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News
Can the government impose taxes without a law? What Article 265 says
56+ min ago (417+ words) Have you filed your income tax return for FY 2025-26? With the 31 July 2026 deadline approaching, taxpayers should ensure they understand not only their tax obligations but also the constitutional principles that govern taxation in India. One of the most important safeguards…...
Simplification Proposals Give Glimpse of Future EU Tax Policy
1+ hour, 9+ min ago (799+ words) In a push to reduce complexity and improve competitiveness, the European Commission released two landmark proposals June 24 — the Recast of the Directive on Administrative Cooperation, or DAC, and the Omnibus on Taxation — that aim to simplify and recalibrate the EU…...
Progressive tax, regressive logic
6+ hour, 9+ min ago (1156+ words) Malaysia taxes wages and spending heavily but barely touches fortunes at the top. The Ministry of Finance recently said ina statement that Malaysia has “no plans” to introduce a 2% wealth tax, because the country’s tax base is “small and limited…...
Liberty Thought of the Week: Myths & Unintended Consequences...
10+ hour, 36+ min ago (481+ words) On August 4, Missouri voters will be asked to vote for 8.5 billion in new sales taxes on goods and services in exchange for eliminating the state income tax. The proponents of Amendment 5 have been deceptive in their advertising. The first ballot…...
2026 property taxes due by July 27
16+ hour, 49+ min ago (202+ words) Lloydminster, AB/SK – The City of Lloydminster is reminding all property owners that property taxes are due on or before Monday, July 27, 2026. Penalties will apply to outstanding tax balances as of July 27, 2026, and late payment penalties will not be waived…...
No Tax, No NFA?
1+ day, 5+ hour ago (44+ words) For decades, the government has defended the National Firearms Act against constitutional challenges principally as an exercise of Congress’s taxing power. But, last summer, Congress reduced the making and transfer taxes for most NFA items to $0. Where does that leave…...
IRS Fast Track Settlement Program Guidance a Boon for Taxpayers
21+ hour, 9+ min ago (593+ words) Fast-track settlement can be an attractive alternative for taxpayers seeking a timely resolution of their dispute with the IRS. Efforts to improve the program are starting to pay off: There has been a marked increase in participation between fiscal year…...
Krugman goes there - “Against Oligarchy, Part 1: Progressive Taxation”
18+ hour, 55+ min ago (595+ words) Of late Paul Krugman has been paying more and more attention to a handful of people: the.0002% who control an ungodly amount of wealth and the government. They amount to just a few hundred people. I’ve written up his recent…...
Fillmore County Begins 2027 Budgeting Process
19+ hour, 41+ min ago (368+ words) At the July 14 meeting of the county board, several department heads reviewed their proposed budgets for 2027. Commissioner Larry Hindt was absent. County Administrator Bobbie Hillery noted that all proposed budgets include a 3% wage increase for employees and an estimated 18% increase…...
America’s Exit Tax Is an Unconstitutional Violation of Human Rights, Part 2 – The Future of Freedom Foundation
18+ hour, 55+ min ago (541+ words) Part 1 | Part 2 According to many experts, the exit tax is also unconstitutional. (In fairness, others disagree, but I find the unconstitutionality argument convincing.) What is the key constitutional argument? The exit tax constitutes an entirely incorrect application of the Sixteenth…...