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retirement News




IRS Reminds Taxpayers Of Savers' Credit

by Mike Godfrey, Tax-News.com, Washington

Last updated 43 hours ago | Tuesday, November 21, 2017

The Internal Revenue Service has issued a reminder to low- and moderate-income workers that they can obtain a 50 percent credit for the first USD2,000 contributed to a retirement plan, called the Saver's Credit. Read Full Story

 


Senate Tax Proposal Seen As Better For Older US Taxpayers

by Mike Godfrey, Tax-News.com, Washington

Monday, November 20, 2017

The American Association of Retired Persons has praised the tax bill proposed by the US Senate Committee on Finance, saying it will be better for older Americans than the House version. Read Full Story

 


ATO Amends Reporting Rules For SMSFs

by Mary Swire, Tax-News.com, Hong Kong

Thursday, November 9, 2017

The Australian Taxation Office has released further details of its plans to introduce event-based reporting for self-managed superannuation funds. Read Full Story

 


UK Taxpayer Group Welcomes National Insurance Decision

by Jason Gorringe, Tax-News.com, London

Monday, November 6, 2017

The announcement from the UK Government that it will delay repealing Class 2 national insurance contributions (social security tax) has been welcomed by the Low Incomes Tax Reform Group. Read Full Story

 


US Firms Hail Proposed US Tax Reform Law

by Glen Shapiro, Tax-News.com, New York

Friday, November 3, 2017

The National Association of Manufacturers has said the tax reform legislation newly released by the US Administration will be a "grand slam" for manufacturers and the economy. Read Full Story

 


Republicans Reveal US Tax Reform Law

by Mike Godfrey, Tax-News.com, Washington

Friday, November 3, 2017

On November 2 the US Government released the Tax Cuts and Jobs Act, setting out in legislation its plans for comprehensive reform of the US tax code. Read Full Story

 


Democrats Announce Tax Reform Demands

by Mike Godfrey, Tax-News.com, Washington

Thursday, October 26, 2017

Democrats want a tax code that supports middle-class families, small businesses, and innovators, closes the skills gap, and expands infrastructure investment, according to Senator Richard Neal (D-MA). Read Full Story

 


Canada Legislates For Tax, Benefit Reforms

by Mike Godfrey, Tax-News.com, Washington

Wednesday, October 25, 2017

The Canadian Government is pressing ahead with plans to cut the small business tax rate. Read Full Story

 


Canadian Tweaks Reforms To Taxation Of Passive Investment

by Mike Godfrey, Tax-News.com, Washington

Thursday, October 19, 2017

The Canadian Government has said that it will press forward with measures to limit the tax deferral opportunities related to passive investments, but will seek to ensure that business owners remain able to build a "cushion of savings." Read Full Story

 


US Republican Party Agrees New Tax Reform Blueprint

by Mike Godfrey, Tax-News.com, Washington

Thursday, September 28, 2017

Republicans have announced a new plan for reforming the US tax code, including a reduction to the corporate tax rate to 20 percent, the adoption of a territorial tax system, and a one-time tax on multinationals' unrepatriated earnings. Read Full Story

 

 

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