Waukesha County, and its governmental body, has long avoided something all but three Wisconsin counties have approved: a sales tax. But a budget crunch has opened the possibility that the county may step away from its nearly exclusive status in that regard, or else enact other revenue-boosting measures to maintain services that no one wants
In a recent update, Peru’s legislative decree No. 1623 has established new filing deadlines and obligations for non-domiciled taxpayers regarding the General Sales Tax (IGV). These regulations, set to come into effect from October 1, 2024, will impact non-domiciled entities engaged in providing digital services or intangible goods to Peruvian consumers. Key Deadlines and
Pune-based software professional Sanjay Saxena earns well, but also pays a very high tax. This is because his salary structure is not taxfriendly, he doesn’t avail of all the deductions available to him, and invests in tax-inefficient fixed deposits. The leave travel allowance (LTA) is exempt from tax if claimed twice in a block of
Ending special tax treatment afforded to superrich can cover estimated climate finance needs Following the example of Spain’s “featherlight” wealth tax on the 0.5% richest households would see countries raise $2.1 trillion a year globally Evidence shows tax reforms targeting extreme wealth have not resulted in the superrich relocating to other countries On average, just
According to an article in Stateline, measures aimed at reducing property taxes will be on the ballot in at least eight states this November: Arizona, Colorado, Florida, Georgia, New Mexico, North Dakota, Virginia, and Wyoming. The move comes as home market values, which have increased about 50 percent since August 2019, are starting to impact
The IRS announced this week that a special Voluntary Disclosure Program will reopen, allowing businesses that claimed the Employee Retention Credit (ERC) to withdraw their claims and repay part of the credit received. The IRS announcement included a carrot and a stick. The carrot: a promise of closure for businesses and business owners who claimed
After years of sparring over property tax rates, leading Colorado Democrats and conservative activists finally see an offramp from the conflict. To get there, it will only have taken two special sessions, annual short-term bills at the Capitol, multiple threats of ballot measures and a failed attempt to override the Taxpayer’s Bill of Rights. The
Have you thought about your New Year’s plans yet? The holidays are probably far from your mind, but time has a funny way of sneaking up on us. December 31 will be here before we know it. The end of the year marks an important time for retirees: 401(k) contributions are due, required minimum distributions
When the former president Donald Trump first proposed the program he colloquially refers to as “no tax on tips,” I admit that my mind immediately flashed to a famous scene in the charming 1989 romantic teen comedy Say Anything. You remember the moment I’m talking about: In trying to persuade glamorous, college-bound Ione Skye to
OKLAHOMA CITY (KOKH) — Small businesses here in Oklahoma are continuing to feel the impacts of inflation, but experts say there is something Congress can do to help. The NFIB says they are advocating for the Main Street Tax Certainty Act, which would make tax cuts passed by Congress in 2017 that are meant to