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juliusbeezer : tax   23

UK taxpayers to spend at least £24bn cleaning up after oil companies in the North Sea
Taxpayers are liable for the costs of decommissioning in the North Sea through significant tax reliefs granted to oil companies by HMRC, which allows operators to deduct up to 75 per cent of their spending on decommissioning from their tax. This can include reclaiming corporation tax paid since 2002. The government is also liable for the total cost of decommissioning oil rigs owned by operators that go bankrupt, or lack the funds to decommission them themselves.

The Oil and Gas Authority (OGA) told the NAO that the total cost of decommissioning the North Sea’s oil and gas infrastructure could be up to £77bn. HMRC’s current estimate of the cost to the public through tax relief is £24bn, including £12.9bn in repayments of taxes previously collected.
fossil-fuel  oil  politics  tax  uk  environment 
february 2019 by juliusbeezer
The merits of and case for Land Value Taxation | OUPblog
The UK, especially London, has long experienced the kind of property boom that makes prices unaffordable. A recent Confederation of British Industry survey reported that this unaffordability is of great concern to employers. But these booms also mean that the owners of that land are accruing unearned gains which are not being efficiently or equitably taxed. The cost of building or repairing a house is almost the same whether it is in Knightsbridge or Knowsley – it is the land that makes the difference. The value of land comes from the uses to which it is put. The granting of planning permission, for example, increases the value of land, as does the addition of utilities.

The spiralling cost of land in and around London calls to mind the long history of those who have talked up the need to tax land and the inequity of unearned income not being taxed. Smith stated that “both ground-rents and the ordinary rent of land are a species of revenue in which the owner, in many cases, enjoys without any care or attention of his own.”
tax  politics 
january 2019 by juliusbeezer
Vos 10 propositions pour réduire l’addiction au carburant | L'interconnexion n'est plus assurée
Kérosène et zones commerciales. Mais on remarque aussi la taxation « du kérosène et du fioul maritime », ou encore l’arrêt de « la construction de zones commerciales autour des villes ». C’est significatif. Ces deux débats ont émergé récemment. Jusqu’au milieu des années 2010, la taxation du kérosène et du fioul, carburant des avions et des navires internationaux qui échappent encore aujourd’hui à tout impôt, n’était avancée que par quelques militants écologistes. Cette proposition, que soutient également l’auteur de cette tribune dans Le Monde, est en revanche vigoureusement rejetée par la ministre des transports.

Quant aux extensions et créations de zones commerciales, qui écrasent les villes moyennes et petites (lire ici), elles échappaient jusqu’à présent à tout débat public. Pour un maire, ceci relevait (et relève encore, pour bon nombre d’entre eux) d’un aveugle « développement économique », sans discussion possible.
transport  france  tax 
december 2018 by juliusbeezer
Without a fair tax on tech, it could be the end of the state as we know it | John Harris | Opinion | The Guardian
The upshot is obvious: while big tech is reshaping societies and economies at speed – think of what Amazon is doing to our high streets or, looking ahead, the huge disruption that could be sown by driverless transport – it gives woefully inadequate financial help to the governments whose job it is to manage the fallout. The problem is compounded by the fact that, almost by definition, tech companies do not spread their wealth via employment – and, as consequence, income tax – to anything like the extent that traditional firms once did.
The beginnings of an answer might lie in what economists call a unitary tax. In this model, firms would be obliged to give the tax authorities of any country in which they operate both a set of accounts for their global activities and information about their physical assets, workforce, sales and profits for the territory in question. Tax would then be decided using a formula based on these factors. Some state taxes in the US work on a comparable basis, and the European commission has made supportive noises about the concept.
tax  TaxesAreForLittlePeople 
november 2018 by juliusbeezer
Private hire vehicles might soon have to pay the London congestion charge. What difference would it make? – On London
However, CEPA study also anticipates that, as Mayor Khan acknowledged, PHV operators in the Central London area, who tend to be the larger firms, will respond to the loss of the exemption by distributing the bookings they receive differently among their drivers, resulting in a reduced number of drivers who’ve entered the charging zone picking up more passengers there than before and therefore spending more time than before on the area’s roads. That’s a big reason why CEPA’s calculation of the reduction in PHV traffic levels (6%) in the congestion charge zone, is much smaller than their calculation of the number of PHVs that would enter it (45%).

