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#Tax

66 posts52 participants3 posts today

Starbuck;s shows how intellectual property is used to transfer profits to low/no tax jurisdictions.

Starbucks in the UK made a £35m loss in 2024, but paid £40m in royalties to its parent company. You don't have to be an economist to see what is going on here.... royalties within a corporate group are not about 'ownership' of the brand, they are about where the profit is going to be taken.

The division that holds the Starbuck's IP will be in a low tax country!

#tax
theguardian.com/business/2025/

The Guardian · Starbucks’s UK retail business paid no corporation tax last yearBy Sarah Butler

Ofgem is exploring how to make the fixed costs of sustainable energy production proportional to income, because Ofgm think green energy will see a switch from an emphasis on variable costs to fixed costs & this could be regressive in economic terms.

This is all very well, but don't we have system by which costs can be allocated relating to income... its called the tax system - how long before they hit on a tax subsidy to energy generators?

And then (re)nationalisation?

#energy #Tax
h/t FT

So, it's tax day. If, like us, you've put this off to the last minute: good luck. Even if you don't need to file a return, you have to file one to get any refund you're entitled to.

There are ways of filing simple returns for free, with additional options if you made less than $67,000 last year. You may find them useful. irs.gov/file-your-taxes-for-fr

www.irs.govFile your taxes for free | Internal Revenue ServicePrepare and file your federal income tax return online for free. File at an IRS partner site with the IRS Free File Program or use Free File Fillable Forms. It's safe, easy and no cost to you.
#TaxDay#TaxTime#Tax
Continued thread

The push extends across agencies: Last week, the #SSA entered the names & #SocialSecurity numbers of >6,000 mostly Latino immigrants into a database it uses to track dead people, effectively slashing their ability to receive benefits or #work legally in the #UnitedStates. Federal #tax & #immigration enforcement officials recently reached a deal to share confidential tax data for people *suspected* of being in the #US illegally.

#law #privacy #security #Trump #Musk #WhiteSupremacy #Gestapo

Finished taxes. It hurt this year.

And I don’t like subsidizing Trump’s personal interests.

Time for some slow yoga, a little meal, then some bed.

Hope you’re doing well.

justifying 2,000 hours of "market research" on Satisfactory under #IRS audit:

"you don't understand, let me show you what I can do with these hypertubes"

"sir, expenses needs to be BOTH ordinary AND necessary and this is neith—"

"you'll understand in a second"

[ 6 hour demonstration ]

“DWP PIP cuts under fire as Labour MP goes rogue and launches huge petition”

by Steve Topple in The Canary @thecanaryuk @UKLabour

“[Richard] Burgon has initiated a petition titled ‘Tax Wealth – Don’t Cut Disability Support,’ which has already attracted over 40,000 signatures, indicating robust support from the public”

thecanary.co/uk/analysis/2025/

Canary · DWP PIP cuts under fire as Labour MP goes rogue and launches huge petitionRichard Burgon has launched a petition that's already hit over 40,000 signatures, opposing DWP PIP and Universal Credit cuts
#Press#UK#Labour

Why the fexx do Americans think that corporations support corrupt (most of them) politicians in Congress, the Senate and the White House?

There has to be a return on that money. Maybe the US people could reconsider who is really to blame for a poor healthcare system and deteriorating public services? Not I should point out that companies donating to the Tories and Labour want anything different

theguardian.com/us-news/2025/a

The Guardian · ‘Silicon Six’ accused of avoiding almost $278bn in US corporation taxes over 10 yearsBy Sarah Butler