During a preliminary inquiry, the subcommittee consulted with an expert in the law of tax-exempt organizations, and members of the subcommittee did their own research and read voluminous materials involved in this area.
Cole said the investigative subcommittee found that Gingrich was well aware of previous case law on use of tax-deductible contributions to finance such partisan activity.
The near 100-year history of the tax code teaches this inviolable law of politics: The higher the tax rate, the more tax carve-outs there will be for yacht owners.
The reason: When the effects of the tax law are added to the effects of ObamaCare, a moderate income family will face a 41 percent marginal tax rate.
FORBES: The Cruel Things President Obama Is Doing To The Labor Market
The Islamic finance industry faces a number of challenges, including the need to standardize interpretation of Shariah law, harmonize tax and regulation of the industry, and develop the skills base.
In a more technical vein, I came across this summary of tax law wrinkles for business owners from Carolyn Linkov, a principal in the New York City tax office of ParenteBeard.
And one red line is he will not sign into law an extension of tax cuts for the top 2 percent.
People may argue that the complexity of the tax law is simply a product of technology and the politics of vested interests.
The Pro has his office in Jersey City and I bet he hurls the occasional imprecation about it when he is not busy railing about the idiots in Congress who make a mucking fess out of the tax law, reality TV and the GD extensions that prevent him from spending all his time outside of tax season blogging and going to musicals.
Since there has been a lot of talk about the fiscal cliff, the US corporate tax rate of 35% and tax law changes I thought it would interesting to see what rates large tech companies pay.
This fundamental feature of the corporate tax law is what drives much of the discussion for how businesses are sold.
The new estate tax law can be thought of as a cliff tax.
FORBES: Want to Avoid the Estate Tax Cliff? Five Ways to Help
Under current tax law, this tax deferral is of very limited value.
"These novel and unilateral theories of tax jurisdiction are both unprecedented and inconsistent with existing norms of international tax law and long-standing treaty commitments, " the groups argue in a letter to Algirdas Semeta, the EU tax commissioner.
This article is by Dorothy Brown, a professor of tax law at Emory University Law School.
The underlying dispute will likely come down to an interpretation of tax law.
Because of labor law and tax law, employment in the fast food industry has already been pared to the bone.
FORBES: The Cruel Things President Obama Is Doing To The Labor Market
This area of tax law requires substantiation and can be tricky.
David Frost, director general of the British Chambers of Commerce, said it was "a necessary and long overdue response to the relentless chop and change of tax law".
Americans spend more than 7 billion hours each year in a hopeless effort to figure out how to deal with more than 7 million words of tax law and regulation.
FORBES: Do The Lawyers Who Write The Tax Code Benefit From Making It Complex?
But some 20 million taxpayers will have to wait to file until late February or into March because of tax law changes Congress made in the American Taxpayer Relief Act to seal the fiscal cliff deal.
FORBES: Where's My Refund? 2013 Tax Filing Season Will Open Late
All of the above Obama tax rate increases going into effect in 2013 under current law are on top of virtually the highest corporate tax rate in the industrialized world, at nearly 40% counting state income taxes, which leaves American companies uncompetitive in the global economy.
FORBES: Obama's Budget: The Decline and Fall of the American Economy
But the IRS has done a superb job of disseminating information, giving previously unheard of access to its forms, the tax law and its interpretations of it.
He said that the hike was a result of a change in the tax law in Taiwan affecting the repatriation of earnings.
Tax avoidance is the legal use of the tax framework to reduce the amount of tax payable whereas tax evasion is against the law.
Since going public, the California-based technology giant has taken advantage of technicalities in Irish and U.S. tax law to escape billions of dollars in taxes, Senate aides said.
WSJ: Apple Pays No Tax on Much of Its Overseas Income, Senate Panel Finds
But Bachus' bill and the others face strong opposition from members of Congress who oppose any tax law changes that might jeopardize the growth of e-commerce, said Frieden, who believes that none of the bills debated at the hearing are likely to pass this year.
The court found that the tax treatment on stock options, private retirement benefits and bearer bonds were all violations of the law under the French tax system.
Under the U.S. Constitution, Federal law, including Federal tax law, is the supreme law of the land.
There are two pieces of general tax law that need to be understood here.
应用推荐