Wind turbine tax promise lacks substance Oct 22, 2009
Most of all, however, it was surprising to learn the current tax law pertaining to wind projects expires in 2011, with no guarantee it will be extended. In light of what may have been little understood by many of us, my lawyer, Richard S. Porter, has delivered a letter (see excerpts below) to Roger Craine, chairman of the board at Bureau Valley School District. (Princeton Bureau County Republican, IL)
Senate Week in Review: Oct. 12-16 Oct 21, 2009
Risinger said the last-minute inclusion of a major tax law change represents just one more example of why GOP senators have consistently pushed to open up the budget process and provide more opportunity for public scrutiny and debate before a state budget is approved. During an Oct. 13 redistricting hearing in Carbondale, representatives from the Paul Simon Institute offered suggestions for changing the state;s process of drawing legislative districts. (Princeton Bureau County Republican, IL)
Government moves to protect MIS investors Oct 21, 2009
An amended tax law will allow an investor's deduction to stand where the four-year holding rule failed due to events beyond the control of the investor. Those events will include insolvency of the scheme's manager, the death of an investor or where a scheme's interest is cancelled, such as trees being destroyed by fire, flood or drought. (Sydney Morning Herald -- Business)
In defense of Elder Oaks Oct 19, 2009
Chad T wrote on Oct 18, 2009 10:22 AM:" Wow! Go get em Katherine! What is marriage? Why do people get married? Why does government get involved with it? Equal rights for all men, we need to look at the why behind the actions to understand what this issue is all really about. Because the Federal government gives special treatment to married couples, gay couples want to be married, change the tax law does it matter then? Hospitals will not let significant others into the hospital room, change the... (Logan Herald Journal, UT)
Hawaii evangelical churches plan election push Oct 13, 2009
Federal tax law prevents churches from openly endorsing candidates, and pastors shied away from discussing their preferences. But intended or not, it is clear which gubernatorial candidate their efforts will most benefit: Lt. Gov. , the leading contender for the nomination. (USA Today -- News)
Those Selfish Bastards Oct 12, 2009
Mr. Dionne can be quite entertaining at times with his perception of how our society should be organized, but his commentary on how charity heads were reacting to proposed tax law changes sparkled in new and untold ways. After the defeat of their attempt to insert a public option into the Senate Finance Committee health care bill, Senators Jay Rockefeller and John Kerry moved to reduce the tax deduction for charitable contributions for what Mr. Dionne calls the well-to-do. (Townhall.com)
Mexico to Liquidate Second-Largest Power Supplier on `Unsustainable' Loss Oct 12, 2009
On Sept. 8, Calderon submitted to Congress tax law changes that would generate 176 billion pesos ($13. 2 billion) in additional revenue next year and spending cuts of 218 billion pesos. (Bloomberg -- Latin America)
Service tax paradigm shift needed to push for growth of services sector Oct 12, 2009
Unfortunately, the fundamental structure of service tax law did not change in tandem with the complexity of the services. As it stands, there are key inefficiencies of service tax which inhibit the services sector. (The Star Online, Malaysia -- Business)
Click to read:Poll: Congress Gets Low Health Care Grade Oct 10, 2009
And right now they are the corrupt party, with tax challenged Rangel, who rights tax law, Murtha who is deep into the defense industry, Waters, who husband worked for and invested in a bank that she arranged a TARP bailout for and Frank who also arranged for a special Tarp bailout for a bank that wasn;t scheduled for one. These "leaders" of the party show just how corrupt it is and Pelosi and Reid seem to support them. (CBS News)
Mexico's Peso May Rally After Approval of 2010 Budget, Pensionissste Says Oct 10, 2009
The governments budget proposes tax law changes that would generate 176 billion pesos in additional revenue next year and spending cuts of 218 billion pesos. Its possible to anticipate gains in the peso after lawmakers approve the 2010 budget, Diaz de Leon said. (Bloomberg -- Latin America)
Superfast broadband extends reach Oct 10, 2009
The government has pledged to make its broadband tax law before the next election. The tax, which will collect 6 a year from all householders with a fixed line telephone, will provide a fund to subsidise fibre rollout to areas not regarded as economic by firms such as BT and Virgin. (BBC News -- Technology)
Rangel: Political liability for Dems in 2010? Oct 10, 2009
Lately, it's been a steady drum beat of criticism by Republicans against the chairman of the powerful House Ways and Means Committee, the lead body for writing tax law in the House ... "If the chairman of the committee charged with writing our tax laws didn't know he should be reporting assets and income received from property and rent, then he's criminally negligent," he said. (CNN -- US)
