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Italy Explains New Local Property Tax

I have no idea how to calculate this tax, have been told that i have to pay 450 euros ,just like that ! i have no idea why ! i don't own my flat as i still have to pay 10 years mortgage. whatever, i just want to know how they made the calculation !
By jeannette on Thursday, December 6, 2012

 

China Opposes EU Emissions Tax

This article should clarify that China is not opposed to the EU ETS, in fact it is very much in favour of developed countries implementing such schemes.However it is merely opposed to the inclusion of aviation from outside of the EU in the EU ETS. This is unclear in the article.
By Huw Slater on Tuesday, December 4, 2012

 

Opposition Builds Against UK APD

Stupid British
By John on Tuesday, December 4, 2012

 

Dubai Clarifies Rules On Free Zones

Im working in a freezone company in DIFC. They let us signed a contract of 54 hrs work weekly which is 9hrs but we are working 10hrs per day 6 days a week. They make it split shift as well which we starts at 12noon-4pm (4-6:30pm break time) 6:30pm-12:30am. Apart from that, they are giving us a job which is not part in our job description. Our hostess cleans the toilet everyday, serves to guest like a waitress as well, etc.. Many employees now are filing their resignation. Before, for those who will file their resignation must pay an amount of 2,500 aed which is said to be the amount that the company have paid for our visa application, some will pay more than 3,000 aed and some are almost 5k aed.. This is really ridiculous! Can anyone help us with this matter?
By Marvs on Friday, November 30, 2012

 

Main Street Retailers Push For US Online Sales Tax

We are seeing the tax but not the reason. Is the purpose to give government money or to provide government money for services? If the latter, not having a facility in the location means the benefit from government that is being paid for by taxes is not provided - no local police, fire, street light etc. are being provided Amazon.com. If the former, have all retailers collect a XX tax to be given to the national government - essentially a national sales tax, one more opportunity to give government money to spend as they deem proper.
By Douglas Hartsough on Wednesday, November 28, 2012

 

Main Street Retailers Push For US Online Sales Tax

What Brian Bieron mentions as a reason for this not to work is just flat out wrong. First, the law would only apply to sellers that are inter-state shipping more than $1 million a year. Next, most EVERY e-commerce solution now has the ability to apply and collect the appropriate sales taxes based on a shipping destination. All they have to do, is subscribe to one of the many sales tax databases that maintain the proper sales tax rates. If you are shipping over $1 million a year, this additional burden is a drop in the bucket.
By Ted on Tuesday, November 27, 2012

 

Rangel To Pay Back Taxes Owed

In a news conference to explain his position, the flamboyant .
By lina on Wednesday, November 21, 2012

 

California Approves Substantial Tax Hikes

How incredibly unfair. If a business located in another state does 20 of its business in California, then it has to pay income tax on that 20 both to its state of operation and to California. The worst part of this isn't the tax paid, its the overhead of having to complete income tax forms for an additional state. Not too difficult for large businesses, but really tough for small ones. If California seriously starts enforcing this on out of state businesses, expect to see "Sorry, we do not sell to CA residents" on order forms, web sites, and ebay sellers.What if every state did this? Each business that sells by mail nationally would have to fill out income tax forms for every state. This is ludicrous.
By BillH on Monday, November 19, 2012

 

UK Real Time Reporting 'Impossible', Accountants Say

This article highlights the issues that so many companies are going to experience when the Real Time kicks in. As an umbrella company, Contractor Umbrella is going to be forced to report on a daily basis, in line with our payroll making this a logistical nightmare.
By Lucy Smith on Monday, November 19, 2012

 

Tax Fraud Targetted In Netherlands Caribbean

Isn't organized crime active here? i recall an article a few years ago that the cartels had bought the entire police force in Curacao. is the Russian mob or the cartels active here? that my explain the tax fraud and/or money laundering in this region
By arthur copeland on Friday, November 16, 2012

 

Bill To Extend US Social Security To Puerto Rico

So Marcos... YOU received the benefit but screw the rest, because YOU were honest, but all the others will not? So, everyone is to trust YOU that YOU used the benefits accordingly but our elderly and poor that top any poor population in the United States are almost guaranteed to FOOL the system? Shame on you!
By Marangel Clemente on Tuesday, November 13, 2012

 

Turkey Set To Raise Taxes In Line With Inflation

It is interesting to note that the recent tax increases, along with higher energy prices, have affected inflation. For a long time the regime in Ankara has been telling us that the Turkish economy was on a high. The proposed tax increases will most certainly please the people of Turkey.
By Marcus on Tuesday, November 13, 2012

