized" #soybeans that are sold to #China as they scream #socialism like they scream #recession or "build the wall". Like wounded animals with no idea how to stop the pain of their own instincts. #USPol #MAGA#premarket#investing#CNBC#Squawkbox#NoKings

Hey Andy, when you come back off your two week holiday (abroad?) here's something you could get started with.... https://www.theguardian.com/business/2026/aug/04/uk-bank-tax-hsbc-profits-andy-burnham #HSBC #Tax #UKPol #UKPolitics #AndyBurnham

So, #Shopify CEO Tobias #Lütke, whose company commands a market capitalization near $154 billion, told his social media followers this week that a tax-tiered voting system—one that would strip #voting #rights from anyone who pays no income tax—would be a “good system.” Under this proposed system, the disenfranchised bloc would encompass all retirees living on Social Security and pension income, students, caregivers, disabled Americans, and millions of low-wage workers who owe no net federal income #tax after deductions and credits. All so billionaires could have many votes. Like lobbying doesn’t exist. Tying the right to vote to wealth or tax contribution has a name: “census suffrage,” or property-qualified voting which entrenched the political power of the already wealthy and locked out workers, women, and minorities from any say in the laws governing them. We’re not going back. Fuck all of that. #Guillotines to the front, please.

Adani to pay no company tax despite $1bn revenue from Queensland coalmine https://www.theguardian.com/business/2026/aug/01/adani-to-pay-no-company-tax-despite-1bn-revenue-from-queensland-coalmine #Business #Tax #Environment

Trump's tax immunity scheme hoists president by his own petard on Blanche AG nomination https://www.theguardian.com/us-news/2026/jul/30/trump-refuses-to-narrow-tax-immunity-deal #Politics #Tax #USNews

If Democrats are elected to the majority, US citizens must demand a referendum and pause on ALL #AI related Government activities with extreme regulations on US media companies as well as forcing all corporations paying US #tax to PAY the STANDARD DEDUCTION first before they calculate itemized deductions. That should create the wall needed and time to rebuild the US Federal Government as it's designed for "pubic service", not private equity. #USpol#vote#premarket#investing#NoKings

That the fate of an #US attorney general would be jeopardized by the administration’s apparent determination to keep in place a #tax deal offering a sitting president enormous financial advantages illustrated a defining characteristic of #Trump’s second term∶ a president’s personal interest…is now a factor in governing. #law #LegalEthics #DOJ #SlushFund

Badenoch says PM must rule out tax rises to fund social care reform https://www.bbc.co.uk/news/articles/c0jlzqe9z9vo?at_medium=RSS&at_campaign=rss #Politics #Economy #Tax

Steve Penny (Guardian Letters) expresses what a lot of us are thinking... the Q. is can Andy Burnham & his cabinet break out of the tax straitjacket on higher rate income taxes? I think (sadly) we all know the answer.... Our political class' common-sense on taxation remains Thatcherite! #politics #tax #inequality

The move provides fresh evidence of Trump’s intention to transform #GlobalTrade, despite numerous #court challenges & the protests of #US #consumers & businesses that have been stuck with higher #tax bills. Over the past 17 months, the #Trump admin has cycled through #trade #law after trade law as it tries to build a system to shield the US #economy from foreign #competition [it’s called a #FreeMarket, pretty freaking American] #tariffs

#gst #tax #greedflation #inflation #exploitation #classwar #EatTheRich #lovefoodhatefascism #society #community #greed

Your tax-free dividend allowance has been cut by 90% in a few years, and almost no one noticed. It was £5,000 in 2017/18. It's £500 now. If you hold income shares outside an ISA, far more of the payout is now taxed. The shelter matters more every year. #Dividends #Tax #UKPersonalFinance

Bite Size Economics - an aside - a joke: A statistician, an economist & an accountant go for a job & are asked to look at the firm's accounts & calculate the interest as a test. The statistician returns & says: you made £1,445,988.32 profit... The economist returns & says: well I'm pretty sure you *did* make a profit.... Before the accountant leaves they ask the panel: first, let me check; do you want to make a profit? #economics #accounting #tax#BiteSizeEconomics