Why the CBO cost estimate is so important Oct 8, 2009
The CBO works with the staff of the Joint Committee on Taxation which assesses the effect of changes in tax law. Even when members of Congress disagree with CBOs scoring, they almost always respect its expertise and integrity. (MSNBC -- Politics)
The Godfather of Probity and Accountability Indicted Oct 7, 2009
This was a deliberate act on the part of the former tax law professor to humiliate the judiciary and former president Kuffuor. That decision though, it appears, has come back to bite him in the proverbial backside. (Ghana Web, Ghana)
ACORN embezzlement was $5m, report says Oct 7, 2009
Those subpoenas targeted possible violations of state employee tax law, obstruction of justice, and violations of the Employee Retirement Security Act. The attorney general made inquiries in June into alleged embezzlement within ACORN that happened 10 years ago. (Boston Globe)
* AmCham welcomes trade policy changes Oct 5, 2009
Taipei Times - archives. Enter your search terms. (Taipei Times, Taiwan -- World Business)
New appeals board members appointed Oct 3, 2009
My familiarity with property tax law, my experience researching property tax issues and my training by the state Board of Equalization would be very valuable in my membership on the board, Contreras stated on his application. Hart, of Murphys, has experience dating back to 1963, when he worked with an appraisal company in Santa Clara. (San Andreas Calaveras Enterprise, CA)
Seneca investment arm hires CEO Oct 2, 2009
Kimelberg also practiced corporate and tax law with New York s and was a law clerk for U.S. Bankruptcy Court Justice J. Michael Deasy. Kimelberg graduated magna cum laude from Cornell Law School and has a bachelor s degree from Northeastern University, where he also graduated magna cum laude. (Buffalo Business First, NY)
Ukraine's Naftogaz indicates default on bonds Oct 1, 2009
Thursday's action met a tax law deadline for declaring that those outlays will be converted to long-term bond debt. KIEV, Ukraine -- Ukraine's debt-laden state energy firm Naftogaz says it has failed to repay principal on $500 million of its bonds on time, indicating a default. (Fresno Bee -- Business)
Ohio governor proposes freezing income tax cuts Oct 1, 2009
The initial tax cuts were part of a package of tax reforms proposed by former Gov. Bob Taft, a Republican, in 2005 and enacted as part of a larger package of tax law changes intended to make Ohio more competitive. (Copyright 2009 by The Associated Press. (FOX19.com, OH)
Tapped out and bone dry Sep 30, 2009
Probably the most insidious mechanism lawmakers have added to the tax law is the unbridled use of tax credits under the income tax law. Because the claim for tax credits is not dictated by any economic indicator, the Council has no way of forecasting how taxpayers will react in making the necessary expenditures that would qualify for the tax credit. (Lihue Garden Island, HA)
Prof. Kwabena Frimpong-Boateng, N.P.P's Compromise Candidate For 2012 Sep 30, 2009
Ghanaians and the whole world are watching with keen and rapt attention as to how the tax law professor schemes the affairs of state ... While many of them would abandon their political ambitions, this will favour the within named medical superman to fiercely fight the next elections because he stands taller than the tax law professor and possibly, head and shoulders above the others from the NDC if, indeed, they would ever field him again. (Ghana Web, Ghana)
Furniture that feeds Sep 30, 2009
"At first, I thought I would pick the items up and sell them on Craigslist. But this got pretty complicated because of tax law. To get around this issue, I started an LLC, which is the type of corporation that a lot of small businesses have," Thal said. Furniture can be bought or donated through Thal, who will either pick up or deliver the furniture as long as it is within the D.C. metro area. (GW Hatchet, Washington DC)
Homes used for fire training a tax write-off? Sep 26, 2009
Steven Willis, a professor at the University of Florida who studies income tax law, said a charitable deduction can be no greater than the value of whatever was donated, and a house given to a fire department has negative value, since the owner was going to have to pay somebody to get rid of it. "The whole idea of a charitable deduction is that you give something to charity and you don't get anything back, right?" said Paul Caron, a tax scholar at the University of Cincinnati. (MSNBC -- Business)
Culver transfers funds to balance budget Sep 26, 2009
Senate Minority Whip Steve Kettering, R-Lake View, said Culver and majority Democrats "forgot about teachers and flood victims by choosing not to couple with federal income tax law. Apparently, the governor forgot about them again today when he claimed he balanced the budget without raising taxes" by shifting funds to pay for the largest budget in state history. They're simply wrong, Culver spokesman Phil Roeder said. (Sioux City Journal)
