The right not only detests the result but fears an unprecedented new Federal power to regulate private conduct through the tax code.
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Both provisions show the folly of trying to conduct social policy through the tax code.
Recipients of the tax credit would be required to conduct 100 hours of community service.
Some tax-exempt organisations are allowed to conduct political activities, but it cannot be their primary mission.
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The new body will initially conduct two reviews - the first looking at all 400 tax reliefs, allowances and exemptions in the system to see how they can be streamlined, and the second finding ways to simplify the tax system for small businesses, including finding a simpler alternative to the controversial IR35 code.
Yet proponents suggest that means the tax is doing its job of discouraging the targeted conduct.
I'm also directing the IRS to conduct a review of the overall accuracy of companies' claims about tax delinquencies.
The code of conduct requires tenants to pay rent on time, register for council tax, gas, electricity and water in their own names and not to cause excessive noise or anti-social behaviour.
The telegraph and the telephone, followed by the airplane and radio, empowered corporations to vault national boundaries, conduct their business globally--and shift their wealth to the least onerous tax system.
Such conduct caused municipal issuers to file inaccurate reports with the Internal Revenue Service and placed the tax-exempt status of the underlying bonds in jeopardy.
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In practice, agreement on a voluntary code of conduct, which would probably need unanimous approval, may prove no easier to reach than agreement on the energy-tax directive.
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