Thursday, January 4, 2018

Google Alert - tax

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tax
Daily update January 4, 2018
NEWS
A Phoenix-area city's use of tax breaks on two local developments is under investigation. Jan. 3, 2018 ... Leach's concerns revolve around the city's use of tax incentives called government property lease excise tax, or GPLET. ... Leach contends Tempe is charging the two developments too low a tax rate.
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Gov. Andrew M. Cuomo (D-N.Y.) said Wednesday that New York state will sue the federal government over the new Republican tax law, but legal experts are skeptical the lawsuit will hold up in court. Cuomo said New York will challenge a provision of the law that limits how much Americans can deduct ...
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Are you usually the type of person who thinks about filing their taxes early, but never actually get around to it until the deadline is looming? I know I am, and hearing my friends excitedly announce they got their refunds all around me over the months between New Year's and Tax Day while I procrastinate ...
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The big corporate tax break that became law last month is great news for companies and their investors. But what about employees? How much of the corporate tax windfall will go to workers via higher wages? Since President Trump signed the $1.5 trillion tax cut into law on Dec. 22, nearly 20 large ...
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Anyone who tells you that the GOP tax bill President Donald Trump signed into law before Christmas is all good or all bad has fallen victim to the particularly viral strain of negative partisanship going around this flu season. On the specifics, the 503-page Tax Cuts and Jobs Act is clearly a mixed bag.
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One deduction targeted by the new tax bill was the ability for taxpayers to deduct taxes paid to their states and localities from their federal tax bills. Now, states like California are looking for ways to ease that loss for their residents. Facebook; Twitter; Flipboard; Email ...
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The Manhattan real estate market missed a beat in the fourth quarter of 2017, but remained strong overall, despite looming property tax changes and a softening luxury market, according to recent industry reports. The average sales price fell to $1,897,503 in the fourth quarter, the first time it has fallen ...
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The tax law is likely to improve the earnings per share of S&P 500 companies by 10.5% this year, Bank of America Merrill Lynch predicted Wednesday. Most of that comes from a sharply reduced corporate tax rate. The rest comes from companies spending their tax savings on stock buybacks. Wall Street ...
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FILE - In this Thursday, Oct. 8, 2015, file photo, Southwest Airlines CEO Gary Kelly speaks during a preview of the new international concourse at Houston Hobby Airport in Houston. Southwest Airlines says it plans to stop overbooking flights, an industry practice implicated in an ugly incident on a United ...
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Despite attracting criticism for its tax-saving methods, Google's use of "Double Irish" and "Dutch Sandwich," appear to be perfectly legal. The Irish government put a stop to "Double Irish" arrangements back in 2015, although companies have been given permission to continue using the loophole until the ...
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"The tax bill has made it more difficult both on the substantive and political side," said Robert Bixby, the longtime executive director of the Concord Coalition, a nonpartisan group focused on deficit reduction. "In taking a one-sided approach, the Republicans were able to get what they wanted in terms of a ...
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But the tax bill President Trump signed into law last month has complicated their search for a new home. "Now we just have another wrinkle in trying to determine where to go, and how much it's going to cost us," she says. The new tax law is forcing a lot of people to reconsider whether they want to buy a ...
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That's because, as per the latest tax changes, you can deduct medical expenses that exceed 7.5% of your adjusted gross income (AGI) this year. This means that if your AGI is $50,000, and you spend $5,000 on various medical costs, you can deduct any amount in excess of $3,750 -- so in this case, ...
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"This tax provision hits the blue states by eliminating the state and local tax deductibility and uses that money to finance the tax cut in the red states," said New York State Gov. Andrew Cuomo on CNN's "New Day." Cuomo has said he is looking for ways to redesign the New York tax code to counter this ...
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In their rush to enact tax cuts before the end of 2017, Mr. Trump and Republican leaders in Congress created a legislative monster riddled with flaws and loopholes that even they don't fully understand. They have offered up a bonanza to tax lawyers and accountants looking for provisions that can be ...
