Thursday, March 22, 2018

Google Alert - tax

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tax
Daily update March 22, 2018
NEWS
A single four-letter word — added to a provision of the tax code — has professional sports leagues scrambling, as teams face what could be millions of dollars in new taxes. "Real." The revision changed a section of the tax code that applies to "like-kind exchanges." Under the old law, farmers, ...
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During "infrastructure week," President Trump's proposed to raise the gasoline and diesel tax (the "gasoline tax") by a quarter to pay for infrastructure spending. There has been a tremendous backlash against this proposal, after all, no one seems to like more taxes. The chorus of naysayers is right that ...
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BRUSSELS (Reuters) - The European Commission proposed rules on Wednesday to make digital companies pay more tax, with U.S. tech giants such as Google (GOOGL.O), Facebook (FB.O) and Amazon (AMZN.O) set to foot a large chunk of any bill.
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President Donald Trump holds an example of what a new tax form may look like during a meeting on tax policy with Republican lawmakers including House Speaker Paul Ryan of Wis., and Chairman of the House Ways and Means Committee Rep. Kevin Brady, R-Texas, right, in the Cabinet Room of the ...
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Just because you file your taxes for a refund and the IRS accepts your return doesn't mean you are free and clear. Each year, the IRS mails notices to millions of taxpayers challenging their reporting. Notices from the tax collector aren't as severe as an agency audit, yet they serve essentially the same ...
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At issue in the Italian case was whether profits Kering made on Gucci sales in Italy had in fact been declared in Switzerland, where tax laws is more favorable. The Italian newspaper La Stampa reported last year that the authorities were looking into whether Gucci should have paid as much as 1.3 billion ...
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Right after Republicans in Congress passed their tax bill, lowering tax rates on corporations, companies delivered a very public thank-you: a series of bonus and investment announcements. It was a major PR opportunity for both corporate America and the GOP, meant to show that American businesses ...
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The revision changed a section of the tax code that applies to "like-kind exchanges." Under the old law, farmers, manufacturers and other businesses could swap certain "property" assets — such as trucks and machinery — without immediately paying taxes on the difference in value. The 2017 tax ...
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There were a lot of provisions like this in the tax bill. Lawmakers call these changes "base-broadening," but what that really means is: they're raising some taxes to capture new federal revenue, in order to pay for the tax rates they cut. Lawmakers needed more money to pay for those rates, and the way ...
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This piece of French wisdom applies perfectly to the UK's irrational and unfair council tax, an annual levy on residential property. Introduced in 1992, to replace the highly (and rightly) unpopular community charge, popularly known as the poll tax, it ameliorated, but did not eliminate, the gross defects of ...
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Radical stuff from the European commission: it is proposing a tax on the revenues of large digital companies operating in the EU, to be levied at 3%. The idea breaches the basic principle that corporate taxes should be charged on profits, not turnover, and thus will cause conflict with the US and probably ...
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Yes, like the widely analysed origin-based corporate cash flow tax, a DB corporate cash flow tax would generate revenue based on corporate cash flow. But, in contrast with an origin-based tax, much of this revenue is from higher costs for government purchases — that is revenue the government pays ...
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The new federal tax law is paving the way for smoother labor negotiations and more benefits for employees, according to one United Food and Commercial Workers executive. Kevin Garvey, president and UFCW Local 75 in Cincinnati, which just completed a new agreement with Kroger Co. for nearly ...
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A landmark East Boston diner's owner has been charged with cheating the state out of $60,000 in taxes on $861,000 worth of eggs, pancakes and coffee orders. Donna Marquardo, 58, of Lynn, owner of Donna's Restaurant at Saratoga and Bennington streets in Orient Heights, was due to be arraigned ...
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Joint accounts often appear convenient but can be a real headache when it comes to taxes. For federal income tax purposes, the treatment of joint accounts is determined by local law. That sounds confusing since this is a federal tax issue, but what it means is that you look to state law to determine your ...
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The District would raise taxes on sales, commercial property and ride-hailing services such as Lyft and Uber to increase funding for Metro under the 2019 budget Mayor Muriel E. Bowser (D) proposed Wednesday. Bowser's plan, which must be approved by the D.C. Council, spells out for the first time ...
