Countries have followed France's example in applying pressures on highly digitalised multinational enterprises (MNEs) by introducing their own DSTs.
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The DSTs target overseas businesses that provide digital services to domestic consumers but where their profits are only taxed in their parent jurisdiction. Countries have adopted these measures because they say such companies should pay local taxes on transactions within the market jurisdiction.
Many things are taking place:
What if a Vaping Tax Encouraged Cigarette Smoking? - The New York Times
The surging popularity of vaping among young Americans is driving lawmakers to use one of their favorite tools to discourage unwanted behavior: taxes.
Taxes have proved effective in reducing cigarette smoking . But what if a vaping tax actually encouraged smoking instead of reducing it?
A new study suggests that these new taxes have the potential to do just that — by discouraging adult smokers from considering nicotine vaping, a safer way to ingest nicotine, or encouraging vapers to switch to cigarettes instead. The study , published by the National Bureau of Economic Research, examined what happened in Minnesota, one of the first states to impose a steep vaping tax (95 percent).
Bill Gates's big takeaway from 2019: raise his taxes - Vox
In an end-of-year retrospective , Gates — who ended the year with a net worth of $110 billion — sounds like he's taken the critiques of the billionaire class to heart. His conclusion? We should absolutely have higher taxes on the rich. It's not a new position for him (he has stated his support for higher taxes in the past), but noteworthy as the topic of a year-end wrap-up.
"The wealth gap is growing. The distance between top and bottom incomes in the United States is much greater than it was 50 years ago," Gates writes. "A few people end up with a great deal — I've been disproportionately rewarded for the work I've done — while many others who work just as hard struggle to get by."
New tax laws in effect in Virginia as of January 1, 2020
CHARLOTTESVILLE, V.A. (WVIR) - While Virginians are ringing in the new year, new tax laws are going into effect in the Commonwealth. As of January 1st, 2020, a number of new laws will change the way people in Virginia shop and do their taxes.
One law is a sales tax decrease on certain goods deemed essential hygiene products. The laws bring the sales tax on those products down to the rate previously reserved for food and other necessities.
Many things are taking place:
Taxes: Here's why you should fill out the new W-4 form - CNNPolitics
Ambulance service needing funds in Carter Co. could raise property taxes
CARTER CO., Okla. (KXII) - It's early voting week in Oklahoma and voters in Carter County are deciding whether to raise property taxes.
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"This tax will bring on board the school districts on the east side that would include: Plainview, Lone Grove, Ardmore, Springer and Dickson. It will bring them on board to pay the tax that's already being paid on the west side," said Carter Co. Commissioner Jerry Alvord.
Letter: Property taxes make Bay Area less affordable – The Mercury News
The average home in San Jose sells for over $1 million, so 1% base tax is $10,000 per year. With add-ons (14 for me) totaling $2,000+, the monthly tax burden for new homeowners can be over $1,000.
Landlords raise rents to pay the tax, forcing personal evictions and closure of small businesses. The average homeowner in the United States pays $3,498 (2018) tax for 2,600 square feet (2018), so tax is $1.35 per square foot.
The price of a home has little to do with public service requirements. A more reasonable metric would be tax per square foot, which is far more stable than using home prices to levy taxes.
Langfelder's proposed budget holds the line on taxes, funds homelessness initiatives - News
Despite increasing pension obligations and sluggish growth in major revenue streams, Mayor Jim Langfelder said he will propose a “proactive” city budget that holds the line on taxes while making investments in homelessness initiatives and technology for public safety.
The $130.1 million corporate budget — which does not include the cost to run City Water, Light and Power — is about $5 million more than last year’s ask. Much of the increase comes from employee salaries and benefits along with the continued climb in required contributions to the city's police and fire pensions.
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