Friday, May 18, 2012

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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Amazon Tax Battle Centers on Jobs

July 13, 2011

A looming California electoral battle pitting powerful Internet retailer Amazon.com against the nation’s largest chain stores is expected to be fought on the issue of jobs — with each side saying its position is better for the state’s struggling economy.
Officially, the fight is over the sales tax and Amazon’s refusal to collect it under a [...]

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TN Gov. Haslem Willing To Take Lead With National Internet Sales Tax

July 8, 2011

Gov. Bill Haslam said Wednesday that untaxed Internet sales are eroding Tennessee’s tax base and said he’s willing to take a leadership role among governors in urging Congress to pass a national approach to collecting sales taxes on goods sold over the Internet.
He said Tennessee is already losing between $300 million and $500 million a [...]

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WSJ: Surprising Tax Lessons From John Edwards’s Indictment

July 8, 2011

Could two obscure taxes paid by a wealthy heiress save a former politician from prison? Quite possibly, say tax- and election-law experts. The curious tale offers a lesson for ordinary taxpayers as well.
In June, former senator and presidential candidate John Edwards was indicted by a North Carolina grand jury on charges of violating campaign-finance laws. [...]

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Tax Problem for Illinois Civil Unions

July 5, 2011

We’re one month into civil unions in Illinois, and a problem has been discovered.
Couples in civil unions are supposed to be treated like married couples under Illinois law, but when it comes to income tax, there’s a snarl:
Illinois’ tax law says if taxpayers file their federal income taxes separately, they have to file their state [...]

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New York Gov. Signs Property Tax Law

July 5, 2011

New York Governor Andrew Cuomo unveiled his new property tax cap at a family home in Lancaster Tuesday morning. He even signed the bill into law right on the front lawn. “It says that the property taxes can’t go up more than 2% per year or the rate of inflation, whichever is less. Unless 60% [...]

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Maryland Alcohol Tax Hike Takes Effect

July 1, 2011

New laws that go into effect today spell good news for local wineries but leave liquor stores and bars worried about losing business.
The laws, passed earlier this year by the Maryland General Assembly, will raise the state’s liquor tax by 50 percent and legalize direct shipping of wine.
Under the new tax law, alcohol purchases will [...]

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