Tag #Tax

Showing 37 to 48 of 64 results

foxnews.com

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Mar 28, 16:11

IRS-ICE Data Sharing Deal Raises Concerns About Undocumented Immigrant Tax Compliance

The IRS and ICE are nearing a deal to share data on illegal immigrants, potentially discouraging tax filings and raising privacy concerns.

IRS-ICE Data Sharing Deal Raises Concerns About Undocumented Immigrant Tax Compliance

The IRS and ICE are nearing a deal to share data on illegal immigrants, potentially discouraging tax filings and raising privacy concerns.

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How might this agreement impact the IRS's relationship with undocumented immigrants and the overall tax compliance?

This data-sharing agreement raises concerns about the IRS's commitment to taxpayer privacy, potentially undermining trust and discouraging tax compliance among undocumented immigrants who are legally required to file.

dutchnews.nl

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Mar 17, 13:15

Crackdown on Sham Self-Employment in Netherlands Impacts Freelancers

The Dutch tax authority is cracking down on sham self-employment, with new contract clauses requiring freelancers to pay fines if their status is challenged; this affects about 13% of the Dutch workforce and has already resulted in freelancers losing jobs for refusing to sign such clauses.

Crackdown on Sham Self-Employment in Netherlands Impacts Freelancers

The Dutch tax authority is cracking down on sham self-employment, with new contract clauses requiring freelancers to pay fines if their status is challenged; this affects about 13% of the Dutch workforce and has already resulted in freelancers losing jobs for refusing to sign such clauses.

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What are the immediate consequences of the Dutch tax authority's crackdown on sham self-employment for freelancers?

In the Netherlands, new contract clauses hold freelancers responsible for fines if their self-employment status is challenged. This follows a tax office crackdown on sham self-employment, focusing on employers who misuse freelancers to avoid taxes. Initially, no fines will be issued to freelancers.

dailymail.co.uk

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Mar 6, 13:14

UK Government Faces £5 Billion Budget Shortfall, Explores Welfare Cuts

Facing a £5 billion budget shortfall, the UK government is exploring welfare cuts, including stricter eligibility for sickness benefits, despite warnings from experts. The Chancellor is also under pressure to increase defense spending due to changing geopolitical circumstances and faces a battle to ...

UK Government Faces £5 Billion Budget Shortfall, Explores Welfare Cuts

Facing a £5 billion budget shortfall, the UK government is exploring welfare cuts, including stricter eligibility for sickness benefits, despite warnings from experts. The Chancellor is also under pressure to increase defense spending due to changing geopolitical circumstances and faces a battle to ...

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How have the economic slowdown and changes in geopolitical circumstances contributed to the UK's current fiscal challenges?

The need for welfare cuts stems from a combination of economic slowdown, increased debt interest costs, and the unexpected removal of US support for Ukraine, necessitating increased defense spending. The Office for Budget Responsibility's (OBR) revised forecast eliminates the previously anticipated £10 billion budget headroom, intensifying the pressure on the Chancellor to find savings or increase taxes. The government's commitment to fiscal rules adds further complexity to this situation.

theglobeandmail.com

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Mar 3, 13:11

Delayed T3 Tax Slips Due to Canadian Government Policy Reversal

Due to a late reversal of the Canadian government's increase to the capital gains inclusion rate, the issuance of T3 tax slips by investment fund firms to unitholders is delayed to ensure accuracy; the CRA extended the deadline for filing 2024 T3 returns to May 1st.

Delayed T3 Tax Slips Due to Canadian Government Policy Reversal

Due to a late reversal of the Canadian government's increase to the capital gains inclusion rate, the issuance of T3 tax slips by investment fund firms to unitholders is delayed to ensure accuracy; the CRA extended the deadline for filing 2024 T3 returns to May 1st.

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What is the immediate impact of the Canadian government's late reversal of capital gains policy on individual taxpayers?

Due to a late reversal in Canadian government policy on capital gains inclusion rates, many investment fund firms are delaying the issuance of T3 tax slips to unitholders. This delay is to ensure the accuracy of reported capital gains, as firms recalculate amounts based on the reverted 50 percent inclusion rate instead of the initially proposed 66.7 percent. The corrected slips will be issued by May 1st, avoiding late-filing penalties.

jpost.com

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Feb 19, 01:08

Israel's New Tax Amnesty: No Anonymity, Fast Track for Crypto

Israel's new voluntary tax disclosure program, launching soon, eliminates the anonymous reporting option used in previous programs but introduces a fast track for reporting cryptocurrency profits up to hundreds of thousands of shekels, aiming to collect NIS 2-3 billion in unreported taxes. This foll...

