#tax administration

[techminsolutions]

Understanding Dividend Distribution Tax (DDT): How Its Abolition Revolutionizes the Indian Economy: Budget 2024

Introduction The concept of dividends and the Dividend Distribution Tax (DDT) underwent significant changes in India with the abolition of DDT in the 2020-21 Budget. Dividends are payments made by companies to shareholders from their profits. DDT, introduced in the Finance Act of 1997, was a tax levied on these dividends distributed by domestic companies, irrespective of their income tax…

[binimom]

Taxation of crypto investments globally

🌍 News about crypto taxation in South Korea and around the world! Starting in 2022, cryptocurrency exchange operators in South Korea will be subject to a 20% corporate tax and a 2.2% local tax. Users of exchanges will also have to pay 20% income tax and 2.2% local tax if their monthly trading volume exceeds 20 million won. There are also an increasing number of cases of tax evasion in the cryptocurrency market through various trading methods. Globally, the taxation rate of virtual assets varies from country to country. In the United States, Canada, Japan, and Europe, the taxation method of virtual assets is applied slightly differently. Please consider taxes when trading virtual assets and proceed with the transaction! 💰

[republicansaredomesticterrorists]

6 minute YouTube video explaining how Ramaswamy and Musk’s DOGE budget cuts are completely unrealistic. The only way they can save the $2 trillion they proposed is by cutting Social Security, Medicare, and Veterans benefits. They are also planning on cutting the National Institute of Health, and all funding for the arts and sciences among other things. Best of all they are going to further cut taxes for the top 1% while cutting all those services to the bottom 98% of the country.

👆

[justinspoliticalcorner]

Mira Lazine at LGBTQ Nation:

On Thursday, the United States House of Representatives passed a bill that would give authority to the Treasury Department to revoke a 501c non-profit’s tax-exempt status if they’re believed to support terrorism.

House Resolution 9495, also known as the “Stop Terror-Financing and Tax Penalties on American Hostages Act,” was sponsored by Rep. Tenney Claudia (R-NY) and passed through the house in a 219–184 vote. It has gone through multiple different forms since it was initially introduced in response to pro-Palestine organizers in the wake of the October 7, 2023 attack on Israel. According to anthropologist and legal scholar Darryl Li, who spoke to Democracy Now, this bill exists exclusively as a means for the right-wing to crush their political opponents, especially those who advocate for the rights of Palestinians, who were recently found by the International Criminal Court to be victims of war crimes enacted by Israeli Prime Minister Benjamin Netanyahu. “This bill is essentially a civil rights disaster, that … would allow the government to shut down nonprofits on the smear of being terrorist-supporting organizations…. This law requires an accusation with no evidence, but a tie-in. It’s an accusation that nonprofits are supporting a group on one of the existing international terrorism lists… The bill is essentially discriminatory by design,” he said. “Initially, it did have significant bipartisan support, because, of course, anti-Palestinian racism is one of the great bipartisan unifiers in Congress.”

Rep. Jason Smith (R-MO) justified the bill as a plain way to defund terrorism. “We, as members of Congress, have the duty to make sure that taxpayers are not subsidizing terrorism. It’s very, very simple,” he said on the House floor.  Smith didn’t provide evidence that any major U.S. non-profit group has ever supported terrorism. Rep. Rashida Tlaib (D-MI), the only Palestinian-American in Congress, said of the bill, “I don’t care who the president of the United States is. This is a dangerous and unconstitutional bill that would allow unchecked power to target nonprofit organizations as political enemies and shut them down without due process.” The bill doesn’t just pose a danger to advocates for war refugees trapped in Gaza, but also possibly to LGBTQ+ nonprofits as well. As the Trump-Vance campaign spent record numbers on anti-trans ad spending, it is increasingly likely that they could use this bill as a pretense to attack the many nonprofits that advocate for LGBTQ+ individuals. Li details that this could be the case for just about anyone who is a political opponent of the ruling administration.

[...] “Right-wingers and white supremacists in Congress can support this bill, with the assurance that their allies, right-wing extremist groups, are highly, highly unlikely to ever be targeted by this bill, because there isn’t going to — it’s much less likely that they will be smeared with an accusation of being tied to an international terrorist organization that’s already on one of the government lists,” Li said. Groups that could be on the chopping block with this bill include the American Civil Liberties Union, Planned Parenthood, the Human Rights Campaign, as well as nonprofit news outlets like Mother Jones or ProPublica.

