Stories that are tagged 'gift tax'

	GOP Further Pressures IRS On Donation Investigations 3/19/2012 Twelve Republican Senators have written to the United States Internal Revenue Service further questioning the recent selective enforcement on tax-exempt organizations, and urging that it prevents politics from playing a role in any action it takes.
	GOP Pressurizes IRS On Donations Probes 3/7/2012 While the United States Internal Revenue Service has said that it will take no further its investigation into political donations to non-profit organizations, including local Tea Party groups, the Republican Party is continuing to insist that the agency should provide full information about what prompted the audit in the first place.
	German Foundation Eyes Wealth Tax Reforms 2/27/2012 Tax experts at the Hans Böckler Foundation have recently put forward reform proposals for the taxation of wealth in Germany, designed to generate additional annual tax revenues for the state and to ensure that Germany’s wealthiest individuals contribute more in future to financing state budgets.
	Austria 'Regrets' Moody's Outlook Downgrade 2/20/2012 Austria’s federal ministry of finance has welcomed Moody’s decision to keep the credit rating of the Republic of Austria at triple-A status, while lamenting the fact that the change in outlook from ‘stable’ to ‘negative’ does not take adequate account of the coalition’s recently agreed austerity package.
	Austria Unites On Savings Package 2/13/2012 Austria’s Finance Minister Maria Fekter has recently announced that the coalition government has finally united on plans for 'the largest reform package' of the Second Republic, designed to consolidate the country’s public finances by a total of EUR26.457bn (USD34.915bn) by 2016, but without recourse to an annual tax on wealth, to the reintroduction of an inheritance and gift tax or to an increase in the top rate of tax.
	Austrian Unions Eye Wealth Tax Package 1/24/2012 During the course of a recent joint conference, the Austrian Federation of Trade Unions and the Austrian Labour Chamber underlined the need for both expenditure- and revenue-based measures to be included in the coalition’s planned EUR10bn (USD13bn) consolidation package.
	Austria Focuses On Eradicating Tax Loopholes 1/23/2012 Echoing views expressed in parliament recently by Austria’s Finance Minister Maria Fekter, legal tax expert Werner Doralt has given his full support to any plans to close existing loopholes in the country’s tax system to consolidate the budget.
	Austrian Businesses Slam Chancellor's Tax Rise Plans 1/18/2012 A recent survey of 1,300 businesses, conducted by the Austrian Economics Chambers in the regional province of Steiermark, has revealed that 95% of those companies surveyed are in favour of budgetary consolidation by means of expenditure-based measures, while only 17% support the idea of wealth-related taxes as a means to cut the country’s deficit.
	French Parliament Waves Through Year End Collective Budget 12/28/2011 The French National Assembly (lower house) has definitively adopted the end of year 2011 supplementary finance bill, containing a number of targeted tax rises.
	German Trade Unions Seek Higher Wealth Taxes 12/20/2011 President of the German Confederation of Trade Unions Michael Sommer has called for a greater fiscal contribution from the country’s wealthiest to resolve the ongoing debt crisis and to bring the budget to balance, notably for the tax burden to be increased on wealth and on inheritances in Germany.
	EU Tackles Cross-Border IHT Issues 12/20/2011 The European Commission has recently adopted a comprehensive package on inheritance taxation, proposing measures designed to address the issue of cross-border inheritance tax problems, notably double or multiple taxation and discrimination.
	Baroin Rules Out Third French Austerity Package 12/8/2011 French Finance Minister François Baroin has ruled out the idea of introducing a third austerity package in France, despite the latest threat to the country’s triple A rating from rating agency Standard and Poor’s.
	EC Opposes Dutch Rules On Inheritance And Gift Duties 11/30/2011 The European Commission has decided to refer the Netherlands to the European Union’s Court of Justice for discriminatory rules on inheritance and gift duties.
	France Unveils Year-End Supplementary Finance Bill 11/21/2011 During a recent Council of Ministers meeting, French Budget Minister Valérie Pécresse and Finance Minister François Baroin (pictured) presented the country’s end of year 2011 supplementary finance bill, providing for fiscal measures announced by Prime Minister François Fillon on November 7, amounting to around EUR5.2bn (USD7bn).
