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TAX LAW NEWS - TAX LITIGATION
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Several hundred demonstrators protesting proposed tax law changes have defied authorities by setting up a tent camp in the center of the Ukrainian capital.
The half-dozen tents on Maidan square on Tuesday echo the massive encampment of the Orange Revolution of 2004. The proposed reforms have sparked the largest wave of protest against President Viktor Yanukovych [...]
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A new law scrapping Delaware’s bottle deposit program and imposing a 4-cent tax on beverage containers is about to take effect.
The new beverage container tax, which replaces the refundable nickel deposit on soda and beer bottles, takes effect Dec. 1.
The new tax will be used to help fund the expansion of recycling programs to every [...]
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Several thousand people in Ukraine are protesting a draft tax law that they say favors big business and will choke small and medium-size firms.
Hundreds of small-business owners were among the crowd that assembled Tuesday outside the parliament in the capital, Kiev, to bang metal pots and buckets, blow horns and whistles and chant “Shame, Shame!”
The [...]
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President Barack Obama said he is “absolutely” ready to negotiate this month with congressional Republicans, who have hardened their stance that soon-to-expire Bush-era tax cuts should be extended for high-income taxpayers.
Obama, a Democrat, said today that he hopes to avoid “brinkmanship” in the lame-duck session of Congress when he confronts Republicans over how to prevent [...]
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We all know that in order to deduct a charitable donation on your tax return, the organization you donate to must be tax-exempt.
But what many don’t know is that under a law passed in Congress, the nonprofit must also file a tax return. The law took effect in 2007.
“Charities have to file with the IRS [...]
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On Monday, President Obama signed into law HR 5297, the Small Business Jobs Act of 2010. The law includes a series of temporary tax deductions for businesses of all sizes. The bill also includes provisions, which the government hopes will offset some of the costs of the bill. The following is a summary of certain [...]
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September 18, 2010 – A new law that will have profound implications for millions of employees just passed the Senate Thursday. Details were not available until yesterday. The House must vote on the bill and the president must sign the bill before it becomes law, but the House vote and the president signing are considered [...]
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The Obama administration has decided to pull back its nominee to head the Justice Department’s Tax Division, a White House official confirmed Wednesday.
Mary L. Smith’s nomination, first announced in April 2009, has languished for nearly a year due to concerns about whether she had sufficient expertise in tax law for the job.
Smith, who had been [...]
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President Obama today plans to propose $30 billion in new investment tax breaks for businesses to go along with tens of billions in spending he called for on Labor Day to invigorate the slow recovery.
At the heart of Obama’s plan: accelerating write-offs of investments in plants and equipment and expanding a tax credit for research [...]
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What’s the difference between preparing and manufacturing something? For Missouri restaurants, the difference amounts to tens of thousands of dollars.
The Missouri Supreme Court ruled Tuesday that restaurants cannot claim a tax exemption for the purchase of tables, chairs, plates and kitchen equipment.
The decision hinged on a determination that restaurants prepare – not manufacture – food [...]
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