Tax Law
Tax reform ‘had to start sometime’ – au.news.yahoo.com
The author of the recent tax review in the ACT says it was brave of the Treasurer to immediately begin the reform process. Ted Quinlan has backed Andrew Barr’s decision to use this year’s budget to embark on an ambitious … Continue reading
House of Representatives votes to repeal tax on medical devices – Cleveland Plain Dealer
But as House Republicans attempt to chip away at the health law, including this latest vote to drop the tax on medical device makers, Democrats who control the Senate refuse to play along. Either party’s hand could be strengthened, or … Continue reading
US House votes to repeal tax on medical devices – YAHOO!
The US House of Representatives ignored a White House veto threat and voted Thursday to repeal a tax on medical devices, an element of President Barack Obama’s health care law which Republicans say kills jobs and hinders innovation. Lawmakers in … Continue reading
UPDATE 1-US House votes to kill Obama’s medical device tax – Reuters
WASHINGTON, June 7 (Reuters) – The Republican-led U.S. House of Representatives voted on Thursday to strike down a 2.3 percent tax on medical devices and other parts of President Barack Obama’s healthcare law, although the effort is likely to …
House votes to kill Obama’s medical device tax – msnbc.com
WASHINGTON (Reuters) – The Republican-led House of Representatives voted on Thursday to strike down a 2.3 percent tax on medical devices and other parts of President Barack Obama’s healthcare law, although the effort is likely to hit a wall in … Continue reading
Overseas Profits: When a 95% Tax Cut Doesn’t Cut It – Businessweek
Under current law, American companies pay a 35 percent U.S. tax on profits they earn abroad. They get credits for tax payments to foreign governments and don’t pay the U.S. anything until they bring the money home. House Ways and Means … Continue reading
Tax rates take center stage in presidential race – msnbc.com
President Barack Obama is pushing to raise taxes on millionaires while extending Bush-era tax cuts for the middle class, but Congress won’t act because Republicans want all the brackets to stay the same for another year. Federal Reserve Chairman Ben … Continue reading
Bill Clinton ‘very sorry’ about tax remarks, agrees with Obama – Los Angeles Times
WASHINGTON – Bill Clinton said Thursday that he’s “very sorry” for comments he made days earlier that appeared to undermine President Obama’s position on extending certain tax rates … when lawmakers needed to act ahead of a looming “fiscal …
Arizona Panel to Consider Online Sales Tax Issue – ABC News
Michelle Ahlmer, Arizona Retailers Association executive director, said her group will push the task force to recommend that legislators pass a law next year requiring Amazon to collect sales tax by July 2013 at the latest. “We don’t want a … Continue reading
House approves GOP bill repealing medical device tax – Boston Herald
Most Democrats said the bill was yet another GOP attempt to weaken President Barack Obama’s health care overhaul, which created the tax to help pay for that law’s expansion of health care coverage to 30 million Americans. The election-year …