Thursday, May 3, 2018

Google Alert - tax

Google
tax
Daily update May 3, 2018
NEWS
The tax, which would only apply to businesses making $20 million a year or more—like, theoretically, Amazon—in taxable income. It would start in 2019 as an hours tax, where businesses affected would pay an additional 26 cents per hour for each employee working in Seattle. Eventually, by 2021, the ...
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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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It's no coincidence that Apple is a major beneficiary of the GOP tax cuts — its effective tax rate (the amount it actually pays) has dropped by about 10 percent between this year and last, and it's saving an estimated $47 billion on taxes on profits earned overseas as well. Of the multiple major buyback ...
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Washington (CNN) Sen. Marco Rubio said last week there's no evidence that the GOP tax plan's lowered corporate tax rate has significantly helped American workers -- but on Wednesday, he said the tax law "on the whole" helps most Americans even if the cuts to the corporate tax rate largely do not.
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Wall Street's migration began after the last financial crisis as banks and money managers looked to trim expenses or take advantage of lower tax rates. Hiring in lower-cost regions can mean millions of dollars in annual savings. A new tax plan passed last year by Congress also reduced tax breaks that ...
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With just a few weeks left in Minnesota's regular legislative session, all three players – Governor Dayton (DFL), House Republicans, and Senate Republicans – have released tax proposals. Governor Dayton's proposal included some positive changes, but overall missed an opportunity for economic ...
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A requirement that those who rent their homes to tourists charge bed tax should provide tens of thousands of additional dollars annually to the county's occupancy tax receipts, which amount to more than $4 million a year on hotels, motels and bed-and-breakfast establishments. Short-term home rentals ...
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Indeed, tax reform is bringing sweeping changes to the tax filings of just about everyone, with many of its new provisions beginning with the 2018 tax year. Owners of and investors in real estate will be especially affected, in a number of ways. These are a few of the changes of which we are speaking to ...
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Earlier this week, Senate Majority Leader Jack Whitver, R-Ankeny, said preliminary numbers indicate individual taxpayers and businesses will see their tax liabilities lowered beginning in the 2019 tax year. The overall cut for state income taxes paid by individuals and businesses would be about $2.7 ...
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On "tax day," U.S. House Speaker Paul Ryan trumpeted what he said are some of the benefits -- in addition to lower taxes -- of the GOP tax reform signed into law in December 2017: Pay raises and bonuses for workers, and companies creating more jobs and bringing home money from overseas.
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OKLAHOMA CITY — Oklahoma voters could get a chance to vote on repealing a tax hike package used to fund a teacher pay raise. Tax hike critics on Tuesday filed a referendum petition seeking to overturn House Bill 1010xx. The bill, passed in a second special session, raises taxes to fund an average ...
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Now that the effects of last year's tax reform bill are being felt, the proposals to reform the reform (say that quickly three times) keep rolling in. Last month, Sen. Bob Casey (D-PA) put forth a bill to reinstate unreimbursed job expenses. This week, Rep. Richard Nolan (D-MN) introduced H. R. 5662, also ...
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Lawmakers on Wednesday sparred over a proposal to change the state's tax structure, with Democrats expressing support for taxing higher earners more than low-income taxpayers while Republicans decried the idea as an attempt at "class warfare" to score political points ahead of the November ...
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ALBANY - A handful of Senate Democrats raised questions on Wednesday about the beneficiaries from expanded tax cuts proposed by Senate Republicans. More than a dozen bills passed the chamber as part of the Republican's majority jobs and opportunity agenda, including two bills advertised as ...
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Under the old tax law's "Bicycle Commuter Act," employers reimbursed employees up to $20 a month for qualified expenses, including bike repairs and improvements. That reimbursement was not taxed. The Tax Cut and Jobs Act suspends that benefit until January 2026, and also forbids deductions for ...
