Tax Law News. Crime Stories, Law on News and Legal Publications in March, 2012

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Reforms coming to the state foster care system
kjrh.comMarch 1, 2012

"Litigation was hotly contested for years," said Oklahoma Attorney General Scott Pruitt. "The state defended the case pretty aggressively," said Marica Lowry, executive director of Children's Rights. It's all been over a federal suit that claims the ...more »

Court rules on enforcement of foreign arbitral award
International Law OfficeMarch 1, 2012

The arbitration clause in the contract provided that if the defendant was the complainant in the dispute, the dispute was to be referred for final resolution to the International Commercial Arbitration Court (ICAC) at the Ukrainian Chamber of Commerce ...more »

Tax Law News and Stories

Audit Defence
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Introducing 25 Women You Need to Know
Tallahassee.comMarch 4, 2012

Serves on Lively Technical Center Advisory Board and audit committee of Jack and Jill of America Inc., a service organization for children and teens. Second Harvest grocery bagger and homeless shelter volunteer. Jane Marks — psychotherapist, Marks ...more »

Irs Filing & Compliance
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Prying open privacy
ExecutiveMarch 5, 2012

If they fail to do so they will have to pay 30 percent of the interest, dividend and investment payments due to those clients to the IRS. More worryingly for the banks, they could be deemed 'non-compliant,' making it difficult for US institutions to ...more »

Business Audit Defence
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Bill calls for audit of death penalty costs
Columbia Daily TribuneMarch 1, 2012

Several states have done similar studies, all showing that executing people is far more expensive than putting them in prison, said Paul Litton, an associate professor at the University of Missouri School of Law. Not only does the death penalty come ...more »

Personal Irs Disputes
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Lawyer Up
Campus TechnologyMarch 1, 2012

Lawyers identify the six biggest legal issues facing IT today, and how CIOs can avoid a run-in with the law. By Dian Schaffhauser Putting a CIO and a lawyer together in the same room may give you the start of a pretty decent joke, but it could also ...more »

Property Taxes
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Gov. Kitzhaber signs HB 4039 to help seniors keep their homes
The Regal CourierMarch 7, 2012

John Kitzhaber signed House Bill 4039 into law, which puts more than 1000 seniors temporarily back into the Oregon Property Tax Deferral Program. “The clock now starts ticking for the Department of Revenue to begin the process of reinstating almost ...more »

Corporate Income Taxes
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Scrap 50p income tax rate, business leaders tell Osborne
Accountancy AgeMarch 1, 2012

by Nick Huber THE 50p higher rate of income tax is "damaging the economy" and delaying the recovery from recession, more than 500 entrepreneurs and business owners have warned. In a letter to The Daily Telegraph, the bosses of small and medium sized ...more »

Sales Tax & Use Tax
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Augusta Commission to decide whether The Patch gets to use sales tax money
The Augusta ChronicleMarch 6, 2012

By Susan McCord The Augusta Commission will decide today whether the new private manager of the city-owned golf course gets to use $300000 in sales tax money to make improvements to the course. Brian Hendry, the Aberdeen, Scotland, businessman whose ...more »

Estate Taxes & Gift Taxes
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Economists critique Petroleum Income Tax Law
Myjoyonline.comMarch 2, 2012

... a tax policy advisor at the Ministry of Finance & Economic Planning, have noted that the absence of thin capitalization provisions in Ghana's Petroleum Income Tax Law (PITL) is a potential setback to government's ability to capture rent.more »

Tax Evasion Defence
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Director jailed for tax evasion
TODAYonlineMarch 2, 2012

SINGAPORE - The director of a metal stamping firm has been sentenced to two weeks' jail for tax evasion. Fifty-nine-year-old Lim Bee Hua was convicted of assisting Global Harvest Precision Private Limited, a firm he headed, in evading more than S$73800 ...more »

International Taxation
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Group backs reform of sin tax law
Philippine StarMarch 1, 2012

MANILA, Philippines – A public advocacy and economic development organization here supported the position of President Benigno Aquino III to reform the country's sin tax law. This as the Aquino administration aimed to hike the revenue collections ...more »

Tax Planning
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Tax evasion laws adequate, says expert
Sydney Morning HeraldMarch 4, 2012

As it stands, the law allows the court to determine whether there has been a tax benefit and what was the dominant purpose of the scheme. PLANS to alter laws designed to thwart tax evasion may backfire, harming Australia's reputation for sovereign risk ...more »


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