Snowing in July in Austria
July 24, 2016A reader from Austria sent this photo from Paznauner Taja Ischgl. It was snowing there on July 14. Unfortunately, we are heading into a global cooling period.
All posts in " The Hunt for Taxes "
Taxation Without Representation or Even Residency
July 18, 2016QUESTION: Mr. Armstrong; The taxation of the internet seems to be rising. At the same time it appears as though this could really harm the economy by reducing competitiveness of small companies trying to comply with collecting taxes of so many different states. Have you looked at this as a possible factor in creating the […]
French Pay $14,500 Per Month for Hollande to Get His Hair Cut
July 16, 2016Hollande is a socialist to the core; he claimed to hate the rich, yet spends taxpayers’ money like nobody else. He spends $14,500 per month for haircuts. Sorry, but they charge me $15 for a haircut and I give a $5 tip twice a month. I cannot imagine anyone ever spending that much to have their […]
Where do US Multi-Nationals Hold Offshore Cash These Days?
July 13, 2016What are US multi-nationals doing with the $2 trillion they keep offshore? Looking at the Securities & Exchange Commission (SEC) disclosures shows that Apple, Microsoft, Google, and Cisco Systems hold about 10% of their offshore cash in US government debt, which earns these companies substantial sums in interest. So they are earning interest in dollars while parking money […]
Australia Creates Domestic Violence Tax
July 10, 2016The politicians in Australia know how to shove a tax through that they can flip on anyone who opposes it. Australia is now implementing a “domestic violence tax” whereby they will charge every household $30 annually to create a fund to help victims of domestic violence. There were about 124.6 million households in the United […]
Just Shut up & Pay a TV Tax — So What if You Don’t Have One!
July 9, 2016When it comes to taxes, just shut up and pay. It does not matter what the “intent” is — just pay. The German High Court upheld a broadcasting tax that requires everyone to pay for TV and radio. It seemed logical to question why someone should pay the tax if they do not own a TV or […]
Capital Flows & the Shift to USA for Taxes
July 6, 2016Since the publication of the Panama Papers, the assets of the wealthy from around the world have been flowing into United States at a sharply increased pace. Tracking capital flows has revealed that capital outflows of liquidity from the EU have distinctly accelerated. The United States is definitively becoming the replacement for Switzerland. The IRS has even […]
A Reader’s Comment on the Problems with Safe-Deposit Boxes
June 16, 2016COMMENT: I am an attorney in Texas. We have been advising clients NOT to use safe deposit boxes for years. Examples are: We had a client involved in a multiparty suit. I got a court order and sent somebody over to a decedent’s safe deposit box with witnesses and a video camera. The bottom of […]
Oklahoma Police Can Seize Your Entire Bank Account on a Traffic Stop Without Any Charges
June 9, 2016The one state that has gone complete anti-democratic is Oklahoma. It is wise not to travel in that state at all. Oklahoma should be on a no-fly zone. Now, Oklahoma police can outright seize everything you have from debit cards to bank accounts on a traffic stop without any criminal charges being filed. If some policeman thinks you’re doing […]
Hunt for Taxes: Safe-Deposit Boxes Under Attack
June 3, 2016HSBC is altering its oversight of safe-deposit boxes in Hong Kong. Governments are targeting safe-deposit boxes to look for cash that is hiding from taxation. HSBC, a U.K. bank, is now moving against claimed financial crimes by altering conditions for safe-deposit boxes. This is becoming a global trend. Anything of value that is stored in a […]
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