	France Unveils Second Austerity Package 11/9/2011 Determined to consolidate its fiscal path and to achieve its deficit reduction objectives, in the context of a slowdown in global growth, the French government has unveiled details of a second wave of austerity measures, which include tax and expenditure decisions.
	Spain In Court Over IHT Laws 10/31/2011 The European Commission has referred Spain to the European Court of Justice over claims that Spanish inheritance and gift taxes discriminate against non-residents
	Gift Duty Ends In New Zealand 10/7/2011 The burden of gift duty whose compliance cost New Zealanders NZD70m (USD54m) a year for a tax haul of only about a million dollars annually has been lifted from their shoulders.
	IRS Reminds Estates Of New Tax Break 10/5/2011 The United States Internal Revenue Service has reminded estates of married individuals dying after 2010 that they must file an estate tax return, before October 31, to pass along their unused estate and gift tax exclusion amount to their surviving spouse.
	Goodbye To New Zealand Gift Duty 9/6/2011 The law that will get rid of New Zealand's gift duty received its Royal Assent last week in yet another milestone in removing the antiquated tax, Revenue Minister Peter Dunne said.
	New Zealand Gift Tax Repeal Passes 8/22/2011 New Zealand Revenue Minister Peter Dunne has welcomed the passage of legislation that will make the tax system more efficient, reduce compliance costs and finally abolish gift duty.
	IRS Suspends Gift Tax Investigations 7/12/2011 The United States Internal Revenue Service has stated that it will take no further its recent investigation into certain donations to non-profit organizations, and the possibility of imposing gift taxes thereon.
	IRS Asked Questions On Gift Tax Investigations 6/17/2011 The United States House of Representatives Ways and Means Committee Chairman, Dave Camp, has released a letter he has sent to the Internal Revenue Service about its recent investigation into certain donations to non-profit organizations and the agency’s apparent drive to impose gift taxes on those funds.
	Austrian Business Rejects Wealth Tax Demands 6/9/2011 Renewed calls for the introduction of wealth taxes in Austria by President of the Austrian Federation of Trade Unions Erich Foglar have met with fierce opposition from both the Austrian People’s Party and from industry as well as from leading opposition parties.
	New Zealand Earthquake Relief Bill Tabled 5/10/2011 A bill tabled in the New Zealand Parliament will provide real and practical help through the tax system to the people of Canterbury, Revenue Minister Peter Dunne said.
	France Unveils Plans To Modify Wealth Tax 4/18/2011 Following a final arbitration meeting, and ending months of uncertainty and speculation, the French government has finally announced details of its plans to profoundly modify the country’s existing system of wealth tax.
	Belgium Falls Foul Of EU Tax Rules 4/13/2011 Belgium has come under legal scrutiny over six tax provisions the European Commission has deemed to be contrary to European Union laws, referring two such matters to the European Court of Justice, and sending reasoned opinions requesting a response in respect of the remaining four.
	New Zealand Tax Relief Measures Announced 4/5/2011 The New Zealand government has put in place several tax relief measures to help Christchurch residents and businesses trying to get back on their feet after last month's earthquake.
	Zürich Backs Inheritance Tax Initiative 3/30/2011 The Swiss canton of Zürich has recently submitted a cantonal proposal to the federal government calling for the re-introduction of inheritance and gift tax in Switzerland.
	Germany Urged To Amend Inheritance Tax Rules 3/16/2011 The European Commission has formally requested that Germany amend its inheritance and gift tax legislation.
	Court Orders Repayment Of USD2.4bn Japanese Gift Tax 2/23/2011 Japan’s Supreme Court has repealed the gift tax assessment imposed on Toshiki Takei, the son of the founder of Takefuji, the failed consumer loan company.
	Report Highlights EU's Double Tax Problems 2/4/2011 The European Commission has published a new report describing responses the European Union has received from a consultation launched in mid-2010, in which respondees were asked to submit details of previous cross border tax problems.
