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Author Topic: Proglodyte pissed you don't get charged corporate taxes for your house  (Read 640 times)

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Offline SSG Snuggle Bunny

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Proglodyte pissed you don't get charged corporate taxes for your house
« on: January 03, 2017, 01:03:10 PM »
Another "lower taxes = subsidies" bullshit post...

Quote
portlander23 (2,004 posts)

How Taxpayers Subsidize AirBnBs Cheap Prices
   
 How Taxpayers Subsidize AirBnB’s Cheap Prices
Yves Smith
Naked Capitalism

Quote
A new Financial Times story helps quantify the degree to which AirBnB is ripping off members of the public generally to the benefit of its suppliers and customers.

A significant source of AirBnB’s price advantage in the UK is tax gaming. Commercial properties pay a higher rate of tax than residential. Similarly, AirBnB hosts skirt charging VAT, since the tax applies only on businesses with more than £83,000 in annual revenue. VAT is applicable only to AirBnB’s booking and service charges.

Even though AirBnB has been making concessions to local governments and is collecting hotel and occupancy in more and more communities, but AirBnB users seldom pay the same charges as hotel operators. And the Financial Times analysis shows how much AirBnB depends on tax arbitrage in one of its biggest markets. And that’s before you get to the fact, as a tax maven pointed out, that AirBnB hosts in the US are likely to be under-reporting income.

The ability of AirBnB to operate at all is proof of the success of neoliberal indoctrination. Most communities have strict zoning laws. Renting out your home, even on a part-time basis, is a commercial activity. Most localities ignore violations of that distinction for businesses that don’t generate traffic, such as a bookkeeper or web designer working from their home. But one of the reasons for this distinction was to preserve the integrity of residential communities and keep transients out. But it seems that nothing is to stand in the way of rental extraction in the name of the sharing economy…even when the sharing consists of pilfering from the very communities that cut businesses like AirBnB slack that they do not deserve.
 

It is NOT a subsidy, you greedy little do-nothings.

A subsidy is a payment made to the receiving party.

Paying a lower tax rate is paying a lower tax rate.

You may wish to assume all money is owed to you but it is not. The only thing anybody owes you fascist is a rap in your whiny mouths.

http://www.democraticunderground.com/10028426998

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Offline thundley4

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Re: Proglodyte pissed you don't get charged corporate taxes for your house
« Reply #1 on: January 03, 2017, 01:21:49 PM »
The left always gets tax beaks/incentives confused with subsidies.

Subsidies are what Obama gave to green energy companies. :rant:
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Offline FiddyBeowulf

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Re: Proglodyte pissed you don't get charged corporate taxes for your house
« Reply #2 on: January 03, 2017, 01:36:07 PM »
Once the gubmint starts treating homes just like they do hotels and such for taxes the next step is OSHA and ADA type regulations. Because *** forbid someone making a buck without the gubmint getting a taste and telling them how to run it.

 
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Offline Karin

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Re: Proglodyte pissed you don't get charged corporate taxes for your house
« Reply #3 on: January 03, 2017, 03:09:47 PM »
Quote
The left always gets tax beaks/incentives confused with subsidies.

The same way they equate not free = banned (e.g. birth control).  It's maddening. 
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Offline SVPete

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Re: Proglodyte pissed you don't get charged corporate taxes for your house
« Reply #4 on: January 03, 2017, 03:44:16 PM »
Quote
A new Financial Times story helps quantify the degree to which AirBnB is ripping off members of the public generally to the benefit of its suppliers and customers.

A significant source of AirBnB’s price advantage in the UK is tax gaming. Commercial properties pay a higher rate of tax than residential. Similarly, AirBnB hosts skirt charging VAT, since the tax applies only on businesses with more than £83,000 in annual revenue. VAT is applicable only to AirBnB’s booking and service charges.

I think this goes beyond deceptive into flat out lying.

As I understand it, AirBnB is an advertising and booking app. Home owners wanting to rent their homes for some occasion pay to be listed & booked by the app. The home owners own the homes, and receive the rental fees. AirBnB only receives the listing and booking fees. So AirBnB is not "gaming" the tax system, not "ripping off members of the public generally", not "skirt(ing) charging VAT". They are simply complying with the law. If Libs & Progs don't like it, too bad!
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Millions now living should have died. Anti-Covid-Vaxxer ghouls hardest hit.

Offline SSG Snuggle Bunny

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Re: Proglodyte pissed you don't get charged corporate taxes for your house
« Reply #5 on: January 03, 2017, 04:13:07 PM »
Quote from: thundley4 on January 03, 2017, 01:21:49 PM
The left always gets tax beaks/incentives confused with subsidies.

"confused" implies an innocent error.

It's not innocent. It's a deliberate effort to malign people as grifters.
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Offline ADsOutburst

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Re: Proglodyte pissed you don't get charged corporate taxes for your house
« Reply #6 on: January 03, 2017, 04:52:21 PM »
Quote from: thundley4 on January 03, 2017, 01:21:49 PM
The left always gets tax beaks/incentives confused with subsidies.
Those on the left are masters of such sleights of hand.

If you want something done about illegal immigration, they refer to you as anti-immigrant.

If you want the removal of regulations, or call yourself a "libertarian", you are an anarchist. As for people who actually are anarchists, there seems to be room for them in the big scotchtoberfest tent.
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