Richard Asquith
@richard-asquith.bsky.social
Tax tech chap. Spreading global fiscal chatter
Liability fears push OpenAI to warn on AI tax advice reliance www.vatcalc.com/global/opena...
OpenAI warns off use of AI as tax advisor - vatcalc.com
In a quiet but significant policy shift, OpenAI has reclassified ChatGPT as an educational tool rather than a consultant, effectively barring the system from
www.vatcalc.com
November 6, 2025 at 11:22 AM
Liability fears push OpenAI to warn on AI tax advice reliance www.vatcalc.com/global/opena...
The AI that lied: fake Polish VAT rulings loses company €4m contract www.vatcalc.com/global/ai-va...
AI VAT hallucinations cost a business a €4m contract - vatcalc.com
Artificial intelligence is being hailed as a revolution in how businesses process information, prepare documents, and handle compliance.
www.vatcalc.com
October 29, 2025 at 10:57 AM
The AI that lied: fake Polish VAT rulings loses company €4m contract www.vatcalc.com/global/ai-va...
So the 1990s gave us the ‘knowledge economy’—and now AI is basically the liquidation sale. Everything must go, including your thoughts
substack.com/@jasquith/no...
substack.com/@jasquith/no...
Embracing the Artifice
Some Thoughts on A.I.
substack.com
October 24, 2025 at 5:49 PM
So the 1990s gave us the ‘knowledge economy’—and now AI is basically the liquidation sale. Everything must go, including your thoughts
substack.com/@jasquith/no...
substack.com/@jasquith/no...
How to raise VAT when you, errrr, promised not to www.vatcalc.com/uk/uk-labour...
UK Labour to widen VAT base at 2025 Budget? - vatcalc.com
On 29 September, UK Chancellor, Rachel Reeves, repeated that the standard VAT rate will not rise in line with the election manifesto promise. But the
www.vatcalc.com
September 29, 2025 at 3:57 PM
How to raise VAT when you, errrr, promised not to www.vatcalc.com/uk/uk-labour...
Russia's defence spending forces VAT hike in 2026 to 22% www.vatcalc.com/russia/russi...
Russia 2026 2% VAT rise to 22% - vatcalc.com
Russia’s Ministry of Finance has put forward a 2% VAT rise to 22% from 1 January 2026. The VAT registration threshold will also be cut from Rub 60 million to
www.vatcalc.com
September 24, 2025 at 12:28 PM
Russia's defence spending forces VAT hike in 2026 to 22% www.vatcalc.com/russia/russi...
Yawn. Speculation on latest desperate & ineffective VAT measure www.vatcalc.com/united-kingd...
UK mulls cutting VAT on domestic fuel: relief or blunt instrument? - vatcalc.com
The UK government is considering scrapping VAT on domestic fuel bills in the 26th November Budget. Chancellor Rachel Reeves has asked officials to examine the
www.vatcalc.com
September 14, 2025 at 10:15 AM
Yawn. Speculation on latest desperate & ineffective VAT measure www.vatcalc.com/united-kingd...
😵💫😵💫😵💫 www.vatcalc.com/uk/uk-to-rai...
UK to slash VAT registration threshold. No, wait, it’s going to hike it - vatcalc.com
At this Autumn’s Budget, the UK Chancellor, Rachel Reeves will need to raise billions to cover an emerging £50 billion fiscal hole that is spoking debt
www.vatcalc.com
September 2, 2025 at 4:51 PM
😵💫😵💫😵💫 www.vatcalc.com/uk/uk-to-rai...
💥 Romania President today signs 2% VAT rise 1 Aug 2025
Happy weekend all lovers of VAT 😍
Happy weekend all lovers of VAT 😍
July 25, 2025 at 5:26 PM
💥 Romania President today signs 2% VAT rise 1 Aug 2025
Happy weekend all lovers of VAT 😍
Happy weekend all lovers of VAT 😍
Reposted by Richard Asquith
A UK wealth tax sounds simple: "tax the super‑rich, fund public services"
But it's not.
Our 16,000 word deep‑dive shows revenues are fragile, it puts growth, investment and jobs at risk, and there's no revenue before 2029.
Here’s the evidence:
But it's not.
Our 16,000 word deep‑dive shows revenues are fragile, it puts growth, investment and jobs at risk, and there's no revenue before 2029.
