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This is why you need to compartmentalize your physical self into separate sections.
where you physically live and where you generate your revenue and where you keep your assets.
it is of my opinion that this country will thru the same phases that the U.S. had gone thru with the IRS abuses.
The tax man cometh with lots of new rules and fines
By the A.M. Costa Rica staffTax collectors have new rules, and individuals who pay taxes or manage corporations face penalties that the public accountant association says have increased drastically.
The new rules, issued in April, also allow tax collectors to go back 10 years to check for errors or irregularities if they consider the tax filings to be inconsistent or fraudulent.
In case tax investigators allege a fraud of 199,900,000 colons ($357,000) or more, the case goes directly to prosecutors, and the taxpayer faces from five to 10 years in prison, if convicted, the association said.
The Colegio de Contadores Públicos de Costa Rica outlined the changes in announcing a free, public seminar for business executives and independent workers. The seminar is in the campus of the Colegio de Abogados in Zapote Wednesday at 9 a.m. The organization noted that for many the tax year ends on the last day of September.
There is at least one change that Guillermo Smith, president of the Colegio de Contadores Públicos, considers to be abusive. Under the new regulations, when auditors of the Dirección General de Tributación find that income was understated or disallow some expenses, the individual or company has just 30 days to pay the new tax assessment. If not, the tax agency can embargo assets. The abusive part, according to Smith, is that the taxpayer has to pay the disputed amount before filing an appeal, according to a summary by the accountancy organization.
Smith was quoted saying he considers this abusive because the demand for a substantial sum by the tax agency could make the individual or firm involved financially insolvent.
That would be true even if the individual or company later wins its appeal with the tax agency.
Penalties have increased, the organization noted. In the past, a taxpayer was assessed 25 percent of the underpayment as a fine if there were no deceit and 75 percent if deceit or fraud were found. That was in addition to paying the taxes owed. The current fine is 50 percent of the understated amount if the case is considered levy or light. The fine is 100 percent if the case is considered grave or serious, and 150 percent if it is very serious or muy grave.
tax cheatAnd then of course, is the possibility of prison for the most serious violations.
The summary also noted that tax investigators have the right to ask a judge to get access to bank accounts if they have a solid argument. That way investigators will obtain a list of income to verify against what the taxpayer has reported.
The current interest stipulated on unpaid amounts is 12.74 percent a year, the summary said.
The new regulations increase the tax years into which investigators may look. In the past, investigators could only go back five years, even in serious cases. Now the maximum is 10 years. That would seem to mean taxpayers should keep their files that long.
The regulations were authorized by Ley 9069, which went into effect in September 2012.
The tax agency is under pressure to reduce what many believe is rampant fraud in tax filings. This is a critical aspect of the new government’s effort to reduce the country’s deficit.
If you have the time, you may wish to read the 92 page OECD report on the [url=http://www.oecd.org/ctp/exchange-of-tax-information/automatic-exchange-financial-account-information-common-reporting-standard.pdf]Standard for Automatic Exchange of Financial Account Information[/url]
[quote=”Scott”]If you have the time, you may wish to read the 92 page OECD report on the [url=http://www.oecd.org/ctp/exchange-of-tax-information/automatic-exchange-financial-account-information-common-reporting-standard.pdf]Standard for Automatic Exchange of Financial Account Information[/url]
[/quote]
Scary info. One has to wonder why they want ACCOUNT BALANCES…. I can understand income reports (interest/dividends) for the sake of catching those not reporting offshore income… but they want total account balances. That should be a big red flag as to where this is headed…. not being paranoid… just watch history repeat itself over and over!
[quote=”Scott”]Just because we’re paranoid doesn’t mean that they’re not out to get us…[/quote]
I like to say… Paranoia is the UNFOUNDED fear that others are out to get you…. when people ARE out to get you…. you’re just more perceptive than most folks!
I suspect this latest step has more to do with a “bail in” or claw back when the poop hits the fan rather than seeking tax compliance. One of many small innocuous steps that have been undertaken over the last several years that have an endgame in mind!
[quote=”sweikert925″]Pay all taxes you are legally required to pay. Problem solved.*
*And as a favor to the rest of us, please stop whining about it.[/quote]
Spoken like a good little sheep…. but remember Steve… when Hitler was rounding up the Jews and all the other folks he didn’t like, taking their possessions, crowding them into ghettos, or loading them on to trains for concentration camps to be executed… they were just following what they were LEGALLY required to do. So how did that work out my friend? I guess you wouldn’t have had a problem with that either? That is as long as it didn’t impact you….
An extreme example perhaps…. but remember…. Hitler was first ELECTED…. and the end result of his actions…. be they extreme were the end result of a series of small steps. Most folks are rather myopic… never having a clear vision of what awaits in the distance. It takes time and thought to see off into the distant future….
Or perhaps an American history reference… were Washington and our nation’s founders just a bunch of disobedient WHINERS for revolting against what they saw was a system of tyranny and unfairness?
Ignoring governments out of control doesn’t make them any better…. it just empowers them to make more bad choices.
