Tax
Business Concept
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Levin: Economy Too Poor for War Tax...Taxes to Pay for Afghan Fight On Face The Nation, Senator Carl Levin (D-Mich.) told CBS News' Harry Smith that the state of the U.S. economy will make it difficult to implement a "war tax" in Afghanistan. Sen. Carl Levin, D-Mich., on... In this article: Carl Levin, Tax, Afghan army, Afghanistan, Barack Obama, Face the Nation, Recession, Tora Bora, and Taliban |
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washingtonpost.com | 3 days ago
UK's Brown to push bank bailout plan at summit
...come up with a plan to make banks pay for any future rescues. One option Brown mentioned, a global financial transactions tax, was immediately shot down by the United States. Brown indicated he was not discouraged by the initially cool...
In this article: Gordon Brown, Commonwealth, Zimbabwe, Climate change, Robert Mugabe, Britain, Carbon, Morgan Tsvangirai, and U.N.
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Sydney Morning Herald - World | 7 days ago
US inches closer to health reform
...US governments to rethink taxation - both the levels and the tax base. Already there is talk that the US needs a goods and services tax like much of Europe and Australia. The Senate health care bill will cost $US848 billion ($927 billion)...
In this article: Medicare, Barack Obama, US, Mary Landrieu, White House, Europe, Australia, and Goods and services
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Reuters | 5 days ago
State tax push makes U.S. firms wary of adding jobs
State tax push makes U.S. firms wary of adding jobs Reuters top ten news stories delivered to your inbox each day. State tax push makes U.S. firms wary of adding jobs OVERLAND PARK, Kansas (Reuters) - Dave Huston's Kansas-based plastics...
In this article: Unemployment, U.S., Recession, Kansas, Oregon, U.S. Department of Labor, and NYSE
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Houston Chronicle | 1 day ago
UBS keeping a lower profile
...of dodging taxes. The groundbreaking case spurred the Swiss government to sign a new tax treaty with the United States that significantly lifts the veil of Swiss banking secrecy in cases of tax fraud and the like. And it prompted...
In this article: United States, Internal Revenue Service, Miami, Florida, Justice Department, and Champagne
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Blue Cross calls, mailers get NC lawmakers' notice
...health insurance plan. Blue Cross, with 3.7 million customers in North Carolina, is a unique not-for-profit private corporation that pays taxes but benefited from a tax-preferred status for decades until the 1980s. It's not clear when the...
In this article: Blue Cross, North Carolina, Roy Cooper, Kay Hagan, Pricey Harrison, and Revenue
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Centre Daily Times | November 17, 2009
Keithley Instruments Reports Fiscal 2009 Results
...2008. The Company recorded tax expense of $31.1 million during fiscal 2009, which included a non-cash charge of $30.0 million recorded in the first quarter of fiscal 2009 to reserve for the Company's U.S. deferred tax assets.
In this article: Keithley Instruments, Semiconductor, Fiscal year, Asia, Europe, and U.S.
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U.S. court bars promotion of stock sale tax scheme
U.S. court bars promotion of stock sale tax scheme WASHINGTON (Reuters) - A federal judge has barred the promotion of a scheme designed to help clients evade taxes on more than $1.25 billion in asset sales, the U.S. government said on...
In this article: United States, Injunction, and U.S. Treasury
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Telegraph.co.uk - Business | 3 days ago
Brown risks US wrath by pushing global financial tax
...Street claims that Mr Brown's plan is not a Tobin Tax - named after the Nobel prize-winning US economist James Tobin who proposed a tax to reduce the volatility of currency exchange rates by stopping speculative trading on foreign exchange.
In this article: Gordon Brown, US, Nobel Prize, James Tobin, Tim Geithner, Jim Flaherty, Canada, and Downing Street
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Guardian | 2 days ago
Brown takes campaign for Tobin tax to Commonwealth
...a repeat of last year's international banking crisis. Brown faced embarrassment earlier this month when he proposed a Tobin tax at a meeting of G20 finance ministers in St Andrews. Tim Geithner, the US treasury secretary, dismissed the...
In this article: Gordon Brown, Dominique Strauss-Kahn, International Monetary Fund, US, Tim Geithner, Downing Street, and Trinidad
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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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