Thursday, March 15, 2018

Google Alert - tax

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tax
Daily update March 15, 2018
NEWS
Taxes will need to rise by £40bn per year by the mid-2020s if the government wants to keep spending constant and balance its books, a think tank warns. The Institute for Fiscal Studies added that dismal productivity, earnings and GDP growth had become the "new normal". It comes after the chancellor ...
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Internal Revenue Code books sit during a House Ways and Means Committee markup hearing in Washington, D.C., U.S., on Monday, Nov. 6, 2017. The House tax-writing committee began debate on the GOP's proposed overhaul, kicking off four frantic days for lobbyists and lawmakers to revise a bill ...
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Once you get this year's paperwork out of the way, it's worth taking a look at how the new law passed at the end of 2017 will affect your tax bill in 2018. The Tax Cuts and Jobs Act passed in December last year has significant implications for nearly everyone in America, whether you're single or married, ...
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The budget proposed by Mr. Murphy, a Democrat, would use tax increases and new taxes to generate $1.5 billion in revenue to help pay for his ambitious plan, which included restoring the earned-income tax credit, significantly increasing funding for schools, expanding preschool and making ...
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The former ExxonMobil CEO will still get to enjoy the millions of dollars in tax deferrals he got when he joined the Trump administration in the first place, even though he spent just a little over a year on the job. Tillerson and Exxon reached an agreement when then President-elect Donald Trump tapped ...
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The only thing people hate more than filing their taxes might just be an IRS Audit. Learning of a large tax bill would probably take third place. In reality, the risk of being audited is quite low. Less than 1% of tax returns are audited each year. Here are four tax moves that will increase your odds of staying ...
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The recent tax regulation changes are key examples of this. In fact, it is something that we all have to start considering -- quickly -- because there could be adverse effects to the amount of charitable giving we see in 2018 and beyond, impeding what we are trying to do as organizations for social good.
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That balance was upset recently, leaders of the Holy Land's Christian churches say, when they received property tax bills totaling millions of dollars, applicable to all church properties that are not actual houses of worship. The levying of those bills was spearheaded by Mayor Nir Barkat, who wants to ...
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Today some of the changes are being made public via the rollout of NaviPlan 18.0, announced with tax updates as well as new client reports and client portal functionalities. As the firm spells out, these revisions reflect the tax code changes introduced by the Tax Cuts and Jobs Act of 2017, and NaviPlan ...
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The James City Board of Supervisors discussed plans for a future meeting devoted to further study of the proposed Historic Triangle sales tax bill Tuesday. Sen. Thomas K. "Tommy" Norment's sales tax bill, Senate Bill 942, would raise the sales tax by 1 percent in Williamsburg, James City and York to ...
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Revenues from the tax, the result of a statewide initiative passed in 2004, also expanded access to therapy and case management to almost 130,000 young people in Los Angeles County, the report by the Rand Corp. said. Many were poor and from minority communities, the researchers said.
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The conservative group Americans for Prosperity announced Wednesday it will sink another $4 million into new digital and TV ads touting the benefits of tax reform. The ads will target swing state Democratic Sens. Claire McCaskill of Missouri and Joe Donnelly of Indiana. Midterm congressional polls ...
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Gorman brushed aside the idea that tax cuts were less politically potent than hoped, noting that candidates are responsible for defining opponents, raising sufficient money and telling an empathetic story — elements that Republicans in Washington and Pennsylvania have cited as deficiencies in ...
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Most of the people who are dealing with income tax stuff these days are finishing up their 2017 returns. But in true journalistic fashion — or at least, what's supposed to be true journalistic fashion — I'm looking ahead. To my 2018 taxes. And possibly your 2018 taxes, if, like me, you live in a state targeted ...
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CHICAGO (Reuters) - U.S. lawmakers said on Tuesday they agreed to revise a portion of the new tax code that gave farmers a massive tax break for selling crops to cooperatives, in a win for private grain firms that were disadvantaged by the overhaul. The agreement, which lawmakers have been ...
