Tax Law

Massive Tax Cuts for the Rich Will Not Balance the Budget – Forbes

Perry’s plan would actually raise $4.7 trillion fewer dollars in revenue than the current tax laws between 2014 – 2020. And that’s according to Perry’s own people. Without serious budget cuts into entitlements and defense, this would …

Congress would scrap law pressing govt contractors to pay taxes as jobs trumps tax cheat hunt – Washington Post

WASHINGTON — Congress and President Barack Obama want to scrap a law aimed at pressuring scofflaw government contractors to pay their back taxes, and it’s not because the problem has gone away. On the contrary, government investigators in the last … Continue reading

Australia Will Alter Tax Laws to Spur Infrastructure Investment – Bloomberg

Australia’s government released proposals to alter tax laws as they seek to make it more attractive for private investors, including the nation’s $1.3 trillion pension fund industry, to invest in infrastructure. The changes concern the …

Top Republican to outline corporate tax plan – Reuters

WASHINGTON (Reuters) – A senior Republican tax writer is set to lay out more details of a plan for tax law changes, including letting multinational corporations pay little or no taxes on their overseas profits. Representative Dave Camp …

New VAT, income tax laws ‘by June’ – Bangladesh News 24 hours

Dhaka, Oct 26 (bdnews24.com)—New Value Addition Tax Act and Income Tax Ordinance will be made by June next year and these will be taxpayer-friendly. The new laws will be easy to understand, hassle-free and are expected to be accepted by … Continue reading

Proactively Plan For Your Estate While Tax Laws Still Benefit Donors and Heirs – Forbes

Estate planning and the transfer of assets and property to heirs can be a complex, lengthy process. As laws change and individuals and their loved ones must make end of life decisions, people are advised to have a qualified estate … Continue reading

Ecuador Ruling Party ‘Certain’ Tax Law Will Pass, Lawmaker Says – Bloomberg

Ecuador’s government has enough support in congress to raise taxes for the ninth time since 2007, almost doubling beer prices and raising fees on cigarettes and capital exports, the head of congress’ tax commission said. The proposed law …

Advocates ask Oregon’s attorney general to block changes to property tax deferral law – Oregonian

SALEM — A coalition of senior citizen advocacy groups has asked the state attorney general to stop portions of a new law intended to limit the number of homeowners qualifying for Oregon’s property tax deferral program. In a letter sent … Continue reading

Herman Cain’s other tax plan has credibility – msnbc.com

But how taxes are labeled doesn’t necessarily match who effectively pays them. Daniel N. Shaviro, a professor of tax law at New York University School of Law, says businesses would pay the tax levied on them by reducing workers’ pay, … Continue reading

Is your OWS donation tax deductible? Does it matter? [Video] – The Christian Science Monitor

But according to tax law, only contributions to organizations that qualify as charities are allowable tax deductions. Charities must serve the general public interest, and there are nine types under the federal tax code. According to the …