axe It's time to stop reducing taxes on the wealthy By webfeeds.brookings.edu Published On :: Tue, 21 Apr 2015 00:00:00 -0400 House Republicans recently approved the “Death Tax Repeal Act of 2015.” If we care about our debt obligations, social mobility, or equality of opportunity, we should consider doing just the opposite: raising the tax and applying it to more of the super-wealthy. Currently, the estate tax doesn't touch the first $5.43 million of an individual’s assets and the first $10.86 million of couples’ assets. The tax kicks in after that amount, eventually rising to a top rate of 40 percent. Proponents of repeal make a number of claims to make their case. Let’s examine the most common. The estate tax affects a significant portion of Americans. Only about 5,400 estates will pay any estate tax this year. That’s about 0.2% of all estates – that’s right, just two tenths of one percent. That’s a fortieth of the 1970’s share. Americans worried about the Estate Tax have nothing to fear but fear itself. The estate tax hurts small farms and businesses. In fact, the estate tax touches virtually no small farms or businesses. The Urban-Brookings Tax Policy estimated how many farm and business estates worth under $5 million paid any tax in 2013. Twenty did. Twenty small farms and businesses paid any estate tax in 2013. And those 20 estates faced an average tax rate of 4.9%. Only 660 farm estates—of any size—paid the tax in 2013, and 100 of those farms had assets worth over $20 million. The USDA estimates that 0.6% of all farm estates owed federal estate tax in 2013. This is because families who farm for a living have access to generous deductions: up to $1 million for continuing to farm the land for the next 10 years and up to $500,000 for adopting conservation easements. They can also delay payment and lighten their tax liability by gifting their land to heirs. Small businesses have similarly generous carve-out. Repealing the estate tax doesn't affect the budget, because it’s a small share of federal revenue. In 2014, the estate tax represented 0.6% of federal collections, or roughly $20 billion annually, according to the Joint Committee on Taxation. But part of the reason that’s so low is because Congress has increased the exemption and lowered the rate in recent years; in 2001, the top rate was 55% and the exemption was only $675,000. Still, even today, repealing the tax is costly. The JCT estimates that repeal would cost the government $269 billion over the next decade. The estate tax represents double taxation. Well, maybe. It is true that people pay taxes on their income when earned and then may have to pay again when they pass it on to their heirs. However, because the super-wealthy keep much of their assets as unrealized capital gains (55% for those estates worth over $100 million), the estate tax is the only way, right now, to tax these capital gains. In that sense it can be viewed as a partial corrective within our funhouse of a tax system. Some capital gains, to be sure, are the fruits of hard work and entrepreneurial creativity but a lot are simply the result of gains among those wealthy enough to participate in speculative ventures. One thing is true: repeal would mean a large tax break for the wealthiest 0.2% of the population. The 1,336 families with estates worth more than $20 million would get almost three-fourths of the benefit from the repeal and enjoy an average windfall of $10 million each, according to the Center on Budget and Policy Priorities. The 318 families with estates worth more than $50 million would see an average windfall of $20 million each. These facts are often obscured by our penchant for individual stories. One Washington Post story for example, acknowledges many of the statistics above, but then goes on to give two examples of farmers who had to sell land to meet their tax burden, one of which is several decades old, when the exemption was much lower. Elected officials love these kinds of stories and tell them often. Are they unaware of the generous special provisions for this group? Do they truly believe that very wealthy families are the ones we should be helping? Or are they thinking about who is going to finance their next campaign? The estate tax is one of the most progressive aspects of our tax system. In a time of increasing inequality, it provides a way to counteract the formation of a “permanent ownership class.” If anything, we should consider raising the rate and lowering the exemption to pay down debt and invest in opportunities for the unlucky children at the bottom of the wealth ladder. We could start by closing the stepped-up basis loophole and raising the estate tax to Clinton-era levels. We could do so in a way that protects real farmers and small business owners. Wealthy heirs, meanwhile, will still do very well, much better than the rest of America. A serious estate tax would allow us to come closer to our national ideal, in which no child is born a prince, and every child can become as rich as a king. Note: An earlier version of this post said that the estate tax only applies to assets in excess of the exemption, which is incorrect. The estate tax is levied on the entire estate but is offset by a credit equal to the tax on the first $5.43 million. This version is corrected. Authors Edward RodrigueIsabel V. Sawhill Publication: Real Clear Markets Image Source: © Tami Chappell / Reuters Full Article