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While some anxiously wait for their check from the IRS for tax returns, some are still worried about filing. Whether it be because of a lack of time or for fear that they'll end up owing back taxes. "The failure to file fee fine is much higher than the failure to pay fee, so even if you can't afford to pay everything ...
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Lawmakers and agricultural companies say they have found on a fix for a provision in the new U.S. tax law that stirred controversy in the Farm Belt. The amendment to the tax law, which legislators aim to include in an omnibus spending bill later this month, would change a provision that provided farmers ...
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"A gas tax is the most fair way to bring in some additional revenue for streets, because the more you use, the more you are going to pay," Konopa said. However, some residents think gas prices are already high enough. "I mean it is going to bring it up more and more," Stephen Kobernik, a resident, said.
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"It will look at how the tax system can help drive the technological progress and behavioural change that we need, not as a way of raising revenue but as a way of changing behaviour and encouraging innovation," Hammond said during his spring statement to parliament. He said the government would ...
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On April 17, 2018, the U.S. Supreme Court will hear arguments in South Dakota v. Wayfair, Inc., on the constitutionality of a South Dakota law requiring collection of the state's sales tax by internet vendors with at least 200 transactions or $100,000 in sales to South Dakota residents. The appellants in the ...
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ExxonMobil told a Senate inquiry on Wednesday it did not expect to pay any Australian corporate tax until 2021, meaning it would not have paid the tax for eight years, and was again accused of misleading the inquiry over its links to tax havens. The oil and gas giant's Australian tax affairs have faced ...
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EU finance ministers on Tuesday unanimously approved new rules that require advisers to report "potentially aggressive" tax schemes, the latest step in European efforts to clamp down on cross-border tax avoidance. From mid-2020, accountants, banks, lawyers and other financial advisers who design ...
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Many entrepreneurs have celebrated President Trump's signature legislative achievement, the 2017 Tax Cuts and Jobs Act, for decreasing their annual tax bills. Indeed, the law reduces the maximum corporate tax rate from 35 percent to 21 percent, and further allows pass-through firms to deduct up to ...
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RICHMOND, Va. -- While enjoying a smoke break, several smokers debated a proposal by City Councilman Parker Agelasto (5th District) to impose an 80-cent per pack cigarette tax in Richmond. For comparison's sake, New York City's cigarette tax is $1.50 per pack and Norfolk's is 85 cents per pack.
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A proposal to raise taxes on cigarettes died without a vote in the House on Tuesday, although proponents hold out some hope it could be revived before the Mississippi legislative session ends this month. The cigarette tax language was included in a borrowing bill passed last month 46-4 in the Senate.
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Both states embarked on a series of bipartisan tax cuts when their local economies appeared to be doing well, with Republican and Democratic leaders alike arguing that they needed to make their states more attractive to businesses. Beginning in 2006, West Virginia gradually reduced its corporate net ...
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Seniors packed into Kirkland City Hall Tuesday to complain to the King County assessor about property tax increases -- an average of 17 percent across the county this year. Assessor John Wilson told them he feels their pain. "I feel a little bit these days like the 21st century Paul Revere, riding across the ...
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A tax on car rentals that funded construction of Cactus League and University of Phoenix stadiums does not violate the state Constitution or federal commerce laws, a panel of the Arizona Court of Appeals ruled Tuesday. The ruling overturns a lower-court decision that had put hundreds of millions of ...
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When you're looking for a tax professional, sorting through the acronyms, titles and qualifications can be confusing. ... the Internal Revenue Service (IRS) by either passing a three-part comprehensive IRS test covering individual and business tax returns, or through experience as a former IRS employee.
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Having recently had to report over 13,000 of its clients to the US Internal Revenue Service (IRS), making it easier to handle tax reporting is a must for Coinbase. The company has launched a tax calculator, but it will not be of much use for many of its clients including those who transacted with GDAX, ...