Click to read:Dubious Accounting Shadows Top Democrat Sep 23, 2009
Now the question has to be asked how long before Nancy Pelosi will even notice that the chairman of the committee in charge of writi 00004000 ng tax law can't seem to fill out an honest tax return ... Who better to know how people are cheating the tax laws than another democratic tax cheat. (CBS News)
State veterans home loan rate lowered Sep 22, 2009
In addition to state veteran eligibility requirements, federal tax law governing the program requires that the qualifying veteran be no more than 25 years from the date of discharge from active duty military service at the time of application. In order to take advantage of the WDVA state veterans home loan program, Wisconsin veterans should establish eligibility through their County Veterans Service Officer (CVSO). (Watertown Daily Times, WI)
Dixon given free ride for missing the boat Sep 22, 2009
The airline's annual report shows Dicko, 69, was paid $3 million ''in partial compensation'' for the retrospective changes in tax law that impacted the $7. 66 million that was tipped into his super account when he renewed his contract in August 2006. (Sydney Morning Herald -- Business)
Offshore-bank users get until Oct. 15 to confess Sep 21, 2009
That has spurred some who got the notifications to join the applicant rush, said Bryan Skarlatos, a New York tax lawyer ... Similarly, Martin Press, a tax law specialist in Fort Lauderdale, said his firm represents applicants who had undisclosed accounts in Colombia, Panama, the Cayman Islands and elsewhere ... Although the program has been aimed at deliberate tax evaders, the attorneys say applicants include those who fell afoul of U.S. tax laws on accounts they opened while working overseas. (USA Today -- Money)
Real property tax appeals unclear Sep 21, 2009
The tax law requires that assessment practices must be systematic. But the assessor argued that the law did not require consistency and his arbitrary increase was upheld. (Lihue Garden Island, HA)
ACORN is a concern Sep 20, 2009
And he is on the committee to write tax law. Please do not send me a general response to this letter. (Hanford Sentinal, CA)
Oil find in Ghana - Sam Jonah Praises GNPC Sep 16, 2009
He led in the development of a specific Petroleum Income Tax Law. Beyond this intellectual and professional contribution Tsatsu emerged as a corporate leader building GNPC itself from the ground up. (Ghana Web, Ghana)
Law profession weighs techs benefits vs. cultural issues Sep 16, 2009
The firm now operates 15 Twitter accounts dealing with various subjects such as tax law, Interactive Communications Manager Ellen Henderson said. The idea is to send clients alerts about any news the firm may have on its Web site. (Austin Business Journal, TX)
House Dems to Introduce Resolution to Condemn Wilson Sep 16, 2009
John Carter (R-Texas), secretary of the House Republican Conference and a former judge, led a Special Orders hour of remarks from the House floor last night again demanding accountability from the House majority for Rangel s admitted violations of tax law. While the credibility of this body is being destroyed by the double standards of the Speaker and the administration, and the confidence of the American people in the integrity of the House of Representatives is at an all-time low, Democrats... (Human Events Online)
Mexico's Peso Bonds Decline After PRI Opposes Taxes on Food, Medicine Sep 14, 2009
Calderon needs the support of the opposition party, known as PRI, to win approval for his planned tax law changes after the party became the largest group in the 500-member lower house in July midterm elections. The PRIs negative stance introduces uncertainty regarding the countrys future, said , director for Latin America at Moodys Economy. (Bloomberg -- Latin America)
Loud 9/12 protest reaches the Capitol Sep 13, 2009
Then they double down on stupid by turning compliance and enforcement over to the IRS, an institution that can't even figure out its own tax law. BY Michael Farenholz on 09/12/2009 at 15:33PAGE. (TheHill.com)
Maine tax challenge advances Sep 12, 2009
The food was delicious and the decor was beautiful (Seacoast New Hampshire)
Fresno OKs Met, Granite Park loan deals Sep 11, 2009
Thursday's action met a tax law deadline for declaring that those outlays will be converted to long-term bond debt. Officials told the council that payments are expected to be about $1. (Fresno Bee -- Local)
NYC planners: cut 200 feet from MoMA tower design Sep 11, 2009
Thursday's action met a tax law deadline for declaring that those outlays will be converted to long-term bond debt. Fix one thing at a time. (Fresno Bee -- Nation)
Totalisation calls for local tax change Sep 8, 2009
But some provisions of the Indian tax law stand in the way of Indian companies drawing its full benefit. The government should lose no time in amending the tax law, so as to enhance India's global competitive advantage, particularly in information technology. (India Times)
