Tax Law

SPRINGFIELD — Gov. Pat Quinn put the finishing touch on one of his top spring legislative priorities Thursday by signing legislation plugging a $2.7 billion hole in the state’s health-care program for the poor, elderly and disabled.

Lackawanna County is redefining who is and who isn’t liable to pay the hotel tax. The bottom line: Anyone who occupies a hotel room or rooms in the county for up to 30 days must pay the 4 percent tax … Continue reading →

Now comes the heavy lifting: Public officials must make sure the tax laws are formulated to achieve those ends and not driven by political agendas. The urgency of the country’s economic problems has rarely been as pronounced as it is … Continue reading →

Following are a summary of the measures: – To amend the Customs and Excise Act to ensure all people, including state officers, pay taxes. – Tax authorities to map out all residential and commercial areas to ensure all landlords pay … Continue reading →

But some Democrats say they have questions about the necessity of such a sizable incentive. “This would be a major change in the state’s tax law with a staggering price tag,” said House Democratic spokesman Bill Patton. “Perhaps a case … Continue reading →

Australia’s controversial Carbon Tax will be introduced on July 1, and its impact is set to be felt immediately, with approval for increased electricity and gas tariffs around the country. Electricity and gas price comparison service, Electricity Wizard …

Illinois Governor Pat Quinn signed a dollar-a-pack cigarette tax increase that will go into effect for retailers June 24, 2012. Senate Bill 2194, earmarks the money from the increase to help boost Medicaid funding in Illinois.  Read the bill at … Continue reading →

This was actually the point at issue: did the UK’s tax law apply to that Luxembourg company or not? Fourthly, and finally, the assumption was that as the tax actually paid was less than £6 billion then someone must have … Continue reading →

Numerous favorable tax laws are set to expire at the end of 2012. Although some commentators have indicated a possible extension, it is uncertain whether Congress will enact legislation, especially prior to the presidential election this fall.

… a slew of special interest tax breaks would send the wrong signal as Congress appears poised to take on major changes to tax laws next year. “If you renew tax extenders, how are you going to reform it?” said … Continue reading →