Josh Taylor’s Post

I really struggle with the framing of these types of articles on a "single's" tax. It assumes that use/enjoyment of a property or experience should automatically be divisible by the number of people instead of the unit of consumption. Yes bills are cheaper in a household when split between more people, but the fixed costs of standing charges etc are the same for a property, regardless of occupancy and hence there is always a fixed cost which will be cheaper per person when split more widely There are lots of fair questions about how expensive the price of housing, utilities etc are; but I feel this framing forgets the very basic principle of economy of scale. If people choose to live alone, or remain alone in the same property (e.g. widowers) than it has to be with eyes wide open to the basics of how prices and costs are calculated. Discounts for things like trains are more generally motivated by policies to compete with cars or incentivise green travel; discounts with insurers are effectively a referral discount. I feel this framing suggests some motivation behind higher costs for single purchases, as if there is something that should be done! But I really struggle to see what the argument is, am I missing something? https://lnkd.in/ekV9-7mD

🇳🇿 How Inland Revenue Collects Tax in New Zealand 💰📜 In New Zealand, the Inland Revenue Department (IRD) is responsible for collecting taxes that fund essential public services like healthcare, education, and infrastructure. Here’s how it works: 📝 Tax Collection Policies: PAYE (Pay As You Earn): If you're employed, taxes are deducted directly from your paycheck, making it simple and hassle-free. Provisional Tax: Self-employed or earning irregular income? You pay in installments to spread the cost throughout the year. GST (Goods and Services Tax): A 15% tax on most goods and services, ensuring everyone contributes to the economy. Income Tax & Corporate Tax: Individuals and businesses report their income annually, ensuring fairness and accountability. ✨ Why These Policies Matter: They’re designed to be fair and transparent. Help fund public services we all rely on—roads, schools, hospitals, and more. Support New Zealand’s social and economic stability. Whether you're a taxpayer or business owner, IRD’s streamlined systems like myIR make compliance easy and accessible. 💻📈 Together, we’re building a stronger Aotearoa! 🌿 #InlandRevenueNZ #TaxTimeNZ #KiwiEconomy #FairTaxation

🌐💼 Attention Expat Business Owners: Trump’s New Tax Proposal Could Bring Big Changes! 💼🌐 If you’re a U.S. citizen running a business overseas, you know the complexities of managing double taxation. Former President Trump’s recent proposal aims to eliminate this burden, which could mean substantial tax savings for Americans living abroad, especially in low-tax countries. 📉💸 While this might open up new opportunities for expat entrepreneurs, it comes with potential trade-offs. Proposed tariffs could affect consumer prices, shifting economic dynamics that business owners need to watch closely. This is a critical moment for expat business owners to reassess tax strategies and adapt to potential changes. At IRSProb.com, we’re here to keep you informed on all things tax-related. 📊📑 👉 Stay informed, and plan ahead for how these changes might impact your business! Click here to know more! https://lnkd.in/ge4bR_kt #TaxStrategy #ExpatLife #BusinessAbroad #TaxReform #IRSProb

Never thought I'd make it into the newspaper for a tax rate! 😉 At the request of De Tijd, we updated our tax calculation software to reflect the proposed tax rates and brackets from the latest version of the "supernota." You can find the results in today’s article by Dirk Selleslagh. In short: 💸 The top 50% tax rate would be #abolished, with a new intermediate rate of 35% introduced. 💸 #Everyone benefits from this, but naturally, the higher the salary, the more you stand to gain. 💸 This is a positive move, making Belgium more #attractive for investors and businesses. Often, we rank poorly in marginal tax rate comparisons, but this reform could change that. 💡 The same supernota also proposes making Belgium's relatively new #expat regime more appealing by amongst others lowering the minimum salary threshold. This is another promising step towards boosting Belgium's attractiveness and will likely generate indirect revenue in the long run.  Thank you to Matthias Luypaert for running the calculations. #KPMGtax

The tax cuts are coming into effect at the end of the month and will provide short-term relief for many, but if New Zealand is serious about addressing the cost of living and becoming a high wage economy we need to take action to increase our productivity, the biggest long-term determinant of wages and living standards.