 

Congress Hints At Thaw Over Tax, But Obama Digs In

lows in the price of natural gas. A recent study by Navigant Consulting found that a PTC extension would allow the industry to continue grow to 100,000 jobs in just four years, while allowing it to expire would kill 37,000 jobs within a year.David Ward, American Wind Energy Association
By David Ward on Monday, November 12, 2012

 

Congress Hints At Thaw Over Tax, But Obama Digs In

industry’s position in the lame duck session and during tax reform discussions.As the article mentioned, the PTC provides an income tax credit of 2.2 cents per kilowatt-hour for the first 10 years of electricity production from utility-scale wind turbines.The PTC currently supports thousands of American jobs and has helped the wind industry grow dramatically during the past decade. The industry currently employs 75,000 Americans, with nearly 500 factories from coast-to-coast producing wind turbines and components.One of the key results of this growth is that the value of domestic content in new wind farms has increased from 25 percent in 2005 to more than two-thirds today.However, the industry’s growth remains fragile, due to the continued sluggish economy and temporary historic lo
By David Ward on Monday, November 12, 2012

 

Congress Hints At Thaw Over Tax, But Obama Digs In

Wind energy fared well in the Nov. 6th elections, as voters returned supporters of the wind energy Production Tax Credit (PTC) from both parties to Congress and allowed the current administration’s support for wind energy to continue uninterrupted.Several outspoken Republican wind champions were re-elected, including House of Representatives supporters Dave Reichert (R-WA), Steve King (R-IA) and Tom Latham (R-IA), and Senator Dean Heller (R-NV).In Maine, Independent Angus King fended off attacks on his role as wind project developer to win the open Senate seat.Swing states with numerous wind farms and wind factories went for President Obama, whose campaign took the position that the wind energy PTC should be extended.Given Obama’s strong support for the PTC, his win strengthens the
By David Ward on Monday, November 12, 2012

 

Caribbean Urged To Stand Ground Over Tax, Regulation

I will have to disagree with Mikael Barfod. The whole purpose of the attack on small Caribbean nations is to shore up the balance sheets of western European countries that have over promised and over spent. Western European countries need to make their own countries more competitive by lowering tax rates and slashing spending.
By David on Wednesday, November 7, 2012

 

Caribbean Urged To Stand Ground Over Tax, Regulation

I believe I made these points 12 years ago....now the die is cast, and Caribbean centres, have shown themselves more like jurisdictions that offer some financial services, rather than as financial centres.
By Professor Gilbert NMO Morris on Wednesday, November 7, 2012

 

Swiss Motion Seeks Sanctions For Tax Disc Theft

The German government has no respect for it's own laws. If I bought some stolen discs that would help me to beat the competition in my business, I would gop to jail.
By bowater on Tuesday, October 30, 2012

 

IBEC Warns Against Irish Labour Tax Hikes

IBEC are a social partner and pretend they don't have a part to play. They agreed to high pay rates and stringent labour laws
By Your name...Fergus Smith on Sunday, October 28, 2012

 

Panama Mulls Euro Adoption

Bunch of malarkey!
By Heriberto on Tuesday, October 23, 2012

 

Denmark Toughens Rules On Holding Companies

Möger Pedersen is not the Tax Minister anymore
By Ray Wright on Tuesday, October 23, 2012

 

Sri Lanka Urged To Broaden Tax Base

Nothing new! It is the same story for over 15 years, but nothing changes. Few are genuinely interested in change. Even they are sidelined. The power is among the elite who thrive on the status quo. Change! Well they will loose! So the recipe is not for change.
By Lal Siva on Friday, October 19, 2012

 

Antigua And Barbuda Demands Justice In US Trade Dispute

The USA has more to lose than to gain if countries do not comply with their multilateral trade commitments. Wake up USA in these economically tough times protectionist trade policies and non-compliance with commitments is not the way forward.
By Alan Pedley on Thursday, October 18, 2012

 

Malta Launches New Scheme To Lure Expat Pensioners

Hmm.. I would take Portugals 10 year tax holiday instead. I'd prefer to pay 0 EUR over a "minimum of 7500 EUR".Also, 15 tax on your pension ? that's supposed to be generous ?.. I'd take the 0 offered in most mediterranean countries over that.Malta.. what are you doing?
By z on Wednesday, October 17, 2012

 

Romney Achieves Revenue Neutrality With Deduction Cap

Your forecast of a 7.8 rise in GDP is highly questionable..not believeable.
By ge morris on Friday, October 12, 2012

 

