Tuesday, March 16, 2021

Taxing Matters

 Federal ‘COVID’ Spending Just Hit $41,870 Per Taxpayer. Did You See That Much in Benefit? 


Adam Goodes' $2.2million investment home is raided as part of a $1million cannabis bust across Sydney with police allegedly finding a 'sophisticated hydroponic set up with 62 cannabis plants'



Tax office targets bitcoiners You can run, but you can't hide your gains.

By David Braue on Mar 11 2021

Tax authorities have maintained their pressure on cryptocurrency investors, with the Australian Taxation Office (ATO) sustaining its scrutiny of crypto transactions through the COVID pandemic – and more recently, US tax authorities assembling a specialist team of cryptocurrency investigators.

 

Omri Y. Marian (UC-Irvine), Taxing Data:

The Article offers a new theory of tax on data collection and transmission, as a primary source of government revenue. This tax does not depend on the monetary value of data. This “data tax” can supplement, and in some instances replace, income taxes. The data tax can: (1) mitigate some of the failures of income taxes in a globalized data-based economy; and, (2) serve to alleviate some of the externalities of a data-based economy.


Councils to raise £7.5bn in stealth tax raid after Rishi Sunak relaxes threshold for local vote 



A painting by Vincent van Gogh that hasn’t been exhibited for the public since it was painted in 1887 is up for auction this month. The Paris landscape was created by the Dutch master on the cusp of his impressionist phase:


Van Gogh Montmartre 02





Extra 1.3m people in UK to start paying income tax over next five years