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#taxavoidance

0 posts0 participants0 posts today
Continued thread
Public
☮ ♥ ♬ 🧑‍💻

Day 31 cont 💰 😳😱 🎩👨‍⚖️🧑‍⚖️🏛️

“Family trust blitz threatens ‘financial ruin’ as #ATO goes back decades:

#Wealthy families are being hit with huge bills for #unpaid #taxes and #penalties as the Australian Taxation Office uses sweeping #powers to #investigate taxes on family trust distributions dating back more than 30 years. …

The crackdown is associated with what are known as #FamilyTrust elections and the payment of family trust distributions tax dating back to 1998, when the tax was first introduced to combat #TaxAvoidance schemes.”

I cannot believe 🥔🤓 hasn’t mentioned and weaponised this ATO action. A tax policy might have uncovered this?

#AusPol / #taxation / #elections <archive.md/c6l94> / <afr.com/policy/tax-and-super/f>

Public
Wen

Labour move closer to a surveillance state

Provided that is you are poor. The effort spent on recovering large scale fraud, tax evasion and loophole for tax avoidance and slurping tax payers money overseas by the rich and the multinationals is ignored.

theguardian.com/commentisfree/

The Guardian · Should benefit claimants risk having their bank accounts spied upon and driving licences revoked? I don’t think soBy Neil Duncan-Jordan
#UkPolitics#SurveillanceState#Labour
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Patrick Sudlow

'Tax Day Report Exposes Six US Corporate Giants Responsible for Dodging $278 Billion
"Our analysis would indicate that tax avoidance continues to be hard-wired into corporate structures," said the CEO of the Fair Tax Foundation.'
This is just in the USA, what about the UK and EU?
commondreams.org/news/top-corp
#taxavoidance #Amazon #Meta, #Alphabet, #Netflix, #Apple, and #Microsoft

Common Dreams · Tax Day Report Exposes Six US Corporate Giants Responsible for Dodging $278 Billion | Common Dreams"Our analysis would indicate that tax avoidance continues to be hard-wired into corporate structures," said the CEO of the Fair Tax Foundation.
Public
MusiqueNow :pride: ✡️ 🇵🇸 :anarchismhebrew:

youtube.com/watch?v=9Ldgx5fexj

#DaveNeal #TheRushHour afternoon

2.30 min mark: #TaxAvoidance by the rich, incl #Amazon, #ExxonMobil, etc paying none to 6% in taxes #TaxTheRich #LateStageCapitalism

6.05min mark: #SuperRichBullies and the #ShamSubpoena 🎬
#WithoutACrystalBall #law #USLaw

16min. mark #BillBurr vs. moaning #MAGAmorons because Burr talks about #wealthinequalty, #history of #TheGildedAge, and #ClassWar

20.46 min. mark: Edited #NYT article about #AbregoGarcía
22.06min mark Kaitlin Collins grills ShrekHoman, who can't answer why can't Homan & co. prove their case in court. #NoEvidence. #BringKilmarAbregoGarcíaBackNOW
25 min. mark: #RumeysaOzturk denied bond, with some bullshit about her being a flight risk 🤪 , although they want her out of the country.

27.56 min. mark #ElizabethWarren has to explain to CNBC that CAN take away #tariffs. Congress can vote these things down. Trump does not have the ultimate authority.

29.43min mark: #AOC #FightOligarchy #PeoplePower #ClassWar. 🙂 Listen to this!

YouTubeJustin Baldoni's Lawyer RESPONDS To MASSIVE Sham Subpoena While Lively Calls It 'Faux Outrage'By Dave Neal
#BillionairesSUCK#CentristDemocratsSUCK
Public
Miro Collas

‘Silicon Six’ accused of avoiding almost $278bn in US corporation taxes over 10 years | US taxation | The Guardian
theguardian.com/us-news/2025/a

'The report comes as the US tech companies’ influence has been highlighted by the presence of their bosses including Amazon’s Jeff Bezos, Apple’s Tim Cook and Meta’s Mark Zuckerberg at Donald Trump’s second inauguration.'

The Guardian · ‘Silicon Six’ accused of avoiding almost $278bn in US corporation taxes over 10 yearsBy Sarah Butler
#Capitalism#TaxAvoidance
Replied in thread
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AMonkeyInSilk 🇺🇦🇵🇸

@maudenificent

While companies should pay a fair price to use Australian resources such as minerals, household and individual purchasing power, workforce, education and intellectual property it is wrong to think that company taxes fund Australian government expenditure.

The federal government funds Australia through its creation of fiat currency. The federal government invests less or more through budget deficits and surpluses.

#auspol #mmt #Taxation #taxavoidance #companytax

michaelwest.com.au/corporate-t

Michael West · Corporate tax avoidance. Who helps fund Australia, and who doesn't? - Michael WestWith the election looming, the promises of the major parties can only be kept if enough tax is collected to pay for them.
Public
AMonkeyInSilk 🇺🇦🇵🇸

While companies should pay a fair price to use Australian resources such as minerals, household purchasing power, workforce and intellectual property it is wrong to think that they fund Australia.

The federal government funds Australia through its creation of fiat currency. The federal government invests less or more through budget deficits and surpluses.

#auspol #mmt #Taxation #taxavoidance #companytax

michaelwest.com.au/corporate-t

Michael West · Corporate tax avoidance. Who helps fund Australia, and who doesn't? - Michael WestWith the election looming, the promises of the major parties can only be kept if enough tax is collected to pay for them.
Continued thread
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Police State UK

"Whistleblowers who inform #HMRC about tax-dodging will get a cut of any money collected as a result, the government confirmed, as Rachel Reeves announced plans to raise an extra £1bn a year by closing the “tax gap”. Reeves vowed to collect £6.5bn a year by cracking down on #TaxAvoidance, which is legal, and #TaxEvasion, which isn’t."

#UKPol #Labour

theguardian.com/business/2025/

The Guardian · Tax avoidance whistleblowers will earn share of HMRC proceeds, says ReevesBy Rob Davies
Public
Police State UK

"#Labour hopes to boost the public coffers by billions of pounds with its crackdown on #TaxAvoidance and #TaxEvasion. But prosecutions of the enablers of tax evasion have plummeted by at least 75% in the past five years, with fewer than five criminal cases in 2023-2024."

#UKPol #Tax

theguardian.com/business/2025/

The Guardian · Prosecution of people who help clients evade tax in UK falls by 75% in five yearsBy Edward Siddons
Public
b҉

“These guys have, both at the corporate level and at the individual level, been even better at avoiding taxes than in making good products,” Stiglitz said. “The level of taxes they pay as a share of their profits should be an embarrassment to them.” The 24 superbillionares declined to comment or didn’t respond to requests for comment.

wsj.com/real-estate/meet-super

#classwar#classwarfare#oligarchy
Public
Police State UK

"Keir Starmer’s Government is facing criticism over its opposition to a United Nations tax reform plan aimed at tackling global tax avoidance, as formal negotiations resumed on Monday in New York. The convention, spearheaded by 54 African nations, has garnered support from 125 UN member states but faces resistance from nine countries, including the UK, US, and Japan."

#UKPolitics #Labour #UN #TaxAvoidance

bylinetimes.com/2025/02/04/kei

Byline Times · Keir Starmer's Government Votes to Block UN Plan to Tackle Global Tax AvoidanceThe UK has joined with the United States and a handful of other rich nations in rejecting the UN push
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