Wednesday, May 2, 2018

Google Alert - tax

Google
tax
Daily update May 2, 2018
NEWS
For many Americans, the tax season is over. Their federal tax returns are in, and they've made vacation plans knowing they can pay for their fun in the sun with a fat refund. But then there are those who owe. For them, there is the ticking time bomb of their tax debt, plus the added burden of interest and ...
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The biggest overhaul of the U.S. tax code in over 30 years, the new law slashes the corporate income tax rate to 21 percent from 35 percent, and charges multinationals a one-time tax on profits held overseas. As a result, analysts had expected Apple to repatriate most of its $252 billion in cash abroad.
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Britain is set to enforce greater transparency in tax havens after a minister for the U.K. government announced Tuesday it would not oppose a legal amendment proposed by a cross-party alliance of lawmakers. Some overseas British territories that are notorious for being tax havens for the world's ...
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Do Illinoisans support the idea of higher earners paying more taxes? It seems to depend on how the question is asked. A poll by the Paul Simon Public Policy Institute at Southern Illinois University showed nearly three-quarters of those asked support a tax that "would be lower for lower-income taxpayers ...
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Whenever Tesla sells its 200,000th vehicle on American shores, it loses a valuable tool: the $7,500 tax credit the federal government gives to anyone who buys an electric car. The timing—Tesla has already confirmed it will hit the 200,000 mark sometime in 2018—is unfortunate. After years of selling ...
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New York state lawmakers found a clever way for employers to help their workers circumvent a new $10,000 federal cap on state and local tax deductions. Employers, however, so far aren't crazy about it. The idea, which became law last month, creates a new optional payroll tax that shifts the state and ...
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SAN JOSE, Calif. (AP) — Apple's tax break on its overseas profits is turning into a $102 billion boon for shareholders. The iPhone maker is raising its quarterly dividend by 16 percent to 73 cents per share, matching the largest increase since Apple restored the payment under shareholder pressure six ...
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Its first strategy, published in August 2016, set out plans for a sugar tax on soft drinks, but did not clamp down on marketing or advertising of unhealthy foods. The plans met criticism from some food campaigners, with Theresa May's former chief of staff boasting that they had "saved Tony the Tiger" - the ...
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WASHINGTON — Democrats have found a news spokesman to slam the massive tax cut bill Republicans passed last year: GOP Sen. Marco Rubio of Florida. In a recent interview with The Economist, Rubio said he's disappointed that the $1.5 trillion tax bill — which he voted for in December — has yet ...
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One of the most repeated myths in state tax policy is called "millionaire tax flight," where millionaires are allegedly fleeing states with high income tax rates for states with lower rates. This myth has been used as an argument in state tax debates for years but Cristobal Young argues in his book, "The Myth ...
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NEW YORK (Reuters) - Slow revenue growth and challenges from the recent U.S. tax reform are hurting many U.S. states' credit quality, said global investment management firm Conning on Tuesday as it issued a negative outlook for the sector for the rest of 2018. Revenues are largely trending below ...
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During the tax-cut debate, when the rival priorities of committing fully to a 20 percent corporate income-tax rate or allowing full and immediate expensing for all business investments emerged, it was the former that won out. This choice may seem small, but it speaks volumes about where supply-side ...
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Inheritance tax should be scrapped, and replaced with a fairer system that would be harder to dodge, thinktank the Resolution Foundation has said. In its latest report into how to tackle unfairness between the generations, the thinktank, chaired by former Conservative minister David Willetts, says ...
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Newspaper headlines: Tax haven u-turn and Sheridan is engaged ... Image caption The i leads with a report about a government u-turn on tax havens following a rebellion by Tory MPs. The move should help "shine a light on politicians and celebrities who hide money and avoid tax", the paper says.
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(Its C.F.O., Luca Maestri, said Apple was indeed investing, but that didn't mean it should keep extra cash on its balance sheet.) But there's a pattern of American companies using their tax windfalls to reward investors rather than to expand. Peter Eavis's take: The amount sounds like a lot, but Apple has a ...
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Minnesota Senate Republicans are proposing a reduction in the state's lowest income tax rate, as part of a proposal unveiled Tuesday that they say is intended to prevent any tax increase on 99.8 percent of Minnesotans. The Senate GOP released its plan a day after the House passed its own tax cut ...