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The Republican tax reform bill is now law, meaning that as of January 1 the corporate tax rate dropped significantly from 35 percent to 21 percent. Republican lawmakers suggested that windfall could go toward bettering products, lowering prices, and generally boosting the economy. Critics argue the ...
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Seattle shoppers may see a rise in the price of sugary beverages after the city's new tax kicked in on Jan. 1. The tax, approved by the City Council in June, is levied on distributors that sell their products in the city. Affected products include beverages that have any form of caloric, sugar-based sweeteners, ...
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This year, if you want to boost your tax savings beyond the new standard deduction, consider giving away some of your wealth. The Tax Cuts and Jobs Act went into effect on Monday, bringing with it a slate of changes to the code. Those include an increase to the standard deduction (which nearly ...
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Under the old federal tax law, most filers could deduct state and local taxes from their federal returns, a benefit that applied to property, income, and other levies. The new law caps the so-called SALT deduction at $10,000, a change that could cost residents of high-tax states billions of dollars.
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With these new laws and especially with the child tax credit it directly gives people money in their pockets and a reduction of their tax and they're going to have much larger refunds next year, so a ... If you're getting ready to file your taxes, remember that these changes will not affect your 2017 tax return.
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WASHINGTON — Federal Reserve policymakers largely agreed last month that the U.S. tax overhaul would likely benefit the economy, but they were split on whether the resulting growth would warrant a faster pace of rate hikes this year. Minutes of the Fed's Dec. 12-13 meeting released Wednesday ...
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Like his Austrian peer, Cœuré said one of the main concerns surrounding bitcoin relates to tax evasion and money laundering. Cœuré continued to say that bitcoin was supported mainly by speculation and "there is a risk of large capital losses which investors should be aware of." Both bankers declared ...
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But reactions to the Republicans' new tax plan have indicated that many believe it favors the wealthy over everyone else. Business Insider's Bob Bryan reported that 8.5 million people may see their taxes increase this year, while 4.6 million middle class Americans might see a spike in taxes by 2025.
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Today, we continue our look at the GOP tax plan's effect on companies with overseas cash. Under the bill's deemed repatriation provision, Microsoft's $132bn in overseas cash will be taxed at 15.5%. After the $20bn bill, we believe Microsoft will not be set for a repeat of 2004 - a $3/share special dividend ...
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Despite lots of noise leading up to the passage of the tax reform bill, retirement planning was left mostly alone. While the tax cuts and changes might have a big impact on government program cuts to Medicare, Medicaid, and Social Security in the future and might also significantly impact how people ...
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One thing is for sure -- the new law cut the top federal income tax rate from 39.6% to 37%. And when you're talking about hundreds of millions of dollars, those 2.6 percentage points could mean a huge windfall for a winner. The Powerball jackpot now stands at $460 million, with the next drawing set for ...
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In its "1600 Daily" email to supporters and members of the public, the White House touted the tax bill that President Donald Trump signed in late December as a highlight of 2017. The email said that the new law would be "kicking the American economy into high gear with $5.5 trillion in tax cuts, 1.7 ...
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The GOP tax law "secretly" removed a subsidy for homeownership, Evercore ISI analyst Stephen Kim said, which is one reason he's looking at stocks of building products makers. While the cutting of the mortgage interest deduction to $750,000 from $1 million received a lot of attention, the doubling of the ...
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Last year, the standard deduction was $6,350 for single tax filers, and $12,700 for married couples filing jointly. If you're a single tax filer sitting down to do your 2017 return, you'd need to ask yourself the following question: Do my deductible expenses exceed $6,350? If so, then itemizing would make the ...
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Bernstein raised its rating for the bank's shares to outperform from market perform, predicting a big boost to Wells Fargo's earnings from tax reform. The bank could have a $2.5 billion gain in the fourth quarter 2017 because of adjustments for the tax cuts, partially offset by taxes on profits returned from ...
