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9 Nov 2017, 7:51 pm
So it's a disappointment, though not a surprise, to find this bad idea being perpetuated in the Senate Finance Committee chairman's mark.Basically, the chairman's mark provides a 17.4 percent (just over one-sixth) deduction for business income from partnerships, S corporations, and sole proprietorships, although generally not for service businesses (defined similarly to in the House bill).While the tax rate cut is smaller at the top than in the House bill, in some… [read post]
9 Nov 2017, 1:48 pm
IP Europe's corporate membership includes Ericsson, Nokia, InterDigital and Qualcomm. [read post]
9 Nov 2017, 12:15 pm
Hundreds Fired by Tesla The Tesla Corporation is generally considered the maker of high-end electric sports cars for the specialty market. [read post]
9 Nov 2017, 10:08 am
In general, rates are lowered. [read post]
8 Nov 2017, 5:14 am
Instead, those are just tax election designations made with the IRS and Division of Revenue after the corporation is formed. [read post]
7 Nov 2017, 7:14 am
As they continue to reinvest earnings, more income is generated and more saving becomes available. [read post]
6 Nov 2017, 12:06 pm
Section 956 Avoidance If a Controlled Foreign Corporation (CFC) makes a loan to its US parent, Section 956 generally requires an income inclusion equal to the amount of the loan. [read post]
6 Nov 2017, 7:58 am
On November 2nd, New York Attorney General Eric T. [read post]
Divorcing Husband Not Smiling Over Court’s Rejection of Ownership Interest in Wife’s Dental Practice
6 Nov 2017, 3:31 am
The wife’s total contribution, according to the husband, was limited to “infrequently performed garden-variety dental services” working “at most two days per week” and generating less than 5% of practice revenues. [read post]
3 Nov 2017, 2:48 pm
Corporate tax revenues would fall by $1.03 trillion. [read post]
3 Nov 2017, 10:09 am
However, lawmakers have made clear that they want to provide a tax cut for all businesses and perhaps particularly small businesses (though many pass-through businesses are actually quite large), and while economists generally agree that pass-through businesses are tax-advantaged compared to double-taxed C corporations, the House Ways and Means Tax Plan pairs corporate rate reductions with a lower maximum rate for pass-through businesses. [read post]
3 Nov 2017, 9:25 am
Arkansas also derives about 37.5 percent of all revenue (state and local combined) from the general sales tax, the eighth highest in the nation (or the fourth highest if we exclude states with no general income tax). [read post]
2 Nov 2017, 2:28 pm
According to the settlement documents (Links to the settlements: DOJ and SEC), from 2006 to 2007, Telia made approximately $331 million in corrupt payments to secure approvals from the Uzbek Agency for Communications and Information and business in the Uzbek telecommunications sector, generating more than $2.5 billion in revenues and approximately $457 million in profit. [read post]
2 Nov 2017, 11:25 am
In the U.S., small companies are generally organized as pass-through businesses. [read post]
2 Nov 2017, 10:17 am
So we can be reasonably confident that its $4448 billion 10-year revenue estimate is mainly about big non-corporate businesses and their very rich owners. [read post]
31 Oct 2017, 5:50 am
In general, countries that rank poorly on the ITCI levy relatively high marginal tax rates on corporate income. [read post]
30 Oct 2017, 10:49 am
Manafort and Gates generated tens of millions of dollars in income as a result of their Ukraine work. [read post]
30 Oct 2017, 9:18 am
The suit further alleged violations of California’s labor statutes (minimum wage, wage statement, and expense reimbursement laws), the Private Attorneys General Act (“PAGA”), and New York overtime and minimum wage laws, as to couriers who made deliveries in California and New York and personally bore necessary business-related expenses and costs without reimbursement from Postmates. [read post]
30 Oct 2017, 2:00 am
Michalak v General Medical Council & Ors, heard 4 Jul 2017. [read post]
27 Oct 2017, 5:00 am
The ability to minimize taxation of ownership interests in closely held corporations, limited liability companies and partnerships has been critical in helping to assure the preservation and continuity of those businesses by legally … Continue reading Internal Revenue Service and the Department of Treasury Withdraw Estate Valuation Regulations [read post]