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Tax policy is notoriously complicated. And if the responses to Porter's efforts on a recent Saturday are any indication, people are skeptical. "I don't think my check has changed," says Linda Meredith, a 52-year-old bartender who was among those visited. Meredith says she supported the tax changes.
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The Alexandria City Council, despite pressure from about 50 local restaurateurs who nearly filled the council chambers Monday night, agreed to add 1 percent to its existing local meal tax and dedicate the revenue to affordable housing. The proposal, which has been months in the making and will be ...
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The multimillion-dollar campaign by Australian big business for company tax cuts will not win the support it needs to pass parliament, the chair of the peak body for company directors has said. Asked about the Business Council of Australia's push for a lower corporate tax rate worth $65bn, the Australian ...
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A fight to repeal the state gas tax hike that went into effect last November could be on its way to the ballot box. Supporters of the gas tax repeal effort say they've gathered more than 940,000 signatures statewide - surpassing the requirement of 584,000 signatures to get the measure on the November ...
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Salt Lake City Council members on Tuesday unanimously authorized a half-percent increase in the city's sales tax to fund road repair, affordable-housing incentives, expanded bus service and more police, but they did so amid late-breaking concerns over how the new money would be distributed to ...
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If the governor gets her way, the state would extend an existing business tax break now given to people who get income from so-called pass-through businesses -- mostly partnerships and S corporations -- to sole proprietors as well. The break lets them pay lower taxes than wage earners making the ...
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Arizona and Oklahoma each require a supermajority — or much more than half — of the state legislature to vote to impose new taxes or increase existing ones, as opposed to a simple majority. Conservative organizations like the American Legislative Exchange Council have long pushed for such ...
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Volatility is back with a vengeance, and as a result, so is tax-loss harvesting. While many think this tax-smart strategy is only a fourth quarter move, with stocks whipsawing between up and down days throughout the year, Charles Schwab's David Koenig, chief investment strategist for Schwab Intelligent ...
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JEFFERSON CITY — A 500-page tax package was critiqued in a Senate Ways and Means Committee hearing that ended before about a dozen ... House Speaker Pro Tem Elijah Haahr's HB 2540 includes corporate and income tax reductions from 6.25 to 5 percent, infrastructure funding through license ...
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MONTPELIER - Gov. Phil Scott's administration has abandoned an earlier idea of coercing school districts to reduce staff by threatening a tax penalty. Administration officials still want to increase student-to-staff ratios — but now they would do it through a task force designed to help school districts to ...
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Alabama Power Company customers will see a reduction in their bills because of the federal income tax cut approved by Congress last year, the Public Service Commission announced at its monthly meeting today. The reduction in 2018 will be for $257 million, about a 9 percent cut, the PSC said.
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TIPPECANOE COUNTY — Is a candidate's tax record relevant when it comes to being a prosecutor? Incumbent Pat Harrington thinks so. "If you can't financially handle your own money, how can you handle taxpayers' money?" Harrington said. Challenger Earl McCoy, a local attorney, says no.
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Wayfair, Inc. While it seems like an unsexy, repeal-this-decades-old-tax-law case -- South Dakota would like to repeal a 1992 decision from the case Quill v. North Dakota -- the particulars could reverberate across the 48 states without "Dakota" in their names. And small vendors who use sites like Etsy ...
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Lawyers for Cohen declined to comment to Bloomberg, which reports that Cohen says the taxes are actually owned by fellow New York cab mogul Evgeny "Gene" Friedman. Cohen and his family have connections to a number of taxi cab company owners, including Semyon Shtayner, a longtime Nevada ...
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For many years public relations professional and head of the Specialty Wine Retailers Association, Tom Wark has blasted the Wine and Spirits Wholesalers of America (WSWA) for making large contributions to politicians in order to maintain its "monopoly" in the three tier distribution system. Now, Shree ...
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After decades of tax cuts and underfunding of public education, education advocates are now driving the debate and urging lawmakers to act. Their newest proposal would raise taxes on incomes above half a million dollars for married couples, or above $250,000 for single taxpayers—that is, the same ...