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One company flying under the radar of the mandatory tax repatriation of foreign earnings is Cisco Systems (CSCO). The market constantly focuses on the other tech giants like Apple (AAPL) and Microsoft (MSFT) or new tech companies, but Cisco Systems actually has one of the largest balances of cash ...
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The headline numbers on corporate tax reform emphasized the decline from 35% to 21% in the top corporate tax rate. The way that most reports explained the reduction made it seem as though corporations never paid more than 35% of their marginal income in taxes. Yet when you look at the corporate ...
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"The biggest impact on earnings from tax reform comes from the lowering of the federal tax rate from 35% to 21%, making up roughly $10 of the $14 increase," Suzuki and his team wrote. "Buybacks represent another $3 of the increase, with some modest offsets from the minimum foreign tax rate and the ...
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Congress' Joint Economic Committee has estimated the tax bill would reduce federal revenue by $136 billion this year. Even when taking into account a possible economic boost from the tax cuts, the committee estimated that federal revenue would decline by $104 billion this year. How much of that ...
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While rumors flew around Washington in the fall that the Tax Cuts and Jobs Act would dramatically impact retirement accounts, the plan has made only a few minor modifications. Under the current system, retirement plans are rightly subject to only a single layer of taxation, but they are governed by ...
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The latest version of tax relief New York has devised for its homeowners has started arriving in Hudson Valley mailboxes. The state Department of Taxation and Finance began mailing 2 million checks in November and recently began reaching homes in parts of this region, with the expectation that all ...
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Manhattan home prices aren't rising as sharply -- or briskly -- as they were just two years ago, and buyers have taken notice of the new measured pace of growth. Plans to pass a federal tax law that limits deductions for state and local levies, and would make homeownership more costly, also weighed on ...
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The home-sharing and rental website Airbnb will pay Missouri state taxes under an agreement with the state announced by the company Wednesday. Effective Feb. 1, Airbnb will collect state and local taxes on behalf of the approximately 6,300 Missouri households that currently list spaces for booking ...
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People want to know what areas of the market will do the best from the 2017 tax cut. One, currently under-valued, area are the REITs. There are two reasons why: First, they are under-valued because they have fallen hard over the past few years due to a big decline in the retail sector and for being out of ...
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The new tax rules will have a big impact because many second-home buyers are middle-income households, not the super rich, and even a shift of a few thousand dollars can greatly affect affordability. The median buyer's household income in 2016 was $89,900, and only 34 percent of buyers had ...
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But can we expect to see that same growth under the new tax law? Maybe not. Home prices in much of the country are now higher than at the height of the housing bubble. Yet today there is no bubble. Housing is on a solid foundation. In the bubble, prices became disconnected from household incomes.
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Tax Watch columnist David McKay Wilson explores tax reform's impact on charitable giving. The year-end rush to make charitable donations before federal tax reform kicked in left some nonprofits brimming with cash when 2018 dawned. But many nonprofit executives in the Lower Hudson Valley are ...
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One morning soon after the tax reform package passed in Congress, Inger Stringfellow, an agent with William Pitt Sotheby's International Real Estate in New Canaan, Connecticut, was already sorting through the impact. She arrived at the office with messages from a handful of past and present ...
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Bruce Rauner gave his take on the Republican D.C. tax overhaul, saying he wished it "did more for the middle class" but praising its corporate tax cuts as "more supportive of businesses." On Wednesday, though, Rauner called the new federal tax law "punishing," criticizing a $10,000 cap on deducting ...
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The new tax plan pushed by President Donald Trump and passed by Republicans means changes in income tax brackets for 2018. The new plan includes seven tax brackets - the same as the old one - but income ranges for each division have changed. Also, the personal exemption has been ...
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Whether the new corporate tax cuts should be labeled "supply-side" or "trickle down" economics, major banks in Memphis and across the South say they are passing along some of the savings to their employees and markets. Regions and SunTrust banks have announced in the past several days they ...
