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Need an Offshore Sales Office in a Tax Free Environment?

The 100 year old investment-banking firm of Warburg, Dillon Read (on Park Ave. N.Y.) (now UBS Warburg) has offices in 39 foreign countries - including the Bahamas, the tiny Cayman Islands, Hong Kong and the Channel Islands. Makes you wonder why, doesn't it? Non-resident foreign companies,... Read More

Small Businesses Filing Amended Federal Tax Returns to Recover Money

Small Businesses Filing Amended Federal Tax Returns to Recover Money By Darren Oliver April 15th may be gone but, but certainly not forgotten ? especially if you, like millions of small businesses, unknowingly overpaid your federal taxes and can recover money... Read More

How Home-Based Businesses Can Avoid Giving Uncle Sam More than His Share

How Home-Based Businesses Can Avoid Giving Uncle Sam More than His Share By Darren Oliver With the rush to file your taxes by April 15th, you probably did not consider the possibility that you overpaid.... Read More

Alas! In E-Commerce Taxland

In trying to comply with tax laws for your e-business, you may find yourself falling down the rabbit-hole, going through the looking glass, and attending a Mad Tea-Party.Common sense, logic, and fairness never did apply fully to the field of taxation but this is especially true of e-commerce transactions.1. Canada... Read More

Rearrange Your Affairs For Maximum Tax Savings

One way to maximize your business profits is by reducing your taxes. Frequently, income and other taxes could be lowered significantly if only the taxpayer were willing to plan ahead. By taking some simple steps to rearrange your affairs, you could save a fortune!1. Are You Splitting Your Business Income?You... Read More

Organizing Your Taxes

Does this scene sound familiar? It's April 7. You haven't seen the top of your dining room table in two weeks because of the piles of paid bills, receipts, canceled checks, and unidentified cash register receipts covering it. Your head pounds and your stomach churns as the countdown to April... Read More

Seven Key Tax Deductions for the Self Employed

As a sole proprietor, it's wise to familiarize yourself with the some key deductions that may reduce your tax bill for 2004.Small-business consultants generally recommend that you hire an accountant to prepare your tax returns, payroll and financial statements. But you should also meet with your accountant well before the... Read More

How To Set Up A Tax-Saving Bookkeeping System

One of the most important, but least understood or appreciated aspects of any business is its bookkeeping or accounting system. And, because very few people know much about the reasons for a bookkeeping system, most people are frightened by the thought of the work involved in setting up such a... Read More

Knock-Knock-Knock

Knock-Knock-KnockWho's there?The IRS!The next quarterly payment of estimated income tax for the self-employed is not far off. Network marketers who receive a form 1099 at the end of the year, and/or who are expected to owe $1,000 or more in taxes, must file a form 1040-ES Payment Voucher quarterly to... Read More

How to Reduce the Estate Tax Using the A-B Revocable Living Trust

In a past article I relayed the plight of the widow who stated:"I didn't realize what an A-B Revocable Living Trust meant and that it had to be divided between the survivor and the deceased spouse and that I am limited as to what I can use from his share."She... Read More

In The News:

Confused about tax return changes? Here's how to find your new bracket CNBCWe're not all accountants. We don't all hire one each year at tax time, either. But with the IRS updating tax brackets for 2019, along with other changes that are ...

China's Rich Rush to Shelter $1 Trillion From New Taxes BloombergWealthy Chinese are rushing to shelter assets and income in overseas trusts before new tax rules go into effect next month, including provisions that target ...

Income Tax Return (ITR) filing: This State Bank of India scheme helps you save on taxes; gives 7.35 pct int... Zee BusinessIncome Tax Return (ITR) filing: The State Bank of India also offers an investment tool that allows you to claim an exemption in tax. The investment attracts an ...

Airtel Niger faces shutdown over non-payment of taxes Business TodayThe General Tax Directorate of Niger ordered the closure of the offices of Airtel Niger, seeking tax amounts that have been disputed by Airtel.

