Tax Law

French Lawmakers Pass Trading Transaction Tax – Businessweek

France’s parliament passed President Francois Hollande’s revised 2012 budget, including a 0.2 percent transaction tax on share purchases that takes effect today. Both houses of parliament approved the budget law, which includes 7.2 billion …

NY City property tax system needs reform – grand jury – Reuters

Among the reforms suggested by the grand jury: * Revise the New York City Administrative Code so that criminal tax laws apply to real property tax. * Set an earlier filing deadline for Real Property Income and Expense statements. * … Continue reading

Tax hikes prompt 2 advisory votes on fall ballot – NBCNews.com

state officials said this afternoon.The Attorney General’s Office directed Secretary of State Sam Reed to conduct separate advisory votes on a law that eliminated a tax break for large banks and another that extended a tax on bulk purchases of … Continue reading

New Hampshire Enhances Its Trust Tax Laws – Business Wire

HAMPTON, N.H.–(BUSINESS WIRE)–The New Hampshire legislature has enacted SB 326, which completely eliminates the application of the 5% interest and dividends tax (the “I&D tax”) to “non-grantor” trusts. A non-grantor trust is an irrevocable trust …

Fiscal cliff: Expiring tax laws incite fear – Bankrate.com

Expiring laws will result in higher tax rates on income, investments and families. High-income investors may pay as much as 43.4 percent in taxes for dividends. If Congress doesn’t act by year-end, new laws may have to be applied retroactively. … Continue reading

New Hampshire Enhances Its Trust Tax Laws – Marketwatch

HAMPTON, N.H., Jul 31, 2012 (BUSINESS WIRE) — The New Hampshire legislature has enacted SB 326, which completely eliminates the application of the 5% interest and dividends tax (the “I&D tax”) to “non-grantor” trusts. A non-grantor trust is an …

Romney Has A Duty To Exploit Every Tax Loophole? Horse Feathers! – Forbes

I’d think people would want me to follow the law and pay only what the tax code requires. I’ve been thinking a lot about that interview. Unless Romney was joking (and you can watch the video below and decide for … Continue reading

Insurers eye tax reform to nix fees – Politico.com

Amanda Austin, director of federal public policy for the NFIB, said the Tax Code discussions should open the door to a new look at the full range of taxes in the health care law, including the insurers’ fees. “If we … Continue reading

Duarte becomes latest city to consider emergency tax – Los Angeles Times

The city’s current sales tax rate is 8.75%. Because no council seats are up for election in November, state law requires the city to declare a fiscal emergency in order to place the sales tax measure on the ballot. The … Continue reading

A quarter of Americans expect to pay individual mandate tax – Washington Post

Here’s one factor that might help explain why the health care law’s individual mandate is so unpopular: A full quarter of the population expects to pay the tax for not carrying health care coverage. That’s what the Kaiser Family Foundation … Continue reading