Tagged: taxes

May 5, 2026 @ 10:58 am By JD Alois  |  

Last month, the European Union published a report on wealth taxation, a topic that has been front and center not only in Europe but in the United States. One portion of the discussion concerns how exit taxes could affect decisions to vote with your feet… Read More

April 28, 2026 @ 10:17 am By JD Alois  |  

The competition between states continues as millions of Americans migrate from high-tax states to lower-tax states and potentially lower-cost-of-living states. This is according to a recent report by the nonpartisan Tax Foundation, which reviewed publicly available information on tax filers. By using public data from the IRS, the… Read More

April 16, 2026 @ 12:42 pm By JD Alois  |  

This post on X distributed yesterday generated a good number of views. It includes a 2014 letter to the US Internal Revenue Service (IRS) that highlights the poor state of the US tax code. Donald Rumsfeld, an old pol who passed away in 2021, who… Read More

April 12, 2026 @ 2:40 am By Omar Faridi  |  

UK’s Starling Bank noted in a blog post that sole traders are increasingly relying on artificial intelligence to handle tax and accounting queries. According to fresh research from UK digital bank Starling, these AI focused trends are impacting the broader financial service sector as well…. Read More

April 7, 2026 @ 1:13 pm By JD Alois  |  

Top Fintech founder Mike Cagney took to X to slam Coinbase (NASDAQ:COIN) and its tax documentation process. Cagney founded two Fintech unicorns, SoFi (NASDAQ:SOFI) and Figure Technologies (NASDAQ:FIGR). In the US, tax filings are due this month on April 15th. Today, investment platforms automatically generate… Read More

March 29, 2026 @ 2:33 pm By Michael Wong  |  

Turkey’s parliament has dropped proposed cryptocurrency tax measures from a sweeping omnibus bill after opposition parties pushed back against the plan, Hurriyet Daily News reported. Lawmakers gathered under Deputy Speaker Celal Adan to debate the broad bill, which includes tax policy changes, defense spending measures… Read More

March 26, 2026 @ 2:48 pm By JD Alois  |  

A group of Democrat Senators and Representatives has joined to advocate for new taxes targeting wealthy individuals. The new legislation, designed to punish affluent citizens, aims to tax individuals who are worth more than $50. Senators Elizabeth Warren, Representatives Pramila Jayapal and Brendan F. Boyle,… Read More

March 24, 2026 @ 3:01 pm By JD Alois  |  

Various states continue to pursue self-damaging policies by chasing away innovators and investors with excessively high taxation. While many have warned policymakers against pursuing these harmful taxes, and Economic theory has long warned against punitive taxation, elected officials continue to do self-harm. Recently, it has… Read More

March 14, 2026 @ 4:04 pm By Omar Faridi  |  

Taxbit has shared that the European Commission has issued a clear interpretation of the DAC8 directive, emphasizing that tax reporting requirements for digital assets extend to every user residing in the European Union. Taxbit also indicated that this update, detailed on the Commission’s official DAC8… Read More

March 3, 2026 @ 6:14 pm By JD Alois  |  

A “wealth tax,” which is really a confiscation tax that seeks to tax unrealized capital gains, has never worked anywhere. Yet, some policymakers and special interest groups are pursuing this self-destructive policy with California leading the way. As California’s state budget is mired in debt… Read More

February 25, 2026 @ 3:45 pm By JD Alois  |  

After approving a new wealth tax that would have harmed the Netherlands economy, undermining entrepreneurship and innovation, the government has reversed its decision due to public outrage. According to multiple reports, the Dutch Finance Minister Eelco Heinen announced plans to change the legislation, stating that… Read More

February 17, 2026 @ 10:53 am By JD Alois  |  

A wealth confiscation tax has never been widely successful anywhere it has ever been attempted. Yet, some policymakers and pundits continue to support the concept of taxing unrealized gains and wealth thresholds. As the Laffer Curve explained decades ago, excessive taxation will have the opposite… Read More

February 13, 2026 @ 1:25 pm By JD Alois  |  

The Netherlands is the next jurisdiction that seeks to punish investors by taxing unrealized capital gains. The state of California has been in the news quite a bit recently in regard to its possible confiscation tax that targets wealth investors and shareholders. The obtuse policy,… Read More

February 10, 2026 @ 9:39 am By JD Alois  |  

The California confiscation tax is doing wonders for at least one state. That would be Florida. The confiscation tax is designed to take money from wealthy residents by taxing unrealized gains and total wealth. As California remains an economy driven by innovation and entrepreneurship, wealthy… Read More

February 6, 2026 @ 5:16 pm By Tony Zerucha  |  

MassPay, a payout orchestration platform, is partnering with TaxBandits to integrate comprehensive tax compliance services directly into its platform. The integration enables MassPay customers to offer automated 1099 and 1042 form management, W-8/W-9 collection, and IRS TIN matching to their users. For businesses managing contractor… Read More

February 2, 2026 @ 10:45 am By JD Alois  |  

Moderates and Republicans frequently lament California’s decline. While the state has wonderful beaches, mountains, great weather, and a robust innovation ecosystem, the politics have been a disaster for many years. High taxes, dilapidated infrastructure, and numerous allegations of government-backed fraud have helped make the Golden… Read More

January 29, 2026 @ 11:05 am By JD Alois  |  

The Netherlands is poised to approve a change to the income tax that will impose a 36% tax on unrealized gains, as it seeks to boost revenue to fund government activities. Of course, confiscatory taxes have never worked anywhere and will likely have the opposite… Read More

January 29, 2026 @ 9:56 am By JD Alois  |  

It is a fact that we exist in a world of limited resources. Taxes paid to the government reduce disposable income for individuals and available funds for investment. Private activity, including innovation and entrepreneurship, gets crowded out when more funds go to the government. This… Read More

January 26, 2026 @ 2:39 pm By JD Alois  |  

A group called “Pissed Off at Ro“ has been created to challenge Representative Ro Khanna, a vocal supporter of the California confiscation tax, which has been proposed. The new group was recently promoted by Garry Tan, CEO of VC firm YCombinator, who has been posting… Read More

January 20, 2026 @ 2:56 pm By JD Alois  |  

The Tax Foundation, a nonpartisan nonprofit that produces research on taxes, says the California wealth tax may be far more punitive than the stated 5% on the affluent’s holdings. As it stands now, a 5% tax on an individual’s worth will be applied if the… Read More