Taxes

Corporate Tax Avoidance Could Get Worse Under Trade Agreements

February 16, 2016 Staff, www.globaljustice.org.uk Educate! CETA, ISDS, Taxes, TTIP

By Staff of Global Justice Now - Corporations are regularly using secretive corporate courts to undermine the ability of countries to pass effective tax legislation, according to a new report,Taxes on trial: How trade deals threaten tax justice. The report warns that if the free trade deal being proposed between the EU and the USA were to come into force, it would massively increase the ability of corporations to sue member states of the EU over measures such as windfall taxes on exceptional profits, or use of taxation as a policy instrument such as a possible ‘sugar tax’.

Traffic Enforcement Is Not About Safety

January 12, 2016 Lorelei Mcfly, www.copblock.org Educate! Police, Taxes, Transportation

By Lorelei Mcfly for Cop Block - In his article, “How Waze Makes Roads Safer than the Police” Jeffrey Tucker explains how the Waze mobile app helps create a safer driving experience for everyone by alerting drivers to pot holes, accidents, and traffic jams, and also fostering a sense of community amongst motorists: Waze has subtly changed my outlook on driving. Other drivers become your benefactors because it is they who are reporting on traffic accidents, cars on the side the road, blocked streets, and the presence of police. They are all doing you favors. If you report, others thank you for doing so. You even see icons of evidence that your friends are driving, too.

Illumination Project Asks Where The Money Went

September 20, 2015 Tom Tresser, www.tifreports.com Organize! Austerity, Chicago, Taxes, Transparency

By Tom Tresser for TIF Illumination Project. Chicago, IL - What a night at Malcolm X College. About 300 people showed up for the first 2016 Budget Town Hall presided over by Mayor Emanuel and attended by all his department heads on September 1. Dozens of folks got one minute to ask a question or make a statement. The room was filled with supporters of the Dyett High School hunger strikers. People young and old expressed their anger and aspirations, stepping up to the mike and demanding that the mayor first meet with the hunger strikers and accept the community-development proposal to transform Dyett into a global leadership and green technology academy.

Turning Pennies Into Billion$: The Tiny Tax Wall Street Fears

September 19, 2015 Matt Stannard, www.occupy.com Educate! Capitalism, Finance and the Economy, Taxes, Urban

By Matt Stannard in Occupy - A financial transaction tax (FTT) is a tiny charge placed on financial (rather than consumer) transactions. It can range from a dime to fifty cents per $1,000 exchanged. Many countries have particular transaction taxes – Peru for foreign wire transfers, Finland for Finnish securities and derivatives, France for stock purchases of publicly traded French companies with a market value over €1 billion. Brazil used to have a financial transaction tax, then it didn’t, and now it wants one again. Supporters of an FTT in the U.S. have been pushing the plan for years, though it’s not as alluring, loud or radical-sounding as public banks or worker-owned cooperatives. Experts on the tax tell me that global cooperation will make it work even better (money travels easily) and that we can start it anywhere – particularly in cities where financial trading is concentrated, like New York and Chicago.

Many Confused By Tax Filing Requirements Could Lose ACA Tax Credits

August 11, 2015 Ricardo Alonso-Zaldivar, www.AP.com Educate! ACA, Health Care, Taxes

By Ricardo Alonso-Zaldivar in PNHP - About 1.8 million households that got financial help for health insurance under President Barack Obama's law now have issues with their tax returns that could jeopardize their subsidies next year. Consumers who got health care tax credits are required to file tax returns that properly account for them, even if they are unaccustomed to filing because their incomes are low. Unless they follow through, "they will not be able to receive tax credits to help lower the cost of their health insurance for 2016," Lodes explained (Lori Lodes, communications director for the Centers for Medicare and Medicaid Services). The 1.8 million households with tax issues represent 40 percent of 4.5 million households that had tax credits provided on their behalf and must account for them. "What the IRS is doing here is sending these people a not-so-gentle reminder that they need to file or they will put their subsidy at risk," said Mark Ciaramitaro, vice president for tax and health care at H&R Block, the tax preparation company. He cautioned that many consumers will find the process cumbersome, so they should waste no time getting started.