Israel's New Tax Amnesty: No Anonymity, Fast Track for Crypto

Israel's new voluntary tax disclosure program, launching soon, eliminates the anonymous reporting option used in previous programs but introduces a fast track for reporting cryptocurrency profits up to hundreds of thousands of shekels, aiming to collect NIS 2-3 billion in unreported taxes. This foll...

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What are the key changes in Israel's new voluntary tax disclosure procedure, and what is its projected impact on state revenue?

Israel's new voluntary tax disclosure program, effective soon, omits the anonymous reporting option of past programs but offers a fast track for cryptocurrency profits under a certain threshold. This streamlined process allows for reporting without direct interaction with tax officials, aiming to expedite tax collection and avoid lengthy investigations.

nrc.nl

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Feb 13, 13:11

Dutch Social Housing Corporations Sue Government Over EU Tax Hindering Affordable Housing Construction

Facing a €1.4 billion tax burden from the EU's ATAD-1 regulation, Dutch social housing corporations are challenging the policy in court, arguing it conflicts with the government's mandate to increase affordable housing construction; the measure, intended to prevent multinational tax avoidance, dispr...

Dutch Social Housing Corporations Sue Government Over EU Tax Hindering Affordable Housing Construction

Facing a €1.4 billion tax burden from the EU's ATAD-1 regulation, Dutch social housing corporations are challenging the policy in court, arguing it conflicts with the government's mandate to increase affordable housing construction; the measure, intended to prevent multinational tax avoidance, dispr...

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What are the underlying causes of the conflict between the government's housing policy goals and the unintended consequences of the ATAD-1 tax regulation?

The European Anti Tax Avoidance Directive (ATAD-1), while aiming to prevent multinational tax evasion, disproportionately affects Dutch social housing corporations due to their reliance on loans to finance construction projects. The resulting limitation on interest deductions leads to substantial extra tax burdens, hindering their ability to meet the government's target of doubling social housing construction.

theguardian.com

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Mar 18, 10:15

UK Faces Difficult Choices: Defense Spending vs. Cost of Living Crisis

The UK faces a national security crisis requiring significant defense spending, forcing the Labour government to consider unpopular tax increases despite the cost of living crisis and previous manifesto pledges; the government must effectively communicate the necessity of these measures.

UK Faces Difficult Choices: Defense Spending vs. Cost of Living Crisis

The UK faces a national security crisis requiring significant defense spending, forcing the Labour government to consider unpopular tax increases despite the cost of living crisis and previous manifesto pledges; the government must effectively communicate the necessity of these measures.

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How can the UK government justify substantial tax increases to the public while also managing the ongoing cost of living crisis?

The UK's weakened military and strained economy necessitate difficult choices. Years of austerity have left the armed forces under-resourced, demanding increased defense spending despite high national debt. This requires either substantial spending cuts or tax hikes, both politically challenging options. The government must convincingly connect increased taxation to the changed global security landscape, emphasizing the need for national resilience.

kathimerini.gr

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Mar 9, 22:10

Greece Releases 2025 ENFIA Property Tax Assessments with Significant Discounts

Greece's Independent Authority for Public Revenue (AADE) released 2025 ENFIA property tax assessments for seven million owners, offering payment in 12 installments with discounts up to 50% based on insurance and income; full exemption applies to families with three or more dependents or over 80% dis...

Greece Releases 2025 ENFIA Property Tax Assessments with Significant Discounts

Greece's Independent Authority for Public Revenue (AADE) released 2025 ENFIA property tax assessments for seven million owners, offering payment in 12 installments with discounts up to 50% based on insurance and income; full exemption applies to families with three or more dependents or over 80% dis...

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How do the ENFIA property tax discounts in Greece correlate with insurance coverage and household income levels?

