The UK tax system
is costing small businesses in the region up to PS2 billion in hidden costs a year, according to new research from AAT (The Association of Accounting Technicians).
unemployment rate come down, we must guard against any diversion of corporate tax revenues from lowering the rate and eliminating the unfair worldwide tax system
," he said.
In 2002, at the President's direction, the Treasury Department reviewed our current tax system
, discussed its many shortcomings and developed several options designed, in Treasury's words, "to provide a tax system
that is simpler, more efficient, and fair.
However, in Allen, 118 TC 1 (2002), the Tax Court addressed this very argument--namely, whether Congress intended the AMT to be a "separate but parallel" tax system
, thereby inviting a de novo calculation of the regular tax liability as a precursor to determining AMTI.
Primary among the new legislation are the changes to the transfer tax system
, which will ease administration of the laws that govern estates, gifts and generation-skipping transfers (GST).
4 million in back taxes from the city of Los Angeles and joining a growing list of corporations attacking the city's business tax system
In fact, Republicans want to turn the entire tax system
into an extension of the payroll tax.
First, what we are talking about here is a complete replacement of the existing federal tax system
Dick Armey, R-TX, majority leader in the House of Representatives, has introduced a flat tax proposal that taps into a deep vein of longstanding popular dissatisfaction with the current income tax system
Pointing out that the burden of New York City real estate taxes is not equitably distributed, the Real Estate Board of New York (REBNY) has called for "a two-class property tax system
with all properties assessed at 100 percent of market value and no caps on assessments.
Senator Charles Grassley (R-IA) and Max Baucus (D-MT) led today's hearing on deficiencies and options for reforming the country's business tax system
Part of the reason for this is society's increasing reliance on the Internal Revenue Code, not merely to raise revenue from individuals and entities to fund governmental operations, foster economic growth, and enable prosperity, but also to advance social and economic policies that, while perhaps laudable, impose heavy costs on the tax system
and its participants.