TfL concedes that the estimated one per cent reduction in traffic levels overall “appears modest”, but still contends that it would represent “an important step in managing and reducing congestion in Central London”, with consequential improvements in air quality too. But Gareth Bacon argued that any “very minor” reduction in congestion would also add to cumulative TfL policies enacted in the Mayor’s name, including hikes in licensing fees, that “are going to have an absolutely devastating impact on the private hire industry,” which has seen the number of firms licensed by TfL – as distinct from the number of drivers – fall in recent years, with smaller operators in particular disappearing
urban  transport  roaddiet  London  driving  finance  tax 
september 2018 by juliusbeezer
In my head the basic argument for UBI goes like this:
Anyone who’s ever filled out a forms to get a welfare payment or a low income tax credit knows what a drag it all is. Then it’s a massive drag for someone to read it all at the other end and administer the payments. It is humiliatingly intrusive one side, boring make-work the other. Enough of it. The idea of welfare (in the UK at least) incorporates the idea that there is a certain decent minimum needed on which to live. Just dob everyone the cash and be done...
That’s a distraction from the main UBI issue though, which is surely also about liberating junior civil servants from the tedium of “evaluating claimants” towards more socially useful work.
tax  finance  dccomment  UBI 
november 2017 by juliusbeezer
How Walmart corrupted ASDA, at the taxpayer's expense | The People's News
What people are often not aware of, is that Walmart is stripping capital out of countries where it was earned and laundering it through a complex web of subsidiary companies in tax havens around the world.

Currently, it is estimated that there is upwards of $76,000,000,000 hidden in these tax havens. This corporate behaviour is seldom seen in retail, but due to Walmart’s global reach, they have been able to exploit the same tax avoiding schemes normally reserved for Banks. This allows Walmart to shift profits offshore through unfathomably convoluted methods.
business  finance  tax 
november 2017 by juliusbeezer
Les périmètres des Zones de Revitalisation Rurale (ZRR) ont été redéfinis — Géoconfluences
La réforme des Zones de Revitalisation Rurale, votée en loi de finances rectificatives pour 2015, entre en vigueur le 1er juillet 2017. Les critères de classement en ZRR ont été simplifiés. Un EPCI, pour être classé, doit cumuler :
- une densité de population inférieure ou égale à la médiane des densités par EPCI
- et un revenu fiscal par unité de consommation médian inférieur ou égal à la médiane des revenus fiscaux médians.

D'autres communes sont classées ZRR pour les raisons dérogatoires suivantes :
ZRR  france  maps  politics  tax  finance  business 
august 2017 by juliusbeezer
The Invisible Visible Man: A Cheshire epiphany, cheap driving - and why Brexit means no respite from clogged roads
there was more traffic in 2016 on Great Britain’s roads than in any previous year and that traffic volumes rose 1.2 per cent on 2015. The rise is all the more impressive for occurring against a backdrop of falls or only slight rises in traffic volumes in London, much the biggest city...
I’m just as struck by the poverty of the debate about how to tackle this crisis as I am by the sheer unpleasantness of the conditions. Whereas the UK a decade ago was engaged in an earnest - albeit ultimately unproductive - debate about how to charge for road use, there is currently no serious debate about what to do. It has become expected at each budget or autumn statement that the Chancellor of the Exchequer will continue the freeze on fuel duty, even though it has contributed to an 18.9 per cent decline in average petrol prices over the last three years.
cycling  driving  uk  London  tax  dccomment 
march 2017 by juliusbeezer
The short life of Pennsylvania's radical tax reform | Washington Examiner
Matt Pacifico, the town's mayor, blamed the land value tax's political failure on two major factors.

The first was that the incentive created by the city's land value tax was limited, because the county and the school district imposed property taxes. The tax break for investment created by the land value tax, accordingly, made up just a small fraction of overall property-related taxes.

