Tax Law

Chinese court upholds Ai Weiwei tax fine – Reuters

Tax authorities are demanding the company that markets his … “I knew the regime could be shameless, but I didn’t quite believe that a regime could act so shamelessly that they become rascals,” the rights lawyer said. Ai has said … Continue reading

Darrell Issa Considers Loosening D.C. Height Act, Examining Commuter Tax Ban – Huffington Post

Rep. Darrell Issa led a hearing Thursday on reducing federal restrictions on the height of buildings in Washington, D.C., the first in decades on the subject. It was the latest move from the California Republican to support giving the District … Continue reading

Marketplace Fairness Act will help millions of small businesses – St. Louis Post-Dispatch

… task of figuring out how much sales tax I need to remit and filling out all the sales tax return forms was a concern. The Marketplace Fairness Act (MFA) provides an incentive for states to simplify their sales tax … Continue reading

Tax Cuts for Small Businesses and the Middle Class Will Spur Job Creation – policymic.com

This chart illustrates the level of cash on the sidelines. The American Jobs Act, Obama’s legislation, gives tax cuts to everyone who is employed. If you have a job, you get to keep more money. The idea is to leave … Continue reading

Speculation mounts over Romney’s tax records – Financial Times

Tax experts have devised a different theory of how Mr Romney’s IRA grew exponentially, and it involves a complex valuation of the securities that it held. Edward Kleinbard, a professor at USC Gould school of law, says he believes the … Continue reading

China Rejects Artist’s Lawsuit Against Tax Office – ABC News

The company filed a lawsuit accusing the tax bureau of violating laws in handling witnesses, evidence and company accounts in the case. Ai’s wife, Lu Qing, the legal representative of Beijing Fake Cultural Development, was allowed into the court …

Top 2% Not Job Creators or Millionaires in Tax Debate – Bloomberg

Separately, as part of the 2010 health care law, a 3.8 percent tax on top taxpayers’ “unearned income,” including capital gains and dividends, takes effect in 2013. The administration’s proposal would raise income taxes for 1.3 percent …

Tax laws too soft on non-residents – Hindu Business Line

It is amazing to find Indian tax laws, which talk tough to non-residents abroad, making a tame surrender to non-residents (such as FIIs) admittedly earning and receiving their income in India. July 20, 2012: The origin of the current tension … Continue reading

Congressional leaders urge Romney to release tax returns but keep theirs secret – Cleveland Plain Dealer

the president isn’t alone in having a say over the nation’s tax laws. Congress also stands to gain or lose by the very tax policies it enacts, and tax records — more than any broad financial disclosure rules now in … Continue reading

Opposing view: Two years of tax returns is plenty – USA Today

He also released a lengthy estimate of his 2011 tax return, and will release his full 2011 return … report required of candidates under the Ethics in Government Act. Gov. Romney has gone well beyond what is required as there … Continue reading