Tax
Business Concept
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W.Va. considers tax flexibility for localities...mean businesses and individuals should necessarily expect lower taxes in the near future. "Tax modernization does not always mean tax cuts," said Tax Commissioner Christopher Morris, chairman of a work group appointed by Gov. Joe Manchin to... In this article: Tax, West Virginia, Charleston, Revenue, Marshall University, Earl Ray Tomblin, Joe Manchin, and Senate Finance Committee |
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Reuters | 5 hours ago
Tax saving moves for the rest of 2009
...to free up suspended passive losses. The "Tax Planning & Practice Guide" (http://ria.thomsonreuters.com/EStore/detail.aspx?ID=YETP) describes the moves to make by year-end to achieve maximum overall tax savings for 2009 and later tax years.)
In this article: Thomson Reuters
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washingtonpost.com | 1 day ago
Wall Street tax must be international: Pelosi
WASHINGTON (Reuters) - Any tax imposed on financial transactions would have to take effect internationally to prevent Wall Street jobs and related business moving overseas, U.S. House Speaker Nancy Pelosi said on Thursday. "It would have...
In this article: Nancy Pelosi, Wall Street, Unemployment, Timothy Geithner, Troubled Asset Relief Program, House of Representatives, U.S., and Washington
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UPDATE 2-Wall Street tax must be international - Pelosi
Adds byline, additional detail, quotes, background) By Andy Sullivan Any tax imposed on financial transactions would have to take effect internationally to prevent Wall Street jobs and related business moving overseas, U.S. House...
In this article: Nancy Pelosi, Wall Street, Unemployment, Timothy Geithner, Troubled Asset Relief Program, and House of Representatives
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AP Online | 1 day ago
Fla. unemployment tax on businesses to skyrocket
TALLAHASSEE, Fla. (AP) - Unemployment compensation taxes paid by Florida businesses will skyrocket next year due to the state's high jobless rate that hit 11 percent in September, revenue officials said. The minimum tax will jump from...
In this article: Florida, Unemployment, David Daniel, Recession, Revenue, and Small business
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U.S. financial trade tax faces uphill battle
...also could be blocked by powerful New York Democrats like Charlie Rangel, chairman of the tax-writing House Ways and Means Committee, who worry that the tax could hurt the job market in the nation's financial capital. House Majority Leader...
In this article: United States, Derivative, Steny Hoyer, Unemployment, Timothy Geithner, U.S. House of Representatives, and Ed Perlmutter
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Financial trade tax faces uphill battle in U.S.
By Kim Dixon and Andy Sullivan - Analysis Proposed taxes on financial transactions face an uphill battle in the United States with powerful interests opposed and a lack of support among some key U.S. lawmakers. Proposals in the U.S....
In this article: Derivative, United States, Steny Hoyer, John Larson, Unemployment, Timothy Geithner, and U.S. House of Representatives
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Description from Wikipedia:
To tax (from the Latin taxare: to estimate, which in turn is from tangere: to touch) is to impose a financial charge or other levy upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state.
Taxes are also imposed by many subnational entities. Taxes consist of direct tax or indirect tax, and may be paid in money or as its labour equivalent (often but not always unpaid). A tax may be defined as a "pecuniary burden laid upon individuals or property to support the government […] a payment exacted by legislative authority." A tax "is not a voluntary payment or donation, but an enforced contribution, exacted pursuant to legislative authority" and is "any contribution imposed by government […] whether under the name of toll, tribute, tallage, gabel, impost, duty, custom, excise, subsidy, aid, supply, or other name."
In modern taxation systems, taxes are levied in money, but in-kind and corvée taxation are characteristic of traditional or pre-capitalist states and their functional equivalents. The method of taxation and the government expenditure of taxes raised is often highly debated in politics and economics. Tax collection is performed by a government agency such as Canada Revenue Agency, the Internal Revenue Service (IRS) in the United States, or Her Majesty's Revenue and Customs (HMRC) in the UK. When taxes are not fully paid, civil penalties (such as fines or forfeiture) or criminal penalties (such as incarceration) may be imposed on the non-paying entity or individual.
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