axe Democrats and Republicans disagree: Carbon taxes By webfeeds.brookings.edu Published On :: Sun, 24 Jul 2016 23:22:00 -0400 Editor’s note: This week the Democrats gather in Philadelphia to nominate a candidate for president and adopt a party platform. Given that there are no minority reports to the Democratic platform, it is likely that it will be adopted as-is this week. And so we can begin the comparison of the two major party platforms. For those who say there are no differences between the Republican and Democratic parties, just read the platforms side-by-side. In many instances, the differences are—as Donald Trump would say, yuuuge. But in one surprising instance, the two parties actually agree. This piece walks readers through one of the biggest contrasts, while an earlier piece by Elaine Kamarck detailed a striking similarity. When it comes to Republicans and the environment, black is the new green. In addition to denouncing “radical environmentalists” and calling for dismantling the EPA, the platform adopted in Cleveland yesterday calls coal “abundant, clean, affordable, reliable domestic energy resource” and unequivocally opposes “any” carbon tax. Meanwhile, Democrats are moving in the opposite direction. By the time the party’s draft 2016 platform emerged from the final regional committee meeting in Orlando, it contained a robust section on environmental issues in general and climate change in particular. One of the many amendments adopted in Orlando contains the following sentence: “Democrats believe that carbon dioxide, methane, and other greenhouse gases should be priced to reflect their negative externalities, and to accelerate the transition to a clean energy economy and help meet our climate goals.” In plain English, there should be what amounts to a tax (whatever it may be called) on the atmospheric emissions principally responsible for climate change, including but not limited to CO2. As Brookings’ Adele Morris pointed out in a recent paper, this proposal raises a host of design issues, including determining initial price levels, payers, recipients, and uses of revenues raised. It would have to be squared with existing federal tax, climate, and energy policies as well as with climate initiatives at the state level. But these devilish details should not obstruct the broader view: To the best of my knowledge, this is the first time that the platform of a major American political party has advocated taxing greenhouse gas emissions. Many economists, including some with a conservative orientation, will applaud this proposal. Many supporters and producers of fossils fuels will be dismayed. It remains to be seen how the American people will respond. In a survey conducted in 2015 by Resources for the Future in partnership with Stanford University and the New York Times, 67 percent of the respondents endorsed requiring companies “to pay a tax to the government for every ton of greenhouse gases [they] put out,” with the proviso that all the revenue would be devoted to reducing the amount of income taxes that individuals pay. Previous surveys found similar sentiments: public support increases sharply when the greenhouse gas tax is explicitly revenue-neutral and declines sharply if it threatens an overall increase in individual taxes. Once this plank of the Democratic platform becomes widely known, Republicans are likely to attack it as yet another example of Democrats’ propensity to raise taxes. The platform’s silence on the question of revenue-neutrality may add some credibility to this charge. Much will depend on the ability of the Democratic Party and its presidential nominee to clarify its proposal and to link it to goals the public endorses. Authors William A. Galston Full Article
axe Getting carbon border taxes right By webfeeds.brookings.edu Published On :: Wed, 12 Feb 2020 21:41:47 +0000 A time-honored but often problematic practice in basic welfare economics is to separate efficiency considerations from distributional concerns. In an economy with given endowments and a given distribution of them, the argument goes, there exists a set of prices that will guide competitive behavior toward an efficient allocation of resources. If the result is not… Full Article
