Tax Law

Why The Death Tax Is The Dumb Tax – Forbes

The most tax it ever collected in constant, 2010 dollars was $36.7 billion. That was in 2000 at the end of the great expansion and bull market that followed passage of the North American Free Trade Act (1993), welfare reform … Continue reading

Romney Campaign Mum on Previous Tax Rates, Audit – ABC News

Mitt Romney has fully complied with U.S. law and he has paid 100 percent of what he has owed … In a statement Monday, campaign spokeswoman Gail Gitcho did not say what tax rate Romney has paid in the past … Continue reading

Should You Manipulate Your Portfolio Ahead Of Tax-Law Changes? – (press release)

(By Christine Benz) A slew of Bush-era tax laws are set to expire at the end of 2012, affecting the tax rates on everything from dividends to capital gains to ordinary income and estates. But a lot remains unsettled, too, … Continue reading

PM on tax hikes: Measures are tough but necessary – Jerusalem Post

Ahead of cabinet vote expected to approve VAT, income tax increases, Netanyahu recalls European governments who “didn’t act in time”; Steinitz says Israel doesn’t have a federal bank to fall back on. Prime Minister Binyamin Netanyahu on Monday defended the … Continue reading

GAAR panel to also review retrospective amendment proposal to Income Tax Act – Economic Times

NEW DELHI: The committee set up to draft rules against tax avoidance has been asked to partially review a controversial retrospective amendment to the Income Tax Act, suggesting that Prime Minister Manmohan Singh may be looking for ways to …

Company’s decision to nix expansion over ObamaCare tax renews pressure on Congress – FOX News

The Affordable Care Act imposed the 2.3 percent tax on medical devices beginning in 2013. It is projected to raise nearly $30 billion over the next decade — the House voted to repeal it last month.     The Obama administration … Continue reading

Romney camp: No further tax returns, despite ‘audit’ remark – CNN

Romney has disclosed his income tax returns from 2010, and released an estimate of … “My view is I’ve paid all the taxes required by law,” Romney said on ABC News. “From time to time I’ve been audited, as happens … Continue reading

How Apple’s phantom taxes hide billions in profit – Kitsap Peninsula Business Journal

… its tax strategies or why it records tax liabilities that other multinationals avoid. “Apple has conducted all of its business with the highest of ethical standards, complying with applicable laws and accounting rules,” the Cupertino …

LETTER: Voter ID law a politically motivated poll tax – York Dispatch Online

My fellow Pennsylvania citizens, I think we all agree that voting is a sacred constitutional right and that every registered Pennsylvania voter needs to be able to vote on Nov. 6. The new voter ID law may not affect those … Continue reading

IT industry lauds PM’s move to review tax laws –

New Delhi, July 30 — The National Association of Software and Services Companies (Nasscom) Monday welcomed the initiative of Prime Minister Manmohan Singh to review tax laws pertaining to the IT industry, especially MNCs, which have set up …