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The Greens tax policy, released on Wednesday, would hit high income earners and target corporate tax avoidance. The Greens plan would bring in "a Buffett rule" to ensure higher income earners paid their fair share of tax by limiting deductions made by those earning more than A$300,000. "This will ...
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SAN JOSE, Calif. (AP) — Apple's tax break on its overseas profits is turning into a $102 billion boon for shareholders. The iPhone maker (AAPL) is raising its quarterly dividend by 16% to 73 cents per share, matching the largest increase since Apple restored the payment under shareholder pressure six ...
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Democratic candidate Sue Bell Cobb made a bold claim about the poor state of Alabama's budget at the governor's debate on April 24, 2018. Cobb, former Alabama Supreme Court chief justice, was responding to a moderator's question about whether she would consider raising taxes. Cobb said she ...
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When CNBC's Jim Cramer realized that the stock market has erased nearly all of its gains since Congress passed the Trump administration's sweeping tax overhaul, he was baffled. "It's like the whole darned thing never happened," the "Mad Money" host said on Tuesday. "Does that make any sense, ...
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Any visitor to the new attraction who doesn't live in a county that approved the tax, called Proposition Z, would have to pay an admission fee that has not been determined. A one-day ticket to the San Diego Zoo Safari Park is $54 for adults and $44 for children 3-11. Admission to the existing zoo in Forest ...
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Tax charges for breaching the lifetime allowance on pension savings have nearly tripled over two years as successive cuts to the relief have taken hold. The lifetime allowance (LTA) governs how big a pension pot can grow, from both contributions and investment growth, and still benefit from tax relief.
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"We think the evidence is that the Trump-GOP tax cuts had little to do with Apple's announcement, and that the company needs to come clean that its huge tax windfall will primarily be used to benefit already wealthy corporate executives and shareholders, not Apple's workers and consumers," said Frank ...
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So which towns in your county have the highest property taxes? And, for that matter, where are the biggest bills in all 21 counties? We are continuing to mine the state's annual property tax report, which shows New Jersey hit a new high of $8,690 per homeowner last year, once again tops in the nation.
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The law includes a number of unclear rules about what income is and isn't eligible for the pass-through deduction. As a result, many business groups and tax professionals have made it a top priority to get clarifying IRS guidance on the deduction. The IRS has included guidance on the deduction on its ...
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The White House will wait until after midterm elections in November before pushing forward with its plans to make last year's tax cuts permanent, according to Steven Mnuchin, Treasury secretary. The Trump administration had previously indicated that it could seek to extend the temporary tax cuts for ...
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The Supreme Court is currently deliberating a case that could have a major impact on ecommerce companies. It's called South Dakota v. Wayfair, and it challenges the current rule that remote sellers are only required to collect sales tax if they have a physical presence in the state where the goods are ...
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Albany. Thousands of New Yorkers almost got property tax refunds from the state that they should not have, according to a recent audit by state Comptroller Tom DiNapoli. A report issued Tuesday found that the state Department of Taxation and Finance was poised to issue more than 15,000 ...
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Aldermen voted Tuesday to give $20,000 to the Springfield Sliders and $8,000 to the city's two-day Juneteenth celebration from the Springfield Convention and Visitors Bureau budget. The SCVB is funded through a lodging tax paid by Springfield hotels and motels. Last week, city officials, along with the ...
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Bupa is under investigation by Australian tax authorities over the healthcare provider's approach to structuring its debt, fuelling calls from campaigners for greater transparency around how companies that receive large government subsidies structure their businesses. The UK-based company disclosed ...
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HB 2479 would carve out a set of broad new exemptions in the sales tax code for certain things you – and more importantly, corporations – use online. Things like streaming services and software remotely accessed over the internet. If this bill becomes law, software and streaming services accessed via ...
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BUFFALO, N.Y. - The Mayor of Buffalo unveiled a $513.6 million dollar budget for the upcoming fiscal year. It calls for a hike in taxes, an increase in the garbage fee, and a new surcharge for anyone attending an event at some city cultural venues. The residential property tax increase is 3.4%, and the ...
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An initiative to repeal California's new vehicle and gas tax may be heading to the November ballot. If voters approve the repeal, thousands of road and transit projects — including the BART extension to the South Bay — would be in jeopardy. (East Bay Times) A new shopping center in East Oakland ...