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On Sky News, the senator suggested the big four banks should be exempted from the tax cut in order to win his support, an idea that was flatly rejected by the prime minister, Malcolm Turnbull, later in the day. Turnbull noted the government had already imposed a levy on the banks in last year's budget.
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Timing is everything in politics. And the European Commission's long-awaited proposals to hit Apple, Amazon and Google with a "digital tax" couldn't have come at a worse time for transatlantic relations. Formally unveiled on Wednesday, Brussels' plan for a 3 per cent turnover tax on internet giants ...
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President Donald Trump recently suggested increasing the federal gasoline tax by 25 cents per gallon to help pay for his proposed $1.5 trillion infrastructure plan. Last raised in 1993, the federal fuel taxes currently stand at 18.4 cents per gallon of gasoline and 22.5 cents per gallon of diesel fuel.
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At a meeting last week following Republicans' defeat in a Pennsylvania special election, House Speaker Paul Ryan emphasized the importance of campaigning on the tax law. Rep. Steve Stivers, head of the National Republican Congressional Committee, told members that despite the difficult political ...
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"It is [the] unprecedented taking of the city tax base ... without the local government participating in the decision," Fuleihan told Politico. In a forthcoming report from New York University's Rudin Center for Transportation Policy and Management by Eric Kober entitled "Uses and Abuses of Value Capture ...
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Brady, who helped put through the tax law passed in December, is talking to the White House about a possible "phase two" of the Republican tax plan. He said in April the House will push a bill that restructures the IRS. "We think a new and improved tax code requires a new and improved IRS," Brady ...
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Germany has cooled on ambitious EU plans for a turnover tax that hits big US digital companies, dealing a blow to a policy championed by President Emmanuel Macron of France. Hours after the European Commission unveiled its proposals for a pan-EU tax to raise €5bn annually, Berlin qualified its ...
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Ireland has said for some years now that our attraction for overseas investors is based on much more than our 12.5 per cent tax rate. This theory looks like it is about to be put to the test. The combination of the recent US corporate tax reforms and tax changes likely to come in Europe look set to weaken ...
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The three big credit-reporting firms are planning to remove tax liens from Americans' credit reports, a move that will make some risky borrowers appear more creditworthy and increase the chance they will get new loans from banks. The firms, TransUnion , TRU 0.08% Equifax Inc. EFX -1.64% and ...
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Voters approved a limiting tax rate increase of 85 cents. Homeowners will have to absorb annual tax increases ranging anywhere from $200 to $700, if not more, over the next decade, depending on a home's value. The rate hike is expected to generate approximately $60 million in new revenue for the ...
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Spanish authorities have reopened a tax fraud case against former Real Madrid player Xabi Alonso. Spanish prosecutors are seeking a five-year prison sentence for Xabi Alonso, accusing the former Real Madrid midfielder and Spain international of three counts of tax fraud. Alonso, 36, is accused of ...
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Geneva officials have talked about whether to institute the places-for-eating tax or ask for a sales tax increase for at least two years. Because it is not a home-rule community, it had to ask voters' permission to raise the sales tax. It adopted a places-for-eating tax in October 2016, intending it to take effect ...
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The changes enacted reduce the federal corporate tax rate to 21% from 35%, which should make for higher earnings. However, a less well publicized provision of the new tax code temporarily preserves the 35% tax shield on pension contributions made through Sept. 15 of this year, Senyek adds.
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WASHINGTON—U.S. lawmakers reached a last-minute deal to reverse an error in December's tax law that was helping farm cooperatives and hurting their corporate competitors. The agreement to alter the so-called grain glitch is expected to be attached to a must-pass spending bill slated to become ...
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MARTIN COUNTY — A property tax increase sought by School Board members would bring in an extra $11.2 million for the school district each of the next four years. But the push for more funding approved 4-1 by board members Tuesday is essentially a placeholder, and could change before ever ...
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Paraphrased: If the tax cuts signed into law by President Trump are so great, why didn't the Fed hike growth forecasts very much? Huh? HUH? (The actual question: "Is the continued talk in Washington about tax cuts bringing growth to 3% or higher on a sustained basis overselling their potential impact?