axe The Neoliberal Podcast: Carbon Taxes ft. Adele Morris, David Hart & Philippe Benoit By webfeeds.brookings.edu Published On :: Wed, 09 Oct 2019 14:42:05 +0000 Full Article
axe Rethinking unemployment insurance taxes and benefits By webfeeds.brookings.edu Published On :: Mon, 18 Nov 2019 16:46:21 +0000 Full Article
axe What are capital gains taxes and how could they be reformed? By webfeeds.brookings.edu Published On :: Fri, 14 Feb 2020 21:28:00 +0000 The Vitals Over the past 40 years, the distributions of income and wealth have grown increasingly unequal. In addition, there has been growing understanding that the United States faces a long-term fiscal shortfall that must be addressed, at least in part, by raising revenues. For these and other reasons, proposals to raise taxes on wealthy… Full Article
axe Super axe uses leverage to make woodcutting a piece of cake (Video) By www.treehugger.com Published On :: Wed, 30 Apr 2014 17:00:24 -0400 This specially designed Finnish axe requires less force to split wood as it acts both as a wedge and as a lever. Full Article Energy
axe Philadelphia taxes soda to raise money for schools and parks By www.treehugger.com Published On :: Fri, 17 Jun 2016 07:00:00 -0400 The mayor has portrayed the controversial soda tax as a great source of revenue with which to do fabulous things for the city, rather than a benefit for public health. Full Article Living
axe Ontario Conservative politicians running from carbon taxes By www.treehugger.com Published On :: Thu, 08 Feb 2018 15:28:43 -0500 Going green is going too far in the Province of Ontario Full Article Business
axe Can soda taxes reduce kids' consumption of sugary drinks? By www.treehugger.com Published On :: Tue, 26 Mar 2019 11:44:00 -0400 U.S. doctors believes it's a serious public health concern that requires drastic action. Full Article Living
axe The couple who coaxed 300 acres of barren farmland back into lush forest By www.treehugger.com Published On :: Wed, 05 Apr 2017 08:24:11 -0400 After 25 years of buying land in India that farmers no longer wanted, the husband and wife now play host to elephants, monkeys and more; see a new video about their work here. Full Article Science
axe Red meat may be taxed in Denmark to fight climate change By www.treehugger.com Published On :: Mon, 02 May 2016 09:33:00 -0400 Climate change has become an ethical issue in the eyes of the Danish Council for Ethics, which suggested last week that the government consider a tax on beef, and eventually all foods depending on climate impact. Full Article Living
axe City's Local Currency Is Accepted for Paying Taxes By www.treehugger.com Published On :: Thu, 16 Feb 2012 11:54:04 -0500 Local currencies are nothing new, but one city is allowing its businesses to pay their taxes with local money. Full Article Business
axe You can expect more tourist taxes this year By www.treehugger.com Published On :: Mon, 06 Jan 2020 07:00:00 -0500 And that's not a bad thing. Full Article Living
axe Parts of Asia that relaxed restrictions without a resurgence in coronavirus cases did these three things By www.cnbc.com Published On :: Fri, 08 May 2020 00:35:18 GMT "This is a tough, tough virus," said disease specialist Dr. Dale Fisher. "All it takes is one infected person and it spreads like wildfire." Full Article
axe Beware: Your coronavirus unemployment benefits will be taxed. How to avoid a huge hit By www.cnbc.com Published On :: Fri, 08 May 2020 14:54:30 GMT More than 22 million Americans who have lost jobs due to the coronavirus pandemic are currently collecting unemployment benefits. Most are unaware this is considered taxable income. Here are three ways to avoid a huge tax bill in 2021. Full Article
axe Leon Cooperman says the coronavirus crisis will change capitalism forever and taxes have to go up By www.cnbc.com Published On :: Thu, 23 Apr 2020 14:55:40 GMT The Omega Family Office chairman and CEO said on CNBC's "Squawk Box" that taxes will need to go up regardless of who wins the upcoming presidential election. Full Article
axe Greece's strict fiscal targets will likely be relaxed in 2021 as well, minister says By www.cnbc.com Published On :: Wed, 06 May 2020 12:27:08 GMT Greece might be spared from having to hit strict fiscal targets related to previous bailouts next year, a government official told CNBC, given the ongoing health and economic crises. Full Article
axe Unemployment benefits taxed as ordinary income—How to avoid the tax hit By www.cnbc.com Published On :: Thu, 07 May 2020 19:28:58 GMT Even though you may have seen a drop in income this year due to Covid-19, you could face a tax bill next year if you're receiving unemployment benefits. CNBC's Sharon Epperson reports on how to avoid the hit. Full Article