CGT Freeze For UK Employee Ownership Schemes

A lukewarm response from all sides could mean this idea is dead before it reaches the statutes.http://www.cambridgetax.co.uk
By Taxteddy on Thursday, October 11, 2012

 

Netherlands Installs Temporary Government In Curacao

The correct date of the new constitutional relationship is OCTOBER 10, 2010
By Zengene on Wednesday, October 10, 2012

 

CGT Freeze For UK Employee Ownership Schemes

Whilst this increased focus on employee ownership is welcome, growing employee ownership should be part of the UK’s Industrial Policy and does not require a dilution of the rights and working conditions of employees – indeed employee ownership often enhances them.Ownership matters. Employee ownership, creating businesses whose employees have significant ownership and involvement, offers a brilliant mechanism to spread business ownership from the few to the many whilst increasing productivity and innovation.New research shows that job security, job satisfaction, and productivity are significantly higher in employee owned businesses compared to traditional companies surveyed by the national Workplace Employee Relations Survey. See more here; www.employeeownership.co.uk
By sam dowling on Wednesday, October 10, 2012

 

Dutch Customs Launch Excise Fraud App

Will customs loose money if cigarettes and cigars are ordered from online smoke shops such as www.lowcostcigarettesonline.com ?
By Randy on Wednesday, October 10, 2012

 

Obama, Romney Spar Over Taxes

I find this article a bit biased and leaning towards Obama. What I find obsurd about this stance is Romney is being attacked for trying to reduce taxes and yet your same website is posting articles about the worlds need to reduce corporate taxes in order to stimulate growth. I hope others can see past the ignorance of this article and see how it is biased in comparison to other articles posted on tax-news.com. I truly encourage tax-news.com to stay away from opinionated stances and focus on being a news source.
By Tom on Monday, October 8, 2012

 

France Publishes Revised 2012 'Black List'

The only problem with France is the French!
By kim on Wednesday, October 3, 2012

 

US Issues Directive to Fight Identity Tax Refund Fraud

This story is interesting to me because the Dept of Justice is basically saying they have no way of preventing tax return fraud, so they are going to respond more quickly and effective to cases that have ALREADY OCCURRED. Instead of being proactive and figuring out a way to prevent fraud, they're being reactive to the cases that already happened.Tax return fraud CAN BE prevented. A Financial ICONN from TASCET gives anyone filing a return complete control over their identity and ensures that no one else can use another's identity to file on their behalf. The DOJ and IRS would be wise to research this approach and the IRS would be wise to adopt TASCET technology to offer it to those filing taxes.www.tascet.com
By Kevin on Monday, October 1, 2012

 

UK Tax Avoidance Crackdown On Track

Is it right for HMRC to pay criminals for illegal information stolen from banks? Does this make HMRC any different from people who avoid tax by having accounts offshore?
By David Bellis on Friday, September 28, 2012

 

Berlusconi Would Replace Property Tax With Swiss Treaty

So why not both a property tax and a tax agreement with Switzerland?
By M Keynes on Friday, September 28, 2012

 

Austria, Kosovo Sign Customs Accord

I think this is great idea and Kosovo should have more agreement with others country.
By Agron London on Wednesday, September 26, 2012

 

Belgium Remains Attractive Tax Location For Entrepreneurs

In applying for Belgian citizenship, Bernard Arnault acted logically and predictably. With a high likelihood that the French tax system would be hitting him harder in the future, he just carried out smart legal self-protection. The French politicians who vilified Arnault and American politicians who slandered Saverin pandered to the emotion of the masses. However they are not acting in the long-term best interest of either of their countries. Some might join Samuel Johnson in saying that "Patriotism is the last refuge of a scoundrel". For those people who reactively say "good riddance" to Arnault and Saverin and other Golden Geese you may want to think about how you are going to replace the over 30 annual tax revenue they provide.
By DavidSLesperance on Wednesday, September 19, 2012

 

JRF Calls For Radical Rethink Of UK Property Taxes

Yes, but do you want to live in Liverpool?...
By Roger More on Tuesday, September 18, 2012

 

JRF Calls For Radical Rethink Of UK Property Taxes

Speaking from a personal point of view, I am diametrically opposed to everything suggested within this article. I live in the south. Average house prices are around £230k. Where do you get this £68k from? I have a 4 bedroom bungalow and pay over £2000 a year. This is somewhere in the region of 33 more than the 'average' 2 bed property. Do I use the waste disposal, fire brigade, police, etc more than the 2 bed owner? No, of course not. Nor did I have more than the average number of children to educate! So what extra am I actually paying for? The answer is NOTHING. I could probably get the same property in say Liverpool for 1/2 the price I have had to pay here. So in the South we get clobbered twice!
By Lyn Lovett on Monday, September 17, 2012

