Tax Latest Information

Tax Latest Information

How to Invest for a (Mostly) Tax-Free Retirement
"Tax-free retirement" has a nice ring to it. No wonder financial advisors say that current clients and prospects have taxes on their minds, or that titles containing "tax free" are ...

Tax Fraud Allegations Against Princess Said To Be Case Of Mistaken Identity
Spain is making tax news again but not for the right reasons: the Spanish tax authorities now say they made a huge mistake in a high profile tax case. Authorities now claim they have found errors in reports that initially indicated that Princess Cristina, the youngest daughter of King Juan Carlos and Queen Sofia of Spain, failed to report gains on the sales of property she owned. The biggest ...

G-8 Nations Take On Tax Evasion, Tax Havens And More
The G-8 nations agree: tax evasion is bad and hurts everyone. More inter-nation cooperation is needed. But exactly what is legitimate and what isn’t aren’t so clear.

Warehousing companies fight expanded Minn. tax
Some Minnesota businesses that would be subject to a new sales tax expansion are loudly complaining that it would put them at a competitive disadvantage, and they're trying to get parts of it repealed. ...

Alabama's new tax credits limited to transfers
Alabama's Department of Revenue determined the state's new private school tax credits don't apply to students who are already in private schools, even if they live in zones where failing public schools ...

Investing to Retire (Mostly) Tax-Free
"Tax-free retirement" has a nice ring, but creating a tax-free income stream is difficult—and maybe self-defeating.

Businesses Beware: Hidden Sales Tax Implications for Companies Operating Online
There are new, hidden sales tax implications for businesses operating on the Internet. Many states are now classifying data that's being sold through the "cloud" as personal property and are ...

Transparent tax system must be a priority - ACCA
An open, transparent and user-friendly tax system will benefit taxpayers - individuals as well as businesses - who currently face a mountain of tax rules which obscures who pays what taxes, says ACCA (the Association of Chartered Certified Accountants) following the G8 conference discussions on tax avoidance this week. ACCA says that the complexity of some tax regimes blurs the line over what ...

G8 pledges action on tax evasion, few concrete measures
By William Schomberg and Jeff Mason ENNISKILLEN, Northern Ireland (Reuters) - The world's rich economies said they would take a tougher stance on fighting money laundering and tax evasion but promised little in the way of specific new action at the end of a two-day summit on Tuesday. The Group of Eight leaders signed up for a string of aims including improved transparency about who owns shell ...

Internet Sales Tax Bill Finds Few Friends in the House
Senate-backed online sales tax bill finds itself on shakier ground in the House.

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