EDMC proposes two new taxes, education cess in 2019-20 budget Times of IndiaNew Delhi, Dec 10 () Cash-strapped East Delhi Municipal Corporation (EDMC) on Monday proposed two new taxes and an education cess in its budget for ...

Tax on your gold and real estate investments LivemintHere is a look at the taxes that apply to short-term and long-term gains from these two asset classes.

This falling market offers an opportunity to cut your taxes in retirement CNBCRecent market declines don't have to be all bad news for investors: They may provide you an opportunity to cut your taxes in retirement. The Dow Jones ...

Climate change: Protecting the poor from green taxes BBC NewsAs President Macron caved into the yellow vest fuel tax protests, President Trump was triumphant. The French humiliation showed people rejected the sort of ...

EDMC proposes 2 new taxes and an education cess in its 2019-20 budget Business TodayEDMC Commissioner Puneet Kumar Goel made the announcement of new taxes while presenting the budget at the civic agency's Patparganj headquarters.

Govt says no scope for corporate tax cut in near future LivemintEuropean Union and the US cutting corporate tax rates not sufficient to sway India, says CBDT.

Withdrawals Under National Pension Scheme To Be Tax-Free BloombergQuintWithdrawals made by subscribers of the National Pension Scheme at the time of retirement will be made tax free.

Rs 262 crore cyber-tax fraud unearthed in Delhi Times of IndiaNEW DELHI: The Delhi government's Trade and Taxes Department has unearthed a cyber-tax fraud totalling Rs 262 crore, happening since 2013 with over 8,.

Do these 5 things by Dec. 31 to cut your tax bill KPLCNew laws are coming. Do these five things to get your financial house in order.

Opinion: California PUC may approve tax on text messages – srsly The Mercury NewsIt's not quite a lump of coal, but California regulators may dampen holiday spirits early this year by approving a controversial tax on text messaging.

Philly home values are rising. Will taxes keep rising with them? Philly.comOther cities and states cap annual property tax increases. As Philly market values rise, are caps possible here?

Scotland freezes threshold for higher-rate income tax The GuardianScottish finance secretary to freeze threshold for higher-rate income tax at £43431 to help finance cuts for least well-off.

Beware! These tax-saving investment mistakes can sink your finances The Financial ExpressIt's said, if you fail to plan, it means you plan to fail. So, it's better to plan before you make your tax-saving investments, so that you may reach your financial goal ...

6 last-minute tips that will trim your 2018 tax bill CNBCBefore you break out the Champagne, take a look at these six strategies that could help you trim your 2018 tax bill — as long as you act before Dec. 31.

India's tryst with taxes Forbes IndiaWhile the rich pay a bulk of the income tax paid by individuals in India, many wealthy people do not pay their share of taxes.

Investing solely to avoid taxes is a bad, wasteful strategy: View Economic TimesWhile many opt for creative accounting of expenses and tax deductibles, these practices also needlessly complicate matters for inheritors.

Income Tax Return (ITR) filing: No need to generate slip! From bank ATM to Aadhaar, 5 steps to tax redempti... Zee BusinessIncome tax return (ITR) filing: Taxes form a major part of the outgo for any salaried employee. However, not everyone has to pay taxes and file for Income Tax ...

Kentucky physician sentenced after failing to pay taxes for 4 years WKYTDr. Werner Grentz, 69, was sentenced to federal prison Wednesday after authorities say he falsely reported his yearly income as $0 between the tax years ...

No tax on up to Rs 50,000 interest for senior citizens Times of IndiaIndia Business News: In a notification issued on December 6, it has clarified that no TDS has to be deducted under section 194-A of the Income Tax (I-T) Act in ...

Here's when you can expect your employer to send the form you need to file your taxes for 2018 Business InsiderWhen can you expect to file your 2018 taxes? Your employer should send your W-2 by the end of January — but the 2019 filing season might be delayed.

Editorial: N.C. has greater needs than more corporate tax cuts WRAL.comWednesday, Dec. 12, 2018 -- Given North Carolina's needs, not to mention the additional costs tied to hurricane and snowstorm recovery, the General Assembly ...