Come now Steve… I can’t wait for the hammer to fall in Chicago and Illinois and see how you feel then. LOL
Now it’s time for another coffee and out to the deck to enjoy the hummingbirds and Toucans. You better get back to work before the boss sees you stealing time…. the CEO needs another Benz!
Sounds fair to me…. lots of sheep making that compensation package possible…. would you like to defend it as being fair? LOL
[quote=”sweikert925″]Pay all taxes you are legally required to pay. Problem solved.*
*And as a favor to the rest of us, please stop whining about it.[/quote]
Sweikert
spoken like a good sheeple.. 😀 :roll::roll::roll: does it not get uncomfortable being in that bent over position so often?? has to put a strain on your lower lumber region
Imxploring
100% correct!! Hitler was indeed elected and you know those germans are not stupid people to begin with..
having my first cup of freshly grounded coffee.. what a beautiful morning here in heredia..
life is great!!!!
[quote=”Imxploring”][quote=”sweikert925″]Pay all taxes you are legally required to pay. Problem solved.*
*And as a favor to the rest of us, please stop whining about it.[/quote]
Spoken like a good little sheep…. but remember Steve… when Hitler was rounding up the Jews and all the other folks he didn’t like, taking their possessions, crowding them into ghettos, or loading them on to trains for concentration camps to be executed… they were just following what they were LEGALLY required to do. So how did that work out my friend? I guess you wouldn’t have had a problem with that either? That is as long as it didn’t impact you….
An extreme example perhaps…. but remember…. Hitler was first ELECTED…. and the end result of his actions…. be they extreme were the end result of a series of small steps. Most folks are rather myopic… never having a clear vision of what awaits in the distance. It takes time and thought to see off in the distance….
Or perhaps an American history reference… were Washington and our nation’s founders just a bunch of disobedient WHINERS for revolting against what they saw was a system of tyranny and unfairness?
Ignoring governments out of control doesn’t make them any better…. it just empowers them to make more bad choices.
Come now Steve… I can’t wait for the hammer to fall in Chicago and Illinois and see how you feel then. LOL
Now it’s time for another coffee and out to the deck to enjoy the hummingbirds and Toucans. You better get back to work before the boss sees you stealing time…. the CEO needs another Benz![/quote]
[quote=”sweikert925″]Pay all taxes you are legally required to pay. Problem solved.*
*And as a favor to the rest of us, please stop whining about it.[/quote]
[b]http://en.wikipedia.org/wiki/Sheeple[/b][size=200][/size] :arrow::!::!::!::!::!:
Not to get away too much from the topic which is that whenever governments get into fiscal problems, they go after the “sheep” which are more numerous and I count myself in. That being said, the whole western world and in particular the United States, is about to experience the German Weimar period. By this I mean that the choice that the German people had in 1933 was outright Socialism-Communism, or National Socialism under Hitler. Of course, there were deeper causes like International Banksterism which Hitler correctly identified and tried unsuccessfully to correct. This is the same choice we have today, only the banksters control both sides. Just like in 1933.
[quote=”sweikert925″]Pay all taxes you are legally required to pay. Problem solved.*
*And as a favor to the rest of us, please stop whining about it.[/quote]
Wow….I guess if they make a law requiring you to turn over 50% of your income for taxes, you would be ok with that as well? Or if they take 100% of your wages and distribute it as they see fit your ok with that too? I guess you would be because that would be the law.
You should really start to think for yourself Stevie…”as a favor to the rest of us”. But I guess some folks are just not capable of thinking for themselves, doesn’t it get old always having someone tell you what to think? Do you have someone order for you in a resturant as well?
[quote=”sweikert925″][quote=”Imxploring”]…when Hitler was rounding up the Jews…[/quote]
[i]”Make people use leashes when they walk their dogs, and pretty soon they’ll wind up in gas chambers.”
“Make people obey speed limits, and pretty soon they’ll wind up in gas chambers.”
“Make people pay their legally due taxes, and pretty soon they’ll wind up in gas chambers.”[/i]
Your analogy is both ludicrous and DEEPLY DEEPLY offensive to those who actually DID wind up in gas chambers. The fact that your mind even equates the two says something about you which is NOT to your credit.[quote=”Imxploring”]…were Washington and our nation’s founders just a bunch of disobedient WHINERS.[/quote]
Washington et al were fighting for the right to make their own decisions as to how they were governed. Up to that point they had no say in that. You, however, DO have a say – you can vote, donate to candidates who share your views and even run for office yourself. If the elected representatives consequently make decisions that you personally disagree with, TOO DAMN BAD. You had a chance to influence how things are run and if you couldn’t get enough people to agree then STOP WHINING ABOUT IT.You ain’t no Washington. He didn’t spend his days sitting around the local tavern bitching about taxes.
Little Timmy, age 4: “Ooh, Mommy, I don’t WANNA eat my spinach, it’s ICKY! And that mean old Tommy keeps PICKING on me! Bwah, Bwah, Bwah!”
