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Sales Within Free Trade Zone Exempt From Brazilian Welfare Taxes, Court Says
Posted March 29, 2012 by TaxAnalysts®
Brazil's Superior Court of Justice (STJ) recently ruled that intrastate sales within the Manaus Free Trade Zone (ZFM) are equivalent to exports and are therefore exempt from the P.I.S. (the Program for Social Integration contribution) and COFINS (t…
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View all the federal, state and international tax news headlines for March 29th from TaxAnalysts® on LexisNexis Tax Center
Posted March 29, 2012 by TaxAnalysts®
View all the federal tax news headlines for March 29th from TaxAnalysts® on LexisNexis Tax Center
View all the state tax news headlines for March 29th from TaxAnalysts® on LexisNexis Tax Center
View all the international tax news headlines for …
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IRS and OECD Separately Address Transfer Pricing Issues
Posted March 29, 2012 by AICPA.Org Tax Adviser
The IRS announced a reorganization of its advance pricing agreement (APA), mutual agreement, and competent authority programs into one new program.
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TIGTA Calls for Improvements to IRS Volunteer Tax Prep. Program Database
Posted March 28, 2012 by AICPA.Org Tax Adviser
TIGTA reported on its study of the IRS’s monitoring of volunteer tax preparation services.
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Solicitor General Urges Supreme Court to Uphold Mandate Under Taxing Power
Posted March 28, 2012 by TaxAnalysts®
If the individual healthcare mandate in section 5000A can be construed in a way that allows it to be upheld under the taxing power, the Supreme Court has an obligation to do so, Solicitor General Donald B. Verrilli Jr. said in oral arguments Marc…
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Iowa Senate Subcommittee Approves ‘Amazon’ Law
Posted March 28, 2012 by TaxAnalysts®
An Iowa Senate subcommittee on March 27 gave initial approval to legislation (SF 2309) that would create nexus rules aimed at requiring Amazon.com and other online retailers to collect sales taxes. Similar to bills under consideration in New Jerse…
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IRS Stepping Up Its Game on Transfer Pricing and Audits of Multinationals
Posted March 28, 2012 by TaxAnalysts®
Despite possible cutbacks in the IRS's budget, the agency continues to devote resources to international tax issues in audits of multinational corporations, practitioners said during a March 27 webcast sponsored by PricewaterhouseCoopers LLP. …
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View all the federal, state and international tax news headlines for March 28th from TaxAnalysts® on LexisNexis Tax Center
Posted March 28, 2012 by TaxAnalysts®
View all the federal tax news headlines for March 28th from TaxAnalysts® on LexisNexis Tax Center
View all the state tax news headlines for March 28th from TaxAnalysts® on LexisNexis Tax Center
View all the international tax news headlines for …
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Ryan Would Shift the Fiscal Burden to Low and Middle-Income Households
Posted March 27, 2012 by William Gale
The budget proposal House Budget Committee Chairman Paul Ryan (R-WI) released last week is, essentially, an effort to have low- and middle-class households bear the entire burden of closing the fiscal gap and bear the costs of financing an additional tax cut for high income households. The Tax Policy Center (which I co-direct) analyzed the [...]
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Tax Policy in the Wrong Direction: Eliminating or Reducing State Income Tax
Posted March 27, 2012 by Elaine Maag
Oklahoma, Nebraska, and my home state of Kansas are debating proposals to sharply reduce or eliminate their personal income tax. That raises important questions about how they’ll make up the revenue. And it’s bad news for low-income families, who may end up paying higher taxes and losing critical safety net programs. In 2009 (the latest [...]