Corporate Income Taxes. Legal news and articles for February 22 - 22, 2012

Romney calls for 20 percent income tax cutsRomney calls for 20% income tax cutsObama Plans To Cut The Corporate Income Tax to 28%Concern over income tax fraud in NERomney calls for 20 percent income tax cutsHouse GOP income tax plan hits poorestThe Corporate Income Tax: High Rates, Low RevenueOklahoma Income-Tax-Cut Bills Get Senate Panel's OKIncome tax scams rising in northeastMoran: Income-tax cut is pure political theater and a familiar play that is ...R9.5bn for personal income tax reliefInvestors face increased tax bill after law change in Spain12 Income Tax Scams to Watch Out ForPark district seeks income tax levy renewalChristie budget touts income tax cut

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Even unused tax breaks tough for legislators to plug
The Seattle TimesFebruary 5, 2012

This year, there's been no serious discussion about closing tax exemptions to help bridge a $1.5 billion budget shortfall. Under state law, it takes a two-thirds vote of the House and Senate for the Legislature to eliminate a tax break, a hurdle that's ...more »

Gov. Mary Fallin details state personal income tax reduction plan
NewsOK.comFebruary 6, 2012

Fallin, in prepared remarks, called for reducing the number of brackets in the personal income tax code from seven to three. The income brackets range from individuals making up to $1000 to individuals earning $8700 and over.more »

Corporate Income Taxes. News and Stories

Romney calls for 20 percent income tax cuts
NewsdayFebruary 22, 2012

Click here Romney calls for 20 percent income tax cuts Originally published: February 22, 2012 12:58 PM Updated: February 22, 2012 4:09 PM By The Associated Press KASIE HUNT (Associated Press) (AP) -- Republican presidential hopeful Mitt Romney on ...more »

Romney calls for 20% income tax cuts
The Detroit NewsFebruary 22, 2012

Romney's announcement also comes as President Barack Obama called for cutting the US corporate tax rate to 28 percent. Obama's plan would remove tax breaks for companies to help offset lost revenue and make other structural changes to the tax code, ...more »

Obama Plans To Cut The Corporate Income Tax to 28%
ForbesFebruary 22, 2012

While the Republican Presidential candidates waste precious time battling each other over abortion and same sex marriage, President Obama has shrewdly proposed major changes in the tax code that can only be seen as a new step to prove he is not an ...more »

Concern over income tax fraud in NE
Assam TribuneFebruary 22, 2012

GUWAHATI, Feb 22 – Issuing a caution note, the Income Tax Department has expressed serious concern over tax fraud resorted to by salaried employees and the claim of exemption made by members of Scheduled Tribes (ST) in the Northeast region.more »

Romney calls for 20 percent income tax cuts
San Jose Mercury NewsFebruary 22, 2012

Republican presidential hopeful Mitt Romney is calling for 20 percent across-the-board cuts in personal income tax rates as part of a program to help the economy grow. Under the proposal, the top personal income tax rate would fall to 28 percent, ...more »

House GOP income tax plan hits poorest
Kansas.comFebruary 22, 2012

(AP) – Revenue estimates for the House Republican income tax plan show that the lowest income earners would be the only bracket that would see their tax rates go up. The estimates show the plan would cost Kansas more than $850 million over the next ...more »

The Corporate Income Tax: High Rates, Low Revenue
Slate Magazine (blog)February 22, 2012

This afternoon, the Obama administration is going to be formally rolling out its corporate income tax reform proposal, bringing to the front of public debate my very least favorite tax policy issue. But for the record, the deal with the corporate ...more »

Oklahoma Income-Tax-Cut Bills Get Senate Panel's OK
LoanSafeFebruary 22, 2012

Mazzei said the measure would lower the top personal income tax to 4.75 percent from 5.25 percent over two years. The measure would reduce the corporate income tax to 5.5 percent from 6 percent. The bill would create a trigger to lower the income tax...more »

Income tax scams rising in northeast
TwoCircles.netFebruary 22, 2012

Chief Commissioner of Income Tax RK Gupta said the scams were basically related to bogus returns and claims under different sections of the Income Tax Act. "Those who are still doing it may even lose their jobs," he warned. He added that those who have ...more »

Moran: Income-tax cut is pure political theater and a familiar play that is ...
The Star-Ledger - NJ.com (blog)February 22, 2012

But the Big Idea in his budget plan is to cut the income tax, a move that would shower most of its benefits on the wealthiest neighborhoods in the state. And Tuesday, Democrats were elbowing each other to get to the podium and denounce it.more »

R9.5bn for personal income tax relief
FM.co.zaFebruary 22, 2012

On SA's revenue estimates and tax proposals, the minister of finance on Wednesday said the underlying principles are that the tax system should be fair, efficient, transparent certain – and, where possible, uncomplicated. He said tax revenue recovered ...more »

Investors face increased tax bill after law change in Spain
Rundtownnews.co.ukFebruary 22, 2012

A TEMPORARY amendment to the personal income tax law in Spain will leave investors with savings in Spanish Banks, Cajas and non-tax-compliant offshore bonds facing a higher tax bill in 2012 and 2013. On 1st January, the Spanish personal income tax ...more »

12 Income Tax Scams to Watch Out For
Patch.comFebruary 22, 2012

By Debbie Palmer The Internal Revenue Service has released its annual “Dirty Dozen” ranking of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return ...more »

Park district seeks income tax levy renewal
Lancaster Eagle GazetteFebruary 22, 2012

LANCASTER -- Voters in Lancaster are being asked to renew an income tax that is used for park operations on the March 6 ballot. "It is what we use to operate on each year," said Lancaster Parks and Recreation Superintendent Mitch Overton.more »

Christie budget touts income tax cut
Cherry Hill Courier PostFebruary 22, 2012

Chris Christie proclaimed New Jersey's fiscal house in order as he unveiled a $32.1 billion state budget proposal Tuesday that trims income taxes, while Democrats attacked the blueprint as one that helps the wealthy and doesn't do enough to address ...more »

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