Look, another tax initiative! Jun 26, 2008
Jules wrote on Jun 25, 2008 1:22 PM:" I don't care if one of Sizemore's proposals benefits Sizemore personally. It's irrelevant. Totally and completely. To judge against a proposal just because it is from Sizemore is a demonstration of hate, not reason. It sounds like this measure benefits taxpayers as a whole. Why should I be paying state taxes on money that I don't get to use? Federal tax money that is withheld is money that I never see, never get to touch, and don't even get interest on.... (Albany Democrat-Herald, OR)
Arizona property-tax initiative a step closer to November ballot Jun 25, 2008
"What that shows is the overwhelming support that we have from Arizonans who want to protect their homes from double taxation," said Frank Dickens, the group's chairman who emphasized that homeowners already pay an annual property tax. Currently, property in Arizona is not taxed when it is sold or transferred, but the idea has been floated before. (AZCentral -- News)
Some city fees to rise Jun 20, 2008
Any type of fee from the government is double taxation, he said Wednesday. Individuals should not be punished for making repairs on their house or making their homes look better, Smith said. (Auburn Citizen, NY)
Strengthening Islamic finance Jun 20, 2008
The double taxation issue is one of them ... This selling and buying cycle is subject to taxation, which may mean double taxation, compared to a conventional loan to buy an asset where it is only purchased by the client once. (Jakarta Post, Indonesia -- Editorial)
Govt, House to solve tax bill impediments Jun 20, 2008
"But it will not be double taxation," he said. International double taxation occurs when two different countries subject a comparable tax on the same taxpayer on the same taxable item ... Indonesia now uses tax treaties to prevent double taxation between countries. (Jakarta Post, Indonesia -- Business)
Taiwanese leader urges expansion of China ties Jun 19, 2008
Ma said that he wanted broad access for Taiwanese financial services businesses to the mainland market, an end to double taxation by government agencies in both Taipei and Beijing, and the removal of investment restrictions. He also called for direct sea and air cargo links across the Taiwan Strait, regularly scheduled passenger flights, the drafting of common technical standards for the high-tech industry by both sides and the creation of a system to resolve commercial disagreements. (International Herald Tribune)
House endorses Islamic bank law Jun 18, 2008
Melchias Markus Mekeng, a member of the House's Commission XI overseeing financial affairs, said after the session that the commission would try to address double taxation in later discussions with the director general of taxation. "It (the double taxation issue) is complicated. Investors may retreat from injecting funds into sharia banks if the tax is higher than the amount of return they receive," Markus said ... The Finance Ministry's head of fiscal policy Anggito Abimanyu said the ministry... (Jakarta Post, Indonesia)
Republicans: Only for the rich Jun 12, 2008
This is why they refer to the double taxation of corporate income. The shareholders of a company only end up with about of a third of their net profits. (Sioux City Journal, IO)
Crapo co-sponsors bill to reduce fees to use public land Jun 7, 2008
introduced the new bill in December as an alternative to what he described as double taxation. The bill s three co-sponsors include Sen. (Burley South Idaho Press, ID)
New Delhi Dealmaking Jun 4, 2008
Taxation in India on capital gains can exceed 40 percent, and direct investments from many home country jurisdictions, including the U.S., can expose foreign investors to double taxation. Accordingly, investments are structured through tax-favorable jurisdictions (Mauritius, the Netherlands, Luxembourg and Singapore, among others). (Law.com)
India signs DTAA with Luxembourg Jun 3, 2008
NEW DELHI: India on Monday entered into an agreement with Luxembourg, a member of the European Union, for the avoidance of double taxation and prevention of tax evasion. Double Taxation Avoidance Agreement (DTAA), which also aims at promoting economic cooperation between the two countries will come into effect from the date of notification, said an official statement ... India already has the double taxation avoidance agreements with over 70 countries. (India Times)
Taxes: Keep the Cuts Jun 3, 2008
Lawmakers should consider just eliminating this tax, which amounts to an unfair form of double taxation. . (Townhall.com)
Precedent on tax breaks may be two-edged sword May 28, 2008
The intent of the exemption is to protect the manufacturer from double taxation of the finished goods. While one can fully understand the board's concern for opening the flood gates of local industries seeking tax relief during tough economic times, one has to also agree that any tax break given to a locally owned industry that provides $4. (Brookhaven Daily Leader, MS)
