#tax revenue

[runalongprincevaliant]

#free palestine #palestine #from the river to the sea palestine will be free #norway #taxes #tax revenue #genocide #free gaza #gaza #this is a genocide #education is important #israel is a terrorist state #israel is an apartheid state #the west bank #free west bank #west bank #end the genocide #end colonialism #end the occupation #keep talking about palestine #keep protesting

[cannabisnewstoday]

#missouri #veterans #veterans services #drug treatment #legal aid #cannabis #marijuana #weed #pot #legalization #medical marijuana #mmj #medical cannabis #legalize #taxes #tax revenue

[intelligentchristianlady]

And yet again the Republicans are proved wrong.

#IRS #IRS funding #tax revenue #overdue and unpaid taxes #the IRS finally has enough money to do its job #Biden's Inflation Reduction Act reaps benefits

[indizombie]

Although India is Scotch's second biggest export market in value after the United States, it's only two per cent of the total Indian market, despite tripling in value over the decade to 2019, and increasing by 60 per cent from 2021 to 2022. Since Brexit, the British government, which hasn't had much luck since it left the European Union, has been trying to negotiate a new free trade agreement with India – whose economy just overtook its former coloniser's – especially to increase Scotch's market share, arguing a reduction in tariffs could triple Scotch's market share, bringing a potential 340 billion rupees ($6.29 billion) increase in tax revenue.

Sunil Badami, ‘India's whisky consumption rises by 200pc in 10 years’, ABC

#ABC #Sunil Badami #India #Scotch #export market #Brexit #UK Government #European Union #free trade agreement #market share #tax revenue

[kp777]

By Brad Plumer

Brad Plumer spent time in the oil fields of California, where many communities are built on fossil fuels.

Photographs by Alisha Jucevic

The New York Times

July 7, 2022

TAFT, Calif. — Every five years, this city of 7,000 hosts a rollicking, Old West-themed festival known as Oildorado. High schoolers decorate parade floats with derricks and pump jacks. Young women vie for the crown in a “Maids of Petroleum” beauty pageant. It’s a celebration of an industry that has sustained the local economy for the past century.

This is oil country, in a state that leads the country in environmental regulation. With wildfires and drought ravaging California, Gov. Gavin Newsom, a Democrat, wants to end oil drilling in the state by 2045. That has provoked angst and fierce resistance here in Kern County, where oil and gas tax revenues help to pay for everything from elementary schools to firefighters to mosquito control.

“Nowhere else in California is tied to oil and gas the way we are, and we can’t replace what that brings overnight,” said Ryan Alsop, chief administrative officer in Kern County, a region north of Los Angeles. “It’s not just tens of thousands of jobs. It’s also hundreds of millions of dollars in annual tax revenue that we rely on to fund our schools, parks, libraries, public safety, public health.”

Across the United States, dozens of states and communities rely on fossil fuels to fund aspects of daily life. In Wyoming, more than half of state and local tax revenues comes from fossil fuels. In New Mexico, an oil boom has bankrolled free college for residents and expanded medical care for new mothers. Oil and gas money is so embedded in many local budgets, it’s difficult to imagine a future without it.

Disentangling communities from fossil-fuel income poses a major obstacle in the fight against climate change. One study found that if nations followed the urging of scientists and cut emissions from oil, gas and coal deeply enough to avert catastrophic warming, United States tax revenues from oil and gas production, currently about $34 billion per year, could fall by two-thirds by 2050.

While Kern County produces 70 percent of California’s oil, it is also the state’s largest supplier of wind and solar power. But renewable energy doesn’t generate as much tax revenue as fossil fuels, partly because California exempts solar panels from property taxes to spur construction. And jobs in the wind and solar industries generally don’t pay as much or last as long as those in the oil fields.

So Kern County is feuding with the governor. Local officials, who have unsuccessfully sued to block Governor Newsom’s restrictions on drilling, are backing a plan for up to 43,000 new wells and have threatened to halt solar projects in response to the state’s oil crackdown.

Whether Kern County can transition to cleaner energy could offer a model, or a cautionary tale, to the rest of the nation.

“California is about 10 years ahead of other places on climate policy, but I expect we’ll see similar issues pop up across the United States,” said Kyle Meng, an economist at the University of California, Santa Barbara. “When you look at how deeply oil and gas is woven into the fabric of many communities, providing money for schools and hospitals and roads, the shift to clean energy can get really complicated, really fast.”

Read more.

