Corporate Income Taxes. Legal news and articles for August 28 - 30, 2011

Everonn Founder ArrestedBCCI criticises proposed regulatory lawLancaster firefighter speaks out about expected layoffsWonkbook: Mulling a jobs planGOP solution for the debt problem: Soak the impoverishedBuffett's Latest Tax BreakGuest Post: Income Tax PlanDown With Income TaxesBusiness Workshop: Employers prepare for more red tapeNigeria: Pengassan Tasks Jonathan On Personal Income Tax LawOur view: Gary wrong to tax those outside city7 Office REITs: Recent Performance And Dividend RatesBlack money: what more can the government do?Where Legislature, Executive and the Judiciary differ: Mauritius tax treaty ...Mark Woods: Tallahassee, this is repugnant

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Angel investors share mixed feelings on new tax credit
Omaha World-HeraldAugust 25, 2011

Heineman has said putting those policies into law gives Nebraska "one of the strongest public policy strategies" in the country for attracting and growing technology-focused companies. Others aren't impressed by the angel investment law. ...more »

Corporate Income Taxes. News and Stories

Everonn Founder Arrested
Wall Street JournalAugust 30, 2011

In a press release posted on its Web site, the federal agency said it has arrested an additional commissioner of income tax posted in Chennai and the managing director of a private educational firm based in the southern city in connection with a ...more »

BCCI criticises proposed regulatory law
ESPNcricinfo.comAugust 30, 2011

The advantages available to societies of this kind involve direct benefits involving purchase of government-owned land for cricket-related use at very reduced rates, while indirect benefits relate to excise duty and income tax exemptions. ...more »

Lancaster firefighter speaks out about expected layoffs
Lancaster Eagle GazetteAugust 30, 2011

A federal grant brought those firefighters back to work in the spring, but state budget cuts and dwindling income tax revenue have forced the city to make deeper cuts. Layoffs are expected to become effective around Oct. 1, Mayor David Smith said. ...more »

Wonkbook: Mulling a jobs plan
Washington Post (blog)August 30, 2011

The US needs to cut corporate tax rates, writes Ramesh Ponnuru: "It's fair to conclude that the corporate income tax lowers wages. And that's not the only reason to reduce the tax. As Jonathan Berk explained on Bloomberg View last week, the corporate...more »

GOP solution for the debt problem: Soak the impoverished
Opelousas Daily WorldAugust 30, 2011

And of course, those accusing the working poor of freeloading ignore the fact that 1 in 4 American jobs don't even pay poverty wages, or that the federal income tax is inherently designed to avoid hitting the poor, the elderly and working families with ...more »

Buffett's Latest Tax Break
Wall Street JournalAugust 29, 2011

Mr. Buffett's recent decision to invest in Bank of America represents another tax-avoidance triumph for the Berkshire chief executive. US corporations are subject to a top federal income tax rate of 35%, the second highest in the world. ...more »

Guest Post: Income Tax Plan
ForbesAugust 29, 2011

At IRS, I participated in the review and audit of federal estate tax returns. I even took the lead on a successful audit. At audit, opposing counsel read my report, looked at his file and said, “Gentleman, she's exactly right.” I nearly fainted. ...more »

Down With Income Taxes
Beijing ReviewAugust 29, 2011

As of September 1, amendments to China's individual income tax law, highlighted by an increased monthly tax exemption threshold, will be implemented. The amended law raises the monthly tax exemption threshold from 2000 yuan ($313) to 3500 yuan ($547). ...more »

Business Workshop: Employers prepare for more red tape
Pittsburgh Post GazetteAugust 29, 2011

For everyone outside of Allegheny and Philadelphia counties, there will be one tax collection districts per county. In Allegheny County, there will be four. Philadelphia is exempt from the law. The new law requires that businesses withhold income tax...more »

Nigeria: Pengassan Tasks Jonathan On Personal Income Tax Law
AllAfrica.comAugust 29, 2011

Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on President Goodluck Jonathan to sign the Personal Income Tax (Amendment) bill into law without further delay. The bill, according to the association, ...more »

Our view: Gary wrong to tax those outside city
Post-TribuneAugust 29, 2011

The council wants to impose a 1 percent income tax on those who work in Gary but live outside the city. The council is expected to approve such a resolution at its meeting Tuesday to request authority from the General Assembly to impose the tax. ...more »

7 Office REITs: Recent Performance And Dividend Rates
Seeking AlphaAugust 28, 2011

By law, REITs must distribute at least 90% of their taxable income in order to eliminate the need to pay income tax at the corporate level. This is an analysis of the performance and dividends for 7 REITs that primarily own and offer office space. ...more »

Black money: what more can the government do?
The HinduAugust 28, 2011

The law had even given immunity at one stage for foreign remittances by way of gifts, whether they are genuine or not, a practice which is followed till date, though the period of immunity is long since past. Income-tax law cannot deal with any ...more »

Where Legislature, Executive and the Judiciary differ: Mauritius tax treaty ...
Business StandardAugust 28, 2011

Income tax law is notoriously complex, though the reasons are often misunderstood. Obvious reasons include tax law must address a huge and never-ending range of business transactions and structures. Last month's Bombay High Court decision in the case ...more »

Mark Woods: Tallahassee, this is repugnant
Florida Times-Union (blog)August 28, 2011

In Northeast Florida alone, more than $20 million a year goes to the program that allows companies to divert their corporate income tax dollars from the state money that helps fund public schools. Instead this tax money provides scholarships for ...more »



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