Trump and Musk’s DOGE purge sees 6,700 IRS staff fired

[marioIT]

"Under declare goods value", pretty much what happened till now... millions of small packages coming in, and they are checking just one out of a thousands, maybe even less...

France to tax small parcels from China amid tariff fallout fears

The charge was announced by public accounts minister Amelie de Montchalin amidst international concerns that tariffs imposed by US President Donald Trump could force more Chinese goods into other markets.

The European Commission this year recommended ending tax free entry for packages worth less than 150 euros ($170). Some 4.6 billion packages falling into the tax-free bracket entered the EU in 2024, according to official figures. More than 90 percent came from China. About 800 million entered France.

France's Confederation of Small and Medium Enterprises (CPME) on Tuesday called for a "state of emergency" to counter the "invasion" of small packages bought online.

 

[Davis123]

Ahh yes you just made me remember. The last time I was looking to order stuff on alibaba the seller asked me what price I wanted writtten on the invoice . He said he could label the body products "Samples" and put the value at $1 if I wanted. I bailed on seller as customs where I am dont play. So I am sure smuggling will occur especially during desperate times. This is why they would need more IRS agents as smuggling and fraud may get out of control.

They are letting go of them. Maybe with AI they will track people and their stuff. 1984 book and movie is becoming all true now

 

[polonieth]

Index/ETF	Mar 31 Close	Apr 30 Close	% Change
S&P 500	5,611.85	5,569.06	-0.76%
Nasdaq 100	19,278.45	19,544.95	+1.38%
Nasdaq Composite	17,299.29	17,446.34	+0.85%
Dow Jones	42,001.76	40,669.36	-3.18%
Russell 2000	2,011.91	1,964.12	-2.38%
Shanghai Composite	3,335.75	3,279.00	-1.70%
CSI 300	3,775.83	3,770.57	-0.14%
Hang Seng	23,119.00	22,783.00	-1.45%
KWEB ETF	32.10	31.80	-0.93%

I think people are buying into clickbait clowns and CCP propaganda. Remember all the talk early April? lol. It stayed flat or even small ups.

 

[Martin Everson]

I would personally not use the stock market as a barometer of economic wellness. It is easily manipulated i.e Trump social media posts as we seen in past volatility or CCP sovereign wealth funds buying up Chinese shares to support the market etc.

I would look at more empirical economic data such as the contraction in GDP (-0.3% in first quarter) and debt issuance etc.