A Moment That Changed Me – The Day I Discovered Protest

July 17, 2015 Ellie Mae O'Hagan, www.theguardian.com Resist! Activism, Iraq War, Protest, Taxes, United Kingdom (UK)

By Ellie Mae O'Hagan in The Guardian - It was an email. It read: “No, but you could always organise something.” It arrived in my inbox on a Wednesday afternoon in October 2010. At the time I was working in a poorly paid job in Liverpool, unsure of what I wanted to do with my life, bored out of my mind and fidgety about the recently elected coalition government, which was teetering on the edge of enacting “swingeing” cuts to the public sector. At some point that day – 11am, I think – I was idly scrolling through Twitter (some things don’t change) and I noticed something stirring. A group of activists hadoccupied Vodafone’s flagship store in protest against the company’s alleged tax avoidance. .They shut Vodafone down. It was amazing: new, young, immediate, exciting – and totally different from the A-to-B marches I’d taken part in beforethe UK invaded Iraq in 2003.

Newsletter – We Demand Accountability

April 18, 2015 Margaret Flowers and Kevin Zeese, www.PopularResistance.org Newsletter Banking, Climate Change, Corporatism, Corruption, Democracy, Empire, fast track, killed by police, Police abuse, Taxes, TPP, Wages, Wealth Ineqaulity, World Bank

On Tax Day, April 15, 61 year old Doug Hughes, a mailman from Florida, landed a gyrocopter on the Capitol lawn to deliver 535 letters to members of Congress in order “to spotlight corruption of Congress and to present a solution to legalized bribery.” Hughes told the Tampa Bay News that "I'd rather die in the flight than live to be 80 years old and see this country fall." He has been released on bond with home detention and returns to court on May 8th to face charges of operating an unregistered aircraft and violating restricted airspace, facing a total of four years incarceration. On Saturday, April 11, 22 year old Leo Thornton shot and killed himself in front of the Capitol. He had a sign taped to his hand that read, “Tax the 1%.” The media ignored him, some called him an extremist and did not report his "radical" message of fair taxes. Protests by individuals and groups become impactful when they ignite others to join, to mobilize in support of the call. We urge you to support protests by participating, spreading the word and mobilizing in whatever way you can.

‘Dear IRS’ We Refuse To Pay For War And Weapons

April 12, 2015 Ruth Benn, www.nwtrcc.org Resist! Taxes, Wars and Militarism

As April 15, tax day, approaches, thousands of individuals — like David and Jan Hartsough, Elizabeth Boardman, and Ari Rosenberg quoted above — sit down and write letters to the IRS, Congresspeople, the President, newspapers, blogs, and friends and family explaining why they protest war with their taxes. On April 15 in communities across the United States, those same people will be joining others in vigils, pickets, rallies, and forums to call attention to what they see as the harmful effects of military spending. People in the U.S. who are working to change federal budget priorities away from military spending and to human and environmental needs join others around the world on the Global Day of Action on Military Spending.

The Tax Trap Of Student Debt Cancellation

April 11, 2015 Ira B Dember, www.occupy.com Educate! Education, Student Debt, Taxes

There’s just one catch. Under current federal tax rules, when student debts are cancelled, millions of families will get blindsided by a staggering tax bill. It will force many folks into sudden, unexpected financial ruin. Many people will lose their homes or be forced to sell. Many will go bankrupt. And many will trade student-debt collectors for even more powerful IRS debt collectors. Without a change in tax rules, it could be “out of the frying pan, into the fire” for cash-strapped families. The problem: Uncle Sam treats forgiven debt as income. Under normal circumstances, this policy helps prevent tax fraud. Imagine, if any forgiven debt were tax-free, your employer could “loan” you your salary.

The Debate Over Public Internet Broadband Is Heating Up

March 12, 2015 David Morris, www.alternet.org Create! FCC, Internet, Law, Public, Taxes

On February 28th the Federal Communications Commission issued two decisions. One concerned net neutrality, the other municipal broadband. The first garnered by far the most attention, as it should. Net neutrality affects everyone and establishes a fundamental new principle for Internet access. But as another presidential campaign looms the FCC decision on municipally owned broadband may offer more fertile ground for a vigorous political debate on the role of government and the scale of governance. The decision arose from a petition to the FCC by Chattanooga, Tennessee and Wilson, North Carolina asking it to overturn state laws that prevent them from extending their highly successful publicly owned networks to surrounding communities eager to connect.

