Markets

Billionaire ‘Bond King’ Gundlach hints he might leave California to a lower-tax state if local taxes for the wealthy are raised

Billionaire investor Jeffrey Gundlach hinted on Twitter he would leave California if local taxes rise for high-earners. The CEO of DoubleLine Capital said in a tweet on Saturday that Elon Musk, comedian Joe Rogan, and political commentator Ben Shapiro are leaving California to “escape incompetent governance.” Taxes are likely to […]
Billionaire ‘Bond King’ Gundlach hints he might leave California to a lower-tax state if local taxes for the wealthy are raised
Markets

‘Tax us. Tax us. Tax us.’ 83 millionaires signed letter asking for higher taxes on the super-rich to pay for COVID-19 recoveries

A group of millionaires are begging governments to tax them “immediately. Substantially. Permanently” in order to fund the world’s recovery from the coronavirus. In an open letter with 83 signatures, the millionaires said that government taxation rather than charity is needed to address the fallout from the virus. The signatories […]
‘Tax us. Tax us. Tax us.’ 83 millionaires signed letter asking for higher taxes on the super-rich to pay for COVID-19 recoveries
Markets

Billionaire bond king Jeff Gundlach slammed the Democrats’ proposed new $3 trillion coronavirus relief bill — and said it would take total state aid to ‘over 150% of Federal taxes’

The billionaire “bond king” Jeffrey Gundlach on Wednesday slammed the proposed multi-trillion coronavirus relief bill initiated by the Democratic party, and suggested that two-thirds of US stimulus funds are “leaking out.” Gundlach said if the bill passed, the combined bailout towards the pandemic over three months up to May would […]
Billionaire bond king Jeff Gundlach slammed the Democrats’ proposed new $3 trillion coronavirus relief bill — and said it would take total state aid to ‘over 150% of Federal taxes’
News

11 things ATO just warned people not to claim as a work-related expense

As tax season approaches, the Australian Taxation Office has sent out a warning to taxpayers to not claim deductions for expenses that are commonly misconstrued as work-related. “Many taxpayers don’t have a good understanding of what deductions they can claim, and believe they can claim for items which they in […]
11 things ATO just warned people not to claim as a work-related expense
Tech

The ATO reveals which tech giants had a zero tax bill

The Australian Taxation Office has published the tax bills for almost 2000 large corporations for the 2014-15 financial year, giving a glimpse into how much tech giants contribute to the public purse. The list was published for Australian-owned public, private foreign and public foreign companies with a total income of […]
The ATO reveals which tech giants had a zero tax bill
Markets

Here are the 16 biggest tax-paying companies in Australia

The Australian Taxation Office (ATO) has just released details on the taxable income, and tax paid by more than 1500 local companies in 2014. The big four banks, miners and the supermarket giants Woolworths and Coles were among the biggest corporate taxpayers in Australia in 2014, with the Big Australian, […]
Here are the 16 biggest tax-paying companies in Australia