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All over Upstate New York, condominium owners are taking advantage of a loophole in state law that gives them a big break on property taxes. The homes look no different from their neighbors. But because they are classified as condominiums, their assessments are based on an estimated income value ...
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WEB
Board of Equalization
The Taxpayer Transparency and Fairness Act of 2017, which took effect July 1, 2017, restructured the State Board of Equalization and separated its functions among three separate entities to guarantee impartiality, equity, and efficiency in tax appeals, protect civil service employees, ensure fair tax ...
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3 States With No Income Tax
If you don't like paying income tax, these three U.S. states could be for you. UP NEXT. NOW PLAYING: Video. a red sign with white text: 3 States With No Income Tax. 3 States With No Income Tax. Kiplinger Logo Kiplinger. UP NEXT. Comcast ready to stick it to streamers. Wochit Business Logo Wochit ...
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Legislative Update
With three weeks remaining in the Minnesota legislative session, taxes and supplemental finance bills will again be the focus this week.
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Indiana Courts > Appellate Opinions
09/30/15, Indiana Department of State Revenue, Inheritance Tax Division v. James F. Keenan and Wells Fargo Bank, N.A., as Co-Personal Representatives of the Estate of Judd Leighton, 71J01-0602-EU-000007, 71T10-1211-TA-74. 09/18/15, RJK Trust/ Robert J. Kuchler, Trustee v. LaPorte County ...
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Facebook Co-Founder Calls For Tech Firm 'Data-Tax' To Fund 'Data-Dividend'
But in what is perhaps the highest-profile defection, Facebook co-founder Chris Hughes, who helped start the company along with Mark Zuckerberg, Dustin Moskowitz and Eduardo Saverin during their days living and working together at Harvard, is now calling on lawmakers to consider a data tax that ...
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How's That Tax Cut Working Out?
So far, Donald Trump and his allies in Congress have achieved one and only one major legislative victory: passing a large tax cut, mainly aimed at corporations and business owners. The tax cut's proponents promised that it would lead to a dramatic acceleration of economic growth and produce big ...
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Do Illinoisans support a progressive tax?
Do Illinoisans support the idea of higher earners paying more taxes? It seems to depend on how the question is asked. A poll by the Paul Simon Public Policy Institute at Southern Illinois University showed nearly three-quarters of those asked support a tax that "would be lower for lower-income taxpayers ...
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A Tax Cut Worthy of a Worker's GOP
Republican Congressional leaders are talking about voting on a second tax cut bill later this year. The tax cuts passed last year were made permanent for corporations but will expire in 2025 for individuals. The leaders' proposal would make the personal income tax changes permanent, too. This is much ...
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House tax plan passes to mixed reviews
Republican Tax Chairman Rep. Gregory Davids speaks to the House ahead of the tax plan vote.
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FAQ: Online Tax Payments
Answers to frequently asked questions about online tax payments.
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House Passes Its Tax Plan, Senate Next
Taxes have taken over as the 2018 Minnesota Legislative session's No. 1 issue, thanks federal tax law changes that will affect most Americans. The House tax plan passed 90-38 Monday, April 30, and Senate Republicans announce their proposal Tuesday morning, making it the third plan as ...
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Senator Rubio criticizes Trump's tax bill
Rep. Diane Black (R-Tenn.) discusses why Senator Marco Rubio (R-Fla.) was wrong to slam President Trump's tax reform policy.
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Taxes
Assessment. Link to page. Property Taxes. Link to page. Tax Rate Reductions. Link to page. Transfer Tax (PDF). Link to page · Assessment · Property Taxes · Tax Rate Reductions · Transfer Tax (PDF). Parcel Search · Start or Expand a Business · Work for NCC · Pay a Bill · Libraries · Parks & Rec ...
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Additional 2018 Tax Deadlines
Keeping track of all the deadlines for government mandated forms, tax payments and other tax-related tasks can be burdensome. Below is a summary of due dates – keep in mind some deadlines have been altered compared to previous years. Contact us if you have any questions regarding these ...
