Tax Law

US Treasury gives countries new models for tax reporting rules – Reuters India

offering countries options for their domestic banks to comply with pending U.S. tax laws. Treasury announced two model agreements countries can sign to give their home banks flexibility in reporting U.S. client information on assets held abroad …

US Treasury gives countries new models for tax reporting rules – Reuters

offering countries options for their domestic banks to comply with pending U.S. tax laws. Treasury announced two model agreements countries can sign to give their home banks flexibility in reporting U.S. client information on assets held abroad …

CBO Claims Health Care Act Now Saves Taxpayers $84 Billion – Forbes

When Is A Penalty A Tax? Sorting Through The SCOTUS Health Care Decision. Kelly Phillips Erb Contributor If The Health Care Law Is Really A Tax Law, Is It Doomed on Procedure? Kelly Phillips Erb Contributor SCOTUS Rules on Health … Continue reading

Eye on Election, Senate Passes Tax Cut Measure – New York Times

in a surprise vote intended more to give both parties election-year cover than to produce a new tax law. The Senate’s action — prompted by high-level maneuvering — was not expected to result in a Congressional agreement on taxes anytime … Continue reading

With VP Biden Presiding, Senate Passes Democrats’ Tax Cut Plan – ABC News

Orrin Hatch, R-Utah, said of the Republicans’ plan he sponsored. “Businesses and families need certainty and all we are proposing is extending current tax law for one more year so that we can dedicate that year and do tax reform. … Continue reading

Senate Passes Tax Measure With Election in Mind – New York Times

in a surprise vote intended more to give both parties election-year cover than to produce a new tax law. The Senate’s action — prompted by high-level maneuvering on the part of Senate leaders — was not expected to result in … Continue reading

Online Sales Tax Effort Gains Momentum – PC World

Like other critics of federal sales-tax laws, eBay has argued that the complexity of the more than 9,600 state and local tax codes would pose a formidable administrative and compliance burden on the smaller sellers that populate its marketplace.

Online Sales Tax Effort Gains Traction With House And Senate Hearings – YAHOO!

The activity in the Senate builds on the momentum in the House, where yesterday the Judiciary Committee held a hearing on H.R. 3179, the Marketplace Equity Act, a similar bill to modernize the current 20 year old sales tax collection … Continue reading

When It Comes To Tax Cuts, Neither Side Is Blinking – NPR News

Correlation And Causation For Neil Buchanan, who teaches tax policy at George Washington University of Law, the proof isn’t there that tax cuts boost hiring. A chart comparing tax rates and job creation would show no obvious correlation, he says.

Gov. Andrew Cuomo signs law that aims to boost New York State’s film industry – New York Daily News

The new law, which was supported by Mayor Bloomberg and won easy approval in the Legislature this year, increases the postproduction tax credit to 30% from 10% in the New York City region. The maximum credit jumps to 35% outside … Continue reading