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AT&T was sued last week by a workers' union that is trying to stop the telco from instituting what it calls a "massive layoff." Thousands of employees are reportedly being laid off by the company, which reported $39.7 billion in revenue and $6.4 billion in operating income last quarter. AT&T is "instituting an ...
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Lower corporate tax rates approved last year by the Republican-controlled Congress and signed by President Donald Trump will allow for higher earnings in the long run, but accounting rules often require a one-time hit to earnings, which can make for a bruising quarter -- and even year -- for a lender's ...
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The Wisconsin Institute for Law and Liberty filed a lawsuit in circuit court on Tuesday alleging that a 0.5 percent sales tax the county board imposed beginning with the new ... According to the lawsuit, Brown County officials plan to use the money for various projects rather than to defray property taxes.
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More businesses are announcing bonuses, higher minimum wages, and new benefits for employees after passage by Congress of Republicans' tax reform bill. An email from House Speaker Paul Ryan's press office highlights 33 businesses—including Aflac, Associated Bank, and PNC Bank—that have ...
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WEB
American, Southwest Celebrate Corporate Tax Cuts by Giving $1000 Bonuses to All Employees
Two of the largest airlines in the US announced $1000 bonuses for each employee, citing the massive corporate tax cuts signed into law before the end of 2017.
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New tax laws may kill the beach house dream
Dreaming of a beach house? You might want to think twice about that, given tax changes that just kicked in will make owning a vacation home more costly and may tank the resale value of the second-home market. Prices could drop about 10 percent in some markets, said Zillow economist Aaron ...
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Gov. Cuomo
ALBANY, N.Y. — New York state will take Washington to court to challenge the new Republican tax overhaul, Democratic Gov. Andrew Cuomo said Wednesday, calling the new law an unconstitutional assault on states' rights and New York in particular.The lawsuit is one of several ways Cuomo, ...
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Democrats, Don't Bail Republicans Out Of Their Tax Mess
Like millions of frustrated but relatively fortunate Americans this past holiday season, I spent the final week of the year scrambling to determine whether I could, or should, prepay 2018 D.C. property tax, in the hope of enjoying its deductibility from my federal taxes one last time before the new Trump tax ...
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Thanks Tax Cuts! Southwest Just Announced Huge Employee Bonuses...
It must burn when leftists have to admit the Trump tax cuts are working. Burn like a good bourbon going down. Or when you pee after a night out with Amy Sc.
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Tax Free
Tax Free - Devolución de Impuestos a turistas extranjeros.
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Official Analysis Finds Tax Bill Will Produce Marginal Growth, Cost $1.1 Trillion
At the end of December, the Joint Committee on Taxation (JCT) released its final dynamic analysis of the Tax Cuts and Jobs Act (TCJA). JCT's analysis concludes the bill will have a modest impact on growth in the near term but almost no effect after a decade. After accounting for this near-term growth, ...
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Tax question, buying for someone else.
Had a friend get into crypto and litecoin right when it was blowing up on the news. He made a Coinbase account but the I.D verification is so fail...
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Tax reform = AS quickly replaces Airbus with Boeing?
Just speculation, of course, but this article shows where tax reform may have given AS another reason to order Boeing aircraft to replace the former VX fleet: https://www.fool.com/investing/2018/01/ ... a-air.aspx. Fair-use excerpt: One key provision of the recent tax-reform bill makes the prospect of buying ...
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Google moved 16bn euros to Bermuda to avoid tax
Google has moved 15.9 billion euros ($19.2 billion) to a Bermuda shell company in 2016, saving it billions of dollars in taxes that year, Bloomberg reports.
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The New Adjusted Income Tax Rates Under TRAIN Law
Here is the new adjusted income tax rated under the TRAIN law, which will surely affect the lives of both rich and poor Filipino people.
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El Mundo Tax and Insurance
Get directions, reviews and information for El Mundo Tax and Insurance in Pasadena, TX.
