There likely would have been no state income tax effect either, if Mr. Olsheim had lived in New York.
Buyers delay closing while they fiddle around with the deal structure to optimize tax effect for their benefit, etc.
By law, REITs are required to pay out at least 90% of income as dividends, eliminating the double-tax effect on dividends.
The tax effect of SBC is calculated using the tax-deductible portion of SBC and applying the entity-specific, U.S. federal and blended state tax rates.
Now, with all the fees, not many a film pays off at 2-to-1, but the deal could still make sense if the investor used a lot of leverage to goose the tax effect.
He said he thought it defeated the aim of increasing tax revenue to fill the gap due when a zero rate of company tax takes effect.
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Meanwhile, in the South, watch for a zero-income-tax domino effect.
The tax rate on dividend income is predicted to jump to as high as 43.4% in 2013, as the Jobs and Growth Tax Relief Reconciliation Act of 2003 expires, returning the top rate to 39.6%, and the 3.8% ObamaCare tax takes effect.
The Northern Ireland quarry industry had been eligible to be exempt from UK tax on quarried material, due to the disproportionate effect the tax would have because of the land border with the Republic of Ireland.
SNP's plans to put 1p on the basic income-tax rate paid by Scots, in effect annulling the tax cut promised by Mr Brown for next year.
While state law may or may not allow for different classes of interests in eligible entities for federal tax purposes, such interests have no effect for federal tax purposes because a wholly owned eligible entity is a disregarded entity unless it elects otherwise.
At 143% (based on tax rates in effect this year) Germany's Misery Index isn't Europe's highest.
Actually, more economists believe that the employer's share of the tax is in effect paid by workers and consumers.
In other nations, by contrast, the top tax rates take effect much faster, in some cases when taxpayers have just average incomes.
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Instead, many employers will be using the 2012 tables come January but will omit the two-percentage-point Social Security tax cut in effect this year.
And economists will tell you that the payroll tax cut has that effect for individuals, that the employer-side payroll tax cut for small businesses has that.
If all those tax hikes take effect, as scheduled, the rich will be paying more anyway, reducing the potential haul from a new 30% minimum tax.
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Last week, the Conservatives called for people who take more than their fair share of flights to pay more tax - in effect, proposing a "polluter pays" approach.
The deficit savings outlined in the health care bill obviously depend on a series of future actions such as the Cadillac tax going into effect or doctor payments remaining unchanged, for example.
Once Germany's tax reforms come into effect, the bank will be able to sell these free of capital-gains tax.
If, as is common, one partner left all assets to the other, then this tax-free transfer in effect cost the couple one of their two estate-tax exemptions.
The tax preparer registration requirement won't be in effect during the 2010 tax filing season, when 2009 1040s are prepared, but should be in place for 2011.
The current tax regime has the perverse effect of encouraging motorists to make additional journeys, by reducing the tax burden of people who use their cars a lot.
That depends on your assumptions about when you die and what tax law is in effect.
They would ensure that millions of people in effect paid tax only on their consumption.
Similarly, California is letting its temporary sales tax hike which took effect in 2009 expire July 1.
Most troubling is the long-term effect that tax credits and deductions appear to have on college tuition.
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In any event, the evidence is that consumption smoothing does not neutralise the stimulus effect of tax cuts.
These adjustments prevent inflation-induced increases in tax rates, an effect called bracket creep.
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