Category: tax system
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Tax-oh-no-mics 101: the Zimbabwean Lesson
I recently went to a breakfast where the topic of presentation at the table was Zimbabwe’s draft Income Tax bill. A bill that is, as yet, still being amended (and that most hope will be subject to a great deal more amendment before it arrives as Law). If the bill is passed, it will come […]
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Multinational Tax: I Find The Argument Well Taxing
First off, I am no tax expert. And secondly, this topic definitely requires more than an off-the-top-of-head blog post on a Wednesday morning. However, the news of late has been dominated by much political outrage over the low taxation paid by the big multinationals: Starbucks and Apple and so on. Only yesterday, Tim Cook was […]
read moreTax Avoidance is not an Unequal Evil: On Google’s Side.
Google does something entirely rational. Link: and there’s outrage. Google has been taking the money that it earns in its overseas subsidiaries and “funnelling” it into its Bermuda holding/shell company. About $9.8 billion in revenue, thereby avoiding $2 billion in income tax (as calculated by the journalist who first wrote the article). Of course, there are […]
read moreMitt Romney announces a tax plan.
Article of the day link: and I think I know why it took him so long. So Mr Romney (and Mr Ryan) have both received a lot, and I mean a lot, of criticism for failing to fully detail their tax plan. We all know that they’re planning a rate cut. But the second part about “eliminating […]
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