Nov 26, 2009
According to the Tax Working Group, a New Zealand Government sponsored think tank, the country’s tax system is unsustainable. The conclusion was presented in the summary paper of the Tax Working Group’s fifth meeting, published November 25th. Growth, fairness and integrity issues – were concluded to be the primary aspects of the problem.The meeting summary [...]
According to the Tax Working Group, a New Zealand Government sponsored think tank, the country's tax system is unsustainable. The conclusion was presented in the summary paper of the Tax Working Group's fifth meeting, published November 25th. Growth, fairness and integrity issues - were concluded to be the primary aspects of the problem.The meeting summary also stated that the country's tax base needs to be broadened for these to be resolved.
The Tax Working Group is a New Zealand government initiated project, involving ... Read More
Oct 21, 2009
Negotiations between the proposed coalition of Germany’s Christian Social Union (CSU), Christian Democratic Union (CDU) and Free Democratic Party (FDP) have reached a framework for future tax cuts. Following a weekend of negotiations, statements were made on Monday the 19th of October, releasing some indications of Germany’s future tax direction. Much detail concerning the agreements [...]
Negotiations between the proposed coalition of Germany’s Christian Social Union (CSU), Christian Democratic Union (CDU) and Free Democratic Party (FDP) have reached a framework for future tax cuts.
Following a weekend of negotiations, statements were made on Monday the 19th of October, releasing some indications of Germany’s future tax direction. Much detail concerning the agreements reached and projections created during the negotiations has been kept secret, but clear indication has been made that all involved parties are dedicated to providing tax ... Read More
Oct 9, 2009
According to latest reports published by Internal Revenue Service (IRS) the government’s tax revenue fell 25%, compare to the same period last year. The corporate taxpayers paid 56% less, while individual taxpayers payed 20% less. Taking in consideration such significant drops, the Congressional Budget Office estimates that only 14.3% of GDP this year will come [...]
According to latest reports published by Internal Revenue Service (IRS) the government’s tax revenue fell 25%, compare to the same period last year.
The corporate taxpayers paid 56% less, while individual taxpayers payed 20% less. Taking in consideration such significant drops, the Congressional Budget Office estimates that only 14.3% of GDP this year will come from the tax collection. Historically, USA enjoys approximately 18% of GDP from tax revenue.
According to experts, the predominant cause behind the tax revenue downfall is the present ... Read More
Sep 30, 2009
The taxation landscape of the US state of California could face unprecedented changes in the near future, seeing the removal of traditional forms of sales and corporate taxation. Arnold Schwarzenegger, Governor of California, has called for a special Legislature sessions to approve the transformation of California’s taxation system. The changes which he seeks to be [...]
The taxation landscape of the US state of California could face unprecedented changes in the near future, seeing the removal of traditional forms of sales and corporate taxation.
Arnold Schwarzenegger, Governor of California, has called for a special Legislature sessions to approve the transformation of California's taxation system. The changes which he seeks to be approved are detailed in a report published on the 29th of September by the Commission on the 21st Century Economy, a fourteen member group appointed by California's Democratic ... Read More