Rising gambling tax revenues fill US Bank Stadium's reserves KSTPTax revenues from charitable gambling are generating so much revenue for paying off the debt for U.S. Bank Stadium that Minnesota officials say corporate ...

7 year-end tax tips to boost your refund CNBCEven under the new law, there are still moves you can make before 2018 ends to lower your tax bill.

French lesson for Modi: Don't raise fuel tax Economic TimesRIOTERS IN PARIS Last weekend, demonstrators turned Paris's wealthiest neighbourhoods into a battle zone to make themselves heard. Until Saturday ...

Divorcees can save on taxes — if they take this one step CNBCIf you're planning on shedding weight in 2019 — in the form of your soon-to-be ex — be sure you understand this tax-planning benefit. Why the "head of ...

Don’t expect a big tax break Newfoundland and Labrador The TelegramThe province of Newfoundland and Labrador isn't in a position to reduce taxes by much right now, suggests the findings of the Independent Tax Review ...

Big crackdown on GST evaders! Tax evasion worth whopping Rs 12,000 crore detected in April-November The Financial ExpressThe government has detected GST evasion worth Rs 12000 crore in 8 months till November, a senior tax official said Wednesday.

How to save tax on capital gains arising from selling a house Economic TimesMy 71-year-old father had purchased a house in 1972 for Rs 1,000. Now he is planning to sell it for Rs 28 lakh. What will be his capital gains tax liability?

Good jump! Corporate tax collection up 18 per cent in April-November, fastest in five years The Financial ExpressCorporate tax collection grew an impressive 18.3% in April-November of FY19, the fastest pace in at least the last five years.

The Golden Age of Rich People Not Paying Their Taxes The AtlanticAn eight-year campaign to slash the IRS's budget has left the agency understaffed, hamstrung, and operating with archaic equipment. The result: a ...

Death, taxes and this recession predictor? Not quite. | TheHill The HillBenjamin Franklin famously said, “The only things certain in life are death and taxes.” Some market pundits seem to believe the other thing that's certain in life is ...

Central govt staff can now save tax via NPS with only 3-year lock-in Economic TimesSubstantially reducing the lock in for availing section 80C tax benefit on NPS investment the government has brought it on par with one of the most popular tax ...

Direct tax collections rise 15.7% YoY for April-November period Economic TimesThe direct tax collections are up 15.7% for the April-November period from corresponding period a year ago, data released by the government on Monday ...

National Pension system: Now get tax-free maturity withdrawals; check details here The Financial ExpressThe government has made the whole 60% of the NPS accumulated corpus tax free, bringing it at par with PPF and EPF, besides raising its contribution to 14% of ...

Taxpayers Alert! Have you filed your income tax? Remember these deadline nears; know from TDS, TCS to chall... Zee BusinessAlthough one would not like to share their income and income from other sources with authorities, however, it comes as a helping hand for government in ...

Going Through Divorce? Start These 3 Steps Today To Save On Taxes ForbesThe Tax Cut and Jobs Act eliminated the alimony deduction for divorces after 2018. The new law will mean less money for expenses of the two household.

Pay Your Taxes In Bitcoin, Trigger Tax Losses On Price Drop Too ForbesWith Bitcoin and other crypto prices down again, many holders don't want to sell. But if you owe taxes, how about paying them in Bitcoin? Selling now may ...

No, The Deficit Isn't 'Soaring,' But Tax Revenues Are At Record Highs Investor's Business DailyIn the first two months of the new fiscal year, tax revenues are up. But so is the deficit. Why? Because spending continues to outpace revenues. So why do tax ...

Tax treatment of NPS set to change LivemintCompulsory annuity and tax treatment made NPS a less preferred option by the financial advisors.

Mazzotti's Smoke 'n Mirrors – a matter of taxes, frau... Daily MaverickSelf-confessed cigarette smuggler and EFF benefactor Adriano Mazzotti has admitted to also donating “hundreds of thousands of rand” to the ANC.

