Pascal Saint-Amans, a senior official at the Organization for Economic Cooperation and Development, has less than a year to find a deal.
Pascal Saint-Amans' ability to get previous tax reforms through the OECD, often contrary to what some EU countries had wanted, have won him grudging respect in Washington. | Lisa Maree Williams/Getty Images
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"There's no plan B," said Saint-Amans, while tucking into a Caesar salad earlier this week in Brussels during a break between meetings at the European Commission, the European Parliament and local think tanks.
Many things are taking place:
Out of cash: Midland officials plan to increase taxes 4.5 mills, still face $440K gap for 2020
"It’s not a permanent increase," Sainovich said. "It’s just that they need that money at this point in time."
The borough is in serious financial distress, according to a presentation made by George Dougherty Jr., a Pittsburgh-based contractor hired to complete a financial analysis of the borough. In his analysis, presented last week to borough officials, Dougherty said the borough still needs $440,000 to make it through 2020 and recommended the borough enter Act 47 immediately.
If you earn more than $100,000 and haven't paid your taxes, an IRS officer may soon show up at
Are you a high-income individual who hasn't filed a tax return for 2018 or a previous year? Been ducking your tax bill? If so, you might be getting a knock on your door.
The IRS announced it's going to increase face-to-face visits over the next several weeks to people who earn more than $100,000 and have repeatedly ignored payment-due notices from the agency.
The home drop-ins aren't meant to frighten or intimidate people — just bring them into compliance, said Paul Mamo, head of collection operations for the IRS's small business/self-employed division.
Did Sanders Propose Raising Taxes to 52% on Incomes Over $29,000?
U.S. Sen. Bernie Sanders' health care plan proposes to raise the tax rate to 52% on incomes over $29,000.
In February 2020, a text meme concerning Sen. Bernie Sanders' health care plan and his proposal to raise the minimum wage to $15 an hour was circulated on social media. The meme contained several arithmetic equations that supposedly showed how the pay increase for minimum wage workers would be negated by the hike in taxes needed to pay for Sanders' "Medicare for All" plan:
Other things to check out:
Buffett's Berkshire Hathaway was responsible for 1.5% of the taxes paid by corporate America
"In 2019, Berkshire sent $3.6 billion to the U.S. Treasury to pay its current income tax," Buffett said in his annual letter to shareholders . "The U.S. government collected $243 billion from corporate income tax payments during the same period. From these statistics, you can take pride that your company delivered 11⁄2% of the federal income taxes paid by all of corporate America."
Berkshire Hathaway is massive. The $560 billion company had operating earnings of $24 billion in 2019 . Including all of its operating companies, Berkshire employs nearly 400 thousand people .
Bloomberg - Are you a robot?
Digital Tax Fight Emerges as Global Economic Threat - The New York Times
RIYADH, Saudi Arabia — The world's top economic leaders warned on Saturday that an international tax fight between the United States and Europe poses a new threat to the global economy if a resolution is not reached this year.
After two years of economic fallout from a trade war between the United States and China, finance ministers and other senior officials at the Group of 20 meeting in Riyadh expressed alarm about an impasse over plans by foreign governments to impose new taxes on American technology companies. If a deal proves elusive in the coming months, European countries will begin collecting levies, which would probably set off retaliatory tariffs from the United States.
What can the U.S. learn from other countries regarding soda taxes?
As cities like Washington, D.C. look to enact their own soda tax, countries like Mexico and Denmark should serve as an example of just how bad these policies are. As lawmakers consider enacting soda taxes, it's time for these proposals to fizzle out.
It's been six years since the first soda tax was passed in Berkeley , California, and while the general hope is that people will drink less sugared beverages, often the tax has little effect on health. For instance, after Philadelphia passed its tax, beer became cheaper than soda, causing "a 5% increase in alcohol consumption," not exactly the best scenario for public health or driving.
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