HSBC Files: Swiss Bank Helped Clients Dodge Taxes, Hide Millions

February 9, 2015 David Leigh, James Ball, Juliette Garside and David Pegg, www.theguardian.com Educate! Bank, Finance and the Economy, Taxes

The Guardian’s evidence of a pattern of misconduct at HSBC in Switzerland is supported by the outcome of recent court cases in the US and Europe. The bank was named in the US as a co-conspirator for handing over “bricks” of $100,000 a time to American surgeon Andrew Silva in Geneva, so that he could illegally post cash back to the US. Another US client, Sanjay Sethi, pleaded guilty in 2013 to cheating the US tax authorities. He was one of a group of convicted HSBC clients. The prosecution said an HSBC banker promised “the undeclared account would allow [his] assets to grow tax-free, and bank secrecy laws in Switzerland would allow Sethi to conceal the existence of the account”.

Report: Every US State Tax System Is Fundamentally Unfair

January 15, 2015 ITEP, www.itep.org Educate! Taxes, wealth inequality

The 2015 Who Pays: A Distributional Analysis of the Tax Systems in All Fifty States (the fifth edition of the report) assesses the fairness of state and local tax systems by measuring the state and local taxes that will be paid in 2015 by different income groups as a share of their incomes.1 The report examines every state and the District of Columbia. It discusses important features of each state’s tax system and includes detailed state-by-state profiles that provide essential baseline data to help lawmakers understand the effect tax reform proposals will have on constituents at all income levels. The report includes these main findings: • Virtually every state tax system is fundamentally unfair, taking a much greater share of income from low- and middle-income families than from wealthy families. . .

Luxembourg Tax Scandal, Hiding Billions In Corporate Tax Dollars

November 17, 2014 Hamish Boland-Rudder, Leslie Wayne and Kelly Carr, www.icij.org Educate! Corporate crime, Finance and the Economy, Tax havens, Taxes

Tens of thousands of leaked confidential documents have shown that Luxembourg has been making special tax deals with transnational corporation that have allowed them to avoid billions of dollars in taxes. According to a report from the International Consortium of Professional Journalists: Pepsi, IKEA, FedEx and 340 other international companies have secured secret deals from Luxembourg, allowing many of them to slash their global tax bills while maintaining little presence in the tiny European duchy, leaked documents show. These companies appear to have channeled hundreds of billions of dollars through Luxembourg and saved billions of dollars in taxes, according to a review of nearly 28,000 pages of confidential documents conducted by the International Consortium of Investigative Journalists and a team of more than 80 journalists from 26 countries. More: Explore the Documents: Luxembourg Leaks Database The story is growing into a major worldwide scandal as report in the article below.

Hungary Internet Tax Cancelled After Mass Protests

November 1, 2014 BBC, www.bbc.com Resist! Freedom of Speech and Assembly, Hungary, Internet, Protests, Taxes

Hungary has decided to shelve a proposed tax on internet data traffic after mass protests against the plan. "This tax in its current form cannot be introduced," Prime Minister Viktor Orban said on Friday. Large-scale protests began on Sunday, when demonstrators hurled old computer parts at the headquarters of Mr Orban's ruling Fidesz party. The draft law - condemned by the EU - would levy a fee on each gigabyte of internet data transferred. The protesters objected to the financial burden but also feared the move would restrict free expression and access to information. The levy was set at 150 forints (£0.40; 0.50 euros; $0.60) per gigabyte of data traffic.

Groups Oppose World Bank’s Doing Business Rankings

October 28, 2014 Staff, www.PopularResistance.org Educate! Corporatism, Environment, Taxes, Worker's Rights, World Bank

Tomorrow, October 29 2014, the World Bank will release its 2015 Doing Business report and ranking of some 189 countries, including our nation. The report helps business push countries in a race to the bottom with laws that do not protest workers, the environment, consumers or control the abuses of transnational corporation. Popular Resistance sees these rankings as a great disservice to the world that empowers corporations and weakens governments and the people. Since 2002, through this annual publication, the World Bank has been benchmarking and ranking countries according to “the ease of doing business.” The Doing Business is based on the principles of privatization, deregulation, low taxation for corporations, and ‘free market’ fundamentalism. It rewards the lowering of social and environmental safeguards, therefore allowing the exploitation of natural resources and human capital by foreign corporations and local elites.

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