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TAX LAW NEWS - TAX LITIGATION
From the daily archives:
KPMG, a well-known international accounting firm, released its annual survey of corporate and indirect tax rates for 2008, showing that the U.S. corporate income tax rate was higher than all other global regions, 14.1 percentage points higher than the global average and nearly 17 percentage points higher than the average among European Union nations.
In Tax [...]
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In a recent year, the agency processed over 232 million tax returns, collected over $2.1 trillion in revenues and disbursed about $284 billion in refunds. The IRS’s latest report says that during the same period it offered special advice and assistance in response to 94 million requests for assistance that it received by telephone and [...]
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One of the first actions of any new nation is to collect taxes. This was true for the United States when in March of 1791, shortly after George Washington became president, the brand new Congress approved a law establishing a tariff system on selected imports and an internal excise tax on whiskey.
In the next year, [...]
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One of the oldest and most common forms of taxation is the taxation of property held by an individual at the time of their death. Such a tax can take the form, among others, of estate tax (a tax levied on the estate before any transfers). An estate tax is a charge upon the decedent’s [...]
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