Tax
Business Concept
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More tax powers for Holyrood under devolution shake-up...which were high risk, self cert loans and mortgages etc Giving limited tax powers is a joke as you cannot manage an economy without having the full range of taxes available. monetary policy - we would either shadow the pound as Ireland... In this article: Tax, Jim Murphy, Labour, Scotland, and United Kingdom |
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washingtonpost.com | 2 days ago
U.S. court bars promotion of stock sale tax scheme
...customers avoid tax on sales of stock and other securities. The tax dodge developed by Cathcart, an economist, purported to let clients get loans in exchange for their securities. The loans were allegedly made through sham companies in low...
In this article: United States, Injunction, and U.S. Treasury
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BBC News | November 05, 2009
President cuts her personal cloth
...which has collapsed because of the credit crunch. The country faces a massive budget deficit and the prospect of both public sector cuts and tax rises in order to balance its books. On Wednesday, the Organisation for Economic...
In this article: Mary McAleese, Organisation for Economic Cooperation and Development, Ireland, Goods and services, Credit crunch, and Aras an Uachtarain
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scotsman.com - Economics | November 14, 2009
Jobs fear as salary sacrifice faces axe
...month's pre-budget report. Experts fear Chancellor Alistair Darling will follow Ireland's lead on 9 December and introduce legislation in January to block tax-efficient salary sacrifice schemes to raise revenue. Lee Muter, a director in...
In this article: Revenue, Recession, Ernst & Young, Gordon Brown, Scotland, and Ireland
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MarketWatch | 1 day ago
Earnings Watch: Updates, advisories and surprises
...ended Sept. 27 rose 47% to 46.8 million pounds ($77.6 million), helped by volume gains for its core brands in the U.K. as well as lower taxes and one-off charges. Total revenue for the fiscal year rose 5.6% to 978.8 million pounds as U.K. and...
In this article: Revenue, Britvic, U.K., Wimm-Bill-Dann Foods, Tel Aviv, London, Frozen dessert, Juice, Fiscal year, and Net profit
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Independent.ie | 2 days ago
Fall in pensions if tax relief is cut, Government warned
...may not be feasible where members will have had an effective increase in their contributions already as a result of a reduction in their tax relief," commented Mr Moriarty. He said that pension funds in Ireland are in crisis following the...
In this article: Irish Life and Ireland
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Centre Daily Times | 2 days ago
KYOCERA Founder Kazuo Inamori Receives Entrepreneur for the World Award
...(Expert category). The World Entrepreneurship Forum was established by EMLYON Business School, the leading European business school in entrepreneurship, and KPMG, the leading tax, audit and advisory services company. The Forum is founded...
In this article: Kazuo Inamori, Kyocera Corporation, Lyon, France, Kyoto, Semiconductor, and Kyoto Prize
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Independent.ie | 4 days ago
Multinationals lobbying for bigger executive tax breaks
...- to lead investment and job creation. " The American Chamber of Commerce said it would support moves by "the minister ensuring that expatriate taxes remain competitive with other jurisdictions". Accountancy bodies have described tax...
In this article: EU, Ireland, KPMG, and Hewlett Packard
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Independent.co.uk - Gadgets & Tech | October 29, 2009
Games designers urge tax reforms to avoid 'brain-drain'
...is looking at the strength of the Scottish videogames industry and the challenges it faces. Ireland is considering a five-year tax holiday. According to Dr Wilson, the combined turnover of the Scottish games industry is GBP20 million...
In this article: Scotland, UK, Ireland, Realtime Worlds, Dundee, and Revenue
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Independent.ie | 1 day ago
State gaining four times less than UK from property taxes
...were in the three most damaged economies of Ireland, Spain and Iceland. Tax ratios in Iceland fell to 36pc of GDP from 40.9pc in 2007; and to 33pc from 37.2pc in Spain. Tax receipts often fall faster than GDP in a recession and many OECD...
In this article: Revenue, UK, Recession, Ireland, EU, Iceland, and Spain
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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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