GBI focuses on Pendergrass monetary issues Sep 5, 2009
The allegedly misspent sales tax money does not constitute a criminal offense, but it may violate Georgia's tax law and open the city up to civil action, Smith said. Meanwhile Rogers and Rintoul plan on filing a wrongful-termination lawsuit against the city, according to their attorney, Nancy Val Preda of Hoschton. (Athens Banner-Herald)
Austerlitz Dems pick candidates Sep 5, 2009
Corigliano, an attorney and former New York State Tax Law judge, has considerable legal and administrative experience to put into the service of the community. Since 2006, she has served on the Austerlitz Comprehensive Plan Oversight Committee, most recently as deputy chair. (Hudson Register Star, NY)
More Sellers are Turning to Rentals Sep 4, 2009
Federal tax law requires living in the home at least two of the previous five years to qualify for the full capital-gains tax exclusion when the house is sold. Of course, if there is no profit to be had, then this isn t a problem. (Realtor Magazine Online)
Business Whirl: New Salvation Army officers installed Aug 30, 2009
The CTFA designation focuses on fiduciary responsibilities in areas such as tax law, tax strategies, estate planning, investment responsibilities, personal finance, business succession planning and other financial issues. Gaskill also recently graduated from Southern Trust School in Mobile, Ala. (Athens Banner-Herald)
Entities fight for lower assessments in Utica Aug 30, 2009
Therefore, the bank has applied for relief under the Real Property Tax Law. The process of that action is currently under review. (Utica NY Obserer, NY)
Two bars closed for not paying drink tax Aug 29, 2009
Under the drink tax law, bar owners can face criminal or civil penalties for not paying the tax. Criminally, they could face a $300 fine and 90 days in jail for each month that they don't remit the levy. (Pittsburgh Post-Gazette, PA)
Healthcare reform doesn't have to be a federal trap Aug 28, 2009
Tax law encourages most people to rely on employers for health insurance, thereby insulating consumers from costs. Yet, we don't rely on employers to purchase automobile insurance, life insurance, or homeowners insurance. (Christian Science Monitor)
Judge delivers blow to reservation smoke shops Aug 27, 2009
In a decision announced Wednesday, U.S. District Judge Carol Bagley Amon in Brooklyn barred a group of smoke shops on Long Island's Poospatuck reservation from selling tax-free cigarettes to the general public, saying their location on tribal lands didn't exempt them from state and federal tax law. Only members of the Unkechaug tribe, which controls the reservation, have a right to buy cigarettes there without paying taxes, she ruled, not the many non-Indian customers who flock to the shops for... (Auburn Citizen, NY)
Yen Advances for Third Day as China Policy Concern Spurs Demand for Safety Aug 27, 2009
The yen also gained on speculation Japanese exporters are repatriating earnings to take advantage of a new tax law that took effect at the start of the fiscal year started April 1. One of the stories thats been doing the rounds again this morning is that Japanese firms may be repatriating profits back to Japan ahead of fiscal half-year end because of the tax holiday, said , global research director at Forecast Ltd. in Sydney. (Bloomberg -- Japan)
S B Mathur, Secretary General, Life Insurance Council Aug 27, 2009
Likewise under income tax law, companies suffer double taxation as surpluses transferred from shareholder funds to policyholder funds to pay bonuses are taxed twice. Life companies pay a few hundred crores as stamp duty, which is merely a collection of revenue for the government. (India Times)
Investment property first? Aug 26, 2009
Tax law treats a property investment exactly the same as borrowing to buy shares or a business however you get none of the flexibility. You pay much higher transaction (stamp duty) and holding (land tax) costs. (Sydney Morning Herald -- Business)
State can’t collect tax on sales in N.H. Aug 26, 2009
The court focused narrowly on the state s application of the use tax law, which requires Massachusetts residents to pay taxes on items bought in other states but that are intended for use in the Massachusetts ... But the court ruled the state s use tax law does not grant room for inference and requires the state to show actual proof the storage, use, or consumption of tangible personal property occurs in Massachusetts. (Boston Globe)
Mass. can't collect taxes on tires sold in NH Aug 26, 2009
Prior to the ruling, experts such as University of Georgia tax law professor Walter Hellerstein warned it was possible that state residents would not just pay taxes on everything they buy in New Hampshire, but that neighboring higher sales tax states like Connecticut and Rhode Island would try to recover revenues lost when their residents shopped in Massachusetts. Hellerstein said Tuesday that the case ended with "a whimper, rather than a bang" because the high court was able to avoid any... (Concord Monitor)