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EAST BOSTON — A Lynn woman faces tax fraud charges connected to sales from her East Boston diner. Donna Marquado, 58, the owner of Donna's Restaurant, was charged with 39 counts each of failure to pay taxes and filing false tax returns on more than $850,000 in sales at her diner. She allegedly ...
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"I think Governor [Jerry] Brown's done a very poor job running California. They have the highest taxes in the United States. … Hey, I have property in California, I will say. I don't think too much about my property anymore but I have great property in California. The taxes are way, way out of whack and ...
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Money that goes toward tuition, fees, books, and several other basics couldn't be taxed, per the tax code, which also refers to a scholarship given to a university employee — hypothetically, an athlete being paid a salary — as a "qualified tuition reduction" and says it can't be considered income.
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Failing to win unanimous backing for the digital tax would come as a fresh setback to French ambitions. Last month, Macron suffered a defeat in his push to rewrite European Parliament election rules, while eurozone countries late last year dismissed his calls to appoint a finance minister for the currency ...
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Three congressional aides said the "grain glitch" correction to the tax bill will not be added to a $1.3 trillion spending bill that Congress has been scrambling to craft ahead of a Friday deadline to avert a federal government shutdown. Added at the 11th hour to the Republican tax bill, the "grain glitch" ...
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The Valley's so-called "snowbirds" — the part-time residents who travel to the desert to escape harsh climates elsewhere — banded together when they heard about Stone's proposed legislation that could force them to pay California income taxes. They organized signature campaigns at local ...
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Republicans created a massive loophole in their recently passed tax law that could have serious consequences for the agricultural industry. Lawmakers are trying to fix what's become known as the "grain glitch" as part of the negotiations over this week's massive spending bill. Negotiations are at an ...
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Bill Fowler, the city's assessor, said the district would provide for a 50 percent tax abatement on a new or replacement facility for no more than 12 years. The abatement covers property taxes and personal property assets within a facility, such as machinery, computers, and hardware. Final approval of a ...
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Guardian Australia has seen a copy of the private briefing materials prepared for crossbenchers by the finance minister, Mathias Cormann, which have been circulated as part of efforts to stitch together the numbers to legislate a reduction in the company tax rate from 30% to 25% by 2026-27.
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Investors sharing Albert Einstein's sentiment that US income tax was the world's most complex topic found little relief in December's US tax overhaul. The most sweeping changes to the code in 30 years reduced federal income tax rates, doubled the estate tax threshold, and trimmed rates for legal ...
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Robots could soon be checking our tax returns, as part of a drive by the taxman to automate millions of its processes. HM Revenue & Customs is planning to start using artificial intelligence (AI) in "compliance and complex tax cases", according to Brigid McBride, its digital transformation director.
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Net results include a total tax benefit of $1.53 billion, or $5.60 a share, arising from the U.S. Tax Cuts and Jobs Act enacted in December. There were three primary components to the benefit, including $1.2 billion for a remeasurement of the company's U.S. tax liability, a benefit of $200 million from a ...
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WEB
Council Tax, Business Rates and Benefits
Council Tax, Business Rates and Benefits. Council tax · General information · Charges · View your council tax online · Will I Qualify For Benefits · How Housing Benefit and Council Tax Support works · Online Benefit Estimate · Tell Me More About Benefits · View your housing benefit payments online.
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View your council tax online
If you pay council tax to South Bucks District Council, you may view your account online. You can use this service to check to see if a payment has been received, and to see how much council tax you are being charged for the current financial year and any other years you have been resident in the ...
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Free Tax Prep Los Angeles
File with confidence at a Volunteer Income Tax Assistance (VITA) site and keep more of your hard-earned money. IRS-certified volunteers provide free basic income tax return preparation with electronic filing to qualified individuals. Persons with disabilities, the elderly, and limited English-speaking ...
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Tax Services
Take a look at our Tax Services page. Mortenson & Rygh is a full Accounting firm located in Cavalier, ND.
