Tax Law

Without any action, the estate tax will go from a 35 percent rate on assets over … All of which is a long way of saying: don’t expect new laws to be made on the Senate floor. Just theater, but … Continue reading →

New modelling shows ACT residents will pay an extra $600 a year as a result of the carbon tax. The University of Canberra’s National Centre for Social and Economic Modelling had done a state by state breakdown of the impact … Continue reading →

1832, the Marketplace Fairness Act, a similar bill, which was filed as an amendment to a small business tax credit measure. “We are encouraged by today’s hearing by the House Judiciary Committee,” said Michael Kercheval, president and CEO of the … Continue reading →

Amazon.com and other online retailers may soon have to collect sales tax, even in states where they have no physical presence. The federal Marketplace Fairness Act making its way through Congress would empower states to force online retailers to …

The Cuban parliament has approved a new tax law designed to cope with the country’s growing private sector. The Tax System Act, which stipulates 25 categories of taxes, will come into force in January 2013 and put an end to … Continue reading →

WASHINGTON, July 24 (Reuters) – The U.S. Treasury Department will release before the end of July new compliance rules for foreign governments eager to cooperate with looming U.S. tax laws and spare their domestic banks from U.S. fines …

WASHINGTON, July 24 (Reuters) – The U.S. Treasury Department will release before the end of July new compliance rules for foreign governments eager to cooperate with looming U.S. tax laws and spare their domestic banks from U.S. fines …

Republicans would eliminate all of those extensions. — Business tax writeoffs: Under section 179 of the tax law, Democrats would let small businesses deduct 100 percent of their expenses for some equipment purchases next year up to $250,000.

“The new FTT (financial transaction tax) law impairs the National Bank of Hungary’s functional and institutional independence,” the ECB said in a statement. Budapest began talks with the International Monetary Fund and the EU last week after an …

Under current laws, states can only collect sales tax from retailers that have a presence in that state. People who buy items online from another state are supposed to declare the purchase on their tax forms, but many do not.   … Continue reading →