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Questions tagged [taxes]

Taxation consists of mandatory payments from taxpayers to the state.

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2answers
3k views

Some of the people in my town pay no taxes, what can I do about it? [on hold]

I recently moved to a new town and I found out that some of the residents through favoritism or being connected are paying no property taxes. For example, in one case there is a property worth about $...
4
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3answers
338 views

Why would big countries like the UK tolerate their own tax havens?

I understand that small countries like Monaco or Andorra won't be able to offer a competitive advantage unless they offer some fiscal benefits, which they do for the whole country. However, in the ...
3
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2answers
114 views

The European Commission proposal to end the veto on tax policy

The European Commission has announced its plan to scrap the member state veto on tax policy. This was immediately rejected by Ireland, a country whose economic model is backed by tax-haven status. ...
7
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3answers
385 views

How could a wealth tax (not income tax) be implemented to make evasion difficult?

Recently liberals and conservatives alike have floated returning to the high marginal income tax rates of the mid 20th century, as a method to help reduce inequality in the United States, among other ...
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3answers
320 views

Why is it assumed that higher taxation leads to reduced incentives?

This is probably the argument offered against high taxation that I hear the most: it reduces incentives to work harder, hence ultimately hurts the economy. What is the justification for this? I'm ...
2
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2answers
92 views

Government collects environmental protection charges. Why?

I am reading up on Environmental Impact Assessments (EIAs). I have learned that for every project an EIA is to be done after a careful assessment which includes screening, scoping, impact prediction, ...
1
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3answers
182 views

What is the relationship between government expenditure and the quality of life?

Can we say, in general, what is the relationship between relative government expenditure (or the total taxation) and the average quality of life?
2
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3answers
177 views

Why doesn't the EU collectively establish taxation based on profits gained in a country?

As I understand it, the problem with corporations taxation is there are international agreements countries would not tax products in the country where the enterprise isn't registered. So wouldn't it ...
12
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2answers
254 views

Why doesn’t the U.S. have a bracketed corporate tax?

This might be a question better-suited for Economics StackExchange, but I figured I'd try my luck here first. In the U.S. we have a bracketed tax system for personal income tax, which serves to ...
5
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1answer
209 views

What were the positive and negative effects of the French ISF?

The Impôt de Solidarité sur la Fortune (ISF, or wealth solidarity tax), is easily the most controversial part of French tax policy, and its removal by Emmanuel Macron was probably the most ...
5
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1answer
3k views

What are the reasons presented by the French government to explain why the price of diesel fuel increased so much in France?

Many media channels are covering the "fuel protests". According to BBC, the main reason behind these protests is fuel (especially diesel) prices raising: The price of diesel, the most commonly used ...
18
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1answer
5k views

Why are gambling winnings not taxed in the United Kingdom?

I recently moved to England and was somewhat surprised to learn that gambling winnings are not taxed. A Google search reveals this article from Forbes that explains that such a tax would be at most ...
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1answer
75 views

Why are services by self-employed people and employees taxed differently in the UK?

In the UK workers are taxed differently based on whether the work arrangement looks more like self-employment or employment. Here's an example by HRMC for self-employment: Alan is taken on by a ...
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3answers
663 views

What are the arguments in for and against a flat income tax rate?

Let's say that the national income tax is 5% for everyone with no loopholes (i.e. no tax reduction). In theory the rich would contribute more to total tax revenue. What are the arguments for and ...
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4answers
502 views

How do social security payments compare to investing the same amount of money in treasury bonds?

Social security tax is about 12% of income. The average income in 1950 was about 3k adjusted for inflation. If someone in 1950 worked a full career (30 to 65) and invested at a typical 10y treasury ...
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2answers
259 views

Why can't countries print money to maintain their budgets instead of using taxes?

Theoretically speaking, developed countries like the US could abolish all forms of taxation (short of taxes on imports, where applicable) and simply print as much money as necessary for the government ...
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2answers
148 views

Would federal agencies have enough power to run the country without the government?

