Discover and read the best of Twitter Threads about #TAX

Most recents (24)

ach, liebe banker*innen… danke für eure ideen… ich hätte da auch eine für eine nachhaltige steuerdebatte… machen wir es am nutzen für die gesellschaft fest, hm?

…"City bankers to destroy £7 of social value for every pound in value they generate…"

neweconomics.org/2009/12/a-bit-… Image
zum vergleich…

Eltern- und Kinderarbeit…

"For every £1 they are paid, childcare workers generate between £7 and £9.50 worth of benefits to society." Image
oder Krankenhausreiniger*innen…

"We estimated, however, that for every £1 they are paid, over £10 in social value is generated." Image
Read 5 tweets
Steve Hilton gets it
... The #Democracts Norms: "from deplorable to despicable, 4yrs on non-stop hate, they want #Americans they dismiss & demean to rollover & pay homage to the new regime, No"

Real power 'when you change the way people think'
#Thatcher, #Reagan, #Trump -ism
... Triumph of #Trumpism
#American's want #Trump 2nd term on the success of the 1st on its substance & on its results, one of most successful in history: issues addressed (#China #Manufacturing #MiddleEast #OpenBorders #EndlessWar)
/2
... Trumpism is
pro-#Business on #Tax & #Regulation
pro-#Worker on #Trade & #Immigration

Andrew Sullivan: "Trump's core message was seared into one of our major political parties for the foreseeable #future & realigned #American #Politics"
/3
Read 8 tweets
Financial spread betting might be a tax efficient and the right instrument to use in the UK and Ireland but witiout knowledge it can be disasterous.
Spread betting for beginners is a good start and then the learning curve.
#spreadbetting #trading
independentinvestor.com/spread-betting… Image
Did you know that financial spread betting is tax free? It means you've got to pay no tax... no Capital Gains Tax, No Stamp Duty, No tax at all.
#tax #trade
independentinvestor.com/spread-betting…
Financial spread betting envolves trading on leverage.
Yes, it could be good and benefit you but once you lose control of the leverage you might run into serious troubles. Make sure you treat leverage with respect and remember... it can hurt.
#leverage
independentinvestor.com/spread-betting…
Read 5 tweets
#TAX! Here's Davos' #WorldEconomicForum again, suggesting that we should tax meat eaters... 'like smokers' ?!?! What a #GreatReset that'll be! 😬

weforum.org/agenda/2018/01…
The idea is also spread by C. Figueres, a main driving force behind the Paris climate agreement & member of the Board of.... #WRI 🤔 The meat tax idea is further amplified by #EAT member Springmann who wrote a specific study on it: journals.plos.org/plosone/articl…

raconteur.net/sustainability… Image
A #GreenNewDeal-linked plan of New York’s (#NYC) City Council (& mayor Bill #deBlasio) to halve the red meat supply in municipal buildings & phase out processed meats in schools & hospitals by 2030.

Ehrr... what about the future of New-York hot dogs? 🤔
dailymail.co.uk/news/article-6… Image
Read 18 tweets
Recently, the @FinMinIndia notified that ‘aircraft leasing’ will be considered a financial product. This will be permitted at GIFT City—India’s International Financial Services Centre (IFSC). This may seem like a minor development, but is a big step. Here’s why - a thread <1/13>
@FinMinIndia The #aviation industry is going through a rough patch. @IATA expects air traffic will take years to recover to pre-pandemic levels. Over time, #zoom and #googlemeet can eat into the air #travel business market. <2/13>
@FinMinIndia @IATA The other reasons of #airtravel: leisure, #education, visiting friends & relatives could see a bounce-back. Recent trends show that the demand can quickly fill up when #lockdown opens. The 'winter schedule' will have more than half the pre-#pandemic capacity deployed <3/13>
Read 13 tweets
… took me about
half an hour
yesterday (t o 27 20)
at city county building,
from back of line
of about sixteen people
#voteearly
#thankyou
#ivoted
#imsorry
#payyourdamntaxes45
#please
#citycountybuilding
#iloveyou
#voteforamericaorvoterepublican
#knoxville
#proudtopayMYtaxes
#vote

at about 10:17 am
to walking out
at about 10:43;

paid #tax;

got the tuesday special in the #cafeteria of #chickenfriedsteak
and #mashedpotatoes with #whitepeppergravy,
green bean beans (sic),
and a #dinnerroll,
and two! #bananapudding!s
!
there are #wenesday (2/3) …
3/4