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Remember when the goods and services tax (GST) out of India was a "bad idea"? It was received half-heartedly at best by Mr. Market. Only a wee bit better than the rupee cash money kill that took smaller notes out of circulation. But on Monday, investors saw that the plan to unify the tax code across state ...
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Paul Krugman thinks the Republican tax law is failing to stimulate economic growth as promised. "We should be seeing an investment boom or at least some indications of a planned increased investment," the Nobel Prize-winning economist told CNN correspondent Paula Newton on "Quest Means ...
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Palm Beach County public school leaders are gearing up to make a case to voters to raise school property taxes by as much as $153 million a year, saying the new money would mean enhanced school security, more mental health services and long-delayed teacher raises. The school district has begun ...
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While colder weather was a key factor, Chief Executive Officer Tom Fanning also credited President Donald Trump's tax overhaul with spurring demand for power from factories and other industrial customers. Fanning's also confident the legislation, which limits deductions for state and local income taxes ...
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Then there were three. With only a few weeks left in the 2018 legislative session in Minnesota, the governor and the House and Senate have all finally unveiled their plans to tackle the issue of tax conformity this year. The final piece of the puzzle came Tuesday morning, with the rollout of the Senate tax ...
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In a major move toward a bipartisan budget compromise, Republican legislators recommended more funding for social services, higher education, transportation and municipalities — and agreed to help pay for them by tapping about $300 million of this spring's income tax windfall. The revised budget ...
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The records weren't easy to obtain, and the payments – from Columbia County's sales tax and general obligation bond accounts - looked suspicious, according to the campaign of a commission chairperson candidate. Numerous payments to county employees. A check for "house rent." A couple of ...
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By Michael P. Norton. State House News Service. BOSTON -- The ballot committee opposed to a $1.25 billion reduction in the sales tax says Gov. Charlie Baker should outline areas of government he would cut if the initiative petition prevails in November. In Worcester on Saturday, Baker told ...
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French President Emmanuel Macron has stirred up a new hornets' nest with a promise to scrap the 30 percent "exit tax" on top-earners who take their assets out of the country. Left-wingers seized on the announcement in an interview with American business magazine Forbes to repeat their claim that ...
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Cobb, former Alabama Supreme Court chief justice, was responding to a moderator's question about whether she would consider raising taxes. Cobb said she would present the Legislature "a modest but adequate increase in our fuel tax" to repair the state's crumbling infrastructure. The reason?
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"It is essential that we move forward together to prevent a $58 million statewide property tax rate increase this year, address recurring deficits in the Education Fund and generate $300 million in savings to (provide) more and better educational options for kids, as well as lower tax rates," Scott said ...
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Bloomberg's Jason Kelly discusses big banks moving from New York to more tax friendly locations. He speaks with Alix Steel and David Westin on "Bloomberg Daybreak: Americas." (Source: Bloomberg). RELATED ARTICLES. Wall Street Slaps Down NYC Again With AllianceBernstein's Move to ...
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Fremont Public Library District residents could see the library's portion of upcoming property tax bills decrease because the loan that funded the construction of the Mundelein building has been paid off. The library's tax rate will drop to about 36 cents per $100 of equalized assessed valuation, from about ...
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In the years for this report, specifically 2013 versus 2016, we saw solar power almost triple in volume deployed, while the cost in tax incentives for those projects fell by almost 50%. In the third edition of Direct Federal Financial Interventions and Subsidies in Energy, Fiscal Year (FY) 2016, EIA spells out a ...
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A new poll shows residents of four Northern New Mexico counties overwhelmingly support extending a 2008 gross receipts tax increase that funds the ... The bus service commissioned the poll at a cost of $36,000 and made the results public as it works to gain voter authorization to sustain the tax well ...
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In simple terms, the law's provision to increase in the standard deduction likely means that fewer U.S. taxpayers will itemize deductions during tax season next year, essentially negating any fiscal advantage gained from listing individual charitable contributions. Also, lower tax rates make deductions less ...