Here’s the evidence:
July 22, 2025 at 8:15 AM
A UK wealth tax sounds simple: "tax the super‑rich, fund public services"
But it's not.
Our 16,000 word deep‑dive shows revenues are fragile, it puts growth, investment and jobs at risk, and there's no revenue before 2029.
Here’s the evidence:
But it's not.
Our 16,000 word deep‑dive shows revenues are fragile, it puts growth, investment and jobs at risk, and there's no revenue before 2029.
Here’s the evidence:
Reposted by Richard Asquith
Some of the legal proposals for the next EU multi-year budget are now published - own resources and MFF proposals (scroll down) - commission.europa.eu/strategy-and...
EU budget 2028-2034
The main aspects of the EU’s long-term budget for 2028-2034, its revenue and spending areas, as well as factsheets on key aspects are available on this page.
commission.europa.eu
July 16, 2025 at 7:36 PM
Some of the legal proposals for the next EU multi-year budget are now published - own resources and MFF proposals (scroll down) - commission.europa.eu/strategy-and...
How to raise VAT when you said you wouldn't www.vatcalc.com/uk/uk-labour...
UK Labour to widen VAT base at 2025 Budget? - vatcalc.com
The UK's Chancellor may opt at this late-October's 2025 budget to raise much-needed funding by changes to the nil-rating and reduced 5% rates. Fresh debate
www.vatcalc.com
July 16, 2025 at 5:08 PM
How to raise VAT when you said you wouldn't www.vatcalc.com/uk/uk-labour...
EU rejects Italian tax speculative VAT assessments on free social media platform services www.vatcalc.com/italy/italy-...
EU VAT Committee disagrees with Italy's Meta, X & LinkedIn barter VAT stance - vatcalc.com
On 14 May 2025, EU's VAT Committee disagreed with Italy's interpretation of the right to assess VAT on the 'barter' exchange of free use of digital social
www.vatcalc.com
July 8, 2025 at 11:19 AM
EU rejects Italian tax speculative VAT assessments on free social media platform services www.vatcalc.com/italy/italy-...
Germany comes out punching: drawing-up 10% Digital Services Tax. In Feb, President Trump launched review of such discriminatory taxes, with tariff threat www.vatcalc.com/germany/germ...
Germany 10% Digital Services Tax proposal - vatcalc.com
The new Merz Federal government is considering a 10% levy on large digital platforms such as Google and Meta. In the current global tax regime, such digital
www.vatcalc.com
May 30, 2025 at 12:39 PM
Germany comes out punching: drawing-up 10% Digital Services Tax. In Feb, President Trump launched review of such discriminatory taxes, with tariff threat www.vatcalc.com/germany/germ...
This will nearly double the price of my next stylish pair of pants www.vatcalc.com/eu/eu-mulls-...
EU proposes €2 e-commerce import handling fee - vatcalc.com
As part of the 2028 EU Customs reform negotiations, the European Commission has issued an informal paper proposing a €2 customs administration charge on
www.vatcalc.com
May 20, 2025 at 6:48 PM
This will nearly double the price of my next stylish pair of pants www.vatcalc.com/eu/eu-mulls-...
EU's to review Italy's questions on LinkedIn, X & Meta/Facebook VAT liabilities on 'free' access to their platforms in exchange (barter) for users' data www.vatcalc.com/italy/italy-...
Italy Meta, X & LinkedIn barter VAT question to EU VAT Committee - vatcalc.com
16 April 2025: Italy has requested from the VAT Committee (the EU's non-binding advisory group) an opinion on the VAT liabilities on 'free' social media
www.vatcalc.com
May 19, 2025 at 6:43 PM
EU's to review Italy's questions on LinkedIn, X & Meta/Facebook VAT liabilities on 'free' access to their platforms in exchange (barter) for users' data www.vatcalc.com/italy/italy-...
#AI is mopping-up VAT fraud www.vatcalc.com/malta/artifi...
Artificial Intelligence picks up millions in VAT fraud - vatcalc.com
Malta has confirmed that in 2024 it collected an impressive €650 million more in tax compared to the previous year. Most of this increase was directly
www.vatcalc.com
May 15, 2025 at 5:17 PM
#AI is mopping-up VAT fraud www.vatcalc.com/malta/artifi...
EU threatens to reheat Digital Services Tax proposal as leverage to Trump tariffs. (Although I’m not sure of mechanism? ‘Enhanced Cooperation’? www.vatcalc.com/eu/european-...
