Page 114 - Tax Code News Today

AMID calls to tax the rich, the chairman of the House Committee on Ways and Means on Monday said the panel is studying the imposition of non-essentials goods taxes on several lines of luxury items. Albay Rep. Joey Sarte Salceda issued his statement in response to calls from international organizations…

Why is the 2003 tax cut working so much better than the 2001 taxcut?

The Committee on Ways and Means recently approved a bill recentlythat repeals the preferential tax rate for export-related corporateincome: the Extraterritorial Income Act (ETI), formerly ForeignSales Corporation (FSC). This legislation is a step in the rightdirection towards making the U.S. tax code more competitive amongour major trading partners.

Lucy, speaker mccarthy said he was willing to look at calls to expunge trumps impeachment. what exactly would that mean and what it affect anything? >> i dont think it would affect anything but i do think that its ridiculous. i guess the downstream effect would be that in future ap u.s. history course is, there would be an extra section in the story of trumps impeachment and about the expungement of this impeachment. trump is who trump is, what does is done. i think that republicans can spend ti...

These hotels to refund 30% VAT

U.S. Rep. Claudia Tenney sought a seat on a prestigious House committee — and she got it.

House Speaker Kevin McCarthy agreed as part of a deal with the Freedom Caucus to allow a vote on a bill levying a "Fair Tax."

Making lasting connections matters.

Within the framework of the Belarus-Russia Union State agreements in the field of tax and customs control, it is important to develop common...

Here’s how income taxes hit an IRA that is payable to a trust when the owner dies.