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#taxes — Public Fediverse posts

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

  1. RE: flipboard.com/@dailyhive/daily

    🇨🇦 I read the headline and bristled expecting to read another article... "omg Canada's taxes are oppressive!"
    However, instead I got a reminder-lesson
    "Don't rise to the clickbait , don't jump to conclusions, instead read the article".
    Conservatives need to read this one.

    #Canada #Taxes #Economy

  2. RE: flipboard.com/@dailyhive/daily

    🇨🇦 I read the headline and bristled expecting to read another article... "omg Canada's taxes are oppressive!"
    However, instead I got a reminder-lesson
    "Don't rise to the clickbait , don't jump to conclusions, instead read the article".
    Conservatives need to read this one.

    #Canada #Taxes #Economy

  3. RE: flipboard.com/@dailyhive/daily

    🇨🇦 I read the headline and bristled expecting to read another article... "omg Canada's taxes are oppressive!"
    However, instead I got a reminder-lesson
    "Don't rise to the clickbait , don't jump to conclusions, instead read the article".
    Conservatives need to read this one.

    #Canada #Taxes #Economy

  4. RE: flipboard.com/@dailyhive/daily

    🇨🇦 I read the headline and bristled expecting to read another article... "omg Canada's taxes are oppressive!"
    However, instead I got a reminder-lesson
    "Don't rise to the clickbait , don't jump to conclusions, instead read the article".
    Conservatives need to read this one.

    #Canada #Taxes #Economy

  5. RE: flipboard.com/@dailyhive/daily

    🇨🇦 I read the headline and bristled expecting to read another article... "omg Canada's taxes are oppressive!"
    However, instead I got a reminder-lesson
    "Don't rise to the clickbait , don't jump to conclusions, instead read the article".
    Conservatives need to read this one.

    #Canada #Taxes #Economy

  6. The scam with #crypto is same #scam that has been being played ever since and that is don't pay #taxes. Just be rich and don't pay anything and fuck everybody. If you can skip #banks, they don't know what you have, and that is why it's my freedom. #Web3. But there's a critical difference. #Decouple

  7. @ZackPolanski You won't succeed in pushing #Burnham to the #Left! Labour's whole #strategy is predicated on appeasing the #Right, & their #neoliberal, neo-classical #economic #assumptions won't let them move to the Left. They can't increase #taxes, nor can they increase #public #sector #borrowing. With the #commitment on #defence #spending, expect more #social spending #cuts.

  8. @ZackPolanski You won't succeed in pushing #Burnham to the #Left! Labour's whole #strategy is predicated on appeasing the #Right, & their #neoliberal, neo-classical #economic #assumptions won't let them move to the Left. They can't increase #taxes, nor can they increase #public #sector #borrowing. With the #commitment on #defence #spending, expect more #social spending #cuts.

  9. @ZackPolanski You won't succeed in pushing #Burnham to the #Left! Labour's whole #strategy is predicated on appeasing the #Right, & their #neoliberal, neo-classical #economic #assumptions won't let them move to the Left. They can't increase #taxes, nor can they increase #public #sector #borrowing. With the #commitment on #defence #spending, expect more #social spending #cuts.

  10. @ZackPolanski You won't succeed in pushing #Burnham to the #Left! Labour's whole #strategy is predicated on appeasing the #Right, & their #neoliberal, neo-classical #economic #assumptions won't let them move to the Left. They can't increase #taxes, nor can they increase #public #sector #borrowing. With the #commitment on #defence #spending, expect more #social spending #cuts.

  11. @ZackPolanski You won't succeed in pushing #Burnham to the #Left! Labour's whole #strategy is predicated on appeasing the #Right, & their #neoliberal, neo-classical #economic #assumptions won't let them move to the Left. They can't increase #taxes, nor can they increase #public #sector #borrowing. With the #commitment on #defence #spending, expect more #social spending #cuts.

