Tax Law

Learn About Use Tax Amnesty On Rea’s Mobile Website – PRLog (free press release)

Rea & Associates, a regional accounting and business consulting firm, has created a the first of its kind mobile website to assist businesses and individuals in understanding and complying with Ohio’s use tax law – including how they can save … Continue reading

Few big companies pay anything close to 35 percent federal tax rate – Seattle Times

under the tax laws each year. But because tax laws and accounting standards have different rules on when income should be recognized, much of a company’s tax expense may be listed as “deferred” until some point in the future. Paccar, … Continue reading

Smart Stocks for Investors Who Hate Taxes – Motley Fool

Although most news sources have focused on the populist anti-corporate angle in reporting on the study, investors should see the results as a mark of a company’s success and competence in navigating the complex set of U.S. tax laws to … Continue reading

Turkey’s Tax Change Paves Way for Sukuk Sales: Islamic Finance – Bloomberg

Islamic bond sales from Turkey are picking up pace after the government changed its tax law to apply the same rates to sukuk as non-Islamic debt. The tax measures passed in two stages this year will attract more issuers in … Continue reading

eBay prepares for new fight over Internet sales taxes – CNET News

“We would hope that any senator supporting a change in Internet sales tax laws would recognize the importance of truly protecting small business retailers from new tax burdens on the Internet,” Brian Bieron, eBay’s senior director for federal …

Presque Isle lawyer who shirked taxes agrees to suspension of law license – Bangor Daily News

BANGOR, Maine — The Presque Isle lawyer who will go to jail in December for not paying his state income taxes has agreed to a six-month suspension of his license to practice law, according to the Maine Overseers of the … Continue reading

Thirty companies paid no U.S. income tax 2008-2010: report – msnbc.com

“But that does not mean that low-tax corporations bear no responsibility … The laws were not enacted in a vacuum; they were adopted in response to relentless corporate lobbying, threats and campaign support,” the report said. Some of the 30 … Continue reading

UPDATE 2-Thirty cos paid no US income tax 2008-2010–report – Reuters India

“But that does not mean that low-tax corporations bear no responsibility … The laws were not enacted in a vacuum; they were adopted in response to relentless corporate lobbying, threats and campaign support,” the report said. Some of the 30 … Continue reading

Turkey’s Tax Change Paves Way for Sukuk Sales: Islamic Finance – BusinessWeek

Nov. 3 (Bloomberg) — Islamic bond sales from Turkey are picking up pace after the government changed its tax law to apply the same rates to sukuk as non-Islamic debt. Two banks, Asya Katilim Bankasi AS and Albaraka Turk Katilim … Continue reading

Guess What? General Electric Didn’t Pay Any Federal Income Taxes In 2010 Either – The Business Insider

For example, the oil and gas industry is able to write off massive drilling expenses. Tax laws also allow companies to write off capital investments before the assets are actually used up. The report is inaccurate and distorted. GE paid … Continue reading