Discover and read the best of Twitter Threads about #Taxation

Most recents (20)

*How #SriLanka got ruined*

Lankans voted for #Rajapakshas knowing very well what they did in the past, including corruption, selling out national assets to #China, #dynastic politics and all.

They still voted for them because Rajapakshas promised things they could not refuse.
1. Their #GST, called VAT Tax, on all products was reduced to 8%, thus making everything cheaper in one stroke. (It also killed the govt revenue). People loved things getting cheaper.
2. The minimum #incometax threshold was changed from 5 Lakhs per annum to 30 Lakhs! Very few earned more than 30L!
A very large part of the population became #tax exempt. This was very popular among the salaried class.
Read 22 tweets

Finance Minister @nsitharaman is presenting the Union Budget 2022-23 in Parliament

#AatmanirbharBharatKaBudget #Budget2022

Watch here📺…
Union Finance Minister @nsitharaman rises to present #Budget2022 in Parliament

Watch 📡LIVE📡:

Stay tuned for updates

FM @nsitharaman begins presentation of #Budget2022 by expressing empathy with those who had to bear adverse health and economic affects of #COVID19 #Pandemic

Overall sharp rebound and recovery of the economy is reflective of 🇮🇳India's strong resilience

Read 82 tweets
#G20 #AFP
Voici un tour d'horizon des principaux points du communiqué publié aujourd'hui à l'issue d'une réunion de deux jours à Rome 1/6
Le G20 réaffirme l'objectif de l'accord de Paris, à savoir "maintenir l'augmentation moyenne des températures bien en-dessous de 2 degrés et poursuivre les efforts pour la limiter à 1,5 degré au-dessus des niveaux pré-industriels" 2/6
Les pays du G20 s'engagent à prendre des "mesures pour aider à renforcer la fourniture de vaccins et de produits médicaux de base dans les pays en développement" #AFP 3/6
Read 6 tweets
Chairperson announced in #RajyaSabha today morning that he has admitted notice for discussion on #FarmersProtests
[even though he mentioned that he received notices on other issues also]

But as soon as MPs demanded, '#Pegasus, Pegasus', the House was adjourned till 12pm.
#RajyaSabha resumes at 12pm, only to be adjourned again immediately till 2pm.
Doesn't work for even a minute.

#RajyaSabha resumes
Minister for Parliamentary Affairs announces that Supplementary List of Business is issued, Taxation amendment Bill listed

Derek O'Brien objects, states that 30 Bills passed at 10 minutes per Bill, only 11% of Bill scrutinized by Committees, PM answered 0 Qs
Read 24 tweets
Daily Bookmarks to GAVNet 06/06/2021…
The Birth of the Administrative State: Where It Came From and What It Means for Limited Government…

#AdministrativeState #OrganizationDesign #constitution #government
Read 8 tweets
Daily Bookmarks to GAVNet 03/31/2021…
Statistical Consequences of Fat Tails: Real World Preasymptotics, Epistemology, and Applications…

#MathematicalStatistics #FatTails #ProbabilityTheory
WHO Buries Dismissal Of Lab Leak Theory In Last Pages Of 123-Page Origins Report, Draft Copy Shows…

#wuhan #LabLeak #who #report #accuracy
Read 8 tweets
𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐒𝐭𝐨𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭 & 𝐌𝐮𝐭𝐮𝐚𝐥 𝐅𝐮𝐧𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬

1. 𝘓𝘛𝘊𝘎 (𝘗𝘦𝘳𝘪𝘰𝘥 𝘰𝘧 𝘏𝘰𝘭𝘥𝘪𝘯𝘨 > 1 𝘺𝘦𝘢𝘳) : Equity, Equity MF – 0% for first Rs 1 lac, 10% on exceeding Rs 1 lac, Debt MF: 20% after indexation benefit
2. 𝘚𝘛𝘊𝘎 (𝘗𝘦𝘳𝘪𝘰𝘥 𝘰𝘧 𝘏𝘰𝘭𝘥𝘪𝘯𝘨 < 1 𝘺𝘦𝘢𝘳) subject to Total Income exceeding 2.5 lacs : Equity: 15%, Equity MF: 15%, Debt MF: as per individual tax slab
3. If you have bought and sold the same shares multiple times then use 𝐅𝐈𝐅𝐎 methodology to calculate the holding period and Capital gains

4. Long term capital loss can be setoff only against long term capital gain.
Read 6 tweets
A brief & simple thread on a long & complicated #Taxation Bill💶💷

This sees aspects of NI/IRL #Protocol brought into effect

TL;DR The Irish Sea is now a #customs border.
What this means in practice depends on UK-EU deal + details of y'day's JC agmt
#TaxationBill is infamous:

To push agmt on the #Protocol, UKG threatened to use this Bill to breach it [I'm aware that sounds nonsensical]

What UKG wd hv broken was the need for *joint* UK-EU decisions on how to implement the Protocol.
We're told they have these ready now.

First, one ‘boon’ for NI from the #Protocol & confirmed in this #Bill, UK-EU Deal or No Deal:

EU goods entering NI will be treated as domestic goods & will not be charged import duty.