Essentially all the federal agencies have control over their spending. The DOT can raise revenue by road tolls, DOE has royalties, Medicare/ss can garnish small amounts of wages that aren't worth ...
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2answers
196 views

When was the last significant repudiation of the Hamiltonian reading of the Tax Clause?

In the US Constitution, the Tax clause, found in Article I, Section 8, Clause 1 is: The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and ...
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3answers
233 views

Does tax amnesty have any benefit except for potentially uncovering undeclared wealth?

Reading the Wikipedia article about the tax amnesty, my understanding is that the main benefit of a tax amnesty is to encourage individuals to declare their wealth: Introduction of Amnesty scheme ...
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0answers
155 views

Are there precedents for the EU fining the UK for undervalued Chinese imports?

With all the Brexit talks, this has become a barely noticed case, but it might be relevant for future border relations between UK and EU: Britain faces a potential €2 billion bill from Brussels ...
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2answers
186 views

The state's answer to the automation of job [duplicate]

Now we've learned the capitalist's answer to automation, what could be a democratic state's answer to it? automation means, same or more work can be done in less time state is faced with more ...
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1answer
58 views

Where can I find a fiscal year to date and year over year chart of federal tax revenues?

I am interested in analyzing the impact of the Tax Cuts and Jobs Act of 2017 on federal revenues so far in FY 2018.
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1answer
92 views

Do any states within the U.S. plan to introduce legislation which would enable a deduction similar to the Qualified Business Income (QBI) deduction?

I understand that the Qualified Business Income deduction, introduced into law by the Tax Cuts and Job Act of 2017, is applicable at the federal level as a 20% deduction of qualified business income ...
6
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3answers
630 views

Any problems with zero corporate income tax?

Larry Kudlow (who is currently Trump's National Economic Council director) had proposed in 2014 zero corporate income tax, arguing that Readers know that corporate tax reform is my single-favorite ...
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2answers
329 views

How can French politicians prevent the US from collecting taxes from expats?

According to 20minutes.fr : « Le problème principal, c’est que la fiscalité américaine est basée sur la nationalité, en contradiction avec les règles de l’OCDE, estime l’eurodéputée française ...
4
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1answer
109 views

Which OECD rule(s) do citizenship-based taxations contradict?

I read on 20minutes.fr (mirror) that some French politicians are trying to pass a law exempting dual US+French citizens living in France from US taxes: « Le problème principal, c’est que la ...
5
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1answer
156 views

By whom and how was Eritrea sanctioned for having a citizenship-based taxation?

I read on 20minutes.fr (mirror) that some French politicians are trying to pass a law exempting dual US+French citizens living in France from US taxes: « Le problème principal, c’est que la ...
1
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2answers
142 views

Why would some jurisdictions allow international visitors to apply for tax refunds?

I was browsing the Wikitravel article on Las Vegas and read this: Like most U.S. states, Nevada has not implemented a tax refund mechanism for international travelers. This got me wondering, and I ...
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0answers
35 views

Tax change estimates in government documents [US]

I am conducting research that involves gathering estimates of the effects of changes to the tax code in the US. In particular, I am interested in using contemporary, publicly available government ...
2
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3answers
183 views

Why is donation related taxation significantly smaller than inheritance taxation?

Note: this is related to this question Inheritance tax seems to vary very much from one state/country to another and where I live is virtually nonexistent (you pay 1% only if inheritance is disputed ...
4
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1answer
143 views

Confused about Emancipation Day and Tax Day

Washington DC celebrates Emancipation Day on the weekday nearest April 16th. Wikipedia says: As the federal government observes the holiday, it causes the federal and all state tax deadlines to be ...
11
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2answers
364 views

Does any country apply corporate tax based on where money is earned, rather than where the corporation is based?

To reduce corporate tax avoidance, Gabriel Zucman has proposed to tax corporate earnings where they are earned, rather than where the corporation is based: Say Google’s parent company Alphabet ...
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16answers
18k views

What ethical (if any) or economical arguments are offered in defense of the inheritance tax?

Although I am normally quite supportive of higher taxation, I've never really felt comfortable with the inheritance tax. I see no reason why the government should tax the money a parent wishes to ...
178
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12answers
35k views

Why doesn’t the IRS just send me a bill for the taxes I owe based on the info they already have?

