Tag Archives: taxes

ILN Today Post

Circolare informativa. Flat Tax per non residenti

L’articolo 1, comma 152, della legge 11 dicembre 2016, n. 232 (c.d. “Legge di bilancio 2017”), ha inserito nel TUIR l’articolo 24-bis che, in alternativa alla disciplina ordinaria, prevede un regime fiscale speciale per le persone fisiche che trasferiscono la propria residenza fiscale in Italia a condizione che non siano stati residenti in almeno nove dei dieci periodi d’imposta che precedono l’inizio del periodo di validità dell’opzione.

Il regime opzionale, cui possono accedere anche soggetti residenti nei c.d. stati “black list”, consente di versare un’imposta sostitutiva dell’imposta sui redditi delle persone fisiche per i soli redditi prodotti all’estero (fatta eccezione per le plusvalenze da cessioni di partecipazioni qualificate in soggetti esteri, realizzate entro cinque anni dal trasferimento in Italia) di Euro 100.000.

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ILN Today Post

Still too many

In our traditional beginning-of-year review, we again counted the number of taxes levied in Hungary today. This time we got 59. Although the number of taxes has decreased by one since last year, the scale and structure of the tax system has not changed. In terms of tax revenue generated, VAT continues to top the list, bringing in approximately HUF 3,300 billion in 2016.

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ILN Today Post

States and online retailers continue to battle over sales tax laws

SOUTH DAKOTA

Less than a year ago, we wrote about a taxing provision that South Dakota lawmakers passed in an effort to quell revenue losses attributable to out-of-state internet sellers who do not have enough of a connection, or nexus, with the state to be subject to sales tax collection and remittance obligations. That law, SB 106, effective May 1, 2016, set a threshold of $100,000 of in-state sales, or 200 separate transactions, above which an out-of-state retailer would be required to collect and remit sales taxes.
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ILN Today Post

Florida: Governor vows to never stop fighting for Florida’s families

Last week, on the first day back to work for lawmakers, Gov. Rick Scott gave his state of the state address in which he promised debates over bills and policies, and a new perspective, gained from the state’s heartbreaks. Despite the tragic Pulse nightclub shooting in Orlando, the governor asserted that “the future of our state is even greater than our past accomplishments…” He “resolved to build a society where any child, no matter where they are from, has the opportunity to live their dreams.”
Recognizing the heroism and sacrifice that he witnessed in Orlando, the governor underscored his commitment to public safety, and spotlighted his $6 million recommendation for counterterrorism efforts this year. Gov. Scott next highlighted the state’s booming economy, touting the fact that lawmakers have cut taxes 55 times, “saving families $6.5 billion.” Pledging to do more, he will be “fighting to cut taxes by $618 million to cut costs for small businesses, students, veterans, teachers and families.”
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ILN Today Post

Oregon: Ideas for two new taxes on the table to close $1.8 billion deficit

The state of Oregon is one that has been taking unique steps as it grapples with deficits and increasing economic inequality. For instance, we recently described the first-in-the-nation surtax on CEO compensation that Portland’s City Council passed on December 7, 2016. Before that, we explained Measure 97 on the November 2017 ballot that would have removed the cap on corporate gross sales tax and imposed an additional 2.5 percent tax on corporate gross sales that exceed $25 million. Had it passed, Oregon would have had the highest top rate in the nation. And earlier last fall, we addressed an initiative that gave eