If the sales tax becomes law, Congress may never have to increase the rate above 30 percent. This is because it can rely on the Federal Reserve to increase the sales taxes via inflation. Consequently, this inflation tax will increase the pain inflicted by the sales tax on the American peopl...
the “state”) has a rightful claim to a portion of your earnings. Once that has been accepted, the only question is what percentage between 0% and 100% they are going to claim, and that is almost always a measure of how much they think they can take...
…“Really, what we are seeing is a race by the different taxing jurisdictions to claim a share of the tax prize represented by the largely untaxed streams of income that U.S. multinationals have engineered for themselves,’’ said Ed Kleinbard, a professor at the University of Southern Calif...
while the factors destroying social order and stability are increasing and the destabilizing means are being constantly upgraded. Network fraud, high-tech theft, financial crime, power rent-seeking, and corruption
or earlier if the taxpayer becomes disabled, at which time the taxpayer will most likely be in a lower tax bracket. Distribution may take place before either of these occurrences, but if so, the funds are taxable immediately and the taxpayer may also incur a substantial penalty for early with...
The police becomes a criminal class. People lose all respect for “the law.” 31 And here’s another example of a few hundred years ago: “At first, the Muhammadans came as liberators and brought relief to the inhabitants of an over-taxed and enslaved Roman world,” writes Adams, but...
Lastly, some governments resort to total dishonesty. They simply start printing more currency. As the amount of currency in circulation increases, the currency becomes less valuable. The effect of this is borne by people who are left holding the currency. ...
Thus, the PIA’s host communities’ development trust is a good-bet strategy for supporting sustainable development in Nigeria’s oil and gas sector [1,4,5,7,8]. Given the various PIA’s provisions on CSR, it becomes obvious that the Act seeks to promote the CSR activities of the ...