and #thursday #specials, too,
and #freeparking at [ask @katbus] and #freetrolleys to and from,
and lines shorter than other places,
and friendly poll workers, …
Why Wouldn't You #GOVOTE early at the most 1970s architecturally beautiful government building in town?
Read 12 tweets
Have you noticed how the people making the arguments for a hard or no-deal #Brexit aren’t formally connected, but sound similar?
And have you noticed how none of their arguments seem to be a positive thing for the #environment?
There’s one very good reason why.
All those pushing for market deregulation and for the #UK to enter into trade deals that could be catastrophic for the #climate are connected
As a new map from DeSmog shows, there is a large network of lobbyists and campaigners based out of offices in and around Westminster’s
55 Tufton Street – with ties to climate science denial on both sides of the #Atlantic – that is now calling the #Brexit shots
Tufton Street Network
The map shows around 2,000 connections between the supposedly separate groups in the network, all operating around #Tufton Street.
Read 27 tweets
The Impact Assessment finds that Pillar 1 & Pillar 2 could increase global corporate income tax (CIT) revenues by about USD 50-80 bn a year. The combined effect of the reforms & the US GILTI could represent USD 60-100 bn a year (i.e. up to around 4% of global CIT revenues).
Pillar 1 would involve a significant change to the way taxing rights are allocated among jurisdictions, as taxing rights on about USD100 bn of profit could be reallocated to market jurisdictions under the Pillar 1 rules.This would lead to a modest increase in global tax revenues.
On average, low, middle and high income economies would all benefit from revenue gains, while ‘investment hubs’ would tend to lose tax revenues. #OECD #Tax
Read 9 tweets
The #UK’s economic and political life revolves around corruption
By Dorset Eye -
Fear, shame, embarrassment: these brakes no longer apply. The government has discovered that it can bluster through any scandal. No minister need resign. No one need apologise. No one need explain.
As public outrage grows over the billions of pounds of #coronavirus contracts issued by the #govt without competition, it seems determined only to award more of them. Never mind that the consulting company
#Deloitte, whose personnel circulate in and out of govt, has been strongly criticised for the disastrous system it devised to supply protective equipment to the #NHS. It has now been granted a massive new contract to test the population for #Covid-19.
Read 29 tweets
Mr.#பொதுஜனம்....

$ நூற்றைம்பது சவரன் போட்டு மகளுக்கு திருமணம் முடித்தவன் வீட்டில் #கலைஞர் TV ஓடுகிறது.

$ ஊருக்குள் 30 வீடுகள் வாடகைக்கு விட்டவன் #பசுமை வீடு மானியத்தில் வீடு கட்டிக்கொண்டான்.
$ இரண்டு மகன்கள் #அமெரிக்காவில் சம்பாதிக்கிறார்கள். ஆனால் முதியோர் பணம் 1000 பெறுகிறார்கள்.

$காரில் சென்று இலவச சேலை பெறுகிறார் ஒரு பெண்.
IT கம்பனில் #லட்சத்தில் சம்பளம், ஆனால் ஜாதி படி ரேஷன்கார்டு படி #தாலிக்கு தங்கம் பெறுகிறார் இன்னொருவர்.
$ 5000 சதுர அடியில் நீச்சல் குளத்துடன் வீடு. ஆனால் #வீட்டுவரி ரூ350. அதாவது 20 வருடத்திற்கு முன்இருந்த பழையவீட்டின் வரியே தொடர்கிறது அரசு அதிகாரிக்கு லஞ்சம் கொடுத்து.
Read 7 tweets
Shame!
Mr.#பொதுஜனம்....
$ நூற்றைம்பது சவரன் போட்டு மகளுக்கு திருமணம் முடித்தவன் வீட்டில் #கலைஞர் TV ஓடுகிறது.
$ ஊருக்குள் 30 வீடுகள் வாடகைக்கு விட்டவன் #பசுமை வீடு மானியத்தில் வீடு கட்டிக்கொண்டான்.
$ இரண்டு மகன்கள் #அமெரிக்காவில் சம்பாதிக்கிறார்கள். ஆனால் முதியோர் பணம்
1000 பெறுகிறார்கள்.
$காரில் சென்று இலவச சேலை பெறுகிறார் ஒரு பெண்.
IT கம்பனில் #லட்சத்தில் சம்பளம், ஆனால் ஜாதி படி ரேஷன்கார்டு படி #தாலிக்கு தங்கம் பெறுகிறார் இன்னொருவர்.
$ 5000 சதுர அடியில் நீச்சல் குளத்துடன் வீடு. ஆனால் #வீட்டுவரி ரூ350. அதாவது 20 வருடத்திற்கு முன்இருந்த
பழையவீட்டின் வரியே தொடர்கிறது அரசு அதிகாரிக்கு லஞ்சம் கொடுத்து.
$ இது போக #ரேசன் பொருளை வசதியானவர்கள் வாங்கி, ஏழைகளுக்கு விற்பது.
#மானிய சிலின்டர்களை கார் பார்டிகளுக்கு விற்பது.
பைனான்ஸ்+சீட்கள் நடத்தி கோடியில் விளையாடும் ஒருவர் #Income #Tax என்றால் என்ன? என்கிறார்.
Read 6 tweets
The average #dividend yield of a typical dividend #Portfolio is 4% (non US citizens are taxed 30% on Dividends) this means as Nigerians we need to have a 6% yielding portfolio for a 4% yield (6%*70%=4%).

