Tax Law

Cuba approves new tax law – Thaindian.com

Havana, July 24 (IANS) The Cuban parliament has approved a new tax law designed to cope with the country’s growing private sector. The Tax System Act, which stipulates 25 categories of taxes, will come into force in January 2013 and … Continue reading

Taking Advantage Of Property Tax Abatement Programs – Forbes

The Mills Act provides tax incentives for the restoration and preservation of qualified historic residences. Local governments negotiate these property tax abatements on a case-by-case basis with owners of qualified historic properties.

SALES TAX: Branstad Pushes For Online Tax – NBCNews.com

He’s asking Senator Harkin and Senator Grassley to push federal legislation that will make it easier for the state to collect sales tax on all online purchases. Right now federal law only requires tax to be charged if a store … Continue reading

2012 Wealth Transfer Tax Laws: The Window of Opportunity is Rapidly Closing – jdsupra.com

The window of opportunity to take advantage of the currently applicable wealth transfer tax laws is rapidly closing, and once shut, it is possible that we may never see such generous estate planning opportunities again. The unique estate planning …

Amazon Picks U.S. State Sales-Tax Winners Absent New Law – Bloomberg

When Texas sent Amazon.com Inc. (AMZN) a $269 million sales-tax bill in 2010, the world’s biggest online retailer shrugged. As lawmakers forced the issue last year, the company closed a warehouse near Dallas, cutting 119 jobs. Until April …

Washington must act to avoid damaging economy-Geithner – Reuters

The nonpartisan Congressional Budget Office forecasts that the mix of spending cuts and tax hikes would cause the U.S. economy to contract at an annual rate of 1.3 percent for the first half of 2013 if lawmakers do not act. … Continue reading

Gillard’s Labor Loses Support After Australia Carbon Tax Enacted – Bloomberg

She backtracked on a promise not to tax carbon emissions, implementing the levy on July 1 along with new taxes on iron ore and coal mining profits. Abbott has vowed to repeal the laws should he win power. In a … Continue reading

Colorado shooting reignites gun control law debate, Romney’s tax returns and more [AM Briefing] – Washington Post

“As Americans try to make sense of the tragic shooting in Aurora, Colo., it is natural to reflect on other similar incidents that have scarred our collective memory. And in recent days, this massacre has been compared to shootings at … Continue reading

Online tax collection: It’s what’s in the House – Los Angeles Times

A House committee holds a key hearing Tuesday on a bill that its opponents say would tax the Internet: the Marketplace Equity Act, a bipartisan proposal to let states require online merchants to collect and remit sales taxes. But as … Continue reading

Tax cut votes prelude to bigger "fiscal cliff" fight – Reuters

The Congressional Budget Office says failure to act could spur a recession in 2013. The tax cuts, passed under Republican President George W. Bush, expire at the end of the year unless Congress and President Barack Obama agree to extend … Continue reading