 

Austria, Germany Remain Committed To FTT

Why do governments always punish investors and incentivise indebtedness that lead to financial crises? To create financial famine. FTT taxes the public's investment infrastructure, indirectly and directly taxes middle class wealth, drastically reduces investment participation, increases dependence on government subsistence, gives power, wealth and advances corruption for those that create these financial famines. IMF's FTT Final Report For The G-20, June 2010, "Its real burden may fall largely on final consumers rather than, as often seems to be supposed, earnings in the financial sector."UK Parliament European Scrutiny Committee citing the EU Commission's FTT Impact Assessment, "a 3.43 fall in EU GDP equates to a fall in economic output worth €421 (£362) billion and a 0.34 fall in
By FTF on Thursday, September 13, 2012

 

Austria, Germany Remain Committed To FTT

The financial transactions tax (FTT) is not a tax on banks or the financial system. It’s a tax on pensions, retirement funds, and working men and women.-- Matti Leppala, Secretary General of the European Federation for Retirement Provision said: “A tax that tries to shoot at everything that moves will most likely not hit the intended target, but it will kill or wound many innocent bystanders… this new tax would disproportionately impact pension funds and other institutions which provide retirement income.”-- The Dutch Central Bank study showed that over 40 of the FTT cost would be borne by pensions and retirement savings. -- Lund University Professor Lars Oxelheim showed that even a very small FTT applied over 30 years would reduce pension payouts by over 5.-- Only 9 of 27 Europe
By TD on Thursday, September 13, 2012

 

East Africa, US To Pursue Trade And Investment Partnership

We would like to be involved with your facilities in Malawi. We are a trading company with exclusive distributorship agreement to supply organic fertilizer in Malawi.Let us know if this is possible.Regards,Watson Kalonga
By Watson Kalonga on Wednesday, September 12, 2012

 

Democrats Approve Presidential Election Platform

Then again, when half of the US is not paying income tax at the federal level, but has been taught that it's okay to get services without paying for them, eventually this must end, unfortunately, it doesn't seem to very gracefully...
By BO Stinks on Tuesday, September 11, 2012

 

Democrats Approve Presidential Election Platform

It is devilishly easy to spend other people's money, especially that of 'the rich', too bad that such a progressive tax system disincentivizes risk taking and even taking a second job in lower tax brackets as well- maybe the wealthy should go on strike and shut down all businesses just to see what would happen then....
By BO Stinks on Tuesday, September 11, 2012

 

France To 'Temporarily' Lower Fuel Tax

aint it a shame our thieving decieptful government wont do same
By Your name...paul gahagan on Sunday, September 9, 2012

 

Swedish Tax Authority Publishes Report On Interest Deductions

Somehow I am feeling this is due to the ongoing Euro crisis. I mean the government need money, the municipalities have their own agenda. So they are under more scrutiny!http://www.taxreturnonline.org
By Rahul on Sunday, September 9, 2012

 

Slovakian Lawmakers Back Fico's Austerity Programme

Raising taxes is never good, even if the increase may seem miniscule. It reduces business activity and fewer people who are potential taxpayers are hired. Finding waste in the budget and doing without certain things should be the priority. Encouraging growth through a business-friendly environment is how your bring more revenue in. More economic growth means more revenue.
By Supply Sider on Saturday, September 8, 2012

 

India, Monaco Sign TIEA

S S Palanimanickam is the Union Misister of State for Finance and P Chidambaram is the Union Finance Minister.
By Janata on Friday, September 7, 2012

 

Swiss Object To Romney Tax Jibe

Where there is significant smoke... there is likely fire !
By EVVJSK on Friday, September 7, 2012

 

UK MPs Back Aviation Tax Overhaul

I can't wait for my job to be taxed out of the UK! I can't WAIT for my chance to leave this high tax badly run country!
By Jon on Friday, September 7, 2012

 

Denmark U-Turns On Fat Tax

I have been following closely the introduction of this pioneering fiscal measure and wrote an article on the genesis, legitimacy, effectiveness and legality of 'fat taxes. I observe that no empirical evidence has been shared about the costs and benefits of this measure. For a critical analysis of the Danish's withdrawal, see http://www.albertoalemanno.eu/articles/the-future-of-fat-taxes-after-denmarks-withdrawal-of-its-fiscal-scheme2Best wishesAlberto Alemanno
By Alberto Alemanno on Thursday, September 6, 2012

 


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