EU may revive Digital Services Tax proposal - vatcalc.com
The European Commission President, Ursula von der Leyen, has raised the prospect of restarting discussions between the EU 27 member states on a pan-EU 3%
www.vatcalc.com
April 15, 2025 at 7:44 PM
EU threatens to reheat Digital Services Tax proposal as leverage to Trump tariffs. (Although I’m not sure of mechanism? ‘Enhanced Cooperation’? www.vatcalc.com/eu/european-...
🥳 🎉 Happy b'day VAT! It's had one or two detractors this year; but still looks wonderful for its age in 175 countries www.vatcalc.com/uncategorize...
Happy 71st Birthday to VAT - vatcalc.com
Value Added Tax turns 71 today, 10th April 2025. It was first introduced in April 1954 in the French colony of Ivory Coast. Then VAT was implemented in
www.vatcalc.com
April 10, 2025 at 5:09 PM
🥳 🎉 Happy b'day VAT! It's had one or two detractors this year; but still looks wonderful for its age in 175 countries www.vatcalc.com/uncategorize...
Happy weekend all VAT lovers 😍
April 4, 2025 at 6:35 PM
Happy weekend all VAT lovers 😍
Digital Service Taxes - closing offshore tax loophole or illegal service import tariffs in disguise? www.vatcalc.com/global/are-d...
Are Digital Services Taxes good taxes? - vatcalc.com
Digital Services Taxes are the newest, and possible to newest extinct, class of taxation. President Trump signed in February an order to investigate
www.vatcalc.com
April 2, 2025 at 6:35 PM
Digital Service Taxes - closing offshore tax loophole or illegal service import tariffs in disguise? www.vatcalc.com/global/are-d...
Bolt ride-sharing today wins VAT ruling. Could spill over to gig employment taxes obligations www.vatcalc.com/united-kingd...
UK Bolt ride-hailing wins TOMS VAT hearing - vatcalc.com
A UK's Upper Tribunal has 24 March 2025 rejected HMRC's appeal to block ride sharer Bolt from using TOMS. The case centred on whether Bolt’s app-based
www.vatcalc.com
March 24, 2025 at 8:50 PM
Bolt ride-sharing today wins VAT ruling. Could spill over to gig employment taxes obligations www.vatcalc.com/united-kingd...
UK ministers with Peter Mandelson scramble for Digital Services Tax compromise to avoid US retaliatory tariffs www.vatcalc.com/united-kingd...
UK to limit Digital Services Tax under US pressure - vatcalc.com
The UK government is reviewing its Digital Services Tax (DST) as it seeks to persuade the Trump administration not to impose new tariffs on the UK. Ministers
www.vatcalc.com
March 23, 2025 at 9:09 AM
UK ministers with Peter Mandelson scramble for Digital Services Tax compromise to avoid US retaliatory tariffs www.vatcalc.com/united-kingd...
Reposted by Richard Asquith
Incredibly good historical account of land taxes and why they failed under Lloyd George
worksinprogress.co/issue/the-fa...
Note to self: read more Works in Progress!
@watlingsamuel.bsky.social is the author I think
worksinprogress.co/issue/the-fa...
Note to self: read more Works in Progress!
@watlingsamuel.bsky.social is the author I think
The failure of the land value tax - Works in Progress
Land value taxes are once again becoming a popular all-purpose solution to housing issues. But implementing them in early 1900s Britain destroyed the then-dominant Liberal Party.
worksinprogress.co
March 22, 2025 at 9:40 AM
Incredibly good historical account of land taxes and why they failed under Lloyd George
worksinprogress.co/issue/the-fa...
Note to self: read more Works in Progress!
@watlingsamuel.bsky.social is the author I think
worksinprogress.co/issue/the-fa...
Note to self: read more Works in Progress!
@watlingsamuel.bsky.social is the author I think
Poland risks US tariff retaliation as it mulls full DST, interpreted by new White House admin as discriminatory against US its digital giants www.vatcalc.com/poland/polan...
Poland to upgrade Digital Services Tax - vatcalc.com
Poland’s Finance Minister has indicated that a full Digital Services Tax, similar to those in operation in France and the UK, will be implemented. This
www.vatcalc.com
March 19, 2025 at 1:11 PM
Poland risks US tariff retaliation as it mulls full DST, interpreted by new White House admin as discriminatory against US its digital giants www.vatcalc.com/poland/polan...