taxes Archives - Page 2 of 2

be in favor of putting more taxes

January 11, 2026 by usatoday24

In addition to being the CEO of NVIDIA (the most valuable company on the planet), Jensen Huang is in the top 10 richest people in the world according to Forbes. He has a net worth of $160.7 billion, a salary of $1.5 million a year (rose 50% last summer) with 49.9 million bonuses and 3% of his company’s shares. There it is nothing. As for properties, he owns a luxurious mansion on Billionaire’s Row in San Francisco and another, considered as your habitual residence due to its proximity to NVIDIA’s headquarters in Santa Clara, in Los Altos Hills. In the first I had David Sacks as a neighbor and in the second the founders of Google. The use of the past tense is not a mistake: they have all moved away to avoid the tax on the rich of 2026. For the CEO of NVIDIA it is not a problem: ““I’m perfectly fine.” with California’s new multibillion-dollar tax. Jensen Huang is not alone. But they are an absolute minority In an interview with Bloomberg TV last Tuesday, Huang said that “We choose to live in Silicon Valley, and whatever taxes they would like to apply, so be it” and that he had not thought about moving even once and that, despite the fact that his company has offices in several countries: “we work in Silicon Valley because that is where the talent pool is.” This new law, which would go into effect on January 1, 2026 retroactively if it passes the vote in November this year, imposes a flat 5% tax on people with a net worth greater than $1 billion to fund health programs. Considering his Jensen Huang net worth, we are talking about a fiscal bite more than 8 billion dollars. Jensen Huang’s position is rare bird insofar as it goes against the trend of many other technology magnates, who have packed their bags to avoid tax burdens. But NVIDIA CEO is not alone: There are other millionaires who are favorable to paying taxes. Of course, they are a minority. Without going any further, one of the most famous defenders is Warren Buffet, who almost 15 years ago proposed the ‘Buffet rule’ arguing that it is unfair that he pays a lower percentage of taxes than his secretary. Bill Gates has also repeated a few times that taxes are raised on the rich and the tax burden on capital gains and inheritances is increased. Incredible as it may seem, the fervent defender of capitalism Mark Cuban has advocated for paying taxes as “the most patriotic thing to do.” And speaking of patriotism, there is even an organization known as “Patriotic Millionaires” where the Disney heiress or the philanthropist George Soros ask that their taxes be raised. By the way, the current president of the board is Morris Pearl, former CEO of Blackrock. The budding law is the new “well, I’m going to Andorra” As we mentioned in the intro, Larry Page and Sergey Brin have already migrated T-Rex LLC to Delaware, according to Business Insider. After, Page has acquired a residence in Miami following in the footsteps of Jeff Bezos, who we will talk about later. The Guardian collects the intention of Palantir co-founder Peter Thiel or investor David Sacks to move to other states with a more favorable tax policy such as Texas or Florida. For the majority of these businessmen, these types of taxes discourage innovation, cause capital flight or directly, they consider that the government wastes money on these types of social welfare concepts. One of the most critical tycoons with the tax burdens is Elon Musk, who moved his residence from California to Texas due to the tax pressure. For the CEO of SpaceX and Starlink, taxes on millionaires are stupid: instead they should invest in reaching Mars, declared for the public entity PBS. Jeff Bezos is much less controversial than Musk on his social networks, but his recent move to Florida (which lacks a state income tax) after several decades in Washington has been interpreted as a measure to escape taxes. Ken Griffin, founder of the financial company Citadel, has also gone to Miami after criticize the fiscal policies and security of Chicago (Illinois), his previous residence. Reid Hoffman, founder of LinkedIn, who is a large donor to the Democratic cause, has recently spoken out against this Californian tax alleging which is poorly designed and harmful to innovation. In Xataka | Warren Buffett sold half of his Apple shares. You will now pay taxes equivalent to Spotify’s annual income In Xataka | SpaceX is on track to have more money than NASA. He has achieved this, in part, because he does not pay taxes Cover | NVIDIA

