Tag Taxation

Emigration Tax

Is the Finance Ministry becoming Hotel California?

You can check out any time you want but you can never leave. So sang The Eagles in 1970. Here at Vox Sapiens we suspect that country residence could begin to resemble living at Hotel California. There may come a time when you will be unable to leave the country without paying your share of the public debt.

Let us explain a bit more about the state of public finances before returning to the pay-as-you-leave hypothesis …

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Snore and fleece

The US Financial Reform Bill is too long

The US Senate has started to debate the Financial Reform bill. This bill proposes the most sweeping changes to US (and, therefore, global) financial markets regulatory practices since the Great Depression of the 1930s.

So one might think this an extremely important bill, right? So all the Senators have Read more

Forget Tequila, welcome the Ouzo Crisis

How to prepare for the collapse of the euro currency union.

Greece uses the same currency as Germany. But Greek government bonds yield almost four per cent more than German government bonds, an all time record for the eurozone.

This is telling us something; really telling us something. The bond market is pricing in a high possibility of default by the Greek state. Read more

Bankers’ bonuses – wrong target

Unless you’re a shareholder, point your gun elsewhere

During the last few days many of the large Investment Banks have announced staff bonuses. And in many cases these have been at, or near, record levels. This has led to public outcrys.

As a response, some governments have announced special taxes on these bonuses. And the triumverate of governments, central banks, and financial services industry regulators have all railed against the bonuses.

But why are the bonuses so high? Who should be the real target of the outrage? Read more

What electric car tipping point?

Doctor Z, want to borrow my spectacles?

Dr Dieter Zetsche, CEO of Daimler AG (that produces Mercedes-Benz and Smart) is reported in Automotive News to have said of electric cars being on the immediate horizon that “we are at that tipping point now.”

Really? I disagree for several reasons. Read more

Here comes the “Nano Tax”

“First car for the second world family, second car for the first world family”

The Tata Nano is likely to change the lives of an immense number of families in the developing world, with the possibility that the Indian car market will increase by 65%, according to Standard and Poor’s Indian arm, CRISIL (source India Times). And much has been written about Ratan Tata’s dream of migrating Indian families from two wheels to four.

But how about the developed world? I believe that it will be disruptive here too – by fundamentally altering the tax applied to private vehicles. Read more

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