President Trump released details of his tax plan, which would essentially benefit the wealthiest Americans by repealing the estate tax and other changes at the expense of the middle class.
Trump unveiled his tax cut in Indianapolis.
AP Photo/Michael Conroy
The administration wants to cut the tax rate on so-called pass-through entities, which is likely to lead to creative tax planning and outright evasion, damaging faith in the system.
KPMG South Africa stands accused of advancing state capture and has come under immense pressure.
Isabelle OHara/Shutterstock
Workers are getting ABNs and being employed as contractors responsible for their own tax payments. This is undercutting conditions and eroding the most important part of the nation’s tax base.
A Bitcoin (virtual currency) souvenir coin. But cryptocurrencies like this can be debt and equity as well.
MAXIM SHIPENKOV/AAP
Despite its name, cryptocurrency isn’t just money. It could also be debt or equity and so it should be regulated and taxed in the same way as other finance.
Dairy cows at a family farm in Chilliwack, B.C. Sylvain Charlebois, a noted academic on food policy issues, says the federal government’s proposed tax reforms will hurt family farms.
CANADIAN PRESS/Jonathan Hayward
Kevin Davis, Australian Centre for Financial Studies
Applying the GST to banking has much sounder economic underpinnings than the current levy, would have raised much more revenue, and would have applied to all banks rather than just the big banks.
Dublin’s role in global business is threatened by Trump’s tax plans, so the opportunity presented by Britain’s EU exit will have to be snatched with both hands.
The banks modelling on how much revenue the government will collect from the levy assumes the banks will do nothing in response to it. This is highly unlikely.
Joel Carrett/AAP
The AiGroup’s Innes Willox’s statement that Australia has “one of the highest progressive tax rates in the developed world”. We asked the AiGroup for sources to support his statement.