fry them with taxes so they pay for maintenance

October 27, 2025 by usatoday24

we have been counting over the last year: Japan has broken all its visitor arrival records while visibly suffering from the saturation effects tour. The nation’s response has begun in Kyoto in an emblematic way: if they cannot prevent the hordes, the government has thought that they will at least help the social, physical and management costs that their massive presence is generating. A boom that doesn’t fit. Foreign arrivals exceed 30 million in the first nine months of 2025, with a monthly record each month of the year and 3.26 million tourists in September, driving sustained pressure on fragile cities like Kyoto and iconic enclaves like mount fujiwhere “human density” produces mountain traffic jams, waste and safety risks. The demand overwhelms infrastructure and forces us to postpone usual activities (from schools that avoid tripseven the restriction of streets in neighborhoods like Gion) because tourist use is displacing basic civic uses and altering the balance between residents and visitors. The highest tax. The solution? The government has authorized Kyoto to charge from March 2026 to 10,000 yen per person per night in luxury hotels (well above the previous cap of 1,000 yen) within a tiered system that preserves low rates for budget travelers and shifts the burden to higher-income segments. The measure will double municipal income from accommodation from 5.2 to 12.6 billion yen and it is expressly presented as the obligation for tourists to “bear part of the cost of the countermeasures” instead of financing the adjustment only with local taxes. For the luxury traveler, the extra cost is marginal compared to the price of the trip, but for the city it constitutes a stable flow that turns tourist pressure into resource to govern it. From deterrence to sustainability engineering. The funds are intended for reinforce breaking points of the urban system: expanding fleets and transportation corridors to redistribute flows, fund multilingual services, etiquette and behavior control campaigns, and nurture a broader effort to preserve the cultural landscape that makes Kyoto attractive. The city, in fact, already applies disciplinary measures (street fines private Gion, selective closures, explicit signs that it is not “a theme park”) but needs to finance the long-term resilience of that coexistence. The logic is not so much to punish demand but to convert it into an investment in what should not be broken. The Asian laboratory. In reality, what is happening in Kyoto is not a local oddity but a preview of what the communities already face (or will face). global tourism capitals when the growth stop creating well-being net and begins to destroy it: congestion that degrades urban life, social resentment, residential displacementdeterioration of in situ assets and fiscal governance overwhelmed by a phenomenon whose elasticity of demand is much greater than its elasticity of burden. Japan, when encoding a explicit fiscal response (not to expel tourists but to force financial co-responsibility) is setting a regulatory precedent for other cities trapped in the same paradox: tourism cannot continue to be financed by those who suffer from it, it must be financed by those who cause it, or it will end up eroding the asset that justifies its own existence. The paradox of success. In short, the tourism boom persists (21.5 million visitors in the first half of 2025 and 56 million visitors to Kyoto in 2024) with signs that demand will not subside on its own. Hence, the tax does not seek to discourage but rather correct imbalances. A shift that recognizes a structural point: in mature destinations, tourism stops being a kind of “net gift” and becomes an activity that must pay for the maintenance of the urban ecosystem it consumes so as not to destroy it. Image | Pexels In Xataka | Japan has found the three most serious problems with the massive arrival of tourists. And none of it has to do with tourists. In Xataka | In Japan, tourism has become a problem. So they had an idea: give flights to foreigners

Spacex is on its way to having more money than NASA. He has succeeded, in part, because he does not pay taxes

August 21, 2025 by usatoday24

A few weeks ago, Elon Musk made public that Spacex’s income They were on their way to exceed NASA’s annual budgeta milestone that showed the spectacular commercial success of Starlink. Now, an investigation of the New York Times has revealed the least known face of that success: Spacex has been not paying taxes for more than 20 years. The other type of engineering that Spacex makes. Although it is not obliged to present results, because it does not quote on the stock exchange, the company’s internal documents show that Spacex accumulated almost 5.4 billion dollars in tax losses Until the end of 2021. Thanks to US fiscal legislation, these losses can be used to compensate for future benefits, which in practice means that Elon Musk’s company has avoided the payment of billions of dollars in federal taxes on income. The situation is even more favorable for Spacex since 2017 for a change introduced during the first presidency of Donald Trump, which eliminated the 20 -year limit for the use of tax losses. This allows Spacex to apply almost 3,000 million dollars of its losses against future benefits indefinitely. A company that grew with public money. The paradox that is most commented on these days in the American press is that Spacex owes a good part of its growth to NASA contracts and the United States Department of Defense, among other government agencies. Some of these contracts were crucial at the beginning of Spacex. According to an analysis of Washington PostElon Musk companies have received at least 38,000 million dollars in public contracts, loans, subsidies and tax credits in the last two decades. In the case of Spacex, which was founded in 2000, almost all its income came from federal contracts until the arrival of Starlink. In 2020, almost 84% of its income, a figure that in 2021 stood at 76%. The golden eggs. With Starlink, the SpaceX business is more buoyant than ever. The satellite Internet network has more than 6 million subscribers and has become the main source of income of the company, surpassing the rocket division. Thanks to Starlink, Spacex plans to enter 15.5 billion dollars in 2025, a figure that is dangerously approaching the annual NASA budget, which by 2026 is estimated at 18.8 billion. This growth has triggered the SpaceX assessment up to 350,000 million dollars, making it the largest non -quoted company in the United States. But you can still use those tax losses to be exempt from paying taxes.

