Category: Taxes

King Charles urged to push for breakup of UK’s ‘network of satellite tax havens’

King Charles urged to push for breakup of UK’s ‘network of satellite tax havens’

I doubt anything will change. Especially post Brexit, the network of UK tax havens is a key British industry. UK will no sooner give up tax havens that Saudi Arabia will give up oil. https://www.theguardian.com/business/2023/apr/30/king-charles-urged-to-push-for-break-up-of-uks-network-of-satellite-tax-havens?CMP=Share_AndroidApp_Other

Gavin Newsom Declares New Wealth Tax Dead On Arrival In California

Gavin Newsom Declares New Wealth Tax Dead On Arrival In California

Governor Gavin Newsom’s office confirmed this week that Newsom opposes Assembly Bill 259, wealth tax legislation introduced in January by Assemblyman Alex Lee (D). Warren and other advocates for a national wealth tax must grapple with the reality that even fellow progressives like Gavin Newsom reject their idea. In defending his wealth tax rejection, Newsom …

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Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank — ProPublica

Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank — ProPublica

When the wealthy use legal means to avoid taxes via massive loopholes, do we blame the wealthy or those in charge who choose to permt the loopholes to continue https://www.propublica.org/article/lord-of-the-roths-how-tech-mogul-peter-thiel-turned-a-retirement-account-for-the-middle-class-into-a-5-billion-dollar-tax-free-piggy-bank