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A few weeks ago, countless Americans rushed to get their tax returns in by the April 17 deadline. But for those who procrastinated and couldn't get their act together in time, thankfully, there was the good old tax extension to fall back on. The neat thing about tax extensions is that there's no requirement to ...
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Board members on Tuesday unanimously approved advertising a 7-cent increase to the real estate tax rate, along with a 17-cent increase to the personal property tax rate. They will hold a public hearing on the proposed rates the evening of May 15 at the Franklin County Government Center in Rocky ...
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For obvious reasons, most consumers would seemingly oppose a gas tax. Why would anyone want to pay more at the pump? Supporters say that those who use the roads should be the ones to pay for it, too. Opposers argue that many consumers already struggle to make ends meet and increasing their ...
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The tax cuts President Trump signed at the end of 2017 are already boosting corporate profits, and they'll probably enhance economic growth for at least a year or two. But could they be doing more? Jason Furman thinks so. "We missed the opportunity to do the type of tax reform we should have done ...
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In a divided voice vote last week, the Arkansas Tax Reform and Relief Legislative Task Force opted to take a closer look this summer at the option of raising the sales tax on groceries and creating either a refundable earned income tax credit or an income tax credit for people with low to moderate ...
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WEB
School district spending and tax plans - 2018
Here are the details, along with the proposed tax levy and enrollment for most Long Island districts. New Suffolk, Sagaponack and Wainscott were not included in the state announcement. You can see last year's data on school spending and taxes. This database was posted on May 2, 2018.
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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. 3 ways to retire without a mortgage. Kiplinger Logo Kiplinger · Couple ...
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Download the latest payroll tax table update (CA and UK only)
Download the latest payroll tax table update (CA and UK only). QuickBooks Desktop provides payroll updates with the most current and accurate rates and calculations for supported provincial and federal tax tables, payroll tax forms and e-file options to active Payroll subscription customers.
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Amazon halts Seattle growth, flexing muscles on tax threat
Amazon.com Inc. is playing hardball with its hometown of Seattle as the city council nears a vote on a new tax targeting large employers to address homelessness and housing affordability.
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Assessor
Appraise Real Property and Manufactured (Mobile) Homes for tax purposes; Accept and process written appeals to values generated by this office; Update ownership on real property records based on recorded transfer instruments (deeds); Determine area of land to be included in a tax parcel of land ...
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Insights
Gift Tax Returns and Adequate Disclosure. Filing a gift tax return may seem like a costly hassle, but it's important to do it right. A... more. September 2, 2015. By: Aronson. Blog ...
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North Carolina
Browse thousands of federally licensed Enrolled Agents. Filter by State, Tax Specialty, and more. | Tax experts in United States, North Carolina.
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Fort Smith sales tax shortages for first quarter of 2018 nearing $500000
Sales tax collections have missed expectations and previous year performances for the first quarter of 2018 by close to $500,000 when combining Fort Smith sales tax and the city's share of county sales tax revenues. Jennifer Walker, the city's finance director, said the city is "running about 2-3% behind ...
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Scrap Inheritance Tax and replace it with one that is fairer to families and harder to avoid
Inheritance Tax should be abolished and replaced with a new system that commands greater public support by being fairer to families and harder to avoid, according to a new report published today (Wednesday) by the Resolution Foundation for the Intergenerational Commission. Passing on, the 21st ...
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Transit Tax Overwhelmingly Defeated in Nashville
The vote on the transit tax referendum was yesterday, and the transit tax was defeated by a 2-1 margin, despite proponents significantly outspending opponents. This was a major defeat for the chamber of commerce, which was the major backer of the transit initiative. Giving the resounding nature of the ...
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Marco Rubio Attempts to Clarify his Recent Tax Reform Remarks
Recently, Sen. Marco Rubio gave an interview with 'The Economist' in which he gave some very strange criticisms (coming from a Republican at least) of the newly passed Tax Cuts and Jobs Act of 2017. We've gotten used to hearing doom and gloom from the lips of Nancy Pelosi and Chuck Schumer.