axe CodeSOD: Bad Code and Taxes By thedailywtf.com Published On :: Wed, 22 Apr 2020 06:30:00 GMT Here in the US, “tax season” is extended into the summer. No one likes dealing with taxes, obviously, but we agree that the social benefits outweigh the costs. I can’t speak to how folks feel in... Full Article CodeSOD
axe youre so relaxed By www.toothpastefordinner.com Published On :: Fri, 21 Jun 2019 04:00:00 EDT Today on Toothpaste For Dinner: youre so relaxedThe Worst Things For Sale is Drew's blog. It updates every day. Subscribe to the Worst Things For Sale RSS! Full Article comic
axe Forest department's axe is on NMMC for plantation, other violations By www.mid-day.com Published On :: 03 Sep 2018 02:16:44 GMT Forest department is utterly displeased with the way the Navi Mumbai Municipal Corporation (NMMC) is going about implementing its tree belt project. On Friday, a range forest officer carried out a panchnama, a copy of which is with mid-day, listing the violations so far. The panchnama states that the tree plantation done by NMMC contractors is inappropriate — the forest department had warned that plantation should be at least 50 metres away from the buffer zone surrounding the mangroves; and yet, it has been done right next to the boundary. The contractors have also allegedly cut the grown trees improperly and dumped the debris amid the mangroves. Seeing red over greenAn environment activist of Vashi, Rohit Malhotra, said, "NMMC removed 200 trees from the plot opposite Fortis Hospital, while dozens of fully grown and numbered trees inside the Rajiv Gandhi Joggers Park adjoining this plot have been felled, on the ground that were Subabul trees. All this has been done with much impunity... I had lodged a complaint with Prakesh Choudhary, range forest officer of Thane Division, who then deputed range officer Pandurang Gaikwad to survey the site. Mr Gaikwad has prepared the panchnama." Residents had emailed their complaint to Dinesh Kumar Jain, chief secretary of Maharashtra, who has forwarded it to secretary of the forest department for necessary action. A forest officer, confirming all violations, said, "I shouted at the contractors when I saw that some trees that were not on the list had been cut. Also, they removed soil from around others in such a way that the trees have tilted. "However, senior forest officers have refused to sign the panchnama, saying they will settle the matter." "NMMC had taken permission from us to cut the Subabul trees in June 20... But I didn't know they dumped the debris amid mangroves. Also, the plantation in the buffer zone was done without our knowledge. I will visit the spot and decide on further action," said Choudhary. The other sideNMMC Commissioner N Ramaswamy said, "We took all required permissions to cut the trees and for the project. About this particular complaint, I will check and take action accordingly." The violations Planting trees close to mangroves, in violation of buffer zone distance restrictions Hacking full-grown trees inappropriately Dumping the cut parts amid the mangroves Catch up on all the latest Mumbai news, crime news, current affairs, and also a complete guide on Mumbai from food to things to do and events across the city here. Also download the new mid-day Android and iOS apps to get latest updates Full Article
axe P Chidambaram: Govts imposing taxes in times of distress 'cruel' By www.mid-day.com Published On :: 6 May 2020 07:29:33 GMT Governments must borrow to meet their deficits and not impose higher tax burdens when economic activity has ground to a halt amid the coronavirus pandemic, senior Congress leader P Chidambaram said on Wednesday after the Centre and the Delhi government hiked taxes on petroleum products. New or higher taxes are justified only when the economy is booming, the former finance minister said, dubbing the imposition of taxes as "cruel". Tax burdens on the middle class and the poor is actually taxing distress, he said in a series of tweets. "Governments should give money to the people in times of distress, not squeeze and take money from the people," Chidambaram said. "We have been pleading for cash transfers from the government to the bottom half of the people/families. Instead governments are doing a reverse transfer of money from the people to the government! Cruel," he said. New or higher taxes will impoverish families further, Chidambaram asserted. "Governments must borrow to meet their deficits, not impose higher tax burdens when economic activity has ground to a halt," he said. Chidambaram's remarks come after the central government