HR9495 is an attack on nonprofit organizations, and Donald Trump and his allies can twist the definition of “supporting terrorism” to not only include pro-Palestinian groups, but also pro-abortion access and pro-LGBTQ+ groups (or any group that opposes the MAGA movement).

It’s time to kill this immoral bill in the Senate.

[pudgiehedgie]

Just so you guys know, the net neutrality law is being blocked right now because the fcc wants to reclassify the electronics (that you are required to have for isp services) as class ii consumer products, and the isp corporations are trying to keep them considered class i business products (lowering taxes for isp companies through legal loopholes that currently allow them to pass the tax onto consumers through 'device rentals') but this is rarely mentioned in the few news posts I could find on the topic.

Please I beg you all to get this info out there.

sources I read and could find on the topic

https://tax.kenaninstitute.unc.edu/wp-content/uploads/2020/04/corptaxprice.pdf (pdf. study on how corporations pass taxes onto consumers)

https://www.theverge.com/2024/8/1/24211570/net-neutrality-sixth-circuit-stay-blocked-fcc

https://www.reuters.com/legal/us-court-blocks-biden-administration-net-neutrality-rules-2024-08-01/

https://www.usnews.com/news/top-news/articles/2024-10-31/us-appeals-court-questions-biden-administration-net-neutrality-rules

https://statescoop.com/court-blocks-fcc-net-neutrality-rules-2024/

[shepherds-of-haven]

You should make the "You brilliant bitch" line a running gag. Like whenever a character other than MC does or says something smart, there should be an option to say it.

Imagine saying that to Riel or Blade 😭

Blade: "I'm sending our big players away from base so that they're conveniently 'on missions' during the Inquisitors' inspection"

MC: "You brilliant bitch"

[thashining]

"Listen, I ain’t got no favors for you, Trump" — Rep. Jasmine Crockett (D-TX) says Trump and the GOP majority are going to have to figure out this spending bill chaos themselves.

Tired of this maga bulls*t

[aci25]

Seen in New York City, U.S 🇺🇸

[benjaminallhope-fulltimemind]

Oh my fucking goodness the hypocrisy is genuinely both stupid and laughable, Elon Musk gave billions upon billions of dollars to Trump and people defended him with at whole voting scheme. But now when a liberal does it suddenly it's concerning, okay fuck off Aurocrat Musk! Please like and reblog for more.

[loriache]

Notes on the World Map: Melini

I'm kind of annoyed the complete World Bible doesn't have a version of the World Map with Melini filled in... unless it does and I missed it, but I literally bought it and looked at the relevant pages for this post! Anyway, I think this is the closest we have. I'm looking at this and -- Kahka Brud literally doesn't have a coast anymore. No wonder they're pissed!! Any industry involving the sea, trade, fishing, etc. is basically impossible now - you'd have to get to the coastline on the west side of the continent. That's probably miles!

Speaking of miles... how big is Melini?

This is where I got... really unwell. So first off, let's assume the official Dunmeshi World Map is a Mercator projection. I think the stage cartography in the Dunmeshi universe is at, it's going to be most important that maps are useful for marine navigation. So we can't just drop an approximate scale onto the grid and leave it at that; we have to work out where the equator is.

The way I've done that is via two places that seem like they have a close(ish) real world equivalent - in terms of climate and culture - Utaya and the Island of Wa (Toshiro's home). The Island of Wa is obviously Japan, and I've seen plausible arguments that Utaya is probably a climate/location similar to Nepal.

So, here's the (approximate) location and latitude of those places on a Mercator map of Earth:

If we arbitarily superimpose the two maps, asssuming they're the same size, we can draw a theoretical equator line that puts the two places at the same latitude, though on a different side of the equator. Putting them on the same side as Earth made the equator really low. I feel like that's ... unlikely, so we're going with this.