So it's time to file taxes in the United States and it occurred to me that I am required to provide a lot of information that the government already knows. For instance, I have to provide the contents ...
3
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1answer
149 views

Tax Havens and actions against them

There are so many tax havens across the world. And tax evasion is a serious issue as the working class are forced to pay taxes but the rich escape. International organizations like UN have the power ...
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4answers
422 views

Has any policy countered the regressiveness of property protection?

Protection of private property is one of the main roles of most governments, but the job is inherently regressive since the wealthy have so much more property to protect. Police tend to be more ...
5
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3answers
415 views

Why does taxation of big tech companies seem so problematic?

According to this Fortune article, The European Commission is making steps towards "normalizing" taxation for tech companies: The European Commission wants to see big tech firms pay a 3% tax on ...
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3answers
7k views

Why does the US require non-resident citizens to file taxes even for non-US income?

The US requires US citizens to file a return for federal and state income taxes. Interestingly, per the 2017 IRS guide, page 5, it does not matter whether the US citizen resides in the US, or whether ...
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4answers
2k views

What can a democratic government do that an autocrat cannot? [closed]

I mean to ask are there any actions that an autocrat wouldn't have the ability to do but a democrat(small d) would. For instance prohibition, conscription or a hike in the tax rate. Things that would ...
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10answers
13k views

Why is a big country less suitable for high-tax, high-welfare system?

Back when the US presidential election, I frequently heard the US is not suitable for the high-tax, large-welfare system like in Scandinavia. This is especially common among leftists, mostly Hillary ...
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3answers
3k views

What gives the U.S. president the legal authority to raise tariffs?

In the last few minutes, President Trump has signed a proclamation to introduce tariffs on most imports of steel and aluminium to the United States. Article I, Section 8 of the US Constitution states ...
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1answer
3k views

Who gets the funds raised by tariffs levied at the edges of the European Customs Union?

The European Union Customs Union has a Common External Tariff. A tax on imports. Who is the recipient of the funds raised by this tax? A country outside of the European Union Customs Union may levy ...
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3answers
1k views

Have tariffs/protectionism ever worked?

Has there been a case where an increase in import taxes was linked to an improved economic status in a country? Ie - resulted in net jobs saved, increased GDP etc. It doesn't need to necessarily be ...
3
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6answers
668 views

Why do politicians care so much about economic growth? Or: Why did the US need a tax reform?

In the US, economic growth does not seem so hard to achieve. If you look at the GDP of the United States, it seems to just grow and grow. Even the multiple crises along the way have only had minor ...
3
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2answers
201 views

British tax havens and the EU post Brexit

As far as I understand, the Channel Islands are more or less the personal property of the British Royal House, and are member of EU's common market by proxy of UK's EU membership, as the Channel ...
4
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4answers
420 views

Why can't London increase the Congestion Charge to the point where congestion is reduced to reasonable levels?

According to the Wiki article about the London Congestion Charge: In 2013, ten years after its implementation in 2003, TfL reported that the congestion charging scheme resulted in a 10% reduction ...
38
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5answers
6k views

Why is the German GEZ a fee and not a tax?

In Germany, every household has to pay "Rundfunkbeitrag" (often called GEZ). It is 17,50 Euro per month, which is used to finance public broadcasting. Normally, I would expect public institutions to ...
5
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1answer
152 views

Why would foreign nations sign on to FATCA?

According to the IRS, nearly every country, and hundreds of thousands of financial institutions, have signed on to FATCA. FATCA, in a nutshell, forces governments to give up financial data on people ...
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1answer
4k views

Why do we pay taxes during a government shutdown?

While a government is shutdown there are a lot of services that are not available (including the IRS). Why do we still pay taxes during the government shutdown? Shouldn't we get a refund or a part of ...
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2answers
292 views

Tax Reform - Make people's tax cut permanent first instead of corporations?

I know that if there had been 60 yea votes for Trump's Tax Reform (Byrd Rule), that regular people would have also had their tax cuts made permanent along with corporations. What I want to know, ...