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A statewide tax on the wealthy has significantly boosted mental health programs, helping to reduce homelessness, incarceration and hospitalization, according to a report released Tuesday. Revenue from the tax, the result of a statewide initiative passed in 2004, also expanded access to therapy and ...
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SCRANTON, Pa. -- It's been more than 50 years since Lackawanna County reassessed property taxes. County commissioners' most recent attempt to get it done has stalled. Now, Scranton's mayor is trying to convince them to take it up again or the city could take legal action. During November's election ...
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As a result of Tuesday's agreement on tax transparency, accountants, bankers and lawyers will be obliged to report to national authorities "potentially aggressive tax planning schemes with a cross-border element", or risk a penalty. Firms will be obliged to report corporate or personal income transfers to ...
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Chief executives of America's largest companies raised their outlook for spending, hiring and sales to the highest level in 15 years in the first quarter following the passage of the U.S. tax overhaul. While the Business Roundtable CEO Economic Outlook Index reached its highest level in the survey's ...
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Want a soda? It costs a lot more in Philadelphia, thanks to a new tax on artificially sweetened beverages. A 2-liter bottle of Coca-Cola that once cost $2 now goes for $3. Politicians and activists applauded when the bill was signed. They said the tax was needed to fund early childhood education.
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For conservatives, the argument is simple: The president worked hard with Congress to pass tax relief for small businesses, and we're already seeing the fruits of those labors. Small businesses aren't just the backbone of our national economy. They're the engine of durable, sustainable economic ...
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The discussion was focused on campus security issues and the March 20 school property tax extension vote. The town hall was held nearly a month after 17 people were shot and killed at a high school in Parkland, leading Florida legislators to pass a school security and gun control law last week.
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UK Chancellor of the Exchequer* Philip Hammond unveiled the first areas to receive £95m from the government's full-fibre fund and suggestions for how the UK could tax large digital businesses - in a slimmed-down "Spring Statement" light on details. During the 20-minute long update, Hammond said ...
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Coinciding with the president's visit, San Francisco assemblyman Phil Ting has introduced Assembly Bill 2355, a proposal that would remove or block tax breaks for California companies that contract to aide in the construction of the wall along the U.S.-Mexico border. "I believe it's a waste of California ...
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WEB
Identity Verification Service
If you haven't received a 5071C letter or you have other questions about your tax return, continue on to the IRS homepage. Identity thieves have become more adept at impersonating taxpayers. For your protection, the IRS is asking you for important information and documentation. We'll ask about your ...
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The IRS has $1.1 billion in old tax refunds but 'time is running out'
About $1.1 billion in unclaimed federal income tax refunds are waiting for an estimated 1 million Americans who didn't file a 2014 federal income tax return, according to a recent report released by the Internal Revue Service. The deadline to collect those funds is no later than Tuesday, April 17, which is ...
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IRS Warns of New Scams That Target Your Tax Refund
New email phishing schemes are putting your tax refund at risk. The Internal Revenue Service said this week that it's seeing "a steady onslaught of new and evolving phishing schemes as scam artists work to victimize taxpayers during filing season." There are countless variations on this scam, but they ...
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Tax bill is unleashing power in the economy
Charles Schwab Corp. founder Charles Schwab on the tax reform legislation and the Trump administration's efforts to roll back regulations.
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Congress snuck dozens of tax breaks into the budget deal. Here's where they went.
In practice, tax extenders are legislative favors, often slipped into folds of federal bills notable for funding bigger-ticket items — such as military programs, disaster relief, infrastructure overhauls. And despite President Donald Trump's promise to drain the Washington "swamp," elected officials and ...
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Tax Year 2017 ProSeries
As you know, the new tax legislation will have significant impact to your clients across multiple filing types in Tax Year 2018. We know you will spend a lot of time helping your clients understand the impact so we want to make sure you're aware of the resources available to help. At Intuit ProConnect, we ...