This is achievable by investing in a Portfolio of #diversified stocks
How much #investments to get paid monthly dividends
Parameters:
#Dividend #yield 6%(4% after tax)
Dividend #tax rate 30% (non US)
#Dividendgrowth rate 6%
#Share #price growth 8%
Duration #10yrs
1. #100k/mnth - #10million
2. #500k/mnth- #60million
3. #1million/mnth #116million
How many years invested to reach goal
with Monthly payments + #reinvested #Dividends

1.#100k/mnth - invest #50k/mnth for 10yrs
2. #500k/mnth - invest #250k/mnth for 10yrs
3. #1million/mnth invest #500k/month for 10yrs.
#onaijainvestor #dividendincome #naija #passiveincome
Read 5 tweets
The CBO has dropped the '2020 long-term budget outlook' - It's not pretty...cbo.gov/system/files/2… #US #USeconomy #Debt #FiscalMonetaryMelt #Macro #Risk Some take aways...(1/5)
2/5 #US federal #deficits, #debt, spending & revenues...#Macro #Risk ImageImageImageImage
3/5 #US looking for some revenues...#tax bracket creep...An attempt at some humour; modelling potential cuts to deficit to keep debt equal to 100% of GDP...Consequences of rising #debt & some historic context...#Deficits 2020-2030...#Macro #Risk ImageImageImageImage
Read 5 tweets
Day6: Parliament #MonsoonSession2020 Updates

#RajyaSabha has assembled

On agenda:
-#IBC (Second Amendment) Bill, 2020
-#Epidemic Diseases (Amendment) Bill, 2020
-#Banking Regulation (Amendment) Bill, 2020 Image
Important issues raised during Zero Hour:

-Escalation of India's issues to #International media to create pressure & prevent Cross #Border #Terrorism
-Increase in #Reservation to #OBC in #JammuAndKashmir
-Reopen All Indian #Handicraft, #Handloom & Powerloom Boards for Artisans
Other issues:

-Raise in #MNREGA wage
-Appropriate #digital infrastructure to enable access to #Online classes to all
-Relaxation in age limit for Central Govt #Jobs for #EWS students
-Declining representation from all sections of society in #SupremeCourt
Read 55 tweets
#Germany #debts #tax #increase #Coronavirus

Because of the corona crisis and the spending enthusiasm of the grand coalition, the constitutional budget is in danger. Fiscal politicians expect tax increases after the 2021 election.
The federal budget is currently in deficit at € 90 billion. The German Finance Minister Olaf Scholz (SPD) was very relaxed. "We have the finances under control," he announced at the presentation of the latest tax estimate, despite all the billions in revenue shortfalls.
The chief treasurer has to close huge holes in the budget. Almost 30 billion euros are missing from the financial plan until 2024 in order to present a constitutional budget at all. Too much borrowing is against EU and German law.
Read 3 tweets
The #FOMC today began the process of “operationalizing” the average inflation targeting framework that Chair #Powell first laid out in his Jackson Hole, WY, Economic Policy Conference speech: including new guidance on how long #policy rates can be expected to remain near zero.
Specifically, policy #rates will remain at current levels “until #labor market conditions have reached levels consistent with the Committee's assessments of maximum #employment and #inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.”
Still, we’re skeptical about the achievability of this #inflation goal when the #disinflationary influences of technological #innovation and the #demographic trend of #population aging arguably hold a greater impact on the rate of inflation than central bank #policy does.
Read 6 tweets
The #deficit #myth #deficitmyth by @StephanieKelton #MMT modern monetary theory
Myth N. 1: The #state should budget like a #household
#RealityCheck : unlike a household, a #SovereignNation, which owns its national #centralbank, issues the #currency it spends
Myth N. 2: #deficit is evidence of #overspending
#RealityCheck: look to #inflation for evidence of over spending
The purpose of #taxes is not to pay for #government expenditures but to help rebalancing the #wealth distribution #MMT
Read 56 tweets
@MayorAdler does not listen to the science - he creates it.

