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Income tax


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China's New Business Income Tax -- Online Seminar, August 7, 2008

Strafford Publications, which usually gets pretty good people for its online law seminars, is putting on one entitled, "China's New Business Income Tax: Shielding Non-China Income From the Expansive Enterprise Income Tax." (h/t to AsiaBizBlog) The seminar will take place on August 7 from 1 pm to 2:40 pm, EST. Stafford describes its seminar as follows: As of Jan. 1, 2008, China enacted a 25% enterprise...

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Wisconsin Public Radio: Discussing Corporate Income Tax

With the recent Wisconsin budget shortfall, lawmakers in that state are examining ways to increase revenue. Listen to the discussion on Wisconsin Public Radio.

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Pay income tax through any bank a/c

Tax payers can now deposit income tax from the bank accounts of any person in addition to credit and debit cards, the Central Board of Direct Taxes (CBDT) said.

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Local income tax plan’s ‘affordability gap’

SNP plans for a local income tax face an affordability gap as the economic downturn takes it toll on tax revenue.

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States Without a Personal State Income Tax

States Without a Personal State Income Tax Alaska New Hampshire Tennessee Florida South Dakota Washington Nevada Texas Wyoming Source: IRS

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Volkswagen Jetta TDI buyers eligible for $1,300 tax credit

Volkswagen announced today that customers looking to purchase the new Jetta TDI sedan and SportWagen are eligible for a $1,300 Federal Income Tax Credit. The new Jetta TDI lineup qualifies for the...

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Citizens should bear burden with the state: tax official

As the Personal Income Tax Law will come into effect January 1 next year, a senior tax official discussed with Thanh Nien the law’s proposed guiding decree, slated for government evaluation later this month. The law was passed before the major impact of inflation. Has there been any change in the taxable income threshold? Nguyen Van Phung, Deputy Head of the Tax Policy Department: Personal

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Feds: Man Tried To Bribe IRS With Rockies Tickets

A Monument man is accused of offering an IRS agent Colorado Rockies season tickets in return for changing a 2006 person income tax return audit.

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Higher costs send Ashland 2Q profits down

Ashland Inc.'s net income for the quarter ended June 30 declined 28 percent to $72 million, or $1.13 per share, compared with $100 million, or $1.58, in the same period a year earlier, as higher costs of sales, increased SG&A expenses, and higher income taxes offset an 11 percent increase in revenue.

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Purple!

This was not a planned blog post, but I'm so excited I just have to share: I just got my 2008-2009 Federal Income Tax Code and Regulations Selected Sections. It's purple! It's not that I love purple so much, but...

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VW TDI Jettas eligible for $1,300 tax credit

Volkswagen of America has announced that its new Jetta TDI sedan and sport wagon are both eligible for a $1,300 tax credit. Although most vehicle tax credits are reserved for hybrid vehicles, the IRS approved the TDI Jettas for the Advanced Lean Burn Technology Motor Vehicle income tax credit. “The $1,300 tax credit provides an [...]

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Farmers and tax

THE PRESIDENT of the Irish Farmers Association, Padraig Walshe, accused the Minister for Agriculture, Brendan Smith, last week of being "unfair" by revealing that farmers shouldered only 1.3 per cent of the entire income tax burden in 2007. It was a strange allegation. It may reflect a realisation that tax compliance within the agricultural sector will become more important as exchequer revenues fall....

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How to file your tax return

To file I-T returns, the choice for salaried individuals will be between the Indian Income Tax Return - 1 (ITR-1) and ITR-2 forms.

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Economists: McCain would have more positive impact on stock markets than Obama

http://www.bizjournals.com/atlanta/stories/2008/07/21/daily50.html ---Quote--- McCain wants to cut U.S. corporate income tax rates from 35 percent to 25 percent, double the $3,500 child tax credit, and ban Internet and new communications taxes. He also backs domestic offshore drilling and free...

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Special counters to function

Thiruvananthapuram: Special counters will function at Aayakar Bhavan, Kowdiar, Thiruvananthapuram, for receiving income tax returns relating to salary. The counters will function from 9.30 a.m. to 5 p.m. on working days from July 28 to 31. The ...