VAT/excise rules for mvnts btn NI & EU will continue to apply, ‘modified as necessary’.

Read 8 tweets
Daily Bookmarks to GAVNet 09/21/2020…
Entrepreneurial Ecosystem Enabling Organizations rhyme with 21C Complexity | by Simone Cicero | Sep, 2020 | Stories of Platform Design…

#organizations #design #complexity #ecosystem #platform #entrepreneurial
Income inequality: RAND study reveals shocking new numbers…

#income #rand #inequality
Read 8 tweets
How do we make sense of the fact that our present-day system of #offshore #taxhavens expanded significantly during the 1950s&60s, the main decades of decolonization? In this piece, I explore part of the answer to this question: a thread… #twitterstorians
European settlers, businessmen, officials had been invested in #empire in various ways, across different colonies and imperial contexts. Such entanglements only increased in the final years of European rule #twitterstorians #offshore #taxation
At the same time, we know that many investors, where possible depending on circumstances and the nature of their assets, sought to remove themselves and their funds from the decolonizing world when non-white rule appeared increasingly likely #twitterstorians
Read 21 tweets
PM @narendramodi launches the platform for 'Transparent Taxation'

@narendramodi "An honest taxpayer plays an important role in the growth of the country": PM Modi launches platform for 'Transparent Taxation'.

#taxation #TransparentTaxation
@narendramodi "Today, every policy is trying to be pivoted towards a people-friendly and people-centric approach": PM @narendramodi

#taxation #TransparentTaxation Image
Read 10 tweets
So… some personal news.

After almost four and a half happy years running the European Commission’s Directorate-General for #taxation and #customs, I’ll be moving on to new pastures on 1 May.

Before I go, here are some reflections on the past few years. THREAD (a long one!)
Honestly, it’s been a blast. I’ve had the privilege of leading a truly great team of people in @EU_Taxud. Great expertise, highly committed professionals, and a real family atmosphere, too. A million thanks, #teamTAXUD /2
We have worked very hard on getting the #content right - delivering real progress on both #tax and #customs policy. And on delivering great #digital solutions, too. /3
Read 26 tweets
My 116 favorite quotes from Money: Sound and Unsound, by Joseph.T. Salerno (2015)
@jtsale @mises #AustrianEconomics #SoundMoney
1. “The idea of sound #money was present from the very beginning of modern monetary theory in the works of the 16th-century Spanish #Scholastics who argued against debasement of the coinage by the king on ethical and economic grounds”
2. “It was #Fisher and not #Keynes who was the true founder of modern macroeconomics with its aggregative reasoning and its central notion of politically managed fiat money”
Read 118 tweets
Recently, we posted on the regional dispersion in inflation, in housing data, and in rates of economic growth that presents challenges to policymakers seeking to set rate levels appropriate to the #economy overall: “the economy” looks quite different depending on where you stand.
Of course, from a long-term perspective, regional variation in #migration and #job creation help underpin some of these differences, so it’s telling to see how demographic changes influence economic fundamentals: Sunbelt States appear better positioned than Rust Belt States. Image
Fascinatingly, five States (#California, New York, #Texas, Florida and Illinois) contribute roughly 40% to overall U.S. GDP. Image
Read 4 tweets
Welcome to our twitter conversation thread, please retweet to enlighten someone, like & Comment.

Topic: - Effective taxation of the Nigerian informal sector
#Taxation #Nigeria…
1.The Nigerian tax authorities have been making efforts aimed at increasing the level of tax collections and improving government revenue generation from taxation. #Taxation #Nigeria
2.This is spearheaded by the Federal Inland Revenue Service (FIRS) and the other State Internal Revenue Services #Taxation #Nigeria
Read 53 tweets
Arguments that #libraries are beneficial really don't have anything to do with the #consent argument against #taxation, so they are really quite uninteresting, and not at all even an argumentative response to the good professor. That being said, it's important to understand…
#Libraries are terribly underfunded, when they should be a top priority for civic spending. It is not inconsistent to be pro library funding and con taxation, if you argue for a #noncoercive yet still #compulsory financing source, i.e. Just Rent #LVT. Most libraries cannot…
accept donated books, because they simply cannot afford the staff and infrastructure required to preserve and maintain an ever-growing stock of physical texts. #Libraries must therefore concentrate on what items #librarians deem important or popular in their community. …
Read 14 tweets
The #legitimacy of any form of #government is not and cannot be based upon #consent, but upon how well it protects the rights of those who refuse to consent.
When the bullshit is stripped away, #Socialism is #theft, and can never be a moral form of political economy, because it cannot protect the rights of those who refuse to consent to the theft of their earned wealth. Those who do consent are not prevented under any other system…
from engaging in #voluntary #cooperative #ownership of #capital. Therefore, #Socialism is not defined by voluntary participation, but by #coercion, or #theft, a universal #moral harm. #Intent is not #magic. Good intent and good works do not and cannot excuse the theft.
Read 11 tweets

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