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Estimating the perceived tax scale within a labor supply model
The Swedish marginal tax scale is too complex to be known in detail by individuals. This paper indicates that perceived tax scales can be estimated jointly with a labor supply equation. The differences between the true and estimated tax scales are found to be small. Previous article in issue; Next article ...
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Tax Cuts, Offshore Cash & Jobs
This week in The Institutional Risk Analyst, we feature a blog post by Christopher Whalen originally published by The National Interest that tries to explain the false narrative about lower corporate taxes resulting in the repatriation of trillions in offshore cash. Many economists have spent months waxing ...
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Highlights of New Tax Reform Legislation to Individual Taxpayers
On December 22, 2017, President Trump signed into law the most sweeping tax law changes in the last thirty years. Significant permanent changes were made to the corporate income tax. Most of the changes made to the estate and gift taxes and individual income taxes will expire in 2026 unless ...
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Accountant for Tax Season
Ideal candidate will have 2-4 years previous experience working with CPA preparing business, corporate and individual income taxes. Candidate will research and review previous year's income taxes and verify for missing documents. Hours will be Monday-Friday adding Saturday during tax season.
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Thanks to Tax Cuts, Growing List of Companies Announcing Bonuses, Wage Hikes, Charitable ...
"Congress, working closely with the President, took a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world. Tax reform will drive economic growth and create good-paying jobs. In fact, we will increase our U.S. investment and pay a special bonus to our ...
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Final Tax Legislation Will Benefit the Construction Industry
Stephen E. Sandherr, the CEO of the Associated General Contractors of America, recently released the following statement regarding final passage of federal tax reform: "Today, Congress passed comprehensive tax reform legislation that will lower rates, spur economic growth and impact construction ...
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Get An Early Jump on Tax Season With These One-Day H&R Block Software Discounts
It's still pretty early to be thinking about taxes, but if you buy your software early, you stand to save big.
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Tax Information
Your donations help to fund patient care at Sheltering Arms, from equipment and technology to financial assistance. As a not-for-profit organization, we are continually thankful for your support. Once your gift is received, we will send an acknowledgement letter for your records. If you choose to make a ...
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Course Catalog
WebCE's course catalog for Tax Preparer Continuing Education courses.
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Tax Preparer
description. Preparing taxes, assist accountant, flexible hours working Thursday, Friday and Saturday Working hours: Varies Skills: 2+ years of experience in Tax Preparation, must be fluent in all aspects of tax rules, able to accurately process tax returns. Randstad is a world leader in matching great ...
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Tax Reform Details for the Individual
The recently passed tax reform bill will have a major impact on individuals.
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Andrew Cuomo is Suing to Block You from Getting a Tax Cut
New York state will take Washington to court to challenge the new Republican tax overhaul, Democratic Gov. Andrew Cuomo said Wednesday, calling the new law an unconstitutional assault on states' rights and New York in particular. The lawsuit is one of several ways Cuomo, a potential 2020 ...
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New Corporate Income Tax Rates May Trigger Reissuance Consequences for Tax-Exempt Bonds
H.R. 1, signed into law on December 22, 2017, reduces the maximum federal corporate income tax rate from 35% to 21% for tax years beginning after December 31, 2017. This change in the corporate income tax rate may result in a change in the interest rate of outstanding tax-exempt bonds privately ...
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2018 Preview: Roads and the Gas Tax
2018 Preview: Roads and the Gas Tax. Posted: Jan. 3, 2018 7:07 AM PST. You are going to start seeing a lot of road improvements throughout the state this year, but you'll also be paying for them. In the second part of our 2018 preview series, KNCO's Geoff Flynn looks at roads and the gas tax, also ...
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Tax Collector
Borough of Roosevelt Tax Collector 33 North Rochdale Ave Roosevelt, NJ 08555. Phone: (609) 448-8716. Office Hours Monday thru Friday 8:30am - 4:30pm. The interest listed on delinquent taxes is calculated for the current day's date only. Please contact our office to obtain interest calculations for a ...
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