On 6/22/20, @MayorAdler AGAIN lied to Austin, instilled more fear & CREATED DATA to continue lockdowns. How many jobs did he steal from us?

Read the damning emails provided by @johnnyk20001

@ToddJeffries
.@MayorAdler, @GregCasar and #tax council MUST BE investigated over their handling of coronavirus, their mask and lockdown mandates based on data they created - everything.

We must demand it.

@GovAbbott @TXAG @TXsecofstate @RonnyJackson4TX
And despite having the science and doctor recommendations, @MayorAdler @GregCasarand #atxcouncil spent $1.3 MILLION of our dollars on a field hospital that WAS NEVER USED.
Read 4 tweets
SOME TAXES APPLICABLE TO STARTUPS IN NIGERIA

A key understanding of the tax structure, which operates in Nigeria is quite important to ensure tax compliance.

What are the taxes applicable to startups in Nigeria?

#aThread
COMPANY INCOME TAX

CIT is the tax paid on the profits of companies in Nigeria. CIT is paid by on profit derived, received, accrued or brought into Nigeria. The Finance Act introduced a tiered approach to CIT...
...The tax rate of 0% applies to companies that have an annual turnover of below N25m, 20% applies to companies that have an annual turnover of more than N25m and less than N100m and 30% applies to companies with an annual turnover of N100m and above.
Read 18 tweets
1. News: “I want money going to the people”: President Trump Slams Pelosi, Schumer for Pushing Bailouts for “Poorly Run” Democrat Cities in their Latest Stimulus Plan - Thread 8.8.20 100percentfedup.com/i-want-money-g… #Trump #ExecutiveOrder #Relief #Stimulus
2. News: Video: Joe Biden Calls for Citizenship for “11 Million Undocumented Aliens.. uh..uh..”…They “Enrich” Our Communities… ”Essential to Our Economic Strength”
100percentfedup.com/video-joe-bide… #Biden #Illegals
3. News: CNN’s Jim Acosta Gets Smoked After He Whines About President Trump’s “Rally” aka "Peaceful Protest" at the President’s NJ Country Club 100percentfedup.com/cnns-jim-acost… #Trump #Acosta #PeacefulProtest
Read 54 tweets
@retheauditors @premnsikka 1/ in 2017 in the midst of mega international #moneylaundering scandals sweeping across the Latvian banks #RietumuBanka was outed for its alleged association with notorious French #tax evasion facilitator Nadav Bensoussan baltictimes.com/rietumu_banka_… .. Image
2/ #RietumuBanka reportedly culled 2/3 of its non Latvian corporate customer base, the majority allegedly shells in offshore jurisdictions independent.ie/business/world…. Key #RietumuBanka men “left” + flew right in @TheFCA’s #Emoney/#PaymentInstitution “regulated” cesspit of .. Image
3/3 #MoneyLaundering and #Fraud facilitation .. + we may very well hear about them soon. Image
Read 3 tweets
"...a growing share of “high-end” donations never ends up in organizations that do any kind of altruistic work. Rather, they go to tax-privileged private foundations designed to serve as #tax shelters for the very #wealthy..."
by @hijodelcuervo
mintpressnews.com/study-billiona… #BillGates
#Microsoft has swooped in to hoover up #TikTok after it received “personal assurances” from the president himself that he would back such a move.
by @AlanRMacLeod
mintpressnews.com/microsoft-purc… #Trump #BillGates
"The coalition of companies that form part of the “broad coalition” include tech giants like #Facebook and #Microsoft, transnational behemoths like #Philips, as well as U.S. #pharmaceutical retail chain #CVS #Health."
by @hijodelcuervo
mintpressnews.com/big-tech-giant… #BillGates #corona
Read 4 tweets
#Thread #Tax #1 You need to pay tax: you have no choice. For normal people, there are 3 main different types of tax that you need to keep in mind:
1. Income tax
2. CGT - Capital gains tax
3. Dividends tax.
#2 Income tax is any income that you make. You can deduct certain things from this, like e.g. if you work online like emails and coding, then you can deduct costs such as your laptop, internet etc from your income.
#3 Capital Gains Tax (CGT) - This is paid when you sell an investment that you've kept for a few years.
Read 6 tweets

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