Tax Law News. Crime Stories, Law on News and Legal Publications in August, 2011

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Customs tightens rules on imported books
GMANews.TVAugust 1, 2011

Customs Commissioner Angelito Alvarez has issued an order tightening the rules for the entry of imported books into the Philippines, requiring importers to apply with the Finance Department for duty- and tax-free importation of books. ...more »

Suits against Chesley dismissed
Cincinnati.comAugust 2, 2011

The suits claim the defendants committed legal malpractice and fraud and provided the plaintiffs with "incorrect or incomplete information" concerning the settlement. Reeves wrote that since Boone Circuit Court already ruled the settlement fair, ...more »

Tax Law News and Stories

Audit Defence
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IRS investigates $419-million Vernon bond deal
Los Angeles TimesAugust 29, 2011

Attorneys and experts interviewed by The Times said the IRS audit could be costly for Vernon. They said the probe probably focuses on whether the city's use of bond proceeds violated restrictions on tax-exempt debt. If the bonds are deemed taxable, ...more »

International Taxation
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Report: Tax breaks bankrupted Michigan unemployment fund
Michigan MessengerAugust 29, 2011

A new report by the National Employment Law Project says that the bankruptcy of Michigan's unemployment insurance fund can be blamed on a series of ill-advised tax breaks given to employers starting in the 1990s. ...more »

Business Audit Defence
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State auditor to probe MTC's proposed move to SF
San Jose Mercury NewsAugust 24, 2011

This audit will provide some clarity on what the law allows toll money to be used for." The audit was approved by a unanimous bipartisan vote. The Bureau of State Audits, under the direction of State Auditor Elaine Howle, will conduct the audit. ...more »

Property Taxes
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Tax rate hearing scheduled
Joplin GlobeAugust 29, 2011

A public hearing on the city's property tax rate will be held at a special meeting today of the Joplin City Council, though the levy amount could change slightly later because of incongruity in state law. The city's finance director, Leslie Jones, ...more »

Sales Tax & Use Tax
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It's Amazon vs. California in high-stakes sales-tax fight
Los Angeles TimesAugust 8, 2011

She has to collect sales tax, she said, and "I don't understand why [Amazon] can get away with not." "For states imposing sales or use taxes, your purchase is subject to use tax unless it is specifically exempt from taxation. ...more »

Estate Taxes & Gift Taxes
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Tax cap vexes local municipalities
Rochester Democrat and ChronicleAugust 28, 2011

This will affect how much they can spend under the new property tax cap law. The property tax cap, hailed by Gov. Andrew Cuomo as a savior for New York's middle class, is causing confusion and frustration among town officials who say the state has left ...more »

Tax Evasion Defence
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Financial Firms Balk at New Law to Help Catch US Tax Evaders
Insurance JournalAugust 22, 2011

Those affected include commercial, private and investment banks and shells and trusts; broker-dealers; insurers; mutual, hedge and private-equity funds; domiciliary companies; limited liability companies, partnerships; and other intermediaries and ...more »

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