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Taxes

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Guess how many people pay taxes in India

CNBC - ‎18 hours ago‎
Only about 1 percent of India's population paid tax on their earnings in the year 2013, according to the country's income tax data, published for the first time in 16 years. The report further states that a total of 28.7 million individuals filed ...
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Developer Aby Rosen to Pay $7 Million in Suit Over Unpaid Taxes on Art

New York Times - ‎10 hours ago‎
The New York attorney general, Eric T. Schneiderman, announced a $7 million settlement with Mr. Rosen on Tuesday for failing to pay taxes on $80 million in artwork that he had bought or commissioned since 2002. Art dealers who buy works solely for ...

Neighbors Demand That Princeton Pay Its Fair Share of Property Taxes

Fortune - ‎9 hours ago‎
Residents of Princeton, New Jersey want the university of the same name to pay its fair share in property taxes. A five-year-old lawsuit against the Ivy League school, filed by its neighbors, is challenging its tax-exempt status, Bloomberg reports ...
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Tax burden lowest in Alberta, Saskatchewan, Conference Board of Canada report says

CBC.ca - ‎May 2, 2016‎
New Brunswick and Newfoundland and Labrador were also found to be among the provinces with the lowest net business taxes. British Columbia and Ontario join Alberta and Saskatchewan on the list of provinces with the lowest personal tax ratios.
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How Malloy And Lawmakers Stuck To Their Resolve On Taxes And Layoffs

Hartford Courant - ‎2 hours ago‎
First, no new taxes. Second, state employees will face mass layoffs. How did that happen? It seemed impossible. Optimists and skeptics alike figured from the day the scene was set in early February that something would give.

Election: Mixed fate for South Bay, Peninsula school taxes

San Jose Mercury News - ‎2 hours ago‎
Voters in the Los Gatos-Saratoga Union High School District were clearly leaning toward passing Measure A, to extend for eight years a $49 parcel tax. In San Mateo County, the Brisbane School District's Measure B was poised to renew for six years and ...

How Can I Lower the Taxes on the Sale of My Mom's House?

Money Magazine - ‎20 hours ago‎
Let's start with the taxes. The profit from the house is considered a capital gain, so your mom, assuming she is single, can get the $250,000 primary residence exclusion.
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Taxes, regulation challenges businesses in California

LA Daily News - ‎6 hours ago‎
Despite the ongoing recovery, businesses continue to face challenges in Southern California. The Los Angeles Business Federation's annual poll of its members is just out and the top five concerns of employers are: 1. taxes and fees; 2. transportation; ...
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Should you pay sales tax on Internet purchases? South Dakota law could be the test

PCWorld - ‎11 hours ago‎
A new South Dakota law may end up determining whether most U.S. residents are required to pay sales taxes on their Internet purchases.

Alexandria council ready to raise taxes to pay for infrastructure repairs

Washington Post - ‎16 hours ago‎
The Alexandria City Council has agreed to raise local property tax rates by 3 cents, largely to pay for expansion and repairs for schools and aging city buildings.
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Millions scrambling for midnight deadline to file taxes

Winnipeg Free Press - ‎May 2, 2016‎
More than 10 million Canadians waited until the last minute to file their taxes this year, statistics from Canada Revenue Agency suggest.
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Commerzbank helped foreign investors evade taxes - report

Reuters UK - ‎May 2, 2016‎
But a joint media investigation alleged that major funds were deliberately seeking to avoid paying the tax by lending their shares 'cum dividend' to German banks and investment funds who could make use of the dividend tax credit and taking them back ...

California April taxes about $1 billion short of projection

San Jose Mercury News - ‎11 hours ago‎
SACRAMENTO -- Preliminary numbers show California's personal income tax collections were about $1 billion short of Gov.
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Just say no to highest property taxes in the nation

Chicago Sun-Times - ‎14 hours ago‎
Not only are Illinois property taxes exorbitant, they are an integral part of an immoral system in Cook County in which business owners are forced to hire politically-connected lawyers to get their property tax bills reduced. And guess what, the most ...
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Pfizer tops Street 1Q forecasts on higher sales, lower taxes

Montreal Gazette - ‎13 hours ago‎
Pfizer easily beat Wall Street expectations as the biggest U.S. drugmaker's first-quarter net income jumped 27 per cent due to higher sales, lower taxes and one-time gains. The company raised its 2016 financial forecasts, citing the strong quarter and ...
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Bill Gates calls for higher capital gains taxes

CNBC - ‎May 2, 2016‎
Speaking Monday on CNBC's "Squawk Box," Gates said that he's "pleased" that there is more discussion around changing the tax code. When asked what he would alter, Gates sided with his pal Warren Buffett and said he supports raising the earned income ...

Taxes Rise Under Proposed 2016-2017 Corning City Budget

My Twin Tiers.com - ‎2 hours ago‎
Corning City property taxes would go up 1.94% under a budget proposed by Corning City Manager Mark Ryckman Monday night. Our newspaper partner, The Leader, reports the tax rate would rise by 21-cents to $11.01 per thousand assessed property value ...

Higher taxes expected to bring in 1.35 bln euros of 1.8 bln shortfall

Kathimerini - ‎21 hours ago‎
Hikes on taxes on a slew of consumer products and services that will be presented to Parliament for ratification in the next few days are expected to bring in 1.35 billion of the 1.8 billion euros shortfall seen in revenues.

B.C. taxes unfair — Metro mayors

The Tri-City News - ‎May 2, 2016‎
Rising real estate values have left a growing number of Lower Mainland homes failing to qualify for the home owner grant, which provides a $570 credit against property taxes when homes are valued at less than $1.2 million. (The amount of the basic ...
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Death and taxes: Who to call if your refund is late or the CRA wrongly declares your demise

National Post - ‎May 1, 2016‎
As millions of Canadians scramble to file their taxes by Monday's deadline (May 2 this year because April 30 was on a weekend), the small and relatively unknown office in downtown Ottawa is mandated with looking into taxpayers' complaints over the CRA.
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