Twice As Many Rich Escape U.S. Tax May 28, 2008
That led to bitter complaints by Americans living in countries such as Canada who argued they were being subjected to double taxation in violation of the U.S.' own income tax treaties. The number of $200,000-plus households that escaped both U.S. and foreign tax also grew, though not as dramatically, to 4,224 in 2005 from 2,420 in 2004. (Forbes -- Business)
Ghana and Iran sign MOU on joint cooperation May 26, 2008
To establish confidence among Iranian business operators, the two sides initiated negotiations on Agreements for the avoidance of Double Taxation and investment promotion. The statement said Iran also agreed to extend to Ghana, loans of US$250 million for rural electrification and US$100 million for the financing of cottage industries, aimed at job creation to stem the rural-urban drift. (Ghana Web, Ghana)
Governor: Developer deal for sales tax wasn't secret May 23, 2008
Kamps said charging sales taxes and impact fees would amount to double taxation. Jack Lunsford, a member of the TIME Coalition, said there were legitimate reasons to redraft the initiative to remove development fees. (AZCentral -- Business)
Blunt: Dems' Tortured Logic - $55.5 Billion in New Taxes on a Bill to Extend Tax Relief May 22, 2008
Democrats also attempt to impose double taxation on U.S. businesses trying to compete overseas, all while rewarding their political allies with $1. 6 billion in tax breaks for trial lawyers. (PR Newswire)
Somebody's gotta say it.... May 22, 2008
It would also impact retirees with a double taxation, since they paid it when they were working and have to pay again under the FT. There is no way a 23% rate could even come close to paying for services without huge cuts and you know that SSN & DoD are sacred cows that won t feel the pinch. As far as Jay being scared to debate Neal, Neal wants an audience forum that would surely be filled with the fans of his show and the FT, i.e. a hostile audience to Jay. (Atlanta Journal-Constitution -- Opinion)
Oil And Gas Prices Hit New HighAgain May 22, 2008
Otherwise that would be double taxation which economically is kinda dumb for the bottom line. Just like the "windfall profits tax" being proposed by the left (Dems). (KWTX.com, TX)
FIIs may have to pay tax on income from PNs May 15, 2008
Most FIIs operating in India are registered in Mauritius with which India has a Double Taxation Avoidance Agreement (DTAA). Hence, these capital gains are not taxed in India. (India Times)
School Board unhappy with impact fees May 14, 2008
It s double taxation ... It s not double taxation, he said. (Bozeman Daily Chronicle)
West Salem considers charging for fire calls May 11, 2008
AlEv wrote on May 11, 2008 7:42 AM:" Bill our insurance? Double taxation. Our taxes already go to pay services such as these. Mismanagement of local budgets already penalizes citizens, this would only hurt us even further. We currently enjoy the 2nd lowest auto insurance rates in the country (behind only Iowa). If insurers have to start paying these bills, they are bound to increase premiums. ". The Real Paladin wrote on May 11, 2008 7:30 AM:" The department expects to gain $5000 a year? What's... (La Crosse Tribune, WI)
City must stop wasting tax money May 10, 2008
What I see, with the way that the city has started collecting the fees, is double taxation. And a fee is a tax with another name. (Florida Times-Union)
Special Session Expected On Conveyance Tax May 9, 2008
The tax battle has turned into a major clash between the Connecticut Conference of Municipalities and the state's Realtors, who have complained that the measure is a form of double taxation for homeowners who have been paying their annual real estate taxes for years and then pay more upon the sale. In her budget proposal in February, Rell remained silent on the issue meaning that she favored the "sunset" provision that would lead to a drop in the tax on July 1. (FOX61, CT)
Valdez tanker tax ruled constitutional May 8, 2008
STATE SUPREME COURT: Double taxation not an issue, justices say. Petroleum News. (Anchorage Daily News)
Message to the Senate of the United States May 8, 2008
I transmit herewith, for Senate advice and consent to ratification, the Convention Between the Government of the United States of America and the Government of Iceland for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income, and accompanying Protocol, signed on October 23, 2007, at Washington, D.C. (the "proposed Treaty"). The proposed Treaty would replace the existing income tax Convention with Iceland that was concluded in 1975 (the "existing... (White House News Releases)
