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#tax

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The #IRS is building a #ComputerProgram that would give #deportation officers unprecedented access to confidential #tax #data.

ProPublica has obtained a blueprint of the system, which would create an “on demand” process allowing #ICE to obtain the home addresses of people it’s seeking to deport.

Last month, in a previously undisclosed dispute, the acting general counsel at the IRS, Andrew De Mello, refused to turn over the addresses of 7.3M #taxpayers sought by ICE.

Q. does the UK need a (new) wealth tax or just need the HMRC to do a better job at getting the rich to pay the taxes they already owe (or should owe)?

Given the 'tax gap' is still likely to be less than £20bn a year (we cannot be sure), it seems likely a pincer movement is required: both, better collection & an expansion of taxation - but the balance may mean a wealth tax of some sort could have a lower headline rate (placation some of the wealthy?)

#tax #inequality
theguardian.com/politics/2025/

The Guardian · HMRC criticised by watchdog for failing to track billionaires’ taxBy Richard Partington

The IRS Is Building a Vast System to Share Millions of Taxpayers’ Data With ICE

ProPublica has obtained the blueprint for the Trump administration’s unprecedented plan to turn over IRS records to Homeland Security in order to speed up the agency’s mass deportation efforts.

propublica.org/article/trump-i

ProPublicaThe IRS Is Building a Vast System to Share Millions of Taxpayers’ Data With ICE
More from ProPublica
#News#Data#Privacy

The EU is planning a new, graduated #tax on companies with more than 50 mio Euro revenue, the wires say.

I see a lost #opportunity. They should tax the market capitalization of companies, not their revenue. This would create a direct incentive to split up into smaller entities, rather than buying up (future) prospective competitors to squash #competition, and getting larger and larger in the process.