In such cases, the courts have consistently held that the IRB was entitled to change its mind and subject the gains to income tax, provided the RPGT assessment was cancelled. The question of capital gains versus revenue income is, therefore, of utmost importance. With effect from 1...
International Liberty Restraining Government in America and Around the WorldFeeds: Posts Comments Archive for the ‘Income tax’ Category Mississippi Repeals its State Income Tax Posted in Competitiveness, Fiscal Policy, Income tax, Misssissippi, Spending Cap, States, Tax Reform, Taxation, tagged ...
Essentially, taxes are our investment in society and in its rules. This results in an interesting contradiction: we accept restrictions for us as individuals, but still gain freedom from this order. Complex transactional systems in which states flourish and economic activity blooms can only...
One of them is John Roemer’s belief in the importance of equality of opportunity—roughly speaking, that individuals from low-income families should be given special consideration in the evaluation of social welfare because it is so much more difficult for them to achieve any given higher income...
The bottom line, given the importance of “super entrepreneurs” to a nation’s economy, is that wealth taxes would do considerable long-run damage. Andy Kessler, in a column for the Wall Street Journal, explains that wealth taxes directly harm growth by penalizing income that is saved and ...
The enhanced mobility of goods, people and capital has transformed societies but the importance of tax in maintaining those societies is undiminished. The impact of the Covid pandemic has prioritised revenue raising for governments, but longer term changes driven by demographic shifts, climate change ...
Previous research has acknowledged that climate change is likely to expand the wealth gap, and climate policies may further increase inequality. Nevertheless, little research has focused on how climate policies affect inequality. To address this, we empl
In addition, it is of paramount importance to prevent the taxpayer expectations of future interventions from reducing tax compliance in the long run (Luitel & Sobel, 2007); indeed, repeated tax amnesties weaken the psy- chological costs of evasion – increasing a perceived sense of inequity ...
Legislation regarding the credit card industry has largely focused on increasing and clarifying consumerfacing disclosure and stamping out its most predatory practices; however, these laws have been unable to make meaningful progress in advancing financial equity. Continue reading May 10, 2025 in ...
At fault is a body called the Financial Action Task Force (FATF). …The worst offenders are autocratic regimes keen to maintain a pretence of democratic rule… But even democracies are sometimes tempted. In 2022 Canada broadened its anti-money-laundering laws to stop funding for a protest by ...