	Dreier Introduces US Fair Tax Bill 1/12/2011 Congressman David Dreier has re-introduced the Fair and Simple Tax Act in the House of Representatives, a piece of legislation which he says would simplify the US tax code and reduce the burden on taxpayers.
	Liechtenstein's New Tax Law In Force 1/7/2011 The government of the principality of Liechtenstein has announced the fact that since January 1 its new tax law – one of the most modern and attractive in the world – has been in force.
	'Scrap IHT' Argues UK Think Tank 12/30/2010 UK Inheritance Tax should be abolished and replaced with a new tax on gifts to individuals over GBP150,000, according to a new report from the Institute of Public Policy Research.
	Finland's Tax Working Group Presents Final Report 12/27/2010 The working group for developing Finland’s tax system has delivered its final report to the government, in which it proposes a modest shift of emphasis from taxation on work to taxation on consumption.
	New Zealand Taxation Bill Approved 12/14/2010 The New Zealand Tax Administration and Remedial Matters Bill, introduced in August this year, passed its first reading in parliament on December 10.
	New Zealand To Amend Tax Acts 12/7/2010 The New Zealand Government has drafted a Bill that amends several pieces of tax legislation affecting secrecy provisions, gift tax, and other administrative measures.
	New Zealand To Abolish Gift Duty 11/2/2010 New Zealand Minister of Revenue Peter Dunne has confirmed the government's intention to abolish gift duty because the rules were resulting in a high level of compliance costs and were no longer raising any significant revenue.
	Norway's Budget Includes Some Tax Hikes 10/8/2010 Norwegian finance minister, Sigbjørn Johnsen, has presented a new state budget in the Norwegian Parliament.
	EC Targets 'Discriminatory' Dutch Tax Laws 10/5/2010 The European Commission has requested that the Netherlands change discriminatory tax rules pertaining to certain succession and gift duties.
	Liechtenstein Gives Green Light To Tax Reforms 9/29/2010 Determined to increase the attractiveness of Liechtenstein as a finance centre, the principality’s state parliament has adopted the government’s bill for a comprehensive reform of taxation, and has given the green light for the law to enter into force as planned on January 1, 2011.
	IMF Recommends Targeted Tax Hikes For Austria 9/9/2010 In its Article IV consultation with Austria, the International Monetary Fund welcomed the planned decisive fiscal consolidation path beginning in 2011. Given the already high overall tax burden, 'revenue measures should be well targeted' and the Directors thought that well-designed measures, which focused mostly on expenditure could 'minimize the effects on growth and enhance fiscal sustainability.'
	Austria's ÖVP Fear SPÖ Wealth Tax Plans 6/18/2010 One of the central issues debated during the Social Democrat’s party conference, the issue of the “fair distribution” of taxes, has served to provoke unrest among Austria’s coalition government, with the People’s Party expressing grave concerns that its coalition partner may well be harbouring plans for the introduction of a wealth tax.
	New Zealand To Repeal Gift Duty 6/11/2010 New Zealand’s Revenue Minister, Peter Dunne, has announced that the government intends to repeal gift duty, if concerns around creditor protection and social assistance targeting can be addressed.
	EU Member States In Court 5/10/2010 The European Commission has referred Belgium, Finland and France to the European Court of Justice following the States’ failure to implement the Commission’s formal requests, which called for amendments to various tax provisions. Also on May 5, the Commission formally requested that Spain amend its inheritance and gift tax regime.
	Liechtenstein Adopts Tax Reform Law 5/7/2010 Liechtenstein’s government has approved plans for creating a new tax act, designed to modernize the existing Liechtenstein Tax Act of 1961.
	EC To Tackle Double Taxation 4/28/2010 The European Commission has this week launched an online public consultation to ask individuals, companies and tax advisers for information on the double taxation problems that they have encountered when operating across borders within the European Union.
	Indian Fair Value Tax Rules Are Issued 4/20/2010 The Indian Central Board of Direct Taxes has now produced formulae to determine the fair market value of shares and other gifted property for calculating tax, which will apply after the finance bill is passed in Parliament. These are being scrutinized with some apprehension by private equity market specialists.

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Stories that are tagged 'gift tax'

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