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Taxes

Don Cayo: For many working poor families, taxes and clawbacks bite hard

Vancouver Sun - ‎7 hours ago‎
With income tax time approaching, here's a thought worth chewing on: How would you like it if - even before sales taxes, property taxes, MSP premiums and more - the feds and province left only 30 cents in your wallet for every dollar you earned last ...

Are house-flippers all paying their taxes? CRA probing 128 home sales

CTV News - ‎Feb 9, 2016‎
That has the Canada Revenue Agency ramping up its investigations into what it calls “pockets of risk” in the market, which includes flipping.

Death, taxes and myths

Business in Vancouver - ‎15 hours ago‎
As an estate planner, I often hear clients comment that they want to “avoid taxes at the time of death.” Once I start to ask what they mean by that, it becomes apparent that there is an expectation that saving probate fees is somehow related to saving ...
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Debate on tampon tax arrives in Utah — and will be heard by all-male committee

Toronto Star - ‎16 hours ago‎
Pennsylvania and Minnesota are among states that have eliminated these taxes. A handful of other states, including California, have seen similar proposals brought before their legislatures this year.
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As Oil Profits Plunge, Gulf Regimes Weigh the Unmentionable: Taxes

Wall Street Journal - ‎6 hours ago‎
Dubai's year-round sunshine and near-zero taxes have been easy sells for foreign investors and expatriate workers. Oil's plummet below $30 a barrel might change that for the glitzy emirate and its Arab Gulf neighbors.

What Fort Erie's taxes are paying for

Niagarathisweek.com - ‎16 hours ago‎
As council got down to the nitty gritty final numbers last week, much of the debate came down to arguments over whether certain items should be funded through the general levy via tax hike, or if the town should drain some of its reserve cash to keep ...
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A CPA says there's only one way to cut down your taxes

Business Insider - ‎15 hours ago‎
Steven M. Piascik, CPA, MT, founder and president of boutique CPA firm PIASCIK, tells Business Insider that the best way to minimize taxes is something anyone can do, no matter their net worth. "Tax minimization means documenting all your expenses that ...

Rulings to Raise Taxes on Multinational R&D Centers in Israel

Haaretz - ‎9 hours ago‎
The 250 or so multinational research and development centers in Israel may face higher tax bills in the wake of two rulings issued in recent months by Tel Aviv District Court Judge Magen Altuvia.

Waterloo taxes will go up 2.2 per cent in 2016

Waterloo Record - ‎Feb 8, 2016‎
WATERLOO - Waterloo council opted to abandon its policy of limiting tax hikes Monday but managed to bring in a 2016 tax hike below the Consumer Price Index. Taxes will go up 2.2 per cent in 2016, adding about $27 to the property tax bill of an average ...
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Consumer Reports finds advantages to filing taxes early

WABC-TV - ‎13 hours ago‎
Employers have until February 1 to send you your W-2 tax form, and the IRS is already accepting electronic returns with roughly two months from the April deadline to file taxes. Consumer Reports says there are significant advantages to filing early ...

Cautious Conservatives Resist Consumption Taxes Because They Don't Trust Politicians

Forbes - ‎18 hours ago‎
Economists have long considered consumption taxes, which include the VAT or value-added tax, sales taxes, and its slight variation, the FAIR tax, to be more efficient ways to raise revenue than income taxes. Consumption taxes do not distort decisions ...
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Conservatives Save The Internet (From Taxes)

Forbes - ‎10 hours ago‎
If there's one thing a certain brand of conservatives is good at, it's complaining that nothing positive ever gets done on Capitol Hill.
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Aldermen propose cutting taxes on tampons

Time Out Chicago (blog) - ‎9 hours ago‎
Aldermen Ed Burke (14th ward) and Leslie Hairston (5th) proposed an ordinance in City Council today that would waive the city's "discriminatory" tax on tampons, pads and other feminine hygiene products, and according to a DNAinfo report, Mayor Rahm ...
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Plaintiffs' Lawyers Claim Dunkin' Donuts Sprinkles on Extra Taxes

Wall Street Journal (blog) - ‎Feb 9, 2016‎
Plaintiffs' lawyers suing the parent company of Dunkin' Donuts in New York and New Jersey say the coffee and doughnut restaurant chain should have known about state sales tax rules exempting packaged coffee and bottled water sold at its stores.

A4A Rejects White House Proposal to Hike Taxes on Air Travelers

Business Wire (press release) - ‎8 hours ago‎
WASHINGTON--(BUSINESS WIRE)--Airlines for America (A4A), the industry trade organization for the leading U.S. airlines, today issued the following statement opposing the FY 2017 White House budget proposal, which would drive up the federal tax burden ...
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Toronto city manager says new and increased taxes needed to balance budget

Toronto Star - ‎Feb 5, 2016‎
“The city requires revenues that increase annually to help fund city services and hence it is not sustainable to keep total taxes below the rate of inflation,” the report reads. “In order to reach financial sustainability and balance its budget, city ...
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Does your state have the heaviest tax burden?

CNBC - ‎Feb 8, 2016‎
When it comes to state and local taxes, some Americans bear a heavier burden than others, according to analysis by the Tax Foundation, a nonpartisan research group. The research also provides something of a report card on the unusually large number of ...

Blanc-Sablon mayor turns to Facebook to shame residents who haven't paid taxes

CBC.ca - ‎10 hours ago‎
The mayor of a village on Quebec's Lower North Shore has found an unusual way to prompt residents who haven't paid their municipal taxes: He's published their names on Facebook. Blanc-Sablon Mayor Armand Joncas says the municipality recovered ...
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When it comes to business taxes, we're 'among the very worst' says Chamber

SooToday.com - ‎Feb 8, 2016‎
The SSM Chamber's Advocacy Task force has since been engaged in extensive research focusing on the commercial and industrial tax rates of Sault Ste. Marie in comparison to other cities across the province and the findings are extremely concerning.

Increased property values mean different things for property taxes

WKRN.com - ‎4 hours ago‎
(WKRN) - It's no secret property values in Davidson County are on the rise, but News 2 found out what it means for your tax rate. Property assessments are done every four years. How your house compares to the county average will tell you if your ...
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