Tax Law

States can tax out-of-state purchases, but rarely enforce laws – Deseret News

WASHINGTON — For the umpteenth time, senators and representatives of both parties have introduced bills to subject Internet and catalogue sellers to the same sales tax collection and remittance obligations that apply to local, bricks-and …

Two pence could be knocked off income tax for everyone if ‘morally repugnant’ tax dodgers paid up, says Treasury chief – Daily Mail

‘What we’re talking about are schemes that are set up – within the letter of the law as it stands at any particular moment – but which are set up purely with the purpose of reducing someone’s tax bill. ‘What … Continue reading

Dreamin’ up a re-election scheme – Boston Herald

This is not discretion. This is a fundamental rewriting of the law. Imagine: A Republican president submits to Congress a bill abolishing the capital gains tax. Congress rejects it. The president then orders the IRS to stop collecting capital gains … Continue reading

David Laws calls for cut in state spending – BBC News

Mr Laws said the public sector’s share of the economy should be cut to 35% from the 49% it reached in 2010-11. It needed to be “back in kilter with the amount of tax people are prepared to pay”, he … Continue reading

UK’s Top Sports Stars Caught in Tax Crackdown – CNBC

“They will be receiving tax bills for the income from the partnership, backdated. It is as if the scheme never existed,” it said. One law firm said some investors could face “financial ruin”. At least three investors have already contacted … Continue reading

Congress may use gas tax funds to press states on distracted-driving initiative – Sacramento Bee

WASHINGTON — Should Congress use scarce gas tax funds to try to coax states into cracking down … they receive on anti-distracted driving programs, such as beefed-up law enforcement targeting distracted drivers and advertising on the dangers …

Sauce For The Gander ? Revenue Agent Loses Job For Losing In Tax Court – Forbes

The IRS Restructuring and Reform Act of 1998 mandates termination of any IRS employee found to have willfully understated his federal tax liability, unless such understatement is due to reasonable cause and not willful neglect. The agency …

Powerful congressman accused of campaign finance violations – CNN

Rosa said “potentially.” The deposition did not provide details of the alleged violations of tax law. Rosa declined an interview with CNN.  Buchanan’s office responded to CNN’s interview request with a statement saying the charges are …

Up in smoke: Tobacco taxes to rise Sunday – Chicago Tribune

Pat Quinn signed a package of bills into law that will slash health care coverage for the … The $1-a-pack increase will more than double Illinois’ cigarette tax, which has stood at 98 cents for years. Quinn argues the measure … Continue reading

Greece Seeks at Least Two-Year Extension to Bailout Goals – Bloomberg

Proposals also include reducing sales tax for cafes, bars, restaurants and the agricultural … The government will also propose that a law cutting the minimum wage by 22 percent be repealed, the coalition partners said in the document.