#california #tax revenue #climate change #politics

[secretnewz987]

Celebrating Success: Indirect Tax Collection Surpasses Expectations in FY24

In a recent announcement, the Central Board of Indirect Taxes and Customs (CBIC) has revealed that the indirect tax collections for the Financial Year 2023–24 have surpassed the Revised Estimates (RE) by a significant margin. This achievement, attributed to the diligent efforts of tax officials, has been lauded by CBIC Chairman Sanjay Kumar Agarwal, who described it as a testament to professionalism, teamwork, and perseverance within the CBIC community.

Exceeding the revised estimate of Rs 14.84 lakh crore, the indirect tax collection for FY24 has been described as exceeding expectations. This remarkable feat was made possible by a record Goods and Services Tax (GST) mop-up, marking a milestone in revenue generation for the government.

Chairman Agarwal expressed his appreciation for the relentless efforts of every member of the CBIC, acknowledging their invaluable contributions throughout the year. The gross GST collection for 2023–24 stood at Rs 20.18 lakh crore, representing a substantial increase from the previous year’s figures.

The targets set for central GST, excise duty, and customs were also surpassed, reflecting the robustness of India’s tax revenue system. Despite the challenges posed by the global economic landscape, India’s economy has demonstrated resilience, recording a world-leading growth rate. According to estimates by the National Statistical Office (NSO), India is projected to grow at 7.6% in 2023–24, fueled by domestic consumption and government expenditure.

The consecutive quarters of over 8% growth from April to December underscore the country’s economic momentum. Various agencies, including SBI Research and Moody’s, expect GDP growth for FY24 to be around 8%, while others like Fitch and Barclays have raised their forecasts to 7.8%.

The impressive performance in tax collection reflects the vibrancy of India’s economy and the government’s commitment to fiscal prudence. As we celebrate this success, it’s imperative to recognize the collective efforts that have contributed to this achievement. Moving forward, sustained efforts in tax administration and policy reforms will be crucial in ensuring continued growth and prosperity for the nation.

#Indirect tax collection #CBIC #GST #Tax revenue #Policy reforms

[rodspurethoughts]

Legalization of Non-Medical Cannabis in the United States: Pros and Cons to Consider

Photo by Michael Fischer on Pexels.com The legalization of non-medical cannabis in the United States has been a topic of debate for many years. While some argue that it has negative effects on society, others believe that legalization can have a positive impact on the economy and on individual freedom. One of the main arguments in favor of legalization is that it can generate significant tax…

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#Black Market #cannabis #Cons #Law Enforcement #legalization #Non-Medical #Pros #public health #safety #Tax Revenue #United States

[bobbyo-1967]

Can Providence Afford To Bring Back Officer Lugo??

Can Providence Afford To Bring Back Officer Lugo??

28 November 2022 City Treasurer James Lombardi III Office of the Providence Treasurer City of Providence 25 Dorrance Street Providence, RI  02903 Dear City Treasurer Lombardi: I hope this message finds you well.  With any luck, tomorrow’s cosmic rain event won’t ruin any of your plans.  Too bad we can’t have the 60 degree temps and push the rain aside. I am writing to you because I was…

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#civil action #Lugo #Providence #Rourke #tax revenue

[lakservices]

Professional Tax Return Nagpur

Lak Services provide the best services like Professional Tax Return Nagpur, GST Registration, and GST Return Filing Services In Nagpur, we are experts in service providing like Income Tax Return, Loan, Gumasta, Accounting, And Insurance Services.

#tax #tax return #tax registration #tax relief #tax revenue #gst return service #gst registration #Professional Tax Return #nagpur

[internationaldayoffamilies]

Strengthening the mobilization and effective use of domestic resources.

In order for these policies to be affordable, governments need to mobilize resources in a range of ways, including by

tax revenues,

expanding social security coverage,

borrowing or restructuring debt,

leveraging aid and transfers, as well as

curtailing South-North transfers and

eliminating illicit financial flows.

This is in line with the Addis Ababa Action Agenda of the Third International Conference on Financing for Development, which reiterated the importance of “further strengthening the mobilization and effective use of domestic resources.”