Agent's Take: Here are the NFL's real highest-paid players after taxes and salary deferrals are considered CBS SportsWe did the math, and these 15 players are the real top earners in 2018.

How senior citizens can avail tax break on interest income under Sec 80TTB Economic TimesBudget 2018 introduced a new section, 80TTB, under the Income Tax Act which allows senior citizens to claim tax break on specified interest income up to Rs ...

The Tax Cuts And Jobs Act: 3 Changes You Should Know ForbesTax season is coming more quickly than you might think — has the Tax Cuts and Jobs Act affected you? Read here to discover more!

Tax refund fraud falls as IRS, states and tax preparation companies crack down USA TODAYIt's harder for a criminal to commit tax refund fraud. The number of reported tax identity theft victims through October is down, the IRS says.

Tax Breaks and Deductions You Won't Believe Are Real Kiplinger's Personal FinanceOkay, admit it: As you've struggled with your tax return, trying to come up with some extra deductions to pump up your refund or reduce what you owe, you've ...

Income Tax Raids Old Delhi's Private Vaults, Seizes Rs 5.5 Crore Cash NDTV NewsThe department's surveillance has been high in Chandni Chowk after cash worth Rs 35 crore was seized in currency notes of Rs 2000 from a private vault last ...

Income Tax panel won’t cut rates; but don’t lose heart, here’s what it will do for taxpayers The Financial ExpressThe task force was set up by the finance ministry in November last. Arbind Modi was made the convenor of the panel and he retired on September 30.

It’s time to reassess your taxable salary: Here are some important changes in income tax rules this year The Financial ExpressEmployers start asking for the proof of tax-saving investments and expenditures that are eligible for tax benefits for reassessment of your taxable salary to ...

ETWIW: Multicap funds, financial planning errors, and efficient tax planning in Kolkata Economic TimesDo multicap mutual fund schemes make more sense after the recent re-categorisation exercise by Sebi?

Paris Is Burning Over Climate Change Taxes -- Is America Next? ForbesThe bottom line is this: economic freedom—the kind you get with a large middle class—leads to prosperity, economic growth, and technological innovation.

Vancouver council considers 2019 budget with 4.9 per cent property tax increase Vancouver SunVancouver's new mayor and council, considering proposed $1.5 billion operating budget for 2019, heard from dozens of speakers Tuesday.

France’s protesters are part of a global backlash against climate-change taxes Washington PostThe single most effective weapon in the fight against climate change is the tax code — imposing costs on those who emit greenhouse gases, economists say.

Pakistan government to impose 'sin tax' on tobacco Economic TimesISLAMABAD: Pakistan will soon impose a 'sin tax' on cigarettes and sugary beverages and that fund would be diverted to the health budget, Minister for National ...

'Taxes, Taxes and Taxes': Tax-Burdened Protestors Reach Tipping Point in Socialist France CBN NewsThe French are used to high taxes, but it was a new carbon tax that finally pushed French taxpayers to the tipping point, and ignited the worst protests in 50 ...

US State of Ohio Accepts Bitcoin for 23 Types of Taxes Bitcoin NewsThe U.S. state of Ohio has set up a cryptocurrency payment portal and reportedly starts accepting payments in bitcoin for 23 types of taxes this week. “Ohio has ...

The Trump tax cuts are putting America in a hole Yahoo FinanceTax cuts and a slowing economy will erode America's fiscal strength during the next decade, according to a new report from Moody's Investor *Service*, the ...

Brady releases revised version of year-end tax package | TheHill The HillHouse Ways and Means Committee Chairman Kevin Brady (R-Texas) on Monday released a revised version of his year-end tax package, a move aimed at ...

Taxman starts questioning & issuing notices to BPOs Economic TimesIndustry trackers fear that more and more companies may now be issued notices and questioned.

Are the French hit especially hard by fuel taxes? The GuardianA planned rise sparked the gilets jaunes protest – here's how their fuel costs compare with the rest of Europe.

