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Taxes

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Utah becomes latest place to debate ending tax on tampons

Daily Mail - ‎10 hours ago‎
Utah is one of the latest states to consider making tampons and other feminine hygiene products tax-free, diving into an international debate on whether women are penalized for their biology.
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A CPA says there's only one way to cut down your taxes

Business Insider - ‎11 hours ago‎
Steven M. Piascik, CPA, MT, founder and president of boutique CPA firm PIASCIK, tells Business Insider that the best way to minimize taxes is something anyone can do, no matter their net worth. "Tax minimization means documenting all your expenses that ...
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Consumer Reports finds advantages to filing taxes early

WABC-TV - ‎9 hours ago‎
Employers have until February 1 to send you your W-2 tax form, and the IRS is already accepting electronic returns with roughly two months from the April deadline to file taxes. Consumer Reports says there are significant advantages to filing early ...

Rulings to Raise Taxes on Multinational R&D Centers in Israel

Haaretz - ‎4 hours ago‎
The 250 or so multinational research and development centers in Israel may face higher tax bills in the wake of two rulings issued in recent months by Tel Aviv District Court Judge Magen Altuvia.

As Oil Profits Plunge, Gulf Regimes Weigh the Unmentionable: Taxes

Wall Street Journal - ‎2 hours ago‎
Dubai's year-round sunshine and near-zero taxes have been easy sells for foreign investors and expatriate workers. Oil's plummet below $30 a barrel might change that for the glitzy emirate and its Arab Gulf neighbors.
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Aldermen propose cutting taxes on tampons

Time Out Chicago (blog) - ‎5 hours ago‎
Aldermen Ed Burke (14th ward) and Leslie Hairston (5th) proposed an ordinance in City Council today that would waive the city's "discriminatory" tax on tampons, pads and other feminine hygiene products, and according to a DNAinfo report, Mayor Rahm ...
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EU proposals will force multinationals to disclose tax arrangements

The Guardian - ‎Feb 8, 2016‎
US multinationals such as Google, Facebook and Amazon will be forced to publicly disclose their earnings and tax bills in Europe, under legislation being drafted by the EU executive.

Cautious Conservatives Resist Consumption Taxes Because They Don't Trust Politicians

Forbes - ‎14 hours ago‎
Economists have long considered consumption taxes, which include the VAT or value-added tax, sales taxes, and its slight variation, the FAIR tax, to be more efficient ways to raise revenue than income taxes. Consumption taxes do not distort decisions ...
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EconomyIFS: UK may have to hike taxes at 'little notice'

Financial Times - ‎Feb 8, 2016‎
UK chancellor George Osborne may be forced into raising taxes or imposing further austerity “with very little notice” if he is to meet his “inflexible” target to run a surplus every year from 2019-20 in “normal times”, the Institute for Fiscal Studies ...
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US fashion giant Gap embroiled in British tax bill row

Evening Standard - ‎16 hours ago‎
Fashion giant Gap is the latest US household name to face major questions over its use of complex financial engineering that minimises its tax bill in Britain. The multinational retailer, which trades on its wholesome West Coast image, has paid almost ...
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Plaintiffs' Lawyers Claim Dunkin' Donuts Sprinkles on Extra Taxes

Wall Street Journal (blog) - ‎Feb 9, 2016‎
Plaintiffs' lawyers suing the parent company of Dunkin' Donuts in New York and New Jersey say the coffee and doughnut restaurant chain should have known about state sales tax rules exempting packaged coffee and bottled water sold at its stores.

Don Cayo: For many working poor families, taxes and clawbacks bite hard

Vancouver Sun - ‎3 hours ago‎
With income tax time approaching, here's a thought worth chewing on: How would you like it if - even before sales taxes, property taxes, MSP premiums and more - the feds and province left only 30 cents in your wallet for every dollar you earned last ...
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State governments are about to hike up taxes

The Age - ‎15 hours ago‎
In the days immediately following the budget, then treasurer Joe Hockey seemed to have an answer, or at least a wink and a nod. Asked whether the states should raise more tax, he replied: "Well, that is a matter for them because they do run the schools ...
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For sugar tax supporters, 2016 may be the sweet spot

Reuters UK - ‎Feb 8, 2016‎
LONDON 2016 could be the year of the sugar tax, as several large nations consider levies on sweetened food and drinks to battle obesity and fatten government coffers.

Tony Wickenden: What the Finance Bill 2016 means for capital taxes

Money Marketing - ‎Feb 9, 2016‎
In this week's instalment looking at the draft clauses from the Finance Bill 2016, I am going to focus on capital taxes. As in previous articles, I will break my consideration down into the headings used in the HM Revenue & Customs overview of the ...

A4A Rejects White House Proposal to Hike Taxes on Air Travelers

Business Wire (press release) - ‎4 hours ago‎
WASHINGTON--(BUSINESS WIRE)--Airlines for America (A4A), the industry trade organization for the leading U.S. airlines, today issued the following statement opposing the FY 2017 White House budget proposal, which would drive up the federal tax burden ...
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Does your state have the heaviest tax burden?

CNBC - ‎Feb 8, 2016‎
When it comes to state and local taxes, some Americans bear a heavier burden than others, according to analysis by the Tax Foundation, a nonpartisan research group. The research also provides something of a report card on the unusually large number of ...
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Obama Administration Proposes New Taxes on Oil Industry, Boost to Clean-Energy Funding

Wall Street Journal - ‎Feb 9, 2016‎
President Barack Obama is proposing more than $300 billion in new taxes on the oil industry and a doubling of clean-energy funding, two proposals that make the budget released Tuesday his most ambitious effort to address climate change through the ...

See how much your town's taxes have gone up

NJ.com - ‎15 hours ago‎
Given the Garden State's reputation as one of the most taxed states in the country, few residents will be surprised to learn that the tax bills New Jerseyans have been paying over the past 15 years have been going up. How high, and by how much the ...
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Bill would raise cigarette taxes 22 cents, to $1.08 per pack

NOLA.com - ‎6 hours ago‎
Taxes on cigarettes would jump by 22 cents, to $1.08 per pack, if lawmakers approve one of the first bills filed for the special legislative session that begins Sunday (Feb. 14).
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