Not so little Timmy, age 54: “Ooh, anyone within earshot, I don’t WANNA pay my taxes, it’s UNFAIR! And that mean old government keeps PICKING on me! Bwah, Bwah, Bwah!”
Just what good does whining about your taxes over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over again do?
(See how annoying it is when someone repeats himself like that?)
[quote=”Imxploring”]You better get back to work before the boss sees you stealing time..[/quote]
Check the time of my previous post. I work a lot of hours (typically 50-55 per week) but I am not at work at 5 AM, nor at 5 PM when I am posting this comment. Of course that has nothing to do with the topic under discussion but you just can’t help yourself with that kind of pettiness can you?[/quote]
Come now Steve… The topic and discussion was about the changes (international agreements) that allow governments to see WHAT YOU HAVE AND WHERE YOU HAVE IT…. NOT a word about taxes. That was the issue and the topic we’re talking about.
And please Steve…. When you get upset…. Just take your ball and bat and go home. None of us will mind. If we needed a poster boy for how government is helping us and everything they do is on the up and up, and we have nothing to fear we’ll just watch one of Barry’s speeches… Then again even the little people like Ed Snowden can bring about change and awareness…. All without voting or contributing to a politician with “new” ideas and all the answers.
Remember… Short of a military take over ALL dictatorships started as elected governments. It’s the changes they make once in power that you need to watch. Hugo and Danny are good examples… Zelaya in El Salvador is another good example… But the people got smart and put him on a plane at gun point to stop his games from playing out.
I wonder how Washington would have felt if all colonist were required to disclose all their assets to 40 other governments…. What could go wrong!
sweikert925
Its good to see that you work 55 hours per week.. this shows you have some sort of a work ethic..
regards to whining
I see discussion regarding taxes and the direction of this country with regards to them. I don’t whine as I have already restructured my corporate self in a situation where I don’t pay any taxes.. aside from consumption and assets held.
8)8)
[quote=”sweikert925″][quote=”Imxploring”] The topic and discussion was about the changes (international agreements) that allow governments to see WHAT YOU HAVE AND WHERE YOU HAVE IT…. NOT a word about taxes.[/quote]
The title of the thread is “The tax man cometh with lots of new rules and fines” but it’s not about taxes. Um, OK. LOL[/quote]
You’ll notice my comments and concerns were in response to Scott’s posting the link to the OECD agreement which provides for the standards of the AUTOMATIC exchange of financial information between the participating countries. Note that probable cause or court order is NOT required for the parties to share information on your account balances and transactions. THIS is the concern I addressed…. and looking over my prior postings you’ll notice the word taxes was never used.
So Steve what’s your feeling on being subjected to unreasonable searches of your assets and finances where criminal conduct is not alleged or suspected…. just an automatic “exchange” of what you have and where you have it. Looks like a fourth amendment issue that is being sidestepped. Seems that obtaining the same information on a US held account by law enforcement within the US would require court action and probable cause.
What do you think the signatories of this agreement have in mind? Tax cheats? Terrorist? Or perhaps something much more basic as I had mention in a prior posting in this thread. They need to eventually have people “bail in” the system that they have allowed themselves to become part of. And remember folks it’s a two way street when the politicians in CR need to know how much you have for their needs to fund the system (General taxes and CAJA contributions)… both total assets and income (in the reportable accounts) will be available to them since the required reporting (via FATCA/OECD) of “transactions” would include your total income (pension, annuity, and other income) flowing through your US bank accounts as well as accounts held in CR.
As a US citizen I have an expectation of privacy under the US constitution. Why is it that the US government feels they can wave that right on my behalf to ANY of the counties that are part of FATCA/OECD?
Paranoia… no… just a real concern that our rights of privacy are being removed rather quickly.
[quote=”sweikert925″][quote=”Imxploring”]What do you think the signatories of this agreement have in mind? Tax cheats? Terrorist[s]?[/quote]
Yes and yes. Also others who are engaged in illegal activities such as drug dealing. [/quote]
The government is trampling on our rights stated in The Rights To Financial Privacy Act of 1978.
The Right to Financial Privacy Act of 1978 protects the confidentiality of personal financial records by creating a statutory FOURTH AMENDMENT protection for bank records. The Act was essentially a reaction to the U.S. Supreme Court’s 1976 ruling in United States v. Miller, where the Court found that bank customers had no legal right to privacy in financial information held by financial institutions. 425 U.S. 435 (1976). Generally, the RFPA requires that federal government agencies provide individuals with a notice and an opportunity to object before a bank or other specified institution can disclose personal financial information to a federal government agency, often for law enforcement purposes.
The RFPA states that “no Government authority may have access to or obtain copies of, or the information contained in the financial records of any customer from a financial institution unless the financial records are reasonably described” AND THE CUSTOMER AUTHORIZES ACCESS; there is an appropriate administrative subpoena or summons; there is a qualified search warrant; there is an appropriate judicial subpoena; or there is an appropriate written request from an authorized government authority. The statutes requires that the requesting federal government agency must give the customer advance notice of the requested disclosure from the financial institution, thus giving the customer opportunity to challenge the government’s access to the records before the disclosure takes place.
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