Tax Law

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

New Delhi, July 30 (IANS) 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 captive …

Should You Manipulate Your Portfolio Ahead of Tax-Law Changes? – Yahoo Finance

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, particularly given that … Continue reading

Obama’s one note: Tax the rich – Washington Post

Joseph Carson, an economist at Alliance Bernstein, said: “Uncertainty surrounding U.S. tax laws has created confusion and concern among companies, which has probably depressed investment spending.” What does Obama do when presented with a …

Tax needs democratic oversight – DAWN Group

Meanwhile, there has been a growing misconception that by merely amending the tax laws, the entire system of taxation can be sorted out. The progressive tax laws, as envisaged on their introduction exactly a decade ago, were expected to help … Continue reading

The Fate of Charitable Deductions – Wall Street Journal

R.A., New Jersey A: While it is risky to make any forecasts about congressional tax-law tinkering, this is one question where tax experts say the answer is clear. There is “no way in heaven or on earth” that Congress will … Continue reading

Tax laws enforcement vs delinquents to continue — Henares – The Daily Tribune

Bureau of Internal Revenue (BIR) Commissioner Kim Jacinto-Henares warned all tax delinquents the claws of the law will not stop until everybody pays the right taxes due to government. Henares was reacting to news reports the BIR under her helm … Continue reading

White House and Republicans prep for tax cut debate – CNN

In his weekly address Saturday, President Barack Obama urged House Republicans to act on the Democrat-controlled Senate bill passed this week to extend tax cuts for middle income earners, though Republicans are calling for an extension of all …

Obama presses GOP on Bush tax cut plan – USA Today

In the Republican radio address, Hatch said Congress needs to act to act to avoid a slew of tax hikes — a “Taxmaggeddon” — that would kick in at the start of 2013. The Utah Republican also proposed revamping the … Continue reading

Amazon Sales Tax — What it Means for You – YAHOO!

The Marketplace Fairness Act, as it’s called, is backed by Senators Mike Enzi … This bill would put power into the hands of the states to impose a tax on online purchases or chose not to. Online sellers with less … Continue reading

NRIs filing income tax return: Don’t forget deemed rent – Times of India

As we approach the due date for filing tax returns in India for the year 2011-2012, let us look at a tax law relating to real estate that is peculiar to the Indian Income Tax. This law is applicable to … Continue reading