on Tuesday night hiked the excise duty on petrol by a steep Rs 10 per litre and that on diesel by Rs 13 a litre. Retail prices of petrol and diesel will not be impacted by the tax changes as state-owned oil firms will adjust them against the recent fall in oil prices, industry officials said. Petrol prices in the national capital were hiked by Rs 1.67 a litre and diesel by a steep Rs 7.10 per litre after the Delhi government raised local sales tax or value-added tax (VAT) on the two fuels. Petrol in Delhi now costs Rs 71.26 a litre as against Rs 69.59 previously, oil industry sources said. Diesel price has been hiked to Rs 69.39 per litre from Rs 62.29. Struggling with low revenues during lockdown, several states have also hiked taxes on alcohol. Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates. Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever Full Article
axe Tax-News.com: Technology Cutting Tax Compliance Burden: Paying Taxes 2018 By www.tax-news.com Published On :: Tue, 28 Nov 2017 00:00:00 GMT The use of technology by business and government in tax compliance is driving continued simplification and reduction in the burden of tax compliance on businesses, says Paying Taxes 2018, a report by The World Bank Group and PwC. Full Article
axe Tax-News.com: IMF Urges US To Hike Indirect Taxes By www.tax-news.com Published On :: Fri, 6 Jul 2018 00:00:00 GMT The International Monetary Fund has recommended that the United States raise indirect taxes to boost revenues, to offset the cost of recent tax cuts and spending increases. Full Article
axe Tax-News.com: Ontario Withdraws Support For Canadian Carbon Taxes By www.tax-news.com Published On :: Mon, 16 Jul 2018 00:00:00 GMT Ontario's new government has scrapped the province's cap-and-trade carbon pricing regime, effective July 3. Full Article
axe Tax-News.com: Trudeau Makes Election Pledge On Canadian Taxes By www.tax-news.com Published On :: Fri, 27 Sep 2019 00:00:00 GMT The Canadian Liberal Party has announced plans to reduce the income tax burden by raising the Basic Personal Amount. Full Article
axe Tax-News.com: China 'Has Slashed Business Taxes By CNY2.5tn Since 2012' By www.tax-news.com Published On :: Tue, 6 Feb 2018 00:00:00 GMT The Chinese tax administration has reported that businesses have saved CNY2 trillion (USD317.8bn) following the replacement of business tax with value-added tax, beginning in 2012. Full Article
axe Tax-News.com: Belgium Urged To Pursue Lower Taxes On Labor By www.tax-news.com Published On :: Thu, 6 Feb 2020 00:00:00 GMT Belgium should continue to pursue structural reforms to its tax, labor, and pension systems, a new report from the OECD recommends. Full Article
axe Tax-News.com: Germany Relaxes Tax Payment Rules By www.tax-news.com Published On :: Tue, 17 Mar 2020 00:00:00 GMT On March 13, 2020, the German Ministry of Finance announced the relaxation of certain tax payment requirements as part of a package of measures designed to ease the economic impact of the COVID-19 virus. Full Article
axe Tax-News.com: COVID-19: Germany Allowing Businesses To Defer Taxes By www.tax-news.com Published On :: Mon, 30 Mar 2020 00:00:00 GMT The German Ministry of Finance has adopted a circular including various tax relief measures for businesses affected by the coronavirus outbreak. Full Article
axe Tax-News.com: US IRS Extends COVID-19 Relief To Gift Taxes By www.tax-news.com Published On :: Wed, 15 Apr 2020 00:00:00 GMT On March 27, 2020, the United States Treasury Department and the Internal Revenue Service issued a notice which extends COVID-19-related filing and payment relief to federal gift and generation-skipping taxes. Full Article
axe Tax-News.com: IRS Clarifies FTC Rules For French Social Taxes By www.tax-news.com Published On :: Thu, 25 Jul 2019 00:00:00 GMT On July 19, 2019, the United States Internal Revenue Service updated its webpage on foreign tax credits to clarify that it will not challenge foreign tax credit claims involving certain French taxes. Full Article
axe Environmental taxes: Key findings for Switzerland LINK By www.oecd.org Published On :: Mon, 26 Sep 2016 09:30:00 GMT This country note provides an environmental tax and carbon pricing profile for Switzerland. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates. Full Article
axe Environmental taxes: Key findings for South Africa LINK By www.oecd.org Published On :: Mon, 26 Sep 2016 09:30:00 GMT This country note provides an environmental tax and carbon pricing profile for South Africa. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates. Full Article
axe Environmental taxes: Key findings for Slovenia LINK By www.oecd.org Published On :: Mon, 26 Sep 2016 09:30:00 GMT This country note provides an environmental tax and carbon pricing profile for Slovenia. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates. Full Article