#Addis Ababa Action Agenda #Third International Conference on Financing for Development #Domestic resources #expenses #revenue #tax revenue #illicit financial flow #Official Development Assistance (ODA) #care services #education #debt #families

[cannabisnewstoday]

#wells fargo #maryland #accounting #cannabis #marijuana #weed #pot #legalization #medical marijuana #mmj #medical cannabis #legalize #tax revenue #taxes

[indizombie]

The soaring cost of energy in the wake of Russia's invasion of Ukraine has delivered windfall gains to Qatar which this year expects to earn about $76 billion in tax from its energy exports. Qatar's budget surplus last year, buoyed by energy exports, was 45 times bigger than the previous year. The UK's energy exports last year delivered tax revenue that was nine times higher than the previous year, after the Conservative government introduced an Energy Profits Levy to compensate consumers as domestic power bills soared. Despite intense lobbying and continued opposition from the oil giants, the UK lifted its headline tax rate for oil and gas producers to 75 per cent, from 40 per cent. And still the companies delivered record profits to shareholders. The UK government expects to pull in an average of 8.6 billion pounds ($16 billion) over the next six years, compared with a yearly average of just 800 million pounds ($1.5 billion) in the six years to last June.

Ian Verrender, 'Why Australia lags behind the rest of the world in taxing oil and energy giants’, ABC

#ABC #Ian Verrender #Australia #2022 Russia's invasion of Ukraine #Qatar #energy exports #budget surplus #UK #tax revenue #Conservative Party #Energy Profits Levy #oil and gas producers #headline tax rate #UK government

[robertreich]

You Are Being Lied to About the IRS

The IRS is set to receive its largest funding increase in years thanks to the Inflation Reduction Act.

You know who should be worried about this?

Wealthy Americans who dodge taxes.

Recent figures estimate that the richest 1 percent are hiding more than 20 percent of their earnings from the IRS, accounting for more than a third of all unpaid federal taxes. 

Some estimates show that collecting all unpaid federal income taxes from the wealthiest Americans could generate anywhere from $200 billion to $1.75 trillion over the decade.

So why hasn’t our government been able to collect all that untaxed money from the richest of the rich? Because the IRS has been underfunded and severely understaffed – thanks in large part to a decades-long campaign from Republicans to transfer wealth to the top.

Over the past 10 years, the IRS budget has been reduced by roughly 20%. Its staffing is at a level not seen since 1973 although the American population is about a third larger now.

On top of that, the tax returns of the wealthy are very difficult, time consuming, and incredibly costly to audit – and rich taxpayers often have platoons of lawyers and accountants that shield them from tax liabilities.

Without proper resources, it’s harder for the IRS to go after the wealthiest Americans who avoid paying their fair share.

As a result, just 2% of the richest Americans had their taxes audited in 2019, down from 16% in 2010.

Meanwhile, the poorest Americans – who often claim a tax break known as the earned income tax credit – are five times more likely to get audited because their tax returns are less complex, and because of pressure from congressional Republicans to root out incorrect payments of the credit.

When the IRS can’t function properly, all taxpayers aren’t off the hook evenly – and the result is a tax system stuck in a cycle where the working class bears the brunt while the rich hoard wealth that could be used to invest in America.

So, don’t believe the lies coming from the oligarchs and their propaganda machine– it’s all fear mongering. The 1% have an incentive to keep the IRS hobbled and unable to excavate their hidden wealth.

They also know the public is against them – boosting the IRS budget to strengthen tax enforcement on high-income taxpayers is a popular policy supported by more than two-thirds of registered voters.

IRS funding is a good thing. It means the agency can finally go after the real freeloaders in America: The super-rich.

#IRS #taxes #wealth #wealth tax #inequality #Internal Revenue Service #video #videos

[bitchesgetriches]

Would You Rather Owe Taxes or Get a Tax Refund This April? The Answer Might Surprise You!

Keep reading.

If you found this helpful, consider joining our Patreon.

#taxes #tax refund #owing taxes #IRS #internal revenue service #tax law #2023 taxes

[allthecanadianpolitics]

In early 2020, the Canada Revenue Agency came to believe it had made a $63-million mistake. The sum, the agency concluded, had been paid out in "illegitimate" tax refunds as part of what it now alleges was a "sham designed to deceive." Iris Technologies, a Markham, Ont.-based company, had increased its sales from $27 million to $800 million in two years, according to CRA records. Buying and then exporting bulk internet telephone minutes had put the firm in a position to claim more than $120 million in tax refunds.

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Tagging @politicsofcanada

#cdnpoli #canada #canadian politics #canadian news #canada revenue agency #carousel scheme #taxes #CRA #cryptocurrency

[socialjusticeinamerica]

#IRS #internal revenue service #tax the rich #make the 1% pay #pay your taxes Republican assholes #trump doesn’t pay taxes #musk doesn’t pay taxes #Bezos doesn’t pay taxes