Fry taxes to empty houses and second residences

January 28, 2025 by usatoday24

Madrid or Barcelona are not the only major European metropolis that They look with trouble his Residential Market. In London they deal with some triggered rentals (some study place the average price in almost 40 pounds by m2), the pressure exerted by the foreign investors and tens of thousands of empty properties. Already in 2023 his mayor, Sadiq Khan, talked about “scandal” which supposes that in the British capital there were 30,000 houses and floors without use while its inhabitants faced “a housing crisis”. To solve it, in London they have Moved file Using one of its great tools: the tax burden. Retouching taxes. The news The newspaper progresses The Telegraph: The authorities of Wandswortha district of London, have decided to update their taxes penalizing those owners who have empty houses and apartments in their territory. To be more precise, to the municipal rates of homes that remain more than a year empty and without furnished will be applied A 100% surcharge. The measure will be adopted from April and confirms the effort of the British authorities for taking the properties that are now unoccupied to the rent or sale market. Until now, in Wandsworth, disuse housing already faced a similar surcharge, but as long as they remained empty for more than two years, a ‘grace period’ that will now be cut in half. More empty time, more paid. A 100% increase is considerable, but those who maintain disused properties for longer will risk much larger penalties. According to The Telepraghthe owners of houses that have been empty for five years will see how that percentage rises to 200% and in the case of the properties that are not used for a decade, it will further shoot, to 300%. The rates will also be more burdensome for those who have second homes, furnished properties but are not used as the main home. In those cases, twice the corresponding municipal tax will be charged, although the standard contemplates Some exceptions. For example, if the owners are conditioned by their work, as is the case with the personnel of the Armed Forces or the caregivers. What is the goal? To tackle the problems of the residential market, which in the case of Wandsworth is also found with particularly low taxes. The British press Precise That with the measure the authorities seek to penalize the abandonment of properties, encourage their owners to sell or rent empty houses and dissuade foreign investors who are made with homes they do not use. “The objective is to ensure that the homes are inhabited or rented. Many people want to live and Wandsworth and we want to use all the powers we can to increase the number of homes in which people can reside,” Aydin Dkerdem explainsLabor councilor. In his opinion, it could even be discussed whether to double the municipal tax does not imply a fiscal burden “high enough. Are there so unoccupied houses? In May 2023 the office of the mayor of London He spoke of around “30,000 empty homes for a long time” and required that the districts of Kensignton and Chelsea presented a particularly high concentration. Only there would be about 1,600 properties with a total value that exceeded 2.2 billion pounds. In Westminster there were around 1,100 homes with a value that, in the market two years ago, was around 1.7 billion pounds. Is there more data? Yes. Action on empty homes assures That the total number of unoccupied housing is much higher and among them includes even social properties, “emptied real estate to allow their demolition and replacement for new houses in ‘neighborhood regeneration’ programs. The Telegraph Precise That with the data of the 33 local authorities of the city on the table, we can speak of around 36,200 empty properties for a long time. And slide another figure to older interests: only in Wandsworth the number of second residences has increased exponentially since 2023, going from just under 600 throughout the district to touch the 1,400 today. “It’s a scandal”. In addition to breaking up data, in mayor of London, Sadiq Khan, has openly complained about the number of properties unused in a city that has seen how their rentals sneaked into the top of The rankings European prices, with clearly forecasts up. “It is a scandal that so many houses so necessary in London are empty in the midst of a housing crisis,” regretted The councilor in 2023 before claiming specific measures and “the return of powers” so that the municipalities can act via taxes. “Not only would it deter absent international investors, but would release homes throughout the capital for Londoners,” I cried. It’s not The first time that the local United Kingdom authorities ask for greater margin to act before empty floors. In fact, the new leveling and regeneration law allows Since 2024 Collect more taxes on unemployed house owners for more than a year. Beyond Wandsworth … and the United Kingdom. Empty homes are not an exclusive problem of London. Action on Empy Homes estimates that in the whole of England they are counted by hundreds of thousands And not a few of them, according to the agency’s estimates, have been in that state for a long time. Hence Wandsworth has not been the only one to move. In Cornwall They have also raised apply severe surcharges to second residences, a measure that has also been put on the table In Wales u Oxford. The newspaper Standard He quotes policies on the same line in Westminster and Hackney, which announced Just a year ago: “Any house that has remained empty for at least 12 months will be charged twice the usual tax rate.” Until then the surcharge was limited to disused houses for more than 24 months. The United Kingdom is not the only one that has moved to loosen the tension of the residential market with the help of unemployed homes. In Brussels, with thousands of empty apartments, they have considered going beyond and … Read more

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