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Raymund's Jr Tax Service
3 reviews of Raymund Jr's Tax Service "I would like to say that Leticia was of Big help to me this year when I filed my taxes. She was able to save me a bunch of money and properly organize my taxes and take her time with me. Raymond tax services…
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Income Tax Withholding Oil and Gas Royalty Payments Guideline
Introduction. Introduction. This guideline is for persons responsible for making royalty payments to royalty owners of oil or gas produced in North. Dakota. It explains the requirements for withholding North Dakota income tax from North Dakota oil or gas royalty payments made to nonresident individuals ...
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Schedule Your Tax Preparation Appointment
Schedule Your Tax Appointment A select number of appointments are available each day the tax site is open. Scroll through the calendar below.
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State Lawmakers Name Which Sales-Tax Exemptions Could Go
LITTLE ROCK, Ark. - Arkansans could soon pay more for everyday items like gas and groceries. That is if lawmakers decide to change up parts of the state tax code. The Arkansas legislature's Tax Reform and Relief Task Force named Tuesday morning which sales-tax exemptions could go under further ...
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Personal Property & Real Estate Taxes
Personal Property & Real Estate Taxes. Personal Property and Real Estate Taxes may be paid: In Person at the Vernon County Collector's Office; Online at www.vernoncountycollector.com. This incurs a fee of 2.5% or $1.50, whichever is greater. By Mail: Vernon County Collector 100 W. Cherry, Ste. 10
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NY Times: A Curveball From The New Tax Law — It Makes Baseball Trades Harder
The law changed a corner of the tax code that mostly applies to farmers, manufacturers and other businesses that until recently could swap certain assets like trucks and machinery tax-free. But by adding a single word to the newly written tax code — "real" — the law now allows only real estate swaps to ...
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MCCCI calls for tax reduction
The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has asked Treasury to consider reducing and rationising taxes to boost businesses' productive capacity. Speaking yesterday in Blantyre at the start of the 2018/19 pre-budget consultation meetings presided over by Secretary to ...
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PRESS RELEASE: European Commission digital tax plan is a nail in the coffin for OECD tax rules
The Tax Justice Network welcomes the European Commission's new measures to combat tax abuses in the digital economy – in particular, the intention to ensure taxes are paid in the places where business is done, and where profits are really made. For the last decade, some of the worst offenders in ...
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Business Tax Forms and Information
This page will provide you with a quick overview of Village of Fairfax Earnings Tax Requirements. Not all regulations/policies can be covered here, see Tax Ordinance and Rules and Regulations on this website. Please contact the Tax Department directly with any questions: 513-527-6506. Hours: M-F ...
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Going all in on digital tax
Contrary to the OECD BEPS project, the proposed Directive on the taxation of digital activities – the "structural" solution put forward by the Commission – is not "simply" about updating international tax principles to close loopholes and address aggressive tax optimisation practices. It is about saying that ...
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About Us
Take a look at our About Us page. Biltmore Tax & Accounting Solutions is a full service tax, accounting and business consulting firm located in Phoenix, AZ.
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The Fifth Circuit Puts an End to the Madness with its March Opinion
In Annamalai, the taxpayers filed successive motions to vacate a Tax Court decision. After the Tax Court entered a final decision in favor of the government, the taxpayers unsuccessfully moved to vacate the decision. Rather than filing a notice of appeal within 90 days after the denial, the taxpayers filed ...
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Tytho and Deloitte combine tax technology teams
Tytho and Deloitte, have reached an agreement on the acquisition of Tytho by Deloitte. This bold move reinforces their market leader position in tax technology consulting.
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EU Unveils New Digital-Tax Proposal That Could Cost US Tech Firms Hundreds Of Millions
US tech firms will no longer be able to choose the destination with the lowest tax rate for their European headquarters, if a widely expected European Commission proposal is approved. Beginning Wednesday, the European Commission has proposed new tax rules that would require US tech firms to ...
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EPP Group wants to tax digital business where the user is
Commission initiative comes one week after Parliament's proposal to tax tech giantsThe EPP Group in the European Parliament welcomes today's legislative proposals to tax digital tech companies such as Google, Facebook and.
