Tax Law

IT’S BEEN A long time coming, but a City Council committee yesterday approved two measures that would drastically alter the city’s business-tax structure, and Mayor Nutter is on board. Council’s Committee on Finance approved a bill introduced by …

Although spending isn’t rising, about 54 percent of towns in the mid-Hudson region are introducing local laws to override Gov. Andrew Cuomo’s tax levy limit, according to a Times Herald-Record survey. Many boards are considering passing the laws …

In Pennsylvania, even trout get a tax break. Exemptions potentially worth billions of dollars in revenue riddle the state sales tax law, and the purchase of brook trout, brown trout and rainbow trout is one of the dozens of transactions … Continue reading →

shifting the burden to pay them onto consumers through the so-called “use tax” requirement in sales tax laws. But that’s an honor system few consumers comply with and is also difficult to police. Online retailers contend there’s a very practical … Continue reading →

no event is held in such awe today as the historical moment when Reagan signed tax reform into law on October 22, 1986. “All of the betting was that (reform) was impossible,” said Michael Graetz, a tax professor at Columbia … Continue reading →

And of course, no one will pay more taxes…I won’t give my money to war machine and to the other things.” Is there a law requiring wealthy people like Simmons to exploit these loopholes so that they can squeeze their … Continue reading →

With associate James V. Stanton, Mitchell explained how his fellow real-estate lawyers reacted to a tax law passed in 2001, switching to a particular type of legal instrument that the city doesn’t levy taxes on. He held up documents from … Continue reading →

The solicitor representing retired millionaire Robert Gaines-Cooper immediately issued a stark warning to other expats, saying they too were “at high risk” if they followed official HMRC guidelines as to what constitutes UK residency for tax purposes.

A federal tax law has left a handful of classified graduate assistants and pre-professional graduate assistants receiving a reduced paycheck this past week ­­— some even earning as little as nothing. This semester, 147 graduate students received …

The warning had an ominous ring to it. It was a month too early for Halloween, but here was someone from the nation’s capital, telling an Atlanta audience about apparitions in the halls of Congress. “Washington is being haunted by … Continue reading →