Tax Information
The G-8 Clamps Down on Tax Evasion, But Critics Say Plan Falls Short
Leaders of the G-8 nations have agreed on a series of measures designed to clamp down on tax evasion and tax avoidance. A communiqué released from the summit of eight of the world’s largest economies sets out 10 points aimed at promoting “fair taxes” and “increased transparency,” including that shell companies (companies which serve as a vehicle for business transactions without having any ...
Internet Sales Tax Bill Finds Few Friends in the House
Senate-backed online sales tax bill finds itself on shakier ground in the House.
NC Senate delays final vote on tax overhaul
The North Carolina Senate delayed a final vote on a tax overhaul plan Tuesday to work out differences with House members and Gov. Pat McCrory. Senate Leader Phil Berger, R-Rockingham, said the scheduled ...
G8 wraps with progress on tax evasion - but not on Syria
The sun came out at Lough Erne Resort in Northern Ireland today, the last day of the G8 summit, as leaders of the group announced they have agreed on new measures to clamp down on money laundering, illegal tax evasion, and – one of the political hot buttons of the day – corporate tax avoidance.
Spanish royal tax fraud case founders on mistaken identity
By Fiona Ortiz MADRID (Reuters) - A fraud investigation of Spain's Princess Cristina was thrown into disarray on Tuesday when the Tax Agency said it had been mistaken in reporting she had been the seller of 1.4 million euros ($1.87 million) worth of properties. Cristina, daughter of King Juan Carlos, is under investigation for alleged tax fraud as part of a wider corruption probe against her ...
G8 pledges action on tax evasion, few concrete measures
By William Schomberg and Jeff Mason ENNISKILLEN, Northern Ireland (Reuters) - The world's rich economies said they would take a tougher stance on fighting money laundering and tax evasion but promised little in the way of specific new action at the end of a two-day summit on Tuesday. The Group of Eight leaders signed up for a string of aims including improved transparency about who owns shell ...
Uganda plans to give tax authority easier access to bank accounts
By Elias Biryabarema KAMPALA (Reuters) - Uganda, under pressure to boost tax receipts, plans to amend banking laws to give the state revenue collector greater access to depositors' bank accounts to verify tax compliance. Currently, tax authorities can only gain access to bank accounts of a firm or individual through a court order. "Companies must comply with their tax obligations ... if there's ...
Businesses Beware: Hidden Sales Tax Implications for Companies Operating Online
There are new, hidden sales tax implications for businesses operating on the Internet. Many states are now classifying data that's being sold through the "cloud" as personal property and are ...
Tax avoidance sinful, says Sentamu
Tax avoidance is "sinful" and tantamount to robbery, one of the UK's most senior clerics says as G8 leaders prepare to discuss the issue.
Conservatives Reach Common Ground On A Carbon Tax, And That's The Problem
A much-anticipated carbon tax debate in Washington D.C. last Thursday brought some much needed clarity to assertions that conservatives should or indeed do support a carbon tax. The timing of the debate couldn’t have been better, as Senate leaders announced on that same day the Senate will hold hearings on a carbon tax next month.
Amazon calls new tax 'unconstitutional,' cuts ties with Minnesota ...
Online retailing giant Amazon.com is cutting ties with its small business partners in Minnesota, due to a new state sales tax requirement that kicks in at the end of the month.
New tax district brings streetcars in Minneapolis one step closer ...
It's been nearly 60 years since streetcars last ran on tracks in Minneapolis, but they could once again roll through the city's busiest corridors.
What do you think about the death tax? keep? get rid of it ... - Gretawire
Media Alert*** Bicameral, Bipartisan Press Conference on Death Tax Repeal Bill – TOMORROW WASHINGTON, D.C.—Senator John Thune (R-S.D.) and Representative Kevin Brady (R-Texas) will hold a press conference ...
(Un)burdening the existing taxpayers: Senate panel recommends ...
Reminds Dar of his proposal to broaden tax base instead of increasing taxes.
G-8 promises to tackle tax cheats | FOX6Now.com
LONDON (CNNMoney) -- The world's major developed economies committed Tuesday to step up efforts to make individuals and companies pay the taxes they owe.
CBO | Testimony on Means-Tested Programs and Tax Credits for ...
Testimony by Jeffrey Kling, Associate Director for Economic Analysis, before the Subcommittee on Human Resources, Committee on Ways and Means, U.S. House of RepresentativesThis testimony reprises the summary and ...
MEPs call for wide-ranging transaction tax | European Voice
Economic committee backs European Commission position.
“Obama-Phones” Being Used To Buy Drugs – YOUR Tax Dollars At ...
... (VOTE BUYING) program. These phones are now being used to buy drugs, among other things. (Methinks the Obama IRS will not lift one finger to investigate this massive waste and abuse of American tax dollars…) ...
Trussville considering possibility of 7 mil property tax increase for 2 ...
TRUSSVILLE, Alabama -- Trussville officials are considering the possibility of asking residents to approve a 7 mil property tax increase to fund construction of two new elementary schools. The idea was discussed Monday ...
Osborne, the G8, tax transparency and high street retailers ...
The UK hopes to “lead the way” on transparency by creating a central register of company ownership – although it may only be available to the tax authorities rather than the general public. By getting a deal on “beneficial ...
DFL lawmakers hint that some sales tax increases may go away ...
Some Minnesota businesses affected by a new sales tax expansion are complaining loudly about the recently passed law, and they want to see parts of it repealed next year.
North Carolina politician says no teachers income tax | The Daily ...
June Atkinson, North Carolina's superintendent of public instruction, recommended income tax exemption for public school teachers.
Oak Grove couple sentenced for $800K in tax refund fraud ...
An Oak Grove couple will go to prison for a scheme that netted them about $800000 in federal income tax refunds they didn't deserve.
New recommendation for litter tax funds | WPRI.com
Money raised from a tax on restaurants that sell takeout was intended to fund recycling efforts but is instead being used to support general government operations.
Hungary: a little extra tax for the kitty | beyondbrics - Blogs - FT.com
beyondbrics, from the Financial Times, brings news and comment from more than 40 emerging economies, headed by China, India, Brazil, Russia, Mexico, Indonesia and South Africa. We cover politics and economics, ...
A new cross-border tax-haven database and its significance ...
The International Consortium of Investigative Journalists hit the mother lode when it published the first of its dozens of exposés on the off-shore tax-haven business back in April. The series, based on the mammoth database ...
Taxation Vexation: Tax appeals frequently lead to dead ends
Taxation Vexation: Tax appeals frequently lead to dead ends ,Fewer than 1 percent of Maricopa County homeowners have challenged their residential valuations in recent years, records show. Those who did appeal typically ...
Reform of the Tax Code-Becker - The Becker-Posner Blog
The federal tax code is a mess from any economic perspective. It is not efficient, fair, or clear. A complete set of suggestions to improve the tax system would take hundreds of pages, as did the excellent 2005 Report of the ...
Tax Reform—Posner - The Becker-Posner Blog
There is a good deal of dissatisfaction with the federal tax system (the state and local systems as well, but I'll confine my attention to the federal). Most proposals for reform, however good in theory, are totally impractical from a ...
Celebrating the Federal Gas Tax | Planetizen: The Urban Planning ...
Tax attorney Kelly Phillips Erb pens a colorful narrative upon the 81st birthday of the federal gas tax, showing the interesting history of this now controversial tax. It began on June 6, 1932 to close general budget gaps, not build ...