Another major problem was that the tax system was so unusual that potential residents and businesses struggled to understand the potential benefits of moving to or investing in the city. When campaigning, Pacifico noticed that many residents didn't realize Altoona had a unique tax system that incentivized building. In some cases, businesses might have been turned off by the relatively high rate of tax on land, not understanding that there was no rate of tax on structures.
tax  urban  environment  LVT 
february 2017 by juliusbeezer
Evasion fiscale : qui sont ces intermédiaires qui aident les plus riches à échapper à l’impôt ? - [Les eurodéputés Europe Écologie au Parlement européen]
Les Verts/ALE au Parlement européen ont utilité les données rendues publiques par le CIJI concernant les Panama Papers (mais également des Offshore et Bahama Leaks) pour enquêter sur le rôle des intermédiaires comme Mossack Fonseca, qui aident les plus riches à échapper à l’impôt en créant et gérant ces entreprises fictives. Malgré les limites des données recueillies, nous avons ainsi pu retracer l’identité et l’origine de certains de ces intermédiaires.

Hong Kong, le Royaume-Uni et les États-Unis sont les trois principaux pays d’origine de ces intermédiaires fiscaux. Si l’Asie est le premier continent d’accueil de ces intermédiaires, l’Europe décroche tristement la deuxième place. En Europe, le Royaume-Uni, la Suisse et le Luxembourg sont sur les marches du podium. 90% de tous les intermédiaires jouant un rôle dans l’évasion fiscale au niveau mondial sont regroupés en Asie, en Europe et en Amérique centrale et du Nord. Relativement peu d’entre eux ont choisi l’Amérique du Sud, l’Afrique et l’Océanie comme pays d’accueil. Le business de l’évasion fiscale ne concerne donc pas simplement le Panama ou les Bahamas ! Tous les pays du monde sont concernés, l’Union européenne y compris.
tax  finance  eu  us  uk 
february 2017 by juliusbeezer
Downing St dressing-down shows Barwell’s out of his depth | Inside Croydon
the majority of his constituents, a growing number of whom are homeless and unable even to get a council home to rent because of the Thatcherite housing policies of the past 35 years.

Barwell has described the homelessness crisis as “a moral shame on us”. But he has yet to show any willingness to address the fundamental issue: the need to build many more homes, and that these homes should be available to be lived in by people who are not fortunate through accidents of birth to be heirs to small fortunes.
politics  uk  finance  tax  jbcomment 
october 2016 by juliusbeezer
The 1% hide their money offshore – then use it to corrupt our democracy | Aditya Chakrabortty | News | The Guardian
the risk is that all this will descend into a morass of semi-titillating detail: a string of revelations about who gave what to whom, and whether he or she then declared it to the Revenue. The story will become about “handling” and “narrative” and individual culpability. That will be entertaining for those who like to point fingers, perplexing for those too busy to engage in the detail – and miss the wider truth revealed by the leak which forced all this into public discussion.

Because at root, the Panama Papers are not about tax. They’re not even about money. What the Panama Papers really depict is the corruption of our democracy.

Following on from LuxLeaks, the Panama Papers confirm that the super-rich have effectively exited the economic system the rest of us have to live in. Thirty years of runaway incomes for those at the top, and the full armoury of expensive financial sophistication, mean they no longer play by the same rules the rest of us have to follow. Tax havens are simply one reflection of that reality.
finance  economics  politics  tax 
april 2016 by juliusbeezer
Two Undeniable Arguments for a Land Value Tax (and Two Weak Ones) |
A land value tax would fix a number of significant market inefficiencies and make the whole economy more productive and robust.

Urbanization has played a big role in mankind’s material prosperity. And the whole point in urbanization is bringing people closer together to allow new types of trade, more specialization, as well as the collision and evolution of ideas. As proximity matters, location matters. Owning location is the right to charge others for participating in an economy – and for local public services.
politics  tax  land  finance  economics 
december 2015 by juliusbeezer
Basic income in another Dutch town: each person receives up to $1,450/m unconditionally
The second city in Holland to join the experiment is Tilburg, a city numbering 200,000 inhabitants found near the border with Belgium. For now, however, only 250 people will participate in the pilot program which will see each person receiving a monthly check ranging from €900 ($1,000) to €1,300 ($1,450). It’s important to note that each participant is currently on welfare, but by being included in this program the previous welfare conditions don’t apply anymore. This means no meetings, no paperwork, no job hunting. Free cash each month, no strings attached.

