The business-backed Texas Taxpayers & Research Association disputed the lawsuit's assertion that business properties are
undertaxed in an email to supporters.
The second false assumption is that commercial property is
undertaxed.
She said: "Labour has backed the recent changes on Stamp Duty, with George Osborne accepting the principle of our argument that very high value properties are
undertaxed.
England should copy it forthwith, he wrote, and add a J and K band as well to cover the hopelessly
undertaxed mansions of Mayfair etc.
As a result, on sale of the property the application of the ceiling rule results in A being
undertaxed and B being overtaxed, relative to book.
And when a home is
undertaxed, the price it can fetch on the real estate market is pushed even higher.
The rapid increase in the use of underpriced and
undertaxed toxic diesel in cars without corrective action on the quality of diesel and restraints on its overall use virtually amounts to state- sponsored homicide," the group said on Thursday.
Similarly, if Buffett is experiencing such pangs of guilt over being
undertaxed, the IRS is more than willing to accept any extra contributions he might wish to make.
He argues that Albert Pujols is worth every penny of his new deal and that, in addition, he is not
undertaxed one bit.
Thus, instead of being overtaxed relative to dual-earning couples with the same total money incomes, single-earning couples would now be
undertaxed.
The speed and reach of the reforms have won accolades from abroad, trumping skepticism that Martinelli--a conservative multimillionaire supermarket magnate--would make Panama's
undertaxed elite pay more.
Revenue officials found recently that they had
undertaxed 420,000 pensioners by as much as pounds 300 each, which they have just agreed to write off.