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Lawmakers Considering Tax on Airbnbs
Some local businesses argue that the rentals aren't on a level playing field because bed and breakfasts, hotels and motels all pay sales and innkeepers fees. But Airbnb operators say that paying taxes could have a big impact on people who rent their homes and apartments and could make them decide ...
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New York State's Tax Cap, explained
In June 2011, New York state leaders responded to calls for property tax relief by enacting a law that placed restrictions on how school districts and municipalities may increase their tax levies. Although often referred to as a "2 percent tax cap," this law does not, in fact, restrict any proposed tax levy ...
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California Conservatives Get a Million Signatures to Fight Gas Tax
California conservatives fired up the state's latest tax revolt Monday by submitting nearly one million signatures to repeal the recent tax increase on gas and diesel. It's almost double the amount of signatures they needed to get the repeal on the November ballot. The Washington Times reports supporters ...
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MCTU wants tax-free band widened
Malawi Congress of Trade Union (MCTU) has asked government to increase the tax-free income tax band from K25 000 to K50 000 to give employees more disposable income. Speaking during this year's commemoration of International Labour Day at Masintha Ground in Lilongwe, MCTU president ...
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Motor Fuel Tax Filing
Motor Fuel Tax Filing. File and pay state taxes for transporting gasoline, distillate fuels, LP gas, and natural gas. Go to Motor Fuel Tax Filing. 6. Department of Finance & Administration. http://www.dfa.arkansas.gov/offices/exciseTax/MotorFuelTax/Pages/default.aspx. All State Agencies · Arkansas Code ...
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Permanent Extension Would Double Down on 2017 Tax Law's Fundamental Flaws
Treasury Secretary Steven Mnuchin said this week that the Trump Administration would like to "make the middle-class tax cuts permanent," presumably referring to the 2017 tax law's individual tax provisions, most of which are set to expire after 2025.
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EIMEA Corporate Tax Manager
The EIMEA CORPORATE TAX MANAGER reports to GLOBAL TAX DIRECTOR and EIMEA RECORD TO REPORT MANAGER and is responsible to support effectively and efficiently all operations related to Direct Taxation (Corporate Income Tax). PRIMARY DUTIES. • Responsible for all matters related ...
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Payments and invoicing
Read about the different types of payment options you can offer your customers, and how to provide an invoice for payment.
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The New Tax Plan
A new tax plan could mean new tax strategies for retirees. How does that apply to your retirement? What are the key changes between the old and new tax plans? Have RMD rules changed in the new plan? How will retirees be able to itemize with a higher standard deduction? Explore these questions ...
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For Small Business Week, IRS highlights key business tax topics
WASHINGTON — In recognition of National Small Business Week, April 29 to May 5, the Internal Revenue Service is highlighting several resources to help small business owners and self-employed individuals understand and meet their tax obligations. The new tax law changes enacted in December ...
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KS Legislature Working On Income Tax Cuts
Kansas legislators are moving ahead with proposals to cut income taxes so that some individuals and corporations don't pay more to the state because of changes in federal tax laws. House and Senate negotiators agreed Wednesday (5/2) on several proposals during ongoing talks on the final version ...
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Understanding the New Tax Law & How it Impacts Your Business
Description: The new $1.5 trillion tax law represents the biggest change to the tax code in a generation, and there are opportunities and challenges for the sign, graphics and visual communications industry. Certain tax rates have changed, existing deductions and other provisions have been eliminated, ...
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ODU Students Help 160 Community Members Complete Tax Returns
Ohio Dominican University's Accounting students and faculty prepared 160 federal and state income tax returns during ODU's 12th annual Volunteer Income Tax Assistance (VITA) program. ODU is one of several sites around Columbus that coordinates with the United Way of Central Ohio to prepare tax ...