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Apprentice or youth trainee Council Tax discount
Apprentice or youth trainee Council Tax discount. You may be able to get a discount on your Council Tax bill if someone living in your home is an apprentice or youth trainee.
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Bridgewater Township
Making your tax payment online is fast, easy, and safe. In just a few minutes, your transaction will be complete. You can choose to pay by a Checking Account ACH Payment (e-Check) or by a Credit Card Payment.
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Borough of Edgewater
An online payment fee will apply for a Credit Card payment submission. The fee will be based on the specific payment amount you will submit and will be displayed to you on the webpage displaying the types of payment methods available for you to select. The fee will also be separately displayed on the ...
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Tax Experts
We are completely committed to getting you the best return and giving you the smoothest process when filing your taxes.
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Comedian Dodd bows out with another tax dodge
The leading website for IFAs who distribute international fund, life & banking products to high net worth individuals.
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Thousands complain about tax refund delays
Wondering where your tax refund is? Here's why it may be delayed, and for how long.
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Bahamas opposition calls possible EU tax haven blacklisting
By Youri Kemp Caribbean News Now associate editor youri@caribbeannewsnow.com. NASSAU, Bahamas — Opposition Progressive Liberal Party (PLP) deputy leader, Chester Cooper, released a statement to the media regarding the possibility of The Bahamas being blacklisted as a tax haven by the ...
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New tax law makes business property tax assessments even more important
On Dec. 22, 2017, President Trump signed H.R. 1, known as the Tax Cuts and Jobs Act, into law. Among many other reforms, the new tax law limits the amount of state and local taxes that individuals can deduct from their taxable income to a maximum of $10,000 beginning in 2018. Anticipating this new ...
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EU adds Bahamas, US Virgin Islands, St Kitts to tax haven list
BRUSSELS (Reuters) – European Union finance ministers added the Bahamas, the U.S. Virgin Islands and Saint Kitts and Nevis to the EU blacklist of tax havens on Tuesday, an EU document said. The ministers have also decided in their regular monthly meeting to remove Bahrain, the Marshall Islands ...
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Hiding from the Tax Man, International Wealthy Style
Tax avoidance is an ever-evolving game. Some fresh information on which countries are willing to offer a helping hand to the rich.
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Alabama Repeals Sales Tax on Gold and Silver Bullion; Bills Moving Forward in Wyoming and ...
Three more states are moving toward repealing taxes on the sale of gold and silver bullion. Last week, Alabama Gov. Kay Ivey signed a bill into law exempting the sale of gold and silver bullion from state sales and use tax. The repeal of the tax not only lowers the cost of investing in gold and silver, it will ...
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Revenue publishes list of tax defaulters
Revenue publishes the list of tax defaulters in respect of the period 1 October 2017 to 31 December 2017.
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Junior Tax Accountant
Junior Tax Accountant. Our Client is seeking to recruit a Junior Tax Accountant to join its Tax Department. Responsibilities would include: Assisting in the preparation of documents required to register shareholders and any subsequent changes;; Assisting in the application for tax residence and tax ...
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10 Ways to Do Tax Season Right
Wealthsimple is a whole new kind of investing service. This is the latest installment of our "How To" series, where we lay out smart and easy-to-understand advice on navigating the financial world. It's not really a season people get psyched for. There's no Tax Season Santa, or a Tax Bunny that leaves ...
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150 years ago this week Congress abolished the manufacturers tax—a year after cutting the ...
150 years ago this week Congress abolished the manufacturers tax—a year after cutting the income tax rate. (For the next forty-five years, 90% of the nation's tax revenue would come from alcohol and tobacco sales.) What you would like to abolish. Capital Gains Taxes. Personal Income Taxes (in favor ...
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'Where's My Refund'
Most tax refunds are issued within 21 days, according to the Internal Revenue Service. But if you want to verify your tax return was received and is being processed — and find out when you'll get your money — there are ways you can check. As for the 2018 IRS refund schedule, tax year 2017 is similar ...