Government Mulls Car-Taxation Changes to Lift Sales, Handelsblatt Reports Aug 24, 2009
Aug. 24 (Bloomberg) -- Germany is considering changing tax law to boost car sales after the end of an incentive program to scrap old autos, reported, citing , premier of the state of Baden-Wuerttemberg. The change would make it easier for German auto workers to sell cars purchased with employee discounts, the newspaper said. (Bloomberg -- Germany)
Direct Tax Code fails to bring an equitable tax system Aug 24, 2009
The new code is in fact a completely new tax law aiming to simplify the direct tax regime in India and has tried to capture the best international practices. This new code also attempts to make direct taxes equitable by introducing moderate levels of taxation and expanding the overall tax base. (India Times)
Governor cuts nursing home benefit, again Aug 23, 2009
He also holds Masters in accounting and a Masters in tax law. He currently serves on the board of directors of the Friends of the Saugus Senior Center and is a member of the Massachusetts Chapter of the National Academy of Elder Law Attorneys. (Medfield Press, MA)
UBS case weakens Swiss bank secrecy Aug 23, 2009
Despite its famed privacy laws, "there are always provisions under which Switzerland would break bank secrecy," says Andrew Pike, a professor of tax law at American University ... "They require you to go back six years and pay taxes, a penalty on the tax, interest and an additional penalty equal to 20 percent of your highest balance in the past six years," says Paul DiSangro, a tax lawyer with Nixon Peabody. (San Francisco Chronicle -- Business)
Informant in UBS Tax Evasion Case Sentenced to 40 Months in Prison Aug 22, 2009
David Meier, Birkenfeld's Washington attorney, called the case "unusual and extraordinary." He said his client provided the road map for the UBS investigation that is changing the world of international tax law. "He had the courage to stand up," Meier said. (Law.com)
The End to Stimulus Bounty Is Fast Aug 22, 2009
Existing users please login. Remember me on this computer. (Fox News)
In Central Asia, Corruption Undermining Education System Aug 21, 2009
Seeking to ensure an affordable future for their son, his parents -- farmers in Tajikistan s northern Maschoh region -- instead paid out a $1,000 bribe to ensure he would be enrolled to study tax law at a Tajik finance university. "We had to sell several of our cattle to raise the money," Jovid says. (EurasiaNet.org)
Senator is to speak about energy concerns Aug 20, 2009
The topics include proposed tax law changes that are harmful to domestic oil and gas exploration, production and processing, climate change, CO2 and hydraulic fracturing legislation. Sidney's Dr. Hal Campbell then closes the Thursday Mon-Dak gathering by discussing alternative energy through hydrogen production. (Williston Daily Herald, ND)
Poll: Confidence in Health Care Dwindling Aug 19, 2009
" by Mortarman29 August 18, 2009 10:16 AM EDT Hungry NEVER tries to learn the facts. Instead, he just spits out the left-wing propaganda. And blame Cheney-Bush-Palin-FOX-ETC. by bmallen3 August 18, 2009 8:02 AM EDT Obama gives speeches except he gets his facts wrong all the time. People have detected that he is about big government and redistribution of wealth, two ideas that the American voters do not want. The next election cycle is going to fix this problem as the Democrats will lose control... (CBS News)
Lilly Reports on Outcome of Phase III Study of Arzoxifene Aug 19, 2009
The company's results may also be affected by such factors as competitive developments affecting current products; rate of sales growth of recently launched products; the timing of anticipated regulatory approvals and launches of new products; regulatory actions regarding currently marketed products; other regulatory developments and government investigations; patent disputes and other litigation involving current and future products; the impact of governmental actions regarding pricing,... (PR Newswire)
Disrupting Regulatory Measures and the Overall Tense Economic Situation Impact Results for the First Half Year 2009 Aug 19, 2009
- the level of demand for telecommunications services or equipment, particularly with regard to access lines, traffic, bandwidth and new products; - competitive forces in liberalized markets, including pricing pressures, technological developments, alternative routing developments and new access technologies, and our ability to retain market share in the face of competition from existing and new market entrants; - the effects of our tariff reduction or other marketing initiatives; - the... (PR Newswire)
Founder of law firm Arent Fox dies Aug 19, 2009
Ed Kahn was one of the great D.C. lawyers of our time and a nationally recognized master of tax law, said Arent Fox Managing Partner William Charyk. Kahn earned his undergraduate degree from the University of North Carolina and graduated from Harvard Law School. (Washington Business Journal, DC)