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Brady Talks "Phase Two" of Tax Reform
Congress and the president should work to make the tax code better every year according to House Ways and Means Committee Chairman Kevin Brady, R-Tex. Moreover, Brady claims that he and the president share this goal and are looking toward to "tax reform phase two." ...
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With GOP Tax Scam, Corporations Lay Off Thousands to Enrich Investors
While celebrating their tax cuts, corporations are announcing more than $300 billion in stock buybacks to enrich their executives and investors. And that's not all. Many of the companies padding their pockets from the tax bill are simultaneously announcing thousands of layoffs – cutting, not creating, jobs.
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Sales tax voters will chart Ontario's future
Ontario's future will be charted by what voters decide on the city's proposed sales tax. The debate has been clouded for weeks by sometimes excessive rhetoric. Voters should now judge for themselves: What would Ontario look like with and without money from a sales tax? Ontario sits at a significant ...
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Hi How much is the tourist tax please and is it...
Globales Club Almirante Farragut, Cala'n Forcat: "Hi How much is the tourist tax please and is it..." | Check out answers, plus 2010 reviews and 2848 candid photos Ranked #2 of 4 hotels in Cala'n Forcat and rated 4 of 5 at TripAdvisor.
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Tax Reform Landing page
Understand tax reform. Let us help. TaxAct is up-to-date with the latest tax laws so you can file your return with the ultimate peace of mind. Six key changes under the tax reform plan. The tax reform changes went into effect on Jan. 1, 2018. But, most of those changes don't impact 2017 tax returns. 1 ...
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Tax Reform: Before and After
Related Content. The Facts About Income Tax. Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you. Understanding Marginal Income Tax Brackets. An inside look at how marginal income tax brackets work. Tax Management Strategies.
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Tax Bills, Petitions, and Growth
Tax Bills, Petitions, and Growth. Why CBO thinks the TCJA will cost $433 billion more than in December. TPC's Ben Page explains what happened. "Some of the revision is due to CBO's new, more optimistic, projection of economic growth over the period. But that more positive forecast is only part of the ...
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RPT-Tax activists slam US reporting exemption for defense firms
(Repeats with no changes). WASHINGTON, May 1 (Reuters) - Tax activists this week criticized a U.S. government move to exempt large defense contractors from a financial disclosure rule meant to fight international tax dodging, saying the need for a national security exemption was unproven.
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Amazon halts Seattle construction project ahead of tax vote
SEATTLE (AP) - Amazon says it has halted construction planning on a high-rise building in Seattle while it awaits the outcome of a city proposal to tax worker hours. The City Council is considering a proposed "head tax" on high-grossing businesses to raise about $75 million annually for affordable ...
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Apple's Tax Break Yields $102 Billion Boon for Shareholders
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 years ago.
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As Part of Results for the Middle-Class Tax Reform Tour, Portman Delivers Remarks at the ...
Portman Fought to Preserve New Markets Tax Credit in Tax Reform Law; Key Tax Incentive Helped Fund Renovation. WASHINGTON, D.C. – Today, U.S. Senator Rob Portman (R-OH), as part of his Results for the Middle-Class Tax Reform Tour, delivered remarks at the Youngstown Rotary Club meeting ...
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Links May 2
Thousands of Scotland's tax haven firms face being struck off Herald Scotland. As U.K. moves to shut down tax-haven secrecy, Canada seen lagging CBC. India: Government panel lists parameters that define a shell company; Centre urges whistle-blowers to report suspicious activity Firstpost.
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Supreme Court lets million dollar FBAR penalty stand
The Supreme Court has declined to review a Ninth Circuit decision, affirming a district court, which found that a taxpayer willfully failed to file a Report of Foreign Bank and Foreign Accounts (FBAR) with regard to her foreign account. The Ninth Circuit rejected a variety of the taxpayer's arguments, ...
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Tax Senior Associate - State & Local Tax - Income & Franchise Tax
Job Description for Tax Senior Associate - State & Local Tax - Income & Franchise Tax in Los Angeles, California - Grant Thornton 040162.
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