axe Environmental taxes: Key findings for the Slovak Republic LINK By www.oecd.org Published On :: Mon, 26 Sep 2016 09:30:00 GMT This country note provides an environmental tax and carbon pricing profile for the Slovak Republic. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates. Full Article
axe Environmental taxes: Key findings for Portugal LINK By www.oecd.org Published On :: Mon, 26 Sep 2016 09:30:00 GMT This country note provides an environmental tax and carbon pricing profile for Portugal. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates. Full Article
axe Environmental taxes: Key findings for Poland LINK By www.oecd.org Published On :: Mon, 26 Sep 2016 09:30:00 GMT This country note provides an environmental tax and carbon pricing profile for Poland. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates. Full Article
axe Environmental taxes: Key findings for Norway LINK By www.oecd.org Published On :: Mon, 26 Sep 2016 09:30:00 GMT This country note provides an environmental tax and carbon pricing profile for Norway. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates. Full Article
axe Environmental taxes: Key findings for Russia LINK By www.oecd.org Published On :: Mon, 26 Sep 2016 09:30:00 GMT This country note provides an environmental tax and carbon pricing profile for Russia. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates. Full Article
axe Environmental taxes: Key findings for the United States LINK By www.oecd.org Published On :: Mon, 26 Sep 2016 09:30:00 GMT This country note provides an environmental tax and carbon pricing profile for the United States. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates. Full Article
axe Environmental taxes: Key findings for New Zealand LINK By www.oecd.org Published On :: Mon, 26 Sep 2016 09:30:00 GMT This country note provides an environmental tax and carbon pricing profile for New Zealands. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates. Full Article
axe Environmental taxes: Key findings for Canada LINK By www.oecd.org Published On :: Mon, 26 Sep 2016 09:30:00 GMT This country note provides an environmental tax and carbon pricing profile for Canada. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates. Full Article
axe Environmental taxes: Key findings for the Netherlands LINK By www.oecd.org Published On :: Mon, 26 Sep 2016 09:30:00 GMT This country note provides an environmental tax and carbon pricing profile for the Netherlands. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates. Full Article
axe Environmental taxes: Key findings for Turkey LINK By www.oecd.org Published On :: Mon, 26 Sep 2016 09:30:00 GMT This country note provides an environmental tax and carbon pricing profile for Turkey. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates. Full Article
axe Tax: Governments concerned that some corporations unfairly claim losses to avoid taxes By www.oecd.org Published On :: Tue, 30 Aug 2011 00:00:00 GMT The economic crisis means global corporate losses have increased significantly. Though most of these claims are justified, some corporations use ‘aggressive tax planning’ to avoid taxes. Governments are working together to detect and deter these undue tax advantages. Full Article
axe OECD Taxation Working Paper No. 13: Taxes and Investment in Skills By www.oecd-ilibrary.org Published On :: Wed, 19 Sep 2012 13:07:00 GMT This paper considers the influence of taxes on the financial incentive to invest in human capital and explores the tax treatment of private investment by individuals and employers in post-compulsory education and lifelong learning in 31 OECD countries, India and South Africa. Full Article
axe OECD takes aim at software technologies used by businesses to evade taxes By www.oecd.org Published On :: Mon, 18 Feb 2013 11:00:00 GMT The OECD has released a study to help all countries understand and address the risks of sales suppression software. It describes some of the most common electronic sales suppression techniques and shows how these methods can be detected by tax auditors. The report also considers the approaches already adopted by countries in combating this risk and highlights a number of best practices. Full Article
axe Energy taxes misaligned with environmental impacts of energy use By www.oecd.org Published On :: Thu, 25 Jun 2015 11:00:00 GMT Governments are under-utilising taxation as a tool to curb the environmental consequences of energy use, foregoing revenue and weakening their attack on the principal source of greenhouse gas emissions responsible for climate change and air pollution, according to new OECD analysis. Full Article