Discounts on the 2025 ENFIA property tax in Greece are tied to both insurance coverage and household income. For example, a 50% reduction applies to households with annual taxable income not exceeding €9,000 plus €1,000 per dependent, owning property less than 150 sq meters with a maximum value of €85,000-€200,000 depending on family structure. Full exemption applies to families with three or more dependents or over 80% disability, subject to income and property size limits.

dailymail.co.uk

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Mar 4, 19:17

£45 Billion Surge in UK ISA Savings as Tax Thresholds Trigger Shift

UK savers deposited £45 billion into cash ISAs in 2024, raising the total to £359 billion due to rising interest rates pushing many above the tax threshold for savings interest; HMRC estimates £10.4 billion in savings interest tax for 2024/25, a 665% increase from 2021/22.

£45 Billion Surge in UK ISA Savings as Tax Thresholds Trigger Shift

UK savers deposited £45 billion into cash ISAs in 2024, raising the total to £359 billion due to rising interest rates pushing many above the tax threshold for savings interest; HMRC estimates £10.4 billion in savings interest tax for 2024/25, a 665% increase from 2021/22.

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What is the primary driver behind the substantial increase in cash ISA savings in the UK in 2024?

In 2024, UK savers deposited £45 billion into tax-advantaged cash Individual Savings Accounts (ISAs), increasing the total to £359 billion. This 14% surge is attributed to rising interest rates pushing many above the tax threshold for savings interest, necessitating tax-efficient saving options like ISAs.

forbes.com

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Feb 23, 01:07

Addressing Incorrect IRS Form 1099s: Prompt Action is Crucial

Taxpayers receiving incorrect IRS Form 1099s showing inflated income should promptly contact the issuer for correction, providing documentation; failure to do so may lead to increased audit risk and potential tax disputes, necessitating careful documentation of all interactions.

Addressing Incorrect IRS Form 1099s: Prompt Action is Crucial

Taxpayers receiving incorrect IRS Form 1099s showing inflated income should promptly contact the issuer for correction, providing documentation; failure to do so may lead to increased audit risk and potential tax disputes, necessitating careful documentation of all interactions.

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What are the long-term implications of an unresolved incorrect Form 1099, and how might future tax filings be affected?

Failure to correct an incorrect Form 1099 can result in increased audit risk and potential tax disputes with the IRS. Taxpayers should document all communication and actions taken to resolve the discrepancy. While legal action against the issuer is an option, it is generally not recommended due to its cost and uncertain outcome.

elpais.com

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Feb 17, 19:09

Fedea Proposes Overhaul of Spain's Autonomous Financing System

Fedea proposes reforming Spain's 2009 autonomous financing system, focusing on greater regional control over the IRPF to enhance fiscal responsibility and transparency, while exploring similar options for VAT and corporate tax, balancing regional autonomy with national financial stability.

Fedea Proposes Overhaul of Spain's Autonomous Financing System

Fedea proposes reforming Spain's 2009 autonomous financing system, focusing on greater regional control over the IRPF to enhance fiscal responsibility and transparency, while exploring similar options for VAT and corporate tax, balancing regional autonomy with national financial stability.

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What are the immediate implications of Catalonia's potential new financing model on Spain's autonomous financing system?

Catalonia's potential new financing model could trigger a complete overhaul of Spain's 2009 autonomous financing system, deemed outdated by academics. Fedea proposes a reform enhancing regional fiscal autonomy without increasing administrative burden, focusing on a clearer distribution of tax responsibilities.

elpais.com

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Feb 11, 13:11

Spain Raises Minimum Wage, but Low-Income Workers Face New Tax Burden

Spain's minimum wage increased by 4.4% to "16,576 euros" annually, but the government chose not to adjust income tax brackets, resulting in approximately 500,000 low-income workers, primarily single individuals without children, paying income tax for the first time, sparking controversy within the g...

Spain Raises Minimum Wage, but Low-Income Workers Face New Tax Burden

Spain's minimum wage increased by 4.4% to "16,576 euros" annually, but the government chose not to adjust income tax brackets, resulting in approximately 500,000 low-income workers, primarily single individuals without children, paying income tax for the first time, sparking controversy within the g...

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How does this policy decision balance fiscal responsibility with the goal of improving the living standards of low-wage earners?

This policy decision reflects a trade-off between raising the minimum wage and maintaining fiscal responsibility. While the government argues that low-income earners have benefited from tax cuts, critics contend that the failure to adjust tax brackets disproportionately affects a specific segment of the population. The government justifies this decision by highlighting the significant increase in the minimum wage since 2018 (61%), arguing that this increase warrants some level of tax contribution, even if it affects a smaller proportion of low-wage earners.

Showing 37 to 48 of 64 results