Lack of clarity may hit realty funds May 7, 2008
This confusion on taxation is also leading some experts to remind policy makers about the possibility of double taxation for the investor. If the entity investing in the real estate projects (say an SPV) is taxed while it distributes profits to the fund, and so is the latter when it gives away profits to the investor, the investor will be effectively taxed twice, experts point out. (India Times)
Warren Buffett's Tax Fetish May 4, 2008
This is the "double taxation" investors and economists often complain about. Many economists argue that corporate income should be taxed only once. (Forbes)
Luis Guillermo Plata, Colombian Minister of Commerce, Industry & Tourism May 3, 2008
Once this is done we would like to initiate talks on a double taxation avoidance agreement. During this visit, I am meeting a large number of business delegates from India. (India Times)
* Business Briefs May 3, 2008
Chiang Pin-kung ([) said that issues such as investment guarantees and avoiding double taxation would be handled first if the two sides resume talks. Chiang said the foundation, an intermediary organization founded in 1990 to deal with cross-strait affairs in the absence of government-to-government ties, would take progressive steps to achieve this goal. (Taipei Times, Taiwan -- World)
The future for Catholic schools Apr 19, 2008
Some might say this is double taxation, but I dont believe it is. Catholic school tuition is a taxation by personal choice. (Atlanta Journal-Constitution)
Tax reform? We got tinkering Apr 16, 2008
It could eliminate double taxation, the tax on tangible property, and the minimum corporate tax, and offer single-sales factor apportionment to all entities. This it could do by taxing business only at the entity level, adopting combined unitary reporting, and ending all tax incentives. (Boston Globe)
Iraan hospital getting ready Apr 13, 2008
IRAAN Double taxation will soon mean triple the size for Iraan General Hospital. The Pecos County city is scheduled to open a new 34,000-square-foot facility later this month. (Odessa American, TX)
HMRC 's investigation tactics under fire Apr 10, 2008
It seems unlikely that any international businessman could ever come to terms with the full range of tax treaties and double taxation reliefs needed to complete a UK tax return, and professional advice was particularly valuable to him in negotiations. His wealth also now allows him to plan his future tax affairs to further reduce UK tax liabilities. (Accounting Web, UK)
* 'Mutual non-denial' remains, Ma says Apr 6, 2008
To normalize trade relations with China, Ma said he would seek agreements to protect investments by Taiwanese businesses in China and avoid double taxation, moves he said should meet little opposition. Ma also defended his support for the recognition of diplomas issued by Chinese universities, which critics have said would undermine local workers. (Taipei Times, Taiwan -- World)
India lays out a red carpet for Myanmar Apr 5, 2008
The double taxation avoidance agreement will cover taxes on individual incomes, company profits, dividends, interest and capital gains. It is apparent that India will not desist from dealing with Myanmar in all matters despite Western pressure. (Asia Times Online)
When the taxman pressed ctrl+alt+del on Microsoft Apr 5, 2008
Accordingly, income generated on licensing of software to Indian customers was not liable to tax under domestic tax law of India or under the Double Taxation Avoidance Agreement between India and the US. The appellant also relied on the Organisation for Economic Co-operation and Development (OECD) Commentary, wherein it has been observed that only a transfer that enables a transferee to commercially exploit a software copyright will give rise to royalty income ... In this regard, it would be... (Hindu)
HILLARY BOMBSHELL ROCKS CAMPAIGN: 'OBAMA CAN'T WIN' Apr 3, 2008
If either Obama or The Witch are elected my taxes will increase by $800 whthout an increase in income--merely by making dividend income fully taxable--the restoration of the double taxation of corporate profits so dear to the balck harts of the Democ-rats. The only things the Democ-rats have a religious devotation to is high income taxes and the Death Tax. (The Drudge Report)
Price of MS software use in India is royalty: IT Dept Apr 3, 2008
Curiously, the Director General International Taxation has told CNBC-TV18 that he has to take a view on accepting the ruling. Tax mavens say the ruling is flawed because royalty arises only when intellectual property right is transferred, not for use of copyrighted software. (Moneycontrol.com)
U.S. expats fight their soaring tax burden Apr 2, 2008
