Multinational companies need to assess the potential risks of a foreign tax strategy and the potential impact on the financial statement if the strategy is challenged.
It has always been appropriate to organize business transactions to minimize a company's tax burden.
This time around, the Gordons aren't taking any chances, They am consulting with their tax
professional on an end-of-year tax
strategy to ensure that they don't get ensnared in the AMT trap again.
The granddaddy of all global tax
proposals, the currency transaction tax
(CTT) or "Tobin tax
," was first proposed by Yale economist James Tobin in the 1970s.
But, as Figure 2 shows (utilizing data published every April by the Tax
Foundation), charting the 20th century's tax
burden as a percentage of income yields a trend line that is startling, if not quite as steep.
While this may come as no surprise to those of us in the industry, what has raised a few eyebrows is the cutting edge appearance of the State Historic Rehabilitation Tax
Credit that can be combined with the federal tax
credit on the same project.
withholding, whereby employers deduct from our gross pay an estimate of the federal and state income taxes
On the Valencia couple's wish list are tax
breaks for parents, tax
cuts that lower the cost of living and a tax
benefit for homemakers.
Liquid Engines, the leading provider of enterprise-class corporate tax
management software, today announced its patent-pending international Dividend Optimizer at the Tax
Executives Institute's 56th Mid-Year Conference.
Reagan's budget and tax
cuts were finished by August, as was Clinton's vast budget package.
Executives Institute (TEI) commends the Standing Committee for holding pre-budget consultations again this year.
123(R) requires companies to use deferred tax
accounting for employee stock options.
CalCPA's annual Tax
Season Toolkit is here to help.
1(g) (the kiddie tax
) are designed to minimize the family income tax
advantage obtained when (1) parents gift assets to a child, (2) the investment income is taxed
at the child's lower income tax
rates and (3) family wealth increases.
During the 1990s, tax
practitioners at national and international CPA firms concentrated on selling tax
planning strategies that affected their clients' financial statements, either through a reduction in the income tax
provision or an increase in pretax income.