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#taxation — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #taxation, aggregated by home.social.

  1. @MaximeCombes Ah beh si c'était ya 11 jours dans un article de @ladepeche.fr
    > Prix des carburants : "S'il y a une taxation des superprofits, il n'y aura plus jamais de plafonnement chez TotalEnergies", menace le PDG du groupe Patrick Pouyanné
    ladepeche.fr/2026/08/31/prix-d

    #Total #taxation

  2. @MaximeCombes Ah beh si c'était ya 11 jours dans un article de @ladepeche.fr
    > Prix des carburants : "S'il y a une taxation des superprofits, il n'y aura plus jamais de plafonnement chez TotalEnergies", menace le PDG du groupe Patrick Pouyanné
    ladepeche.fr/2026/08/31/prix-d

    #Total #taxation

  3. Germany's low #LifeExpectancy is due to political acceptance of #Tobacco & #Alcohol consumption: Both are cheap and available everywhere. #Germany fails to tackle lifestyle factors that drive deadly diseases: taz-de.translate.goog/Epidemiologe... #healthcare #health #prevention #taxation #regulation

    Viel Geld fürs Gesundheitssyst...

  4. Philippines Supreme Court Upholds Law Granting VAT Refund To Foreign Tourists

    Remember the law granting value-added tax refund (VAT refund) to foreign tourists signed a few years ago? That law was challenged and recently the Supreme Court of the Philippines upheld the constitutionality of Republic Act 12079 (the act creating a VAT refund mechanism for non-resident tourists), according to a news report by GMA News.

    To put things in perspective, posted below is an excerpt from the report of GMA News. Some parts in boldface…

    The Supreme Court (SC) has upheld the constitutionality of a law that grants value-added tax (VAT) refunds on select local purchases by non-resident foreign tourists.

    In a 30-page decision, the SC En Banc dismissed a petition challenging the validity of Republic Act 12079, or an act creating a VAT refund mechanism for non-resident tourists, adding Section 112-A to the National Internal Revenue Code.

    Granting VAT refund to foreign tourists was not arbitrarily done. It is a policy decision based on legitimate state interests, i.e. the need to remain competitive as a global tourist destination,” the SC said.

    “In fine, foreign tourists may be granted privileges and benefits that are not extended to Filipino citizens, so as long as these distinctions are based on reasonable and justifiable classifications, as in here,” it added.

    According to the SC, the VAT refund applies to goods brought from duly accredited stores and taken out of the country within 60 days from purchase. The goods must be priced at least P3,000 per transaction.

    Meanwhile, the SC said Section 5 of the law’s implementing rules and regulations limit the refund to retail and tangible goods, including clothing, apparel, electronics, gadgets, jewelry, accessories, souvenirs, food or non-food consumables, and other items intended for personal use.

    The petitioner, however, argued that the law violates the constitutional guarantee of equal protection as it excludes Filipino citizens.

    For its part, the SC said equal protection does not require identical treatment for all persons.

    It said the act also distinguishes foreign tourists from Filipino citizens.

    According to the SC, the VAT refund system follows the basic rule of VAT that goods are taxed where they are consumed. If the goods are consumed in the Philippines, they remain subject to Philippine VAT.

    Meanwhile, the SC added that VAT refund for foreign tourists is a well-established international practice.

    The Philippines is among the last few countries in Asia to adopt such a system. Our Asian neighbors, Indonesia, Malaysia, Singapore, Thailand, Vietnam, China, and Japan have long implemented this VAT refund mechanism for foreign tourists,” it said.

    Let me end this post by asking you readers: What is your reaction to this recent development? Do you agree with the Supreme Court’s decision on the law about VAT refund for foreign tourists? Apart from the VAT refund for foreign tourists, what problems that plagued the Philippine tourism industry should the government solve this year?

    You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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    #ASEAN #Asia #AssociationOfSoutheastAsianNationsASEAN #BankOfThePhilippineIslandsBPI #Bing #BongbongMarcos #business #businessNews #CarloCarrasco #ChatGPT #corruption #DepartmentOfTourismDOT #economicConfidence #economicDynamism #economicGrowth #Facebook #floodControlScandal #foreignTourists #foreignVisitors #geek #GMANetwork #GMANews #Google #GoogleSearch #governance #holiday #Instagram #internationalVisitors #Investagrams #justice #law #Marcos #news #Philippines #PhilippinesBlog #Pinoy #PresidentMarcos #publicService #RepublicActNumber12079RA12079 #socialMedia #SoutheastAsia #SupremeCourt #tax #taxation #taxes #technology #tourism #tourismBlog #tourist #touristBlog #tourists #travel #travelBlog #Twitter #vacation #valueAddedTaxVAT #VATRefund #Visitors #WordPress #WordPressCom #worldTravel
  5. The latest Council Tax bill just dropped through the letterboxes of countless people across Anglesey today.

    The cost? £2227 for the year. £42 per week. For a rabbit hutch bungalow.

    A fundamentally regressive tax that no party ever wants to make fairer.

    #anglesey #counciltax #councils #taxation #wales #cymru

  6. Gizmodo: As Gambling Apps Grow, Bettors are Slated to Owe More in Taxes This Year. “The change, which was part of the Republican-authored and Donald Trump-supported One Big Beautiful Bill signed into law this summer, will impose a tax cap that limits gambling loss deductions to 90% of winnings, down from 100% in previous years. That will go into effect for 2026 income. So while it won’t […]

    https://rbfirehose.com/2025/12/25/gizmodo-as-gambling-apps-grow-bettors-are-slated-to-owe-more-in-taxes-this-year/
  7. If you’re an MMT‘er, this is one podcast you do not want to miss. I for one am looking forward to the next one.

    If you are a neoclassical or neoliberal economist then watching this pod cast is likely to screw with your brain, so be warned even though I huighly recommend you watch it.

    #RichardMurphy #economics #NeoclassicalEconomics #NeoliberalEconomics #MOdernMoneyTheory #MMT #Taxation #GovernmentExpenditure #Academia #EconomistsAdrift #FalseEconomicAssumptions #ChicagoSchoolOfEconomics #Reaganism #Thatcherism

    Our economic systems are built on false assumptions and we need to change that because there are better ways to greater social good.

    mas.to/@RichardJMurphy/1151784

  8. @tuxom @largess Unfortunately, the top 1% are in charge of everything. Good luck with “progressive #taxation, banning or heavily #taxing carbon-intensive luxuries, and regulating corporations to reduce their #CarbonFootprint's.” We need to implement equality first.

    One way or another we need to overthrough the oppressors first.

  9. CW: Energy revenue & Scotland.

    So Jeremy Hunt is expecting to raise £94billion in energy taxes over the next 6 years, mostly from Scotland... No wonder Scottish independence is a worry.
    #Energy #Taxation #ScottishIndpendence

    youtu.be/GqfbCu51P18