The group, which opposes the double taxation of Americans living abroad, comprises several American Chambers of Commerce in Asia and the Asia-Pacific Council of American Chambers of Commerce. Her own tenuous position, Overby said, illustrates how severe the problem is for American companies, especially with a change in 2006 that subjected a larger part of expats' housing reimbursements to taxation. (International Herald Tribune)
Telecom tariffs to drop marginally Mar 28, 2008
They also point out that consumers and service providers have been saved from the burden of double taxation, while unutilized funds from the USO Fund can now be put to good use. Bharti Airtel welcomed the move and said it was committed to passing on the ADC relief to customers primarily in the rural areas. (India Times, India)
Keeping track of campaign advertising Mar 28, 2008
U.S. companies already pay taxes in their host countries, he said, and a law change here could result in unfair, double taxation. Some economists are unsure that a change in the U.S. tax system would have a substantial impact on job growth. (Pittsburgh Post-Gazette, PA)
No tax increase for Prince George Mar 26, 2008
With the increases in assessments, and an increase in the tax rate, it s double taxation, county resident Guy Sotomayor said during a public hearing on the proposed 85-cent real estate tax rate. Have you ridden up and down the road. (Petersburg Progress Index, VA)
State, De Beers on collision course over fees Mar 26, 2008
De Beers argued that plans to impose a new royalty on mining firms would push taxes on its Finsch mine in the Northern Cape to about 11 percent of revenue, and would amount to double taxation. "We don't agree with what De Beers said," Futhi Zikalala, the deputy director-general in the department, said yesterday. (Business Report, South Africa)
Mr. Ma and China Mar 25, 2008
The new government could attract foreign investment by lowering barriers to Chinese companies and eliminating withholding taxes and double taxation, for a start. Then Mr. Ma & Co. could tackle Taiwan's reams of regulatory red tape. (Wall Street Journal)
Chamber seeks guarantees on royalty bill Mar 20, 2008
The government has said it is willing to review the royalties bill, which has prompted concerns from both unions and industry about issues such as job losses and double taxation. Michael Dale, a mining attorney acting on behalf of the Chamber of Mines, said: "Financial guarantee agreements are more attractive to investors if governed by domestic law, but domestic law applied in accordance with accepted rules of international law and practice ... and subject to international arbitration.". (Business Report, South Africa)
Budget 2008: The wealth managers point of view Mar 19, 2008
This may give rise to double taxation as it is implemented; income tax on deemed income and capital gains tax on the increase in value of the fund due to the income being kept within the fund. AccountingWEB.co.uk 18th March 2008Categories: Times read: 130 Featured job Powered by | | Copyright. (Accounting Web, UK)
Switzerland: 2008 Article IV Consultation, Concluding Statement of the IMF Mission Mar 18, 2008
The reduction of the double taxation of dividend income could lead Swiss firms to reduce their retained earnings and hence reduce the excess over the norm. Maintaining Financial Stability. (IMF News)
Sonjica promises review of mine royalties bill Mar 18, 2008
The primary concern was that proposals outlined in the bill, now in its third draft, effectively amounted to double taxation. "Industry, trade unions, everyone has agreed it's not right," Sonjica told delegates to the Oil Africa conference. (Business Report, South Africa)
Radcliff may bill insurance companies for police response Mar 16, 2008
More Bull wrote on Mar 14, 2008 7:23 AM:" Bend over everyone because here it comes again. Insurers will surely pass this along to consumer. I question this then. Why do I pay taxes for even having emergency services then? So now I'll have to pay taxes and a user fee too. Isn't that double taxation??? ". TC wrote on Mar 14, 2008 7:04 AM:" I've always wondered why non-local, nontaxpayers are not charged for services provided. Reimbursement is sought for ambulance service - - why not for police... (News Enterprise Online)
Tulsans pay for city's poor roads Mar 16, 2008
" Mechanics say try getting your alignment done once a year, that way you can make sure your car is in good condition. The city estimates it would cost $1 billion to fix Tulsa streets. A committee is considering raising utility rates or taking more money out of the third penny sales tax. Right now only 40-percent of it goes to streets. The committee hopes to have a plan by April. If you want to check out the research groups study, click on links and reminders. Email Story To Email: To Email... (FOX23.com, OK)
Budget 2008: Anti-avoidance measures Mar 15, 2008