That puts Melini at a rough latitude of .. ~55? which would, using the same scale as the previous map, make two squares (at that latitude) about 600 miles. Very roughly calculating the size as given on the map based on that, that gives a width of (approximately) 250 miles and a length of 400, coming in at a bit less than 100,000 miles² due to the shape. Probably it's between the sizes of the UK and Aotearoa.

That really helps me visualise what Laios is working with here when I think about post-canon. Though I reckon what I've done here is "Just enough research to really annoy an expert". Sorry if you're that expert. I really don't know much about cartography <3 It's like that xkcd comic:

On distances, as someone who lives in the UK; with a car, you can get almost anywhere in a day if you're prepared to drive until late. But they don't have cars, so getting from one end to the other would take multiple days of travel. It'd take about 7 days to walk the approx "length", 400~ miles (from the top of Scotland to Liverpool) (according to Google Maps) and 2 days cycling, so probably 3-5 days with horses, depending on how you pushed them. That'd vary a bit depending on terrain, of course.

[visenyaism]

calling it The Cersei Lannister Administration is saur funny aksjdksjs Cersei voice “and to all the haters and losers from house tyrell (crowd boos) we are bringing this great country (crowd cheers) we are bringing this great country back to the faith (crowd cheers) we are bringing back rule of law (crowd cheers) and wildfire predator drones (crowd cheers)” then someone forgets to turn off her mic when she leaves the stage and they all hear her calling her voters morons

you open up a feast for crows and this is what’s going on plus or minus a few degrees of mortal terror

[dontmean2bepoliticalbut]

[justinspoliticalcorner]

Emily Singer at Daily Kos:

On Wednesday, Donald Trump nominated former Rep. Billy Long to chair the Internal Revenue Service, a Missouri Republican who tried to abolish the tax-collecting agency while serving in Congress. Long was a cosponsor of the Fair Tax Act, a bill that would abolish income taxes and instead implement a whopping 23% sales tax—a regressive tax that the Tax Policy Center said would lead to a tax increase on the middle class and a massive cut for the wealthiest Americans. The bill Long co-sponsored also sought to repeal the 16th Amendment to the Constitution, which gives Congress the power to create and collect income taxes, and ultimately would abolish the IRS entirely. The bill Long cosponsored tracks with the goals of Project 2025, the right-wing roadmap for Trump’s second term. Like the Fair Tax Act, Project 2025 calls for replacing individual and corporate income taxes with a consumption tax, which the Center for American Progress said would lead to a “$5,900 tax increase for the middle 20% of households and an average $2 million tax cut for the top 0.1%.” Long also was the cosponsor of a bill that would repeal the estate tax, which only kicks in for people who inherit more than $13.6 million—amounting to yet another giveaway to the mega rich.

Since leaving Congress in 2023, Long has been serving as a tax adviser to businesses, and has encouraged them to use a pandemic-era Employee Retention Tax Credit that's cost the government billions more than anticipated due to it being rife with fraud. Trump touted this work as a reason why he chose Long to lead the IRS. “Since leaving Congress, Billy has worked as a Business and Tax advisor, helping Small Businesses navigate the complexities of complying with the IRS Rules and Regulations,” Trump said in a Truth Social post. “I have known Billy since 2011 - He is an extremely hard worker, and respected by all, especially by those who know him in Congress. Taxpayers and the wonderful employees of the IRS will love having Billy at the helm. He is the consummate ‘people person,’ well respected on both sides of the aisle.” Democratic senators are already concerned about Long’s work helping businesses scam the government.

Former Missouri Congressman Billy Long has been picked by Donald Trump to lead the IRS with the intent to abolish the agency, a longtime calling card for the right.

[half-life-crisis]

#ITOLDYou! #Podcast S2 E4! How #Trump’s #tariffs #wreck & #isolate #America? It is a lot #more than just #expensive #taxes; it is also about #geopolitical #fallout.

#WATCH here https://youtu.be/Sp5_Pxlp4iQ

#learn more https://halflifecrisis.com/hlc-articles/trumps-tariffs-wreck-and-isolate-the-usa…

The #trumptrain is #crashing very #soon

[busterballsblog]

Josh Hawley Slams Senators Over Stock Trading

[thashining]

"I never owed on taxes till trumps tax plan. I've owed every year since"

"Are we Great yet?"