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Coinbase Tax Center
Tax Center FAQ. Disclaimer: Coinbase is not authorized to give tax advice. Tax laws and regulations change frequently, and their application can vary widely based on the specific facts and circumstances involved. You are responsible for consulting with your own professional tax advisors concerning ...
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WATCH: ReasonTV's John Stossel Takes On Philadelphia's Massive Sweetened Beverage Tax
On Tuesday, ReasonTV uploaded a new video featuring John Stossel. The video, titled "The Philly Soda Tax Scam," studies the ways in which the sweetened beverage tax in Philadelphia has negatively impacted businesses and consumers.
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Tax Services
Baffled by today's tax environment? The SKC professionals offer customized NJ tax accounting services knowing each client's needs & business are unique.
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Here Are the Most and Least Tax-Friendly Countries
As the deadline for tax filing grows closer and closer, plenty of Americans are preparing their returns and shaking their heads at just how much they owe in taxes. Particularly, if you're in one of...
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Online platforms' role in ensuring tax compliance by their users
The government will explore how online platforms could work with HMRC and taxpayers to help people who make money through the platforms understand and meet their tax obligations.
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Tax Reform 2018: How Different Types of Taxpayers Will Be Impacted
March 2018 – As this year's tax day approaches, many people will already be looking ahead to next year when the new tax law will be in effect. They'll all be asking one simple question: "Will I have to pay more taxes?" Unfortunately, the answer is, "it depends." There's been a lot of speculation and ...
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Downtown, NV Tax Seminars Events
Lining up plans in Downtown? Whether you're a local, new in town, or just passing through, you'll be sure to find something on Eventbrite that piques your interest.
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Basic Sales and Use Tax Seminar – West Covina Office
The California Department of Tax and Fee Administration administers California's sales and use, fuel, alcohol, tobacco, and other taxes and collects fees that fund specific state programs and plays a significant role in California property tax assessment and administration. It also acts as the appellate ...
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Qualified Charitable Distributions and the New Tax Law
The Tax Cuts and Jobs Act made sweeping changes to our tax laws when the bill was signed this past December. On January 1, the standard deduction – an amount that all tax filers can deduct from their income each tax year – was doubled to $12,000 for single filers and $24,000 for joint filers.
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BMSS Video Series Part 5: Personal Exemption, Child Tax Credit and Standard Deduction Changes
With all the changes made in the recently enacted tax reform legislation, we are committed to keeping you informed while providing you peace of mind. That's why we've created an eight-part tax reform video series that gives an overview of the new tax legislation and provides clarity on how these ...
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Coinbase Launches Cryptocurrency Trading Tax Calculator
Coinbase Launches Cryptocurrency Trading Tax Calculator. Having recently had to report over 13,000 of its clients to the US Internal Revenue Service (IRS), making it easier to handle tax reporting is a must for Coinbase. The company has launched a tax calculator, but it will not be of much use for many ...
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Direct tax
Four documents relating to VAT were released as part of the 2018 Spring Statement. Building on recent measures to tighten up on the portion of the VAT gap arising from online market activity, there is a further consultation and call … Continue reading →. Posted in Spring Statement 2018, Spring ...
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Tester Introduces Legislation to Push Back Against Nationwide Internet Sales Tax
(U.S. Senate) – U.S. Senator Jon Tester is fighting for Montana businesses and taking a stand against a nationwide online sales tax. Today Tester introduced a resolution opposing a bill that would require businesses selling products or services over the internet to collect sales tax, even if the seller is ...
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remote transactions parity act
remote transactions parity act. Related Articles. Should Congress Act Before SCOTUS On Online Sales Taxes? March 13, 2018. Help us achieve our vision of a world where the tax code doesn't stand in the way of success. Subscribe · Contribute · About Us. The Tax Foundation is the nation's leading ...
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Dottie's Income Tax & Accounting
Get directions, reviews and information for Dottie's Income Tax & Accounting in Huber Heights, OH.
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