Taxes

Vodafone asks for $2bn tax feud extension$

Times Online (Free subscription) | yesterday

Vodafone has asked India’s income tax department to give it more time to respond offically to demands for a $2 billion ($£989 million) tax bill.

Linda B. Blackford: Kentucky's Poor spend larger percentage on taxes

Dialogic (Free subscription) | yesterday

Poor spend larger percentage on taxes By Linda B. Blackford Lexington Herald-Leader Low and middle-income Kentuckians pay a larger share of their incomes on state and local taxes than wealthier people do, making the tax system one of many in the country that is inherently unfair, according to a new study. The Institute on Taxation and Economic Policy in Washington, D.C., studied tax codes in every...

Another Obama Administration Memember Caught With Tax Problems

Say Anything (Free subscription) | 19/11/2009

What is it with these liberals and not paying their taxes ? President Barack Obama’s choice for a top job in the Treasury Department did not disclose all of her late tax payments until she was repeatedly prodded by Senate investigators, a congressional report issued Wednesday said. Obama’s nominee for undersecretary of the Treasury for international affairs, Lael Brainard, is the fifth...

• Good Grief. Another Obama Treasury Department Official Admits Cheating On Taxes - Gateway Pundit
• Another Obamunist tax deadbeat - taxmanblog
• See the 6 articles on the same subject

Marriage Penalty, 17 New Taxes - Health Care Bill

FREEDOM EDEN (Free subscription) | yesterday

On September 12, 2008, Barack Obama was in Dover, New Hampshire, on the campaign trail. He was talking taxes and he made a promise, a "firm pledge." BARACK OBAMA: And I can make a firm pledge: under my plan, no family making less than $250,000 a year will see any form of tax increase - not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes . NO FAMILY...

State sales tax revenues way down

Off the Kuff (Free subscription) | yesterday

The 2011 legislative session is going to be so much fun. Sales tax revenues have taken double-digit dives for five months running; in each of those months, the state’s income from those taxes has been more than 10 percent lower than in the same month the year before. In a state where a steady rise in [...]

Madison expected to vote on sales tax Monday

Breaking News from The Huntsville Times - al.com (Free subscription) | yesterday

MADISON, AL -- Kristin Mitchell knows what overcrowding can do to a school system. She was a teacher in Mississippi before moving two years ago to Madison where her two children attend West Madison Elementary School.

Fishman: Stealth Preemption -- The IRS's Nonprofit Corporate Governance Initiative

TaxProf Blog (Free subscription) | yesterday

James J. Fishman (Pace) has posted Stealth Preemption: The IRS's Nonprofit Corporate Governance Initiative, 29 Va. Tax Rev. ___ (2010), on SSRN. Here is the abstract: The IRS, the primary federal regulator of charities, has initiated a corporate governance initiative. The intervention by the IRS into an area traditionally the...

Expert: 46% tax increase rare

The Observer-Dispatch News RSS (Free subscription) | yesterday

“Unusual” and “dramatic.” Those are the words one local government expert used when he heard the town of New Hartford had approved a 46 percent property tax. Gerald Benjamin of SUNY New Paltz said other towns in the state also were facing fiscal problems because of the economic downturn, but they were able to tide themselves through with their reserve funds.

Help Or Mistake As the US Introduces Enhanced Property Tax Credit Extensions

Zen Finance Advice (Free subscription) | yesterday

A 3.5% rise for the third quarter, in the GDP, is brilliant news for the United States economy. This fantastic news also continues within the housing market, which is now starting to exhibit improvement. Is the United States embarking on the route to recovery? There is more than 7 months worth of stock on the US [...]

'Girls Gone Wild' Creator Owes The IRS Some Serious Cabbage

MediaBistro.com (Free subscription) | 19/11/2009

The IRS has filed a Federal Tax Lien against 'Girls Gone Wild' creator Joe Francis for nearly $34 million. From TMZ.com : It was less than 2 weeks ago that Joe got out of a sticky federal tax evasion case by copping a plea and avoiding prison. Joe told TMZ, "I have no idea what it is." He says he does not owe the money and, "This is total retaliation for me beating them in court."...

• Joe Francis -- Record-Breaking Tax Debtor - TMZ
• Is It Time to Put Joe Francis in Jail Forever Yet? - The Evil Beet

IRS to Joe Francis: Watch Your Back ... Taxes!

The Hollywood Gossip (Free subscription) | 19/11/2009

When he's not beating up Jayde Nicole , Joe Francis certainly isn't paying taxes. The IRS wants some serious money from the sleaze, filing a lien against him for a staggering $33,819,087.14 in unpaid taxes from 2001, 2002 and 2003. In 2001, the IRS says Joe didn't pay $17,658,358. In 2002, the delinquency is $11,238,582.14, and in 2003, he owes a much more modest $4,922,147. It was less than two weeks...

• Joe Francis -- Record-Breaking Tax Debtor - TMZ
• Is It Time to Put Joe Francis in Jail Forever Yet? - The Evil Beet

Tax-take from automobile industry surges in China

People Daily (Free subscription) | yesterday

Tax-take from the automobile industry has surged in the first 10 months this year as auto production and sales were booming in the world's largest market. The State Administration of Taxation said Friday value added tax (VAT) paid by the transportation equipment manufacturing industry grew 28.8 percent to 88.6 billion yuan (13 billion U.S. dollars) during the period, and business income tax revenue...

Afghan War Tax

pamibe (Free subscription) | yesterday

House Financial Services Committee Chairman Barney Frank, House Appropriations Committee Chairman Dave Obey and Representative John Murtha want a War Tax tacked on to our income tax to pay for the Afghan war, starting in 2011. “Regardless of whether one favors the war or not, if it is to be fought, it ought to be [...]

Strip club owner pleads guilty to tax evasion

Boston Globe (Free subscription) | yesterday

A Connecticut man who owns several bars and strip clubs has pleaded guilty to failing to pay federal income taxes for more than a decade.

Who Is Paying Taxes?

Government Bytes (Free subscription) | yesterday

Tim Wise from ACTA passes along this chart from Mint.com showing who pays taxes. We have IRS data going back to 1999 here.

4 Dangers In Flipping Real Estate

neilsamsung | 19/11/2009

If you have recently purchased some real estate for investment purposes, you are in good company. Recent reports suggest that as many as 25% of these purchases are made by those who plan on using the property for investment purposes only. If you hope to "flip" the property there are 4 things you must be aware of that can put a crimp on your profits. 1. Property Taxes . Keep the property for a few years...

French Social Charges and UK Pensions

ifp | 18/11/2009

Early retirees in France continue to benefit from an administrative loophole in the taxation of their pensions, but it may not last. As we have pointed out previously in this Newsletter, private sector early retirement pensions are subject to French social charges, but in practice most early retirees from the EU currently escape the full force of these charges. The ‘social charges’ is in fact a collective

Slaughter and May Solicitors - "GJH Carroll Forged Signatures" - HM Treasury Tax Evasion Crime Syndicate Case

carrolltrust | 13/11/2009

Slaughter and May partners Glen James Simon Hall and Lucy Wylde are explicity "named" as the Gerald Carroll Carroll Foundation Trust lawyers in compelling criminal evidence dossiers containing forged HM Land Registry Gerald Carroll legal conveyance documentation HM Government DTI Companies House forged and falsified Carroll Trust Corporations share certificates and HM Ministry of Defence Carroll Trust