by taxnick on December 19, 2008
Mayor Michael R. Bloomberg’s $1.2 billion property tax increase won approval from the City Council on Thursday, raising homeowners’ bills by 7 percent as the city grapples with a worsening economy and disappearing revenue.
As a result of the 33-to-18 vote, annual tax bills will increase by hundreds or in some cases thousands of dollars, effective [...]
by taxnick on December 19, 2008
China explained more on fuel consumption taxes hikes Friday after revealing a seven- to eight-fold increase on gasoline and diesel products a day earlier, part of a reform of fuel taxation and pricing approved along with slashing retail fuel prices.
Consumption tax on naphtha, solvents and lubricant oil would be raised from 0.2 yuan (almost three [...]