Is cash-in-hand the final permissible tax avoidance method for the middle class?
Many people view cash payments as a harmless way to save on VAT when hiring services like builders, dog walkers, or tutors. However, this practice could lead to significant issues. The government is struggling to collect unpaid taxes, which could end up costing taxpayers about £2.3 billion each year due to the strain small businesses […]
Trump Prevents Hidden Carbon Tax from the UN
Reevaluating U.S. Support for the United Nations Is it time for the United States to reconsider its relationship with the United Nations? Some influential figures are bringing this question into the spotlight this week. This follows an attempt by the UN, perceived as increasingly, um, “woke,” to introduce a global carbon tax stealthily, as if […]
Cities struggling like Chicago need to listen to Ken Griffin’s caution: Without a tax base, there’s no funding.
In a world where rational voices can often be drowned out by noise, Ken Griffin, the CEO of Citadel, stands out. Recently, at the Citadel Securities Future of Global Markets Conference in New York City, he shared insights on why he relocated the company’s headquarters from Chicago to Miami. Rising crime rates and hefty taxes […]
Illinois Allocated More Tax Funds for Migrants’ Health than for Roads, Foster Children, Seniors, and Arts Together
Illinois, led by Democrats, allocated more funding for free healthcare for undocumented immigrants than it did for foster children, seniors, roads, and the arts combined. The 2025 budget is set to surpass $53.1 billion, with more than $1 billion in new taxes expected to be implemented as early as June 2024. Despite this significant tax […]
Trump Administration Disrupts UN’s Global Green New Tax Initiative, Causing a Retreat
UN Carbon Tax Proposal Postponed A proposal for a global carbon tax from the United Nations was put on hold last Friday due to pressure from the Trump administration. This decision came during a meeting of the International Maritime Organization (IMO), a UN agency situated in London, where members discussed the net zero framework. A […]
Trump ends UN-supported initiative for a worldwide climate change tax, labeling it a ‘scam’
The Trump administration intervened to stop a campaign led by a United Nations-backed organization that aimed to convince nations to implement a global carbon tax. This tax was designed to lessen reliance on industries that produce carbon and to support policies addressing “climate change.” “The United States does not support or comply with this Global […]
Global carbon tax on shipping delayed due to opposition from the US
UN Delays Global Carbon Tax Vote on Shipping The United Nations has postponed a vote on a proposal for the world’s first global carbon tax on shipping, pushing the decision back by a year following a campaign led by the U.S. This vote was initially scheduled for this week under the UN’s International Maritime Organization […]
Tax Investigation Set for Next Month, Warns UK Government
The Prime Minister of the UK has informed the International Monetary Fund (IMF) that an increase in taxes for those considered “wealthy” will be included in next month’s national budget. The government believes it needs to find at least an additional £20 billion after dropping plans for welfare reform, mainly due to pushback within the […]
U.N. to Decide on the First Global Tax Targeting Shipping Emissions
The International Maritime Organization (IMO) is gathering in London to vote on new regulations aimed at cutting greenhouse gas emissions by introducing the first global tax on ship emissions. This meeting, which is set to wrap up on Friday, will work on finalizing a “net zero framework” (NZF). This framework would allow commercial vessels to […]
Should every state get rid of income tax? The debate on growth and freedom
During the COVID-19 pandemic, countless Americans chose to relocate, often seeking sunshine, more freedom, and perhaps, lower taxes. Many fled from states like New York to Florida, or California to Texas, highlighting a trend: people are increasingly concerned with minimizing their tax burdens when deciding where to live. When we look at state income taxes, […]