💶 It seems that the Irish Transport sector is facing even more challenges given the latest reports that the Low Pay Commission recently recommended an increase of at least one euro to the minimum wage for 2025. 🚚 On top of this Ireland is set to have the highest diesel taxes in the EU after #Budget2025 due to be announced shortly. In what already is a very tough sector to trade, transport companies will need to make sure they have a very tight grip of their #cashflow reins going into 2025. 💰 Cash is (and always will be) King, so if your transport business would like to remain in a strong cash position, perhaps it is time to give #InvoiceFinance some proper consideration? 💡 Give the local experts at Bibby Financial Services Ireland a call to discuss how you can stay ahead of the game on 01 297 4911 or 021 480 8375 https://lnkd.in/epD82BWF

#Ireland: Tax Attractiveness and Current Account Imbalances Ireland's economic prosperity (https://lnkd.in/ey_m6pw6) is rooted in its strong openness to trade (https://lnkd.in/ezHbHTf4), which is intrinsically tied to its advantageous tax policies, attracting numerous international firms to establish production on its soil. The growing and symmetric imbalances in its balance of payments illustrate this. ▶️ In 2023, the country’s current account recorded a total surplus equivalent to 10% of its GDP, reflecting two major imbalances: ▶️▶️ A trade surplus in goods (32% of GDP). ▶️▶️ A deficit in primary income flows (23%), almost entirely resulting from the repatriation of profits from foreign direct investments. ▶️ As for another component of the current account, the overall balance of trade in services, while roughly balanced, reflects stark contrasts in three sub-accounts closely tied to intra-firm activities within multinational corporations: ▶️▶️ A massive surplus in "telecommunication and IT services" (41% of GDP). ▶️▶️ Offset by large deficits in "royalties and license fees" (25%) and "other business services" (e.g., accounting, legal services at 16%). For further information, see the CEPII Profiles: https://lnkd.in/gb-VScZQ   CEPII Evguénia Berlaud-Korotkova laurence nayman Vincent Vicard

BREAKING #NEWS: Treasury keeps #TouristTax: Chancellor Jeremy Hunt disappointed the British tourism, retail and hospitality sector by ignoring calls to reinstate VAT rebates in today’s budget. An hour long statement focused on raising additional taxes from non doms and extending windfall taxes on energy companies that created the headroom for a 2% cut to employee national insurance. The #TouristTax […] The post BREAKING #NEWS: Treasury keeps Tourist Tax appeared first on WATCHPRO.

“Tax is too high in Germany" A common misconception I've found from lots of people recently Actually 70-75% Net Retention is achievable 👀 And it's achievable, compliantly 🎉 What you might not know being self-employed in Germany, is very good for tax-deductible allowances which helps with your Net retention. Here are some of them (but not all): €24 per day for food allowances (for the first 3 months) €1000 a month for accommodation* Extra Tax relief if you're married Commuting expenses Flight home a month Travel costs *(if you still have accommodation in your home country - double household costs) There's a lot of different tax systems across Europe, don't leave it to hear say to make your mind up for you. If you want impartial advice like this ☝️ then feel free to give me a call 📱

The OECD said the average change in personal income tax in New Zealand was 4.5 percent higher last year compared with 2022, second only to Australia. Single New Zealanders earning the average wage were paying tax at a rate of 24.9 percent in 2023, up from 23.2 percent a year prior. A quick search on the Inland Revenue NZ website tells me that in the year to June 2023, taxes on individuals contributed 49% of the total Inland Revenue's tax revenue. This was an increase of 1% since the year to June 2022. It seems bracket creep is working just as intended. #incometax #marginaltax #nztax