Mayor Rahm Emanuel pushes state gas tax increase to fund major transportation bill Chicago TribuneMayor Rahm Emanuel on Tuesday called for a 20 to 30 cent per gallon increase in the state's gas tax to fund a major statewide transportation bill.

Alexandria Ocasio-Cortez and Warren Buffett agree on this key point about taxes CNBCAlexandria Ocasio-Cortez is the youngest woman ever elected to Congress. Warren Buffett is the chairman and CEO of Berkshire Hathaway and, according to ...

Denmark’s Tax Agency Targets 2,700 Nationals for Hiding Bitcoin Trades CCNSkattestyrelsen (SKAT), the Danish tax agency, has accelerated crackdown against a large number of nationals who secretly traded bitcoin on a Finnish crypto ...

10 things you probably didn't know you could deduct on your taxes Business InsiderWhat deductions are you missing when filing your tax return? Here are 10 that are often overlooked ahead of tax day 2019.

Tax Deductions 2018: 42 Tax Write-Offs You May Not Know About EntrepreneurYou might not want to hear this, but it's already time to start thinking about tax preparation. Although April feels far away, the earlier you begin planning your tax ...

FCC panel wants to tax Internet-using businesses and give the money to ISPs Ars TechnicaAt AT&T's urging, committee proposes tax on websites to pay for rural broadband.

Tax on free services: PMO set to wade into ₹40,000 cr spat between banks, revenue dept BusinessLineMumbai, November 25. With banks staring at a massive tax outgo of ₹40,000 crore on free services provided to customers to maintain a minimum balance, and ...

What the Amazon tax breaks really mean Vox.comI think the easiest way to understand Amazon's HQ2 and the specific question of cities handing out tax subsidies is to abstract away from the particular details of ...

French taxes cut as Macron caves in to rioters, admitting he is 'partially responsible' Sky NewsBy Alix Culbertson, news reporter. Emmanuel Macron has promised to raise the minimum wage as he acknowledged he was partially responsible for weeks of ...

Independent Tax Review Committee Targets Deficit Reduction Levy in Recommendations VOCMAn independent tax review committee is recommending that the provincial government eliminate the Temporary Deficit Reduction Levy before the end of 2019, ...

Niger government orders closure of Airtel arm over unpaid taxes Economic TimesKOLKATA: The Niger government has ordered the closure of Bharti Airtel's whollyowned arm in the African country for nonpayment of over $107 million (about ...

Opposition bill would do away with industrial property-tax exemptions CBC.caLiberal MLA Gerry Lowe will introduce a bill that seeks to have big industry pay higher property taxes with the hope residents, the people of Saint John in ...

Run, tax-evaders, run Economic TimesOn December 1, world leaders at the G20 summit in Buenos Aires, Argentina, agreed to reform the World Trade Organisation (WTO), even as the US and China ...

Dauphin County passes budget with no tax increase for 14th year in a row PennLiveDauphin County commissioners today approved the 2019 budget with no tax hike. County officials say the county should be debt-free by 2025.

Tax savers start hunting for best ELSS ahead of tax-saving season Economic TimesTraditionally, January to March is known as the tax-saving season. However, the season has already started in December ahead of the tax season next year.

Six tax deductions you'll lose on your 2018 return CNBCIf you were hoarding receipts in a shoebox with the hope of claiming a big break on your 2018 taxes, prepare to be disappointed. That's because the Tax Cuts ...

Income Tax department has become service-oriented, says Ashu Jain Economic Times"The I-T department has evolved from being an administrative and tax laws implementation department to a *service*-oriented department," said Principal Chief ...

Why only 2% of Chinese pay any income tax The EconomistOF COURSE NOT, I'm not an idiot,” says Liu Yongli, a chauffeur in Beijing, when asked whether he has ever paid personal income tax. Despite earning well ...

Mike Haridopolos says he deserves a tax break because of Indian River Lagoon problems Florida TodayFormer Florida Senate President Mike Haridopolos says he deserves a tax break on his Lansing Island home because of the Indian River Lagoon problems.

Scaramucci Pitches ‘Swank’ Hotel for Tax Cut Aimed at Poor Areas BloombergQuint(Bloomberg) -- When U.S. lawmakers enacted a new tax break to help low-income communities last year, backers said it would lift up some of the most ...

Exclusive: Govt may levy another tax on petrol, diesel cars to subsidise electric vehicles Moneycontrol.comThis move will help cut the direct subsidy given by the government on purchase of fully electric and hybrid vehicles.

Ivanka Trump and Jared Kushner Could Profit From Tax Break They Helped Push, Report Says TIMEThe Kushners could profit even if they don't do anything — by potentially benefiting from a recent surge in Opportunity Zone property values amid a gold rush of ...

Ecommerce Cos Don't Have To Collect Tax From Sellers With Turnover Below $28.4K Inc42 MediaSuch suppliers are not liable for registration, says CBIC. If the TCS has already been deducted, it can be shown while filing GSTR-8. Ecommerce companies are ...

What's the most value for money way to tackle obesity? Increase taxes on alcohol The Conversation AUIt may not be popular, but an increase in the cost of alcohol would make us drink less and consume fewer kilojoules.

How to avoid tax saving traps set by unscrupulous wealth managers, bank officials Economic TimesAn average investor neither has the time or the inclination to go into the finer details of the policy.

Six cents per litre shaved off car and heating fuel tax (Updated) Cyprus MailThe parliament plenum on Wednesday unanimously approved a bill to reduce the tax on motor and heating fuel by almost six cents per litre. The reduction will ...

Tax queries: Gifts received from relatives are not taxable Economic TimesGift from specified relative is exempt from tax as per Section 56(2) of the Income Tax Act. The gift will have to be supported by a gift deed.

Letter from Africa: How to get Ghanaians to pay their taxes BBC NewsGhana's government should ban funerals for people who refuse to pay taxes, writes journalist Elizabeth Ohene.

Herbert proposes $200 million tax cut — but also new taxes to 'broaden' Utah's shrinking tax base Deseret NewsIn a year with more than $1 billion in new state revenue, Gov. Gary Herbert is proposing a $200 million sales tax cut to help Utahns keep more money in their ...

New divorce tax rules could leave you with a big financial disadvantage CNBCWhen the clock strikes midnight on Jan. 1, it opens up a new world for alimony tax rules. And women, who typically receive these payments, may stand to lose ...

Niger shuts Airtel telecom offices over unpaid taxes The Financial ExpressNiger on Saturday ordered the closure of the offices of the country's biggest telecoms operator Airtel, a subsidiary of India's Bharti Airtel group, for unpaid taxes of ...

Tax Optimiser: How Wahi can cut tax by Rs 94,000 via education loan, NPS Economic TimesWahi can reduce her tax by over Rs 94000 if her organisation offers her the NPS benefit and few allowances are replaced with tax-free perks.

Converting company to LLP is a transfer, hence taxable, rules I-T Appellate Tribunal Economic TimesMUMBAI: A new tax ruling threatens to challenge a strategy that allowed thousands of businesses and professionals to reorganise themselves and attract ...

Harry Potter star Rupert Grint in legal battle for £1m tax refund BreakingNews.ieThe 30-year-old actor is appealing against a ruling preventing him from changing accounting dates to shield earnings from a higher tax rate.

1 Smart Tax Move to Make in December 2018 Motley FoolMost of the provisions of the tax reform bill that passed in late 2017 took effect at the beginning of this year. Between new tax rates and brackets, expansions of ...

Thousands in France protesting gas taxes and President Macron Vox.comThousands of protesters in Paris and elsewhere in France demonstrate against rising fuel prices and Macron's economic policies.

FBI Raids Trump's Former Chicago Tax Attorney Who Saved the President $14 Million in Property Taxes FortuneThe FBI raided the offices of Trump's former Chicago tax attorney, who obtained millions in assessment relief for the Trump Organization.

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