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Should we have a special tax on "data"?
by Samuel Hammond. Facebook co-founder Chris Hughes has a provocative new essay in The Guardian arguing for "a new tax on the revenues of any companies that collect and store meaningful amounts of information and data about people to build their businesses." While his proposal is not fully ...
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Eliot Property Tax Due Date Nears
Eliot Property Tax Due Date Nears. Posted on: May 1, 2018 - 11:01am. Tax Collection Picture. Reminder The second installment of the 2018 Real Estate Taxes are due by Wednesday, May 16, 2018. Because the due date falls on a Wednesday, if paying in person please note that the office is open on ...
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Tax Deed Sales
Sales Dates & Times. Tax Deed sales are held online on Tuesdays, starting at 10 a.m.. Searching for Documents. To search for documents related to sales prior to Nov. 22, 2016, please use the OnBase Instructions. To search for documents related to sales on or after Nov. 22, 2016, please use RealTDM ...
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Special Session 2018: As Tax Cut Estimates Shift, Legislators Consider New Bills
A business tax cut Gov. Kate Brown hopes to speed through the legislature in May could be smaller than first anticipated, a new analysis suggests. But in.
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UK to back more transparency for its overseas tax havens
LONDON (AP) — Britain is set to make its overseas tax havens disclose the true owners of companies registered there in a bid to clamp down on tax avoidance and money-laundering.Legislation b.
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Is Your Company Ready For Tax Changes?
MENLO PARK, Calif., May 1, 2018 /PRNewswire/ -- The U.S. Tax Cuts and Jobs Act of 2017 is now in effect, but its implementation and impact on businesses is just starting to unfold. A survey of CFOs by financial recruitment firm Robert Half Finance & Accounting shows only about one-third of ...
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Tax Reform Bill Becomes Law: Lessons For Tax-Exempt Organizations [PODCAST]
In this episode, Michael Peregrine, Partner at McDermott, Will & Emery discusses the new reality that tax-exempt organizations, especially hospitals and health systems, face under our new tax reform law.
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New in 2018: Tax Payments & Reporting Move Online
City of Albuquerque to accept online payments for Lodgers Taxes, Hospitality Fees, Liquor Permits, and Pawn Broker Permits.
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Critical bill matching state, federal tax codes passes House
ST. PAUL, Minn. (AP) – The Minnesota House has passed a bill matching the state's tax code with new federal tax cuts. The GOP-backed proposal that cleared the House Monday includes modest income tax rate cuts for more than two million Minnesotans and a slight increase to the standard deduction.
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Tourist Development Tax
If your short term-rental is listed on an online website platform, such as VRBO, HomeAway, FlipKey, or Craigslist, you must collect and remit the tourist development tax on the gross rent received (rent plus any mandatory fees). If you advertise your short-term rental on Airbnb, Airbnb will collect and remit ...
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Tax Accountant
job description. Tax Accountant - Marlborough, MA. This is a contract role expected to last 5 months. Tax Accountant - Job Duties: Assist the Payroll Tax Manager and Senior Tax Analysts with general ledger reports and account reconciliations. This position will be responsible for accounting processes ...
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New Web Page Lets You See Your Property-Tax Info, Pay Taxes Online
Kane County now offers a state-of-the-art, property-tax information website that provides tons of valuable information and lets you pay your property taxes online. The tax inquiry page looks like this. It's called DevNet, and you have to see it to believe it, Kane County Supervisor of Assessments Mark ...
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Which Tax Documents Should You Keep?
If you're like many Americans, you may be breathing a sigh of relief now that "tax day" has come and gone. You may also be wondering how long you need to hold on to the tax records and documents you accumulated during the preparation of your income tax return this year, as well as where and how ...
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Hospital and taxes
To the people of Arkansas City, I ask you why vote yes on the tax again for the hospital? I thought the government officials said two years ago that tax.
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Correct your taxes with the Voluntary Disclosures Program
The Voluntary Disclosures Program (VDP) gives you a second chance to change a tax return you previously filed or to file a return that you should have filed.
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Trade Me wants Government to rethink approach to Amazon tax
Trade Me could suffer from the introduction of an Amazon tax, with GST likely to be slapped on many new goods sold through its online marketplace. Kiwi retailers are celebrating a proposal by the Government to make foreign firms levy GST on sales they make to New Zealanders, for example through ...
