/https://static.texastribune.org/media/files/3482764483e3f8b159061ad73388ef63/TEXAS%20UT%20TT%20Poll)
Texas voters still think that property taxes are too high and that the state spends too little on public education, according to the latest University of Texas/Texas Tribune Poll.
Local property taxes are a key source of funding for public education, and last year's Texas legislative session was focused on those two issues. Lawmakers sought to increase the state's share of public education spending and to increase incentives for local school districts to hold down property tax increases.
Many things are taking place:
Take Coronavirus, Add a Trade War and Raise Taxes
Japan's gross domestic product tanked 6.3% in the final three months of 2019, the Cabinet Office said Monday, almost twice the drop economists anticipated and the worst result in five years. There's a good chance Japan will fall into recession, given how much the virus has already curtailed activity this year.
This fiasco was all so unnecessary. There's never a good time to raise taxes, and Japan's aging population is straining its fiscal base. That said, Prime Minister Shinzo Abe was warned in the months leading up to the Oct. 1 hike that the economy would take a hit. (I wrote a year ago about the folly of going forward.) The increase to 10% from 8% had already been delayed twice.
Exclusive: 'red wall' voters want fairer not more punitive taxes – study | Politics | The Guardian
One of the dozens of new Tory voters surveyed said: "Why should someone who is working hard to stay on the breadline pay more tax than someone who makes all that money from shares."
Robert Palmer, head of Tax Justice UK, said the overwhelming message the researchers got from the ex-red wall seats before the budget was that those who make money from assets and wealth should pay the same as working people.
"They also want to see the closure of tax loopholes and making things fairer. The reform that went down best was making sure different types of income is taxed at the same level. Taxing work at the same level of people earning from shares … people really wanted that.
Japan's Third Sales-Tax Blunder Must Be Its Final Mistake - WSJ
In October, Japan raised its sales tax to 10% from 8%—and spending tanked. Household consumption fell 11.5% on an annualized basis in the October-December quarter, fueling a 6.3% fall in annualized gross domestic product.
And here's another article:
How new laws could turn taxpayers into inadvertent tax cheats
Recent changes in the tax laws eliminating or curtailing some long-time deductions and credits could turn ordinary taxpayers into inadvertent tax cheats if they are not careful.
"Tax law is so complex nowadays, you often don't know what you don't know," New Jersey tax attorney Brad Paladini said in an interview with CNBC's "American Greed."
"In 2011, I can tell you that he did not file a tax return at all," IRS special agent Cheryl Matejicka told "American Greed."
Aussie Tax Office Reminds SMBs To Pay Debt | PYMNTS.com
Small and medium-sized businesses (SMBs) in Australia are being reminded by the country's tax office that owing money to the agency is not OK, Broker News reported Friday (Feb. 14).
The national business funder Scottish Pacific said in a press release Thursday (Feb. 13) that SMBs will soon face new risks for holding off on tax payments and using the Australia Tax Office (ATO) "as a bank."
Wayne Smith, a senior executive at Scottish Pacific, said many business owners don't know about a new law passed last year that empowers the ATO to alert credit reporting agencies about late and unpaid tax debt.
WV MetroNews Questions among Democrats who would be needed for Senate tax plan - WV MetroNews
CHARLESTON, W.Va. — As the state Senate starts consideration of a major tax overhaul this week, the Democrats who would be needed for passage have questions.
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The Republican majority in the Senate has talked for months about opening up the state Constitution to allow property taxes on manufacturers to be cut.
A two-thirds majority in both chambers of the Legislature would be necessary to get an amendment on ballots. Senate Finance Chairman Craig Blair, R-Berkeley, said he’ll try to persuade Democrats to get on board.
Bloomberg - Are you a robot?
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