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Chart 2: Wealthy Taxpayers Rely Less on Wage and Salary Income Than Any Other Income Class Chart 3: Changes In Tax Rates Have Little Effect on Revenues Chart 4: Rich Pay More Following 1920s Tax Cuts Chart 5: Rich Paid More Under 1960s Kennedy Tax Cuts Chart 6: Reagan Tax Cuts Generated 31% More Tax Revenue From the Wealthy Chart 7: Higher Tax Rates, Lower Revenue Introduction One of the most important fiscal policy debates developing in this election involves the question of whether changes in tax policy have "supply-side" effects. In other words, will lower tax rates increase economic growt...

House passes bill to update 529 College Savings Plan OKLAHOMA CITY — A bill that updates allowable uses for qualified higher education expenses under the Oklahoma 529 College Savings Plan passed the House on Tuesday with a vote of 95-0. House Bill 1962, authored by Jadine Nollan, R-Sand Springs, aligns the state’s language with the federal government’s definition. Nollan said the bill was a request bill by State Treasurer Randy McDaniel, a former House member. She said the federal government expanded the definition of allowable uses under Section 529 of the Federal Tax Code ove...

To print this article, all you need is to be registered or login on Mondaq.com. El Decreto 991/20 publicado el pasado 15 de diciembre reglamentó la Ley de Góndolas 27.545 (la "Ley", objeto de nuestra novedad legal del 3 de abril, disponible aquí). A continuación sus principales disposiciones. Se designa a la Secretaría de Comercio Interior (la "Secretaría") como Autoridad de Aplicación, con facultades para el dictado de normativa complementaria y aclaratoria No incluye el listado actualizado de los productos alcanzados agrupados por categorías, aunque anticipa ...

[co-author: Iván Andrade Castelán] On November 12, 2020, the Federal Executive filed before the Chamber of Deputies of the Congress of the Union the “ Initiative of the Federal Executive that reforms, adds and derogates various provisions of the Federal Labor Law, Social Security Law, Law of Employees Housing Fund Institute, Federal Tax Code, Income Tax Law and Value Added Tax Law.” To date, this proposed amendment is still under discussion and review. Notwithstanding the proposed federal legislation, at the local level additional schemes to regulate outsourcing have been developed. In ...

[co-author: Andres Armida , external consultant] On November 11, 2020, the President of Mexico submitted a bill proposing the amendment of the Federal Labor Law, Social Security Law, National Workers’ Housing Fund Institute Law, Federal Tax Code, Income Tax Law, and Value Added Tax Law (the “ Presidential Bill”). In summary, the Presidential Bill intends to forbid subcontracting/general outsourcing of employees. In general, the bill can be dissected as follows: Outsourcing/subcontracting - Safe for the rendering of specialized services or works, the arrangements through which an indivi...