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Price Says Tax Law Will Hike Health Care Costs
Tom Price, President Trump's first secretary of the Department of Health and Human Services, said "the Republican tax law would raise the cost of health insurance for some Americans because it repealed a core provision of the Affordable Care Act," the Washington Post reports. Said Price: "There are ...
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Tax
I support tax reform that helps individuals, working families, and communities, not corporations, the wealthy, and well-connected. While I am in favor of tax reform, I opposed the Republican tax plan. This plan claims to benefit the middle-class yet it suspends deductions for interest on home loans (which ...
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So you've filed your 2017 tax return, now what? - 100.7 KFM-BFM
Keep your income tax records and any supporting documents for six years after the last tax year they relate to in case the CRA reviews your return. To support a deduction or credit you claimed, the CRA may ask for documents other than official receipts, such as cancelled cheques or bank statements.
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International Tax - Supervisor/Manager
The Global Finance Organization at Monsanto has an excellent opportunity available for an International Tax - Supervisor/Manager to join our team. The individual in this position will serve as a key member of a large international tax team while experiencing a wide variety of compliance and tax ...
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Tax Senior Associate
Career you will have. Tax Senior Associate Job you will do. Typical Day in the Life A typical day as a Tax Senior Associate in Tulsa, OK might include the following: Prepare a return for a multi-million dollar real estate organization. Work with the tax team to ensure the various components of the tax ...
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One-shot tax revenue surge isn't going to cure CT's budget woes
In an explanation by our chief revenuer of why this past quarter's income tax payments are a one-time occurrence (hedge funds repatriating overseas profits, and profit taking by investors mostly), there's this awesome lagniappe: A corporation — which Sullivan can't name — sent in a $25 million check ...
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SB 888 to end wind tax credit refundability stalls
With SB 888 failing to advance Monday, lawmakers committed to ending the wind tax credit refundability could turn their attention to HB 3716, a bill that surfaced Friday. HB 3716 eliminates the refundability but allows companies to retain the credits for 20 years to decrease their Oklahoma tax liabilities.
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Tax Deed Sales
If you are the highest bidder, and you do not honor your bid for any reason, you may be barred from participating in future tax deed sales. Any payments received after the payment deadline will be applied to your bidder account as a deposit, and can be refunded pursuant to normal refund procedures.
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Tax Time - Dates for May 2018
Your tax dates for the month ahead: 1 May 2018 – Due date for corporation tax due for the year ended 30 July 2017. 19 May 2018 – PAYE and NIC deductions due for month ended 5 May 2018. (If you pay your tax electronically the due date is 22 May 2018). 31 May 2018 – Ensure all employees have ...
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Parcel Tax
The Manhattan Beach Unified School District is facing a financial crisis: low funding. The Manhattan Beach Education Foundation is pushing for a Parcel Tax, which is a form of property tax placed on a unit of property, instead of assessing it based on the entire value of the property. This tax will go to fund ...
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NOTICE: To All Eligible Sellers Participating in the Simplified Sellers Use Tax Remittance Program ...
NOTICE. To All Eligible Sellers Participating in the Simplified Sellers Use Tax Remittance Program and All Marketplace Facilitators Making Sales into Alabama: The Alabama Legislature has passed and the Governor has signed Act 2018-539 amending Sections 40- 23-190, 40-23-191, 40-23-194, and ...
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Henry county ga tax commissioner
The Henry County Tax Assessor is the local official who is responsible for assessing the taxable value of all properties within Henry County, and may establish the amount of tax due on that property based on the fair market value appraisal. See reviews, photos, directions, phone numbers and more for ...
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5 Money Saving Tips for After the Tax Season
By Roxy Caines. Now that you've filed your taxes and claimed the tax credits you are eligible for, what else can you do to boost your savings and maximize your money? Planning before spending can benefit your financial health. Here are five steps to help you plan and prioritize for the rest of the year.
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Local property tax rate set with 1.74% increase
The New Canaan property tax rate for July 2018 through June 2019 was finalized by the Board of Finance at 16.96 mills, which is an increase of 1.74% over the current rate. The finance board set this rate, known as the mill rate, after agreeing to apply $2.5 million from the Town's unassigned reserves to ...
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