Sunday, February 5, 2012

Gay Marriage Laws Leave Disparities in Federal Tax Treatment

July 30, 2011

A same-sex marriage law that took effect July 24 in New York doesn’t mean those couples can count on the same tax treatment that heterosexual unions receive, a discrepancy that some lawmakers and companies are seeking to mitigate.
Under the 1996 Defense of Marriage Act, which prohibits the federal government from recognizing same-sex marriages, the Internal [...]

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Amazon and eBay Share Different Views of Online Sales Tax Bill

July 30, 2011

Amazon supports a bill that would give states the ability to force online retailers to collect sales tax, but eBay does not.
Those were some of the reactions to the Main Street Fairness Act, which Sen. Dick Durbin (D-Ill.) introduced on Friday.
Congress has considered the bill before, but Durbin is hoping there is momentum now for [...]

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Minnesota Tax Law Conforms to Federal Health Care Reform

July 26, 2011

Tax legislation signed last week by Minnesota Gov. Mark Dayton will enable employers to offer coverage to employees’ adult children up to age 26, as they are required to do under federal law, without employees being taxed on the coverage.
The measure, H.F. 20, conforms Minnesota tax law to the federal health care reform law. The [...]

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Obstacle Course Awaits Congress in Quest for Simpler Tax Code

July 23, 2011

The allure of a simpler, more efficient tax code that could fuel economic growth presents a tantalizing possibility for U.S. lawmakers. The path to that goal is littered with political and legislative obstacles.
Even if President Barack Obama and House Speaker John Boehner had agreed to pursue a tax code overhaul as part of a deal [...]

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Roger Harris: Uncollected Internet Sales Tax Unfair

July 23, 2011

You may have noticed that the Internet is everywhere.
We bank, watch movies and read newspapers on the Web. We use smartphones to check stock prices and school schedules.
We can all agree that the Internet is not a fad.
We should also agree it’s now time for the Net to grow up. It’s time to end the [...]

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6 Senators Push Bipartisan Plan to Cut Defecit by $4 Trillion

July 19, 2011

The bipartisan “Gang of Six” senators on Tuesday offered a major plan to cut the deficit by more than $4 trillion over the coming decade, but whether it can break through the budget debate will depend on whether Republican lawmakers can find a way to endorse more than $1 trillion in tax increases.
Those tax increases [...]

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Online Retailers Can Challenge California Online Sales Tax

July 19, 2011

California Attorney General Kamala Harris says online retailers, like Amazon.com, can start to gather signatures to challenge a new law that requires more of them to collect sales tax from California customers.
Harris on Monday issued a title and summary to Secretary of State Debra Bowen for a proposed statewide referendum on ABx1 28.
The bill clarified [...]

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Foreign Account Tax Compliance Act to Take Effect in 2013

July 16, 2011

A group for U.S. citizens overseas says a new American tax law aimed at uncovering hidden assets will only make it harder for U.S. companies to compete globally.
American Citizens Abroad, based in Geneva and Washington, said in a report Thursday the Foreign Account Tax Compliance Act will be virtually unworkable when it takes effect in [...]

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Amazon Wants Voters to Decide on Online Sales Tax

July 16, 2011

Escalating its fight to thwart a new levy on Internet purchases, Amazon.com says it will ask California voters to overturn a state law requiring all companies with operations or affiliates here to collect sales tax.
Amazon has refused to collect the 7.25% base sales tax since the law took effect July 1, saying it is unconstitutional. [...]

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Tax Law Affects US Citizens in Canada

July 13, 2011

According to BC Southern Interior MP Alex Atamanenko, the proposed tax law announced by the American Government noticed him with deep concern.
The law determines that all individuals holding US citizenship are required to file annual income tax returns with the Internal Revenue Service (IRS). In addition, Canadian financial institutions are required to report to the [...]

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