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Tax on vacation homes in California beach community has unintended consequences

Tax on vacation homes in California beach community has unintended consequences

San Diego’s vacation home tax, intended to benefit the city, seems to be doing the opposite, with around $10 million in annual losses reported. Numerous short-term rental owners are neglecting to pay the transient occupancy tax (TOT), which varies between 8% and 13.75%. This tax pertains to rentals listed on platforms such as Airbnb and […]

Increase Defense Spending or Face Consequences, Hegseth Advises NATO

Increase Defense Spending or Face Consequences, Hegseth Advises NATO

(AFP) – U.S. Defense Secretary Pete Hegseth voiced his criticisms again on Saturday regarding NATO and European allies. He emphasized that nations failing to adequately increase their defense spending “will face clear changes in the way they do business.” Last year, NATO members committed to upping their defense budgets to 5% of GDP, but many […]