California Attorney General Kamala Harris says online retailers, like Amazon.com, can start to gather signatures to challenge a new law that requires more of them to collect sales tax from California customers.
Harris on Monday issued a title and summary to Secretary of State Debra Bowen for a proposed statewide referendum on ABx1 28.
The bill clarified [...]
Escalating its fight to thwart a new levy on Internet purchases, Amazon.com says it will ask California voters to overturn a state law requiring all companies with operations or affiliates here to collect sales tax.
Amazon has refused to collect the 7.25% base sales tax since the law took effect July 1, saying it is unconstitutional. [...]
A group for U.S. citizens overseas says a new American tax law aimed at uncovering hidden assets will only make it harder for U.S. companies to compete globally.
American Citizens Abroad, based in Geneva and Washington, said in a report Thursday the Foreign Account Tax Compliance Act will be virtually unworkable when it takes effect in [...]
China plans to cut taxes for people with lower incomes and raise them somewhat for the rich under new legislation expected to pass shortly, one effort to address a widening income gap thought to threaten the country’s social stability.
Proposed revisions to the tax code reviewed by the legislature on Wednesday would raise the lowest level [...]
Have you ever wondered why players are so meticulously held accountable for slot machine jackpots with federal and state tax forms while big scores made by table games players go undocumented?
Hit a penny machine for a jackpot over $1,200 and the casino representatives are right there with an IRS Form 1099 for you to sign. [...]
A new batch of tax cuts are on their way through the Arkansas legislature, and Governor Beebe is now relenting in his objection to some fo them.
The Senate Tax Committee swiftly approved three different measures Monday, including the only one that the Governor endorses: a half-cent cut to the grocery tax. Also approved were a [...]
The tax law passed this month by the lame-duck Congress has already had one unfortunate result: Millions of taxpayers who usually file their returns quickly to get an early refund will have to wait instead.
The Internal Revenue Service is scrambling to reprogram its computers to handle the income-tax deductions extended by the last-minute legislation â [...]
I used to joke about the government “solving” Social Security’s long-term problems by creating Treasury IOUs out of thin air and sticking them in the program’s trust fund. My point, of course, was to show that no matter how many Treasury securities there are in the trust fund – currently about $2.6 trillion – the [...]
WASHINGTON (AP) â The year’s end is always a frantic time for tax preparers. This year, it’s more frenetic than usual.
The tax-cut bill emerging in Congress, coming so late in the year, has whipped up a mild panic for accountants, payroll staffs and anyone else who handles taxes.
Payroll processors say the delay in new tax-withholding [...]
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The IRS (Internal Revenue Service) recently mailed an information package to 130 million households and individuals who regularly file tax returns related to the recently signed Economic Stimulus Payments.
It is important to understand that the tax stimulus payments are not applicable or available to the following individuals:
* Non resident aliens.
* People who are claimed as [...]
A few days ago, I saw Senator John McCain on television saying something I had heard a few times before. Basically, he said that if you want to have your taxes raised, donât vote for him.
Let me start by saying that I am a huge fan of Senator McCain. Heâs got guts. He had a [...]
Rep. Charles Rangel has been using a House of Representatives parking garage for years as free storage space for his old Mercedes-Benz –a violation of congressional rules and a potential new tax woe for the embattled lawmaker …Â House rules forbid use of the garage for long-term storage more than 45 days – and congressional [...]
Quite often, too much tax is collected. Just because the tax has been paid does not necessarily mean that the government is entitled to keep all of it.
Many people discover that too much tax has been paid when they complete the required information or tax return. For example, when you complete your personal income tax [...]
In August the Illinois Attorney Generalâs Office announced six indictments related to unpaid sales taxes. The individuals indicted were all gas station owners. This was the latest series of indictments to come out of an investigation that has been underway since 2008. Since then IDOR reports it has colleted nearly $13 million in unpaid taxes [...]
Today is the day for the veterans. The people that fought and fight for all of our freedom. I am proud to be an American, but even more lucky because of all of you veterans. Thank you!
This post was inspired by the Tax Girl. Who actually wrote a great article here.
And remember it will be [...]
Google has saved $3.1bn in taxes since 2007 by shuttling its foreign profits through Ireland and the Netherlands, then on to a haven in Bermuda, according to the company’s regulatory filings.
As reported by Bloomberg Businessweek, Google uses techniques known as “Double Irish” and “Dutch Sandwich” to lower its foreign tax rate to a scant 2.3 [...]
U.S. Sen. Max Baucus, a Montana Democrat and chairman of the Senate Finance Committee:
* Repeats objection to provision in the Senate’s $14 billion auto rescue bill that would reinstate tax loophole for banks in transit agency leaseback deals.
* Says he was prevented from offering amendment to Senate auto bailout bill to strike the unrelated tax [...]
Kampala- Uganda said on Friday it had changed its income tax law, prompted by a dispute with Heritage Oil, to compel firms discovering oil in the east African nation to pay taxes on the sale of exploration rights.
For months Uganda has been locked in a row with Heritage over the payment of capital gains tax [...]
Ben Bernanke says the Federal Reserve was “extremely uncomfortable” about last year’s bailouts of big financial companies, but the Fed chief believes the central bank’s strategy to ease the financial crisis is working.
Bernanke referred to the Fed’s unprecedented decisions last year to step in and financially back JPMorgan Chase’s takeover of then-troubled investment house Bear [...]