Finance:Tax hell
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Short description: Pejorative to refer to countries with very high rates of taxation
A tax hell is pejorative term used in politics to criticize a country's rate of taxation,[1][2] or its onerous tax bureaucracy.[3][4][5] The term has been used by fiscal conservatives and right-wing libertarians to criticize what they regard as oppressive tax policies of countries including Argentina , Belarus , Germany Spain , Haiti, and France .[6][7][8] In some cases, the effective tax pressure is difficult to measure for a comparison.[9]
See also
References
- ↑ Miller, Jay (2015-12-15). "Why Wisconsin remains a tax hell". https://www.badgerinstitute.org/Commentary/Why-Wisconsin-remains-a-tax-hell.htm. "Wisconsin is still a tax hell. Here’s why. To begin with, even accepting the findings above — and I have great respect for the Wisconsin Taxpayers Alliance — ranking 15th out of 50 states in tax burden gives us no reason to brag. It still means that 35 states are more competitive than Wisconsin."
- ↑ Hansen, Nico A.; Kessler, Anke (2001). "The Political Geography of Tax H(e)avens and Tax Hells". American Economic Review 91 (4): 1103–1115. doi:10.1257/aer.91.4.1103. "Ceteris paribus, they prefer to reside in countries with large welfare programs financed by substantial taxation which we call tax hells for obvious reasons.".
- ↑ Franklin, Mary Beth (2007-02-28). "The Beginning of the End of Tax Hell". https://www.kiplinger.com/article/taxes/T056-C000-S002-the-beginning-of-the-end-of-tax-hell.html. "Six years ago, June and Ron Speltz got caught by the alternative minimum tax, which triggered a tax bill of more than $260,000 on income they'd never see. Their fight to change the law finally paid off."
- ↑ Blakely, Lindsay (2011-02-16). "Tax Hell: I Fought the IRS -- and Won". https://www.cbsnews.com/news/tax-hell-i-fought-the-irs-and-won/. "Even though the IRS validated that I had done everything correctly, the experience completely changed how I look at buying things I need for my business. I always ask myself: Will this be questioned? I have a heightened sense of the IRS being involved in my business."
- ↑ Fishman, Stephen (January 2018). Home Business Tax Deductions: Keep What You Earn. Berkeley, California: Nolo. p. 21. ISBN 978-1-4133-2415-0. "Your home-based activity can be a business for tax purposes only if you can show that you are engaged in it to earn a profit, not simply to have fun or pursue a personal interest. If you can't prove a profit motive for the activity, you will be considered a hobbyist and forced to enter tax hell. The IRS has established two tests to determine whether someone has a profit motive. One is a simple mechanical test that looks whether you have earned a profit in three of the last five years. The other is a more complex test designed to determine whether you act like you want to earn a profit."
- ↑ "Haiti in the TOP 10 «tax hells» and last in the Caribbean". https://www.haitilibre.com/en/news-38042-haiti-economy-haiti-in-the-top-10-tax-hells-and-last-in-the-caribbean.html.
- ↑ "La France reste un enfer fiscal" (in fr). 2019-11-07. https://www.lesechos.fr/idees-debats/cercle/la-france-reste-un-enfer-fiscal-1146328.
- ↑ Goudron, Claude (2022-06-05). "Les paradis fiscaux existent car la France est un enfer fiscal" (in fr-FR). https://www.contrepoints.org/2022/06/05/432010-les-paradis-fiscaux-existent-car-la-france-est-un-enfer-fiscal.
- ↑ Barciela, Fernando (2017-02-28). "A tax hell in sight? Europe cuts taxes while Spain opts for hikes". http://thecorner.eu/news-europe/tax-hell-sight-europe-cuts-taxes-while-spain-opts-for-hikes/62339/. "Another hellish idea, which serves to justify-legitimise these tax hikes, is that tax pressure in Spain is low compared with other countries in Europe. Something which is true, only apparently. Spain's fiscal pressure is 34.6% while in Germany it’s 40%, 48% in France and 43.5% in Italy. But the problem is that while the fiscal pressure in northern European countries is more less evenly distributed, this is not the case here."
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