Tax Law 
Affordable Care Act, tax or penalty? – Examiner
On June 28th, 2012, the Supreme Court of the United States handed down a 5-4 decision in favor of the Patient Protection and Affordable Care Act. The purpose of the act is to increase the number of Americans covered by … Continue reading
Tax Return Hypocrisy: Pelosi, Reid Won’t Release Their Filings – NewsMax.com
The law, written by Congress, requires a broad financial-disclosure statement that offers no direct information on tax liabilities and no requirement for reporting spousal income other than the source – but not the amount – of any income above $1,000.
More than 160 new laws to take effect in Nebraska – Lincoln Journal Star
Nebraska will loosen its sales-tax limit on cities, allow counties to fight black-tailed prairie dogs and restore prenatal care coverage to illegal immigrants when new laws take effect Thursday. The laws are among more than 160 measures approved during …
Lawmakers push Web retailers to collect tax – Washington Times
In the Senate, the Marketplace Fairness Act would allow states to require online retailers to collect sales tax. In the House, the Marketplace Equity Act, which has a hearing next week, would essentially do the same thing. Both have growing … Continue reading
Zambia to Introduce Law to Keep Mining Export Income – Bloomberg
The government will announce the law “in the next few weeks,” Sampa said in a telephone interview today from Lusaka, the nation’s capital. It will help track the amount of tax it should receive from exporters, he said. Mining companies … Continue reading
United States: The Opportunity to Take Advantage of Favorable Tax Laws is Expiring – Mondaq
Preferential gift and estate tax treatment afforded under current law is set to expire on December 31, 2012. You should consider taking steps now to take advantage of the favorable tax laws before year-end. Under current law for 2012, each … Continue reading
Let States Do the Tax-Collecting Dirty Work – Bloomberg
Yet others might tax only the wealthy. The penalty for a system that fails would be tough, since most states have laws requiring them to balance their budgets. Some states might find that lower rates draw people and companies. That, … Continue reading
Majority backs tax boost for $250K-plus earners – San Francisco Gate
RICHMOND, Va. (AP) — A new statewide poll in Virginia shows a clear majority support President Barack Obama’s proposal to let tax breaks lapse for those earning more than $250,000 annually, but half still want his healthcare law repealed. Fifty-nine … Continue reading
Mitt Romney, Offshore Tax Accounts Entangled Since Bain Capital’s Founding – Huffington Post
Panama’s bank secrecy laws make it very difficult for the Internal Revenue … can also help American taxpayers invest in U.S. companies without accruing a tax bill with the IRS. By establishing personal offshore entities, Americans can pose …
Dome: NC GOP says liberal nonprofits violating federal tax law – The News & Observer
The N.C. Republican Party sent a complaint Wednesday to the IRS alleging five liberal-leaning nonprofits are violating federal tax law by advocating for political candidates. The named groups: Democracy North Carolina, the Institute for Southern …