Why would a government do this? Well, working just to support yourself is definitely not good for you, as a person, nor for society. A bad job is worse for your mental health than unemployment, and an unsatisfied employee is unproductive to a company and society. So, instead of flipping burgers to support yourself on minimal wage, you could stay home or go back to school, learn a new skill – something you can really be good at – then get back to work. Or you can just stay at home, cash in and exploit the system.
work  politics  finance  tax 
august 2015 by juliusbeezer
Who pays for roads? – I Pay Road Tax
Motorists pay for roads, yes? No. All tax payers pay for roads, not just motorists. Those who pay income tax and those who pay council tax are the ones who pay for roads, and that’s not just motorists. And anybody who buys anything in Britain also helps to pay for roads because VAT also contributes to the national coffers. Businesses which pay business rates also contribute into the national coffers. And that’s where the money for roads comes from: the consolidated fund, the treasury’s pot of cash that pays for everything. No taxation in the UK is ring-fenced i.e raised by one set of users, and spent on that set of users. But what about ‘road tax’? Clearly, the name says it all, you might think, it’s a tax that pays for roads! Sorry, no, ‘road tax’ doesn’t actually exist. It was abolished in 1937, along with the ‘road fund licence’. It’s now car tax, a UK tax on tailpipe CO2 emissions above 100gm per km*. It’s not now, and never has been, a fee to use roads.
transport  tax  politics 
march 2015 by juliusbeezer
Tax Research UK » What if the UK’s tax havens ignore Ed Miliband’s threat?
The extraordinary response from the UK’s tax havens to Ed Miliband’s demand that they create public registries of the ownership of the companies that are located in their jurisdictions is to say that the sanction that he has proposed is not tough enough...
we could legislate for these places. It was decided we had the right to do this in the 1970s in the Kilbrandon Report and nothing has changed since. We remain wholly responsible for these territories internationally and they are considered UK territory for international legal purposes. As such we can, of course, legislate for them. We choose not to do so if they act responsibly but have the right to do so if they do ignore reasonable requests or harm our foreign affairs, as their facilitationof tax abuse undoubtedly does.
tax  TaxesAreForLittlePeople  politics  international  uk 
february 2015 by juliusbeezer
Marijuana : le Colorado ne sait plus quoi faire de son argent - Libération
Moins de crime, plus de tourisme, de nouveaux emplois et… trop d’argent. L’Etat du Colorado fait aujourd’hui face à un cas sans précédent : les taxes sur la vente de marijuana rapportent tellement d’argent qu’il pourrait se voir obliger de reverser une partie de cette somme aux habitants.
cannabis  tax  crime  government 
february 2015 by juliusbeezer
Ecotaxe : un fiasco qui coûtera plus de deux milliards d'euros
Combien coûtera à l'Etat – et au contribuable – l'abandon de l'écotaxe poids lourds ? La question se pose alors que la ministre de l'environnement, Ségolène Royal, a confirmé la suspension sine die de ce projet de fiscalité écologique.
transport  energy  tax  france  politics 
october 2014 by juliusbeezer
75% tax on rich rejected – a censure for François Hollande’s policies of pretence | Left Futures
Piketty, although on the Left, is not loved among supporters of Hollande. He was attacked, among other things, for his support for socialist candidate Ségolène Royal in the Presidential race of 2007. But there is another, more important reason: to conduct a deep reform of the tax system implies challenging many privileges and rent-seeking. Clearly, such courage is not currenlty forthcoming.

When you consider the importance given by Hollande, as Presidential candidate, and now the President, to achieve a balanced budget, the urgency of such a reform should be obvious. It would imply closing various tax loopholes [tax exemptions mostly directed at companies] that have developed over the last fifteen years. However, this raises the question of direct cost of the euro for the French economy. These tax breaks, it should be recalled, cost the nation about €70 billion per year, or 3.5% of gross national product (GDP). Of this amount, €50 billion is directly related to business support measures to compensate the loss of competitiveness of the French economy suffered, both inside and outside the euro area, because of the single currency.
france  economics  tax  piketty  business  eu 
october 2014 by juliusbeezer

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