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FREE TAX CLINIC
Peace Over Violence is hosting a FREE taxation clinic in partnership with Latino Resource Organization. Walk-ins welcome! Requirements for eligibility: Must live in the City of Los Angeles- Not LA County; Must make less than $54,000 annually; Must bring California ID or Consular ID; Must bring social ...
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Referendums — Aurora Voters Dissolve AEC
The closest was the Hampshire Fire Protection District's proposed tax increase for emergency and rescue crews and equipment purposes. Online totals indicate the referendum failed by just three votes — 558 to 555 — according to unofficial vote totals. The DeKalb County election website shows 10 "no" ...
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EU Digital Tax Proposal Misses the Mark
BRUSSELS – Today, ITI, the global voice of the tech sector, released the following statement from president and CEO Dean Garfield urging the European Union Commission to reconsider its proposal for digital taxes. "We agree with the fundamental thesis of the European Commission: today's tax ...
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EU Wants Tech Firms to Pay 3 Percent Tax on Revenue
Tech companies like Facebook and Google could face major tax hits if a proposal by the European Commission (The EU's executive body) is approved: a 3 percent tax on revenue, according to Fortune. Not profit. Revenue. It wouldn't be all revenue, just that which relates to: sale of online advertising ...
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Georgia Tax Return Preparer Sentenced to Prison for Filing Fraudulent Tax Return
An Atlanta, Georgia, woman was sentenced today to 15 months in prison for filing a false tax return, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department's Tax Division and U.S. Attorney Byung J. Pak for the Northern District of Georgia. According to ...
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Thomson Reuters Tax & Accounting Teams with Global Aid Network to Help Feed Thousands
What do you get when you combine Thomson Reuters Tax & Accounting sales teams, leadership, marketing and special guests in competition in the name of a life-saving mission? 108,000 envelopes of tomato, cabbage, okra and squash seeds destined for communities in need around the world.
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Stamp Duty Land Tax avoidance: misleading advertising (Spotlight 43)
The Advertising Standards Authority (ASA) has ruled against misleading advertising of a Stamp Duty Land Tax (SDLT) avoidance scheme by promoter, Fiducia Wealth and Tax.
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Taxation Related to Cannabis Industry is Complicated
During his campaign, New Jersey Gov. Phil Murphy (D) made his intentions to fast track the expansion of New Jersey's medical marijuana program clear. This is the first step towards legalization of recreational marijuana in the state. While legal on a state level in some jurisdictions, cannabis remains a ...
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FASB Addresses Tax Reform Accounting Changes
The Financial Accounting Standards Board has issued guidance to help stakeholders better understand tax reform accounting changes.
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How is tax calculated for exchange withdrawal/deposit fees?
Slack Live Chat · I already have an account (Login). Rules. Be excellent to each other. You are expected to treat everyone with a certain level of respect. Discussion should relate to bitcoin trading. Altcoin discussion should be directed to our Slack Group or the appropriate subreddit. No memes or low ...
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Real Tax Smarts: Understanding This Tax Business
In our last taxing episode… (cue organ music) … our heroine, Angela Morrison, CPA, MSA, MST, and Partner at Huntington Tax Partners in Bedford, provided valuable insight on how the new tax laws affect homeowners. Today, she'll discuss what they mean for businesses.
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Tax Strategy
This tax strategy applies to all Legg Mason Inc. group companies, managed funds and Affiliates. ("the Group"). This strategy forms part of the. Group's ethical framework for employees, who are expected to uphold our 'no chalk' standard. Our tax risk management. • We proactively manage any tax risks ...
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Conformity and Child Tax Credits: How Idaho's $100 Million Tax Cut Could Raise Taxes on Large ...
Idaho Gov. Butch Otter signed a $100 million tax cut last Monday. The bill would reduce Idaho's individual and corporate income tax rates and lower...
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Tax Accountant
Support Accountant: In keeping with the mission of the company, you are eager to contribute to the Tax Preparation Team in delivering the best possible customer experience. You will interact with...
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Last Minute Tax Deductions for 2017
The tax-filing deadline is fast approaching, are you looking for last minute deductions that could save you on your 2017 bill? Explore deductions on taxes you paid, interest payments, medical expenses, miscellaneous fees, and more that may save you. Learn more about 2017 tax deductions with ...
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