  12. Japan's government is considering moving up distributing part of payments under a planned income-linked benefit program from September to April 2029, sources said. japantimes.co.jp/news/2026/09/ #japan #taxes #consumptiontax #japaneseeconomy

  13. The health ministry plans not to impose consumption tax on additional out-of-pocket costs for prescription drugs with ingredients and effects similar to those of over-the-counter medicines, sources said Monday. japantimes.co.jp/news/2026/08/ #japan #consumptiontax #taxes #medicine #pharmaceuticals #health #mhlw #drugs #drugstores

  14. A plan by Prime Minister Sanae Takaichi's administration to reduce the consumption tax on food for two years has generated concern over how it might affect the government's finances, opinion polls show. japantimes.co.jp/news/2026/08/ #japan #politics #surveys #sanaetakaichi #cabinet #consumptiontax #taxes

  15. Voitures électriques : pas de taxe au kilomètre, mais une vignette pour tous ?
    mac4ever.com/197591
    #Mac4Ever #Taxes #VE

  16. LDP members are concerned that Prime Minister Sanae Takaichi's plan to cut the consumption tax rate on food could negatively affect the ruling party's performance in the 2028 House of Councilors election. japantimes.co.jp/news/2026/08/ #japan #politics #sanaetakaichi #ldp #consumptiontax #taxes #2028upperhouseelection

  17. Since its introduction in 1989, Japan's consumption tax has been raised three times and now accounts for about 30% of total national tax revenue, making it the nation's largest core tax category. japantimes.co.jp/news/2026/08/ #japan #politics #consumptiontax #taxes #sanaetakaichi #ldp

  18. Prime Minister Sanae Takaichi is finalizing a plan to lower the consumption tax rate on food products from the current 8% to 1% for a two-year period from April, and could make a formal decision as early as Thursday. japantimes.co.jp/news/2026/07/ #japan #politics #sanaetakaichi #ldp #consumptiontax #taxes #food #itsunorionodera

  19. After closing out the 158-day parliamentary session with all Cabinet-sponsored bills enacted, Prime Minister Sanae Takaichi now faces the test of whether she can turn political stability into results voters can feel. japantimes.co.jp/news/2026/07/ #japan #politics #consumptiontax #sanaetakaichi #ldp #inflation #japaneseeconomy #taxes #food

  20. Japan's ruling and opposition parties reached an interim agreement to introduce a new income-linked benefit program in fiscal 2029, while staying divided over a proposed cut to the consumption tax on food. japantimes.co.jp/news/2026/07/ #japan #politics #consumptiontax #sanaetakaichi #ldp #inflation #japaneseeconomy #taxes #food

  21. 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
  22. Is it time Australia increased its GST rate?

    We have the lowest Consumption Goods Tax rate in the developed world at 10%, plus we only tax a narrow range of goods.

    Most countries apply the taxes at between 15 and 27%, across a much broader range of goods. The OECD average is 19.3%.

    Our budget income from personal income tax, by far the biggest contributor at around 50%, really can't be pushed higher and will only drop as the workforce ages out without being replaced in equal numbers due to the lower birthrate. Automation will also reduce the workforce, adding to the burden on the budget is support payments.

    Are we relying too much on income taxes?

    #AusPol #IncomeTax #Taxes

  23. Prime Minister Sanae Takaichi has acknowledged without endorsing a ruling and opposition party conference chair's proposal to lower the consumption tax rate on food to 1% beginning next April and to offer cash payments. japantimes.co.jp/news/2026/06/ #japan #politics #consumptiontax #sanaetakaichi #ldp #japaneseeconomy #taxes #food #nipponishinnokai #dpp #jip

  24. Prime Minister Sanae Takaichi's ruling Liberal Democratic Party party is continuing to focus on whether to cut the sales tax on food to zero, largely casting aside proposals for a smaller reduction to 1%. japantimes.co.jp/business/2026 #business #economy #taxes #consumptiontax #sanaetakaichi #ldp #japaneseeconomy #inflation #food

  25. The final decision on whether to reduce Japan's consumption tax rate on food to 0% or 1% will be left to Prime Minister Sanae Takaichi, an executive of her ruling Liberal Democratic Party suggested on Sunday. japantimes.co.jp/news/2026/06/ #japan #politics #consumptiontax #taxes #sanaetakaichi #ldp