Recent budgets have contained an ever-increasing swathe of anti-avoidance measures, and this year's was no exception. Here's a run-down of HMRC's latest fire-fighting techniques. (Accounting Web, UK)
Brokerage Speak: Views on different sectors Mar 5, 2008
Avoidance of double taxation on dividend payments between infrastructure SPV subsidiary and parent would benefit project developers (JP Associates ). Other beneficiaries include L&T , GMR Infra, IVRC and Nagarjuna Constructions. (India Times)
Non-dom tax: Raise the reporting limit! Mar 5, 2008
Non-dom tax: Raise the reporting limit. Non-dom tax: Raise the reporting limit. (Accounting Web, UK)
Need reforms to make PPP work Mar 4, 2008
However, some measures such as removal of double taxation on dividend distribution by subsidiaries and the impetus to the corporate bond market are long-term positives ... The removal of double taxation on dividend distribution by subsidiaries would help companies float special purpose vehicles, which is the model followed by infrastructure companies, to manage different projects. (India Times)
Wright, Teague in battle for sheriff's post Mar 4, 2008
He eschews the use of contracts, which he considers a form of double taxation, which are used when a sheriff's office contracts with homeowners to provide service (deputy coverage, in terms of patrolling) to their area for a set fee. He said the sheriff's office could provide ultimate coverage if it would just properly manage its personnel. (Rosenberg Herald-Coaster, TX)
RRSPs versus TFSAs: The math Mar 4, 2008
The move addresses the double taxation problem associated with savings in Canada: You pay tax when you earn income and then pay tax again on the appreciated income or growth when it's time to spend it. The No. 1 question on everyone's mind is: Assuming you've got limited funds, which one do you choose --TFSA or RRSP. (Financial Post)
Jaideep Mishra: Waiver for farmers Mar 3, 2008
Next, the move to end double taxation of dividend income for subsidiary and parent companies and provide setoffs for the latter, is unexceptionable. Also, the banking transaction tax is quite redundant, now that the tax information network is clearly working. (India Times)
Gain for foreign workers in India Mar 2, 2008
Executive director of KPMG, Sudhir Kapadia said this leads to double taxation for the employees ... The present amendment will remove this double taxation. (India Times, India -- Intl Business)
Will the budget do enough to ensure a Congress win in the next elections? Mar 1, 2008
He modified the provisions relating to double taxation of dividends where parent companies give out dividends to subsidiaries. He also announced the withdrawal of the much criticized banking Cash Transaction Tax but said that this will happen only from April 2009 onwards. (India Times, India)
Deepak Parekh, Chairman, HDFC Mar 1, 2008
The anomaly of double taxation has been rectified. What will be the impact of the measures to develop bond currency and derivative market. (India Times)
VC funds jittery on Budget-eve Feb 28, 2008
Another thing worrying the VCs is the governments move to plug loopholes in the Mauritius DTAA (Double Taxation Avoidance Act) because all their acquisitions/investments in India are routed through Mauritius. Many major VCs, like Canaan, Helion, Clearstone and Sequioa, invest in India through routes like Mauritius. (India Times)
Council spares arts budget Feb 27, 2008
It's a glaring case of double taxation. "City treasurer Onorio Colucci said the city is on target for a $409.9-million levy this year, up from $384 million last year. The overall budget actually included a slight spending decrease from last year, but a planned one per cent capital levy pushes it to the proposed 0.95 per cent.Colucci described the proposed increase as "one of the lowest increases in the province. (Canada.com)
LGT to sue over leak of customer details Feb 25, 2008
"There is the possibility of cooperation -- we would like to conclude a double taxation agreement with Liechtenstein," Finance Minister Peer Steinbrueck was quoted as saying by the Bild am Sonntag newspaper. "But if we do not make progress there, we must take other measures at European or German level -- I am thinking of the possibility of making business dealings with Liechtenstein considerably more difficult," Steinbrueck was quoted as saying. (CNN -- International)
Report: German finance minister raises pressure on Liechtenstein in tax affair Feb 24, 2008
"There is the possibility of cooperation we would like to conclude a double taxation agreement with Liechtenstein," Finance Minister Peer Steinbrueck was quoted as saying by the Bild am Sonntag newspaper, which released his comments before publication Sunday. Such an agreement also should allow Liechtenstein to assist in uncovering tax evasion, he added. (International Herald Tribune)
