People Power Party calls for abolition of Reconstruction Excess Profit Recovery System, citing market realities and urging Democratic Party to join efforts
#YonhapInfomax #ReconstructionExcessProfitRecovery #PeoplePowerParty #KimSangHoon #TaxEquity #MarketRealities #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=61495
South Korean government initiates legislative process to transition from estate tax to inheritance acquisition tax system, aiming to improve tax equity while facing concerns over potential wealth inequality.
#YonhapInfomax #InheritanceTax #TaxReform #LegislativeNotice #WealthInequality #TaxEquity #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=54653
Government Announces Legislative Notice for 'Inheritance Acquisition Tax' Transition

South Korean government initiates legislative process to transition from estate tax to inheritance acquisition tax system, aiming to improve tax equity while facing concerns over potential wealth inequality.

Yonhap Infomax
"Over the past 6-12 months, sponsor equity hurdle rates have increased ~150bps. Sponsors, being subordinate in the capital stack, adjusted their returns later in response to rising costs and interest rates. #Taxequity and debt have largely remained stable since H2 2023." https://bit.ly/3YPBirp #solar #cleanenergy #projectfinance

President Biden, please stop this Trump wanna-be. #taxtherich #TaxEquity

Elon Musk Has a Giant Charity. Its Money Stays Close to Home. https://www.nytimes.com/2024/03/10/us/elon-musk-charity.html?smid=nytcore-android-share

Elon Musk Has a Giant Charity. Its Money Stays Close to Home.

After making billions in tax-deductible donations to his philanthropy, the owner of Tesla and SpaceX gave away far less than required in some years — and what he did give often supported his own interests.

The New York Times

If you want to fix both the double-taxation problem and inequity in the tax code then tax the rich more because for too many of them are paying a far low rate than the majority. Living off dividend income taxed at a paltry 20% or funneling all expenses through personal corporations, not to mention using off-shore tax shelters lets too many of them live almost tax free. Just like Trump.

If you're worried about the rich institute a wealth tax!

#wealthtax #taxequity

An entertaining and (relatively) accessible explanation of how tax equity financing for renewable energy works, why it might stop working in the near future (changes in bank capital requirements related to tax-equity deals) and, indirectly, why it would probably be better if this was all just done a simple low-interest loan facility instead.

From @matt_levine (unfortunately paywalled, but his newsletter is free and amazing)

https://www.bloomberg.com/opinion/articles/2024-01-29/financial-engineering-for-green-energy

#EnergyTransition #Finance #TaxEquity

Financial Engineering for Green Energy

Also AI and competition, and a Byju’s rights offering.

Bloomberg