Tim Cook, the head of Apple, said that the company may send billions of dollars back to the US next year in 2017 in response to the EU Commission retroactively changing tax deals. Apple struck a deal with Ireland and agreed to locate there for taxes. Now the EU Commission is saying individual member states may not […]
I have warned that when I am traveling these days, the question always posed is – “How much cash do you have?” Even traveling to Warsaw, there are big signs saying you may not have more than €10,000 in “value” on your person. In Italy, if it looks like you have a lot of jewelry, they […]
Believe it or not, someone can work hard to get into the Olympics and if they win the gold or silver medals, the Internal Revenue Service (IRS) is there waiting for their cut. Yes, American Olympians must pay taxes on the value of the medal. They also need to pay taxes on their prize money. […]
It’s official. Canadians now spend more on taxes than they do on food, housing, and clothing. Well, politicians have to eat first. Their kids have to be educated to rule their generation. The Fraser Institute has calculated that the average Canadian family now pays $34,154 in taxes in total, which includes all the “hidden” business taxes […]
The Pension Crisis continues to spiral out of control and the central banks are incapable to reversing their policy. Raising rates now will cause budgets to explode and all the bonds they bought would collapse in price no less become totally unsalable. Now in Germany, the Bundesbank has addressed this crisis advising that the population […]
COMMENT: Mr. Armstrong, my family was always farmers. When the death tax was imposed by Democrats, little by little with each generation we had to sell something to pay the taxes. Hillary in Detroit said Trump should not have $4 billion and the state should have got it all. This is money already taxed numerous […]
The financial services industry is undergoing its greatest upheaval perhaps in more than 35 years because the government came up with a brilliant new idea to pretend there is a crisis that they need to step in to save you. I have warned that there has been talk about taking over 401K funds which are […]
Once again, the office of Inspector General has come up with a huge hole in the Department of Defense with a missing $6.5 trillion. The day before 911, Rumsfeld admitted there was back then $2.3 trillion missing from the Defense Department budget. That has now grown to $6.5 trillion and counting. They have reported that […]
While the GOP elite are doing everything they can to make sure Hillary beats Trump just to hold on to their power base, the real business community that creates jobs, not the bankers and multinationals, are excited about Trump’s tax plan to reduce corporate taxes to 15%. es that is what I testified before […]
We have certainly embarked down the road of a police state. Federal agencies are tracking people who travel on trains and in the air. If someone buys a ticket for cash, the government is notified. They are looking for the slightest thing. I went to the airport to pick up a friend who comes over […]
