A Mention On The Economic Times (IndiaTimes)
It’s always nice to help out a fellow tax professional. That’s why I was particularly honored to be mentioned in this article, thanks to Lubna Kably. Be sure and check it out.
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And In Russia…
Not to be outdone by the Irish, the Russian tax authorities are making noise about a crackdown on taxes paid by the super-rich. However, as opposed to tax breaks, the Russian Federal Tax Service is concentrating on tax evasion as a source of wealth. There’s no question that there is a giant disparity in the…
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All Over The World
It seems that more and more countries are confirming what we know to be true: it’s really, really better to be wealthy. First, the US. Then, the UK. And now? Ireland. RTE is reporting that the top 80 earners in Ireland paid about a rate equivalent to about 15% tax. The 150 top earners paid…
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The Rich Pay Less In The UK, Too?
Apparently, it’s not just the US taxpayers who are complaining that those in lower tax brackets actually pay a higher percentage of tax overall. UK taxpayers are making a similar claim. According to the Sunday Times, the UK’s richest people are paying 4p in the pound less in tax than any other section of the…
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She Had A Yen Not To Pay Tax?
A Japanese housewife who made 400 million yen (which, using today’s conversion rate is $3,452,383.93 US) trading in foreign exchange markets was fined today for evading tax. The woman was estimated to have evaded 139 million yen ($1,200,091.07) US in income taxes. The 60 year old Tokyo woman, Yukiko Ikebe, received a suspended jail sentence…
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This Name Rocks
Naming a baby can be controversial. Trust me. I have three children and everyone seems to have an opinion as to whether each name suits the baby, whether it makes sense, whether it’s too ethnic, whether it’s not ethnic enough… And all three names are perfectly “normal” – whatever that means. Not a Django, Brittnee…
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Ouch, Sucks For Israel
Today is Tax Freedom Day in Israel. Tax Freedom Day marks the day of the year that a country, as a whole, has theoretically earned enough income to meet its tax burden. In the US this year, Tax Freedom Day fell on April 30, two days later than in 2006. India celebrated earliest this year,…
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You Mean The IRS Is Going To Collect Taxes?
What? You think that’s crazy talk? You would if you have been following the debacle that is allowing private debt collectors to pursue the collection of taxes even though it is more expensive and is expected to collect fewer tax dollars. Government at its finest, no? Concerns about privatizing tax collections have included privacy issues,…
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Germany Gets A Break
Many of my husband’s clients are likely breathing a sigh of relief this morning. He represents a number of German corporations who pay tax rates which are much higher than their European cousins – and generally much higher than companies in the United States. In order to compete in an increasingly global market, Germany has…
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More Beer? Why? Nothing Helps.*
My husband and beer snob/critic/drinker believes, like many of his kind that some things are sacred. You don’t mess with a good beer. Unfortunately, this is at odds with the Australian Brewer’s Excise Tax which taxes a brewery based on the alcohol content of its beer. Generally speaking, the higher the alcohol content in a…
