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French Fuel Protests Turn Deadly Amid Fierce Backlash Against Tax Rise

“ASSOCIATED PRESS Protesters block the Champs Elysees avenue to protest fuel taxes in Paris, France, on Saturday” writes unknown author for huffingtonpost.com. The rise in fuel taxes, notably for diesel fuel, spoke to citizens who feel the president has asked ordinary citizens to make the largest efforts in his bid to transform France.A protester has died and 47 others injured during roadblocks set up around France to demonstrate against rising fuel taxes, in a new challenge to the country’s embattled president, Emmanuel Macron. Source: huffingtonpost.com Share This:

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1 dead, scores injured in fuel tax protests around France

“Macron wants to close the gap between the price of diesel fuel and gasoline as part of his strategy to wean France off fossil fuels” reports washingtonexaminer.com. Those French who have a hard time making ends meet often rely on cheaper diesel fuel.The planned increase in fuel taxes, notably for diesel fuel, spoke to those French who feel the president has asked ordinary citizens to make the largest efforts in his bid to transform France.Taxes on diesel fuel have risen 7 euro cents (nearly 8 U.S. cents) and are to…

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How to spot imposter fraud, what you can do to protect yourself

“The AARP Fraud Watch Network can help protect you from frauds and scams” writes For The Sun-times for suntimes.com. Call this free helpline (877) 908-3360 to speak with volunteers trained in fraud counseling. • PART ONE: How to avoid identify theft and keep your data safe • PART TWO: How military veterans can protect themselves from scammers who target them.  Source: suntimes.com Share This:

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U.S. tech companies beware: EU taxes are coming for you

“For example, three California towns each passed new tax measures on local tech companies residing there” reports fastcompany.com. A French minister told CNBC that he’s pushing for sweeping taxes of digital companies.Meanwhile, local governments in the U.S. have been pushing to tax tech companies more as well.Minister Bruno Le Maire said during a conference this morning that the European countries need to unite together to raise the taxes on businesses like Apple, Facebook, and Google.A recent EU attempt to impose a 3% tax failed over fear of retaliation from President…

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We freaked out over Amazon’s HQ2 search. But it turned out to be for all the wrong reasons

“Both New York and Virginia have state income taxes, including corporate income tax and local capital-gains taxes (we have none of these)” writes Danny Westneat for seattletimes.com. That the company picked two states that have both personal and corporate income taxes and capital-gains tax puts the lie to this tired talking point.Nor was it in search of lower taxes than Seattle offers.In New York City, Amazon employees will also have to pay up to an 8.8 percent personal state income tax, as well as a 3.8 percent city income tax…

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Germany wants binding deal on EU digital tax at December meeting

“BERLIN (Reuters) – German Finance Minister Olaf Scholz said he favors getting a binding deal on a European Union digital tax at a meeting of EU finance ministers in December and that he supported the French model” writes Midwest Communications Inc for 95kqds.com. Germany called this month for a revision of the plan that would exclude from the proposed tax activities linked to carmakers.There has been discord among European Union member states over a proposed EU plan to tax big internet firms such as Google and Facebook on their turnover.French…

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Crypto News 

How crypto traders are avoiding taxes with a lending loophole

“With the lending loophole, you avoid taxes by taking out a loan against your Bitcoin to buy Stellar” writes Adam Ghahramani for venturebeat.com. Here are their top five reasons overall: The bottom-line: our crypto tax policy is dumb and it takes equally dumb maneuvers like the lending loophole to outfox it.You’re probably wondering if anyone actually goes to the trouble of doing this, especially since many crypto traders skirt taxes to begin with. Source: venturebeat.com Share This:

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The government is raking in billions of dollars from Trump’s tariffs. Americans are the ones paying.

“Federal revenue from tariffs in the third quarter increased by more than 33% from the same quarter last year, Treasury Department data shows” writes Finanzen Net Gmbh for businessinsider.com. At a postelection news conference on Wednesday, Trump misleadingly claimed that billions of dollars would “soon be pouring into our Treasury from taxes that China is paying for us.”. President Donald Trump likes to talk about the money Washington is making from the spate of tariffs his administration has imposed on global trading partners.”Tariffs are worse than taxes because they create…

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Crypto News 

France Mulls Lowering Taxes on Bitcoin

“According to Reuters, the lower House of Parliament in France is looking to cut taxes for Bitcoin owners” writes Nick Omo for livebitcoinnews.com. What do you think about France’s move to cut Bitcoin taxes?. France appears ready to consider giving Bitcoin owners in the country a tax cut.However, not many have been able to create a clear regulatory framework for cryptocurrency taxes.The United States, for example, has seen several stakeholders call for more concise cryptocurrency tax laws. Source: livebitcoinnews.com Share This:

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Voters approve I-1634, banning local soda and food taxes in Washington state

“Seattle’s sweetened beverage tax remains in effect, but other local governments can no longer tax food, beverages or ingredients” writes Seattle Times Business for seattletimes.com. I-1634 does not repeal Seattle’s 1.75-cent-per-ounce sweetened beverage tax, but it does prevent the tax from increasing.Washington cities, towns and counties are prohibited from passing new taxes on food, beverages and ingredients with the passage of Initiative 1634. Source: seattletimes.com Share This:

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