Corporate Finance & Taxation. Legal news and articles for November 29 - 29, 2011

Huge cost of tax evasion revealed as campaign to tackle tax havens launchesIndia Has No Plans To Reduce STTUse Standard End-of-Year Tips to Decrease 2011 Tax BillColumbia Woman Admits Stealing More Than $250K From EmployerDemocrats plan payroll tax cut showdownfrom bean counter to money magicianConn. sees Internet tax delayed after legal fightGhanaian goes from bean counter to money magicianRamsey County hearing spotlights taxes vs. services dilemmaTax Raids on Indian Diamond Firms Related to Swiss AccountsWorkers salary enhanced as government widens income tax bandAlabama Streamlined Sales and Use Tax Commission approves preliminary plan to ...Tax law pushes US expats to give up passportTax break for hiring felons in San Francisco pitched as crime cutterBeijing police question wife of activist artist Ai Weiwei in ongoing tax case

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Tax Authority Repeats Blockbuster Introduction to International Taxation
PR Newswire (press release)November 1, 2011

(His follow-up Intermediate International Tax webinar will be conducted on November 16, 2011.) Be familiar with the controlled foreign corporation regime foreign tax credit rules. Identify situations where international tax planning can add value to ...more »

Reid Plans to Rewrite Contractor Repeal to Punish Tax Cheats
BusinessWeekNovember 2, 2011

It would move some people from Medicaid into subsidized coverage in new health-insurance exchanges and would push others out of subsidized coverage. Reid didn't say whether Senate Democrats would agree to that offset. Senate Finance Committee Chairman ...more »

Corporate Finance & Taxation. News and Stories

Huge cost of tax evasion revealed as campaign to tackle tax havens launches
National Union of Public and General EmployeesNovember 29, 2011

New research published by the Tax Justice Network shows that tax evasion costs governments around the world more than US$3.1 trillion annually. Ottawa (29 Nov. 2011) - In keeping with the National Union's campaign for tax fairness and quality public ...more »

India Has No Plans To Reduce STT
Tax-news.comNovember 29, 2011

The Indian government has no plans to lower the securities transaction tax (STT), according to the Minister of State for Finance SS Palanimanickam. The tax, which was brought into force in October, 2004 has been ...more »

Use Standard End-of-Year Tips to Decrease 2011 Tax Bill
MarketWatch (press release)November 29, 2011

As taxpayers are left to wonder if the 2-percent payroll tax holiday will expire Dec. 31 or whether Congress will make any tax law changes as part of a plan to reduce the federal deficit, taxpayers can make the following money-saving moves now to ...more »

Columbia Woman Admits Stealing More Than $250K From Employer
KOMU-TVNovember 29, 2011

Christine Diane Todd pleaded guilty to tax evasion when she failed to report the stolen money on her federal income taxes. The US Western District Attorney's office said when Todd pleaded guilty to tax evasion, she admitted her role in a scheme that ...more »

Democrats plan payroll tax cut showdown
CBS NewsNovember 29, 2011

In 2000, our defense budget was less than $300 billion and Homeland Security did not exist, and now that cost is four-times what it was just 10 years ago, yet taxation is at historical lows, and federal revenue at 14% of GDP is at a 60-year low! by ...more »

from bean counter to money magician
BBC NewsNovember 29, 2011

Its remit has also been widened to provide "innovative and responsive corporate finance, brokerage, fund management and research services to local and foreign individuals, multinational companies, institutions, and portfolio investors for the Ecowas ...more »

Conn. sees Internet tax delayed after legal fight
BusinessWeekNovember 29, 2011

The so-called Amazon tax was included in budget legislation signed in May by Gov. Dannel P. Malloy. It requires Internet retailers to collect tax on sales generated through website affiliates. Sullivan said the issue ultimately will be resolved in ...more »

Ghanaian goes from bean counter to money magician
BBC NewsNovember 29, 2011

Its remit has also been widened to provide "innovative and responsive corporate finance, brokerage, fund management and research services to local and foreign individuals, multinational companies, institutions, and portfolio investors for the Ecowas ...more »

Ramsey County hearing spotlights taxes vs. services dilemma
Minnesota Public RadioNovember 29, 2011

This is the time of year when cities, counties and school districts around Minnesota hold so-called "Truth in Taxation" hearings, and about 250 taxpayers turned out last night in Ramsey County to ask the county board to protect public services, ...more »

Tax Raids on Indian Diamond Firms Related to Swiss Accounts
IDEX OnlineNovember 29, 2011

In 2010, an HSBC employee fled to France from Switzerland with a list account holders at the branch, starting a series of tax evasion investigations. French authorities subsequently handed the Indian government a list of 700 names of Indian nationals ...more »

Workers salary enhanced as government widens income tax band
Myjoyonline.comNovember 29, 2011

In the Budget Statement to Parliament on Wednesday, November 16, 2011 the Minister for Finance and Economic Planning, Dr Kwabena Duffuor proposed the widening of the income tax band to give workers an enhanced salary. According to the minister, ...more »

Alabama Streamlined Sales and Use Tax Commission approves preliminary plan to ...
The Birmingham News - al.com (blog)November 29, 2011

By Martin Swant --- The Birmingham News A group created to streamline Alabama's sales and use tax reporting system for retailers approved a preliminary report Monday, a step toward crafting legislation for lawmakers to consider next year. ...more »

Tax law pushes US expats to give up passport
swissinfo.chNovember 29, 2011

This will accelerate as the FATCA date approaches, as more and more banks will simply say it's not worth having US clients as they don't want the reporting or legal risk concerns. For investment accounts large Swiss banks have set up separate ...more »

Tax break for hiring felons in San Francisco pitched as crime cutter
San Francisco ExaminerNovember 29, 2011

In recent years, The City has created payroll tax breaks for biotech companies, businesses that move to the mid-Market area and stock options of companies that go public. Next up: a tax break for hiring ex-offenders. Ensuring that people coming out of ...more »

Beijing police question wife of activist artist Ai Weiwei in ongoing tax case
Washington PostNovember 29, 2011

BEIJING — The wife of activist Chinese artist Ai Weiwei says police questioned her for several hours and told her she is a suspect in an unspecified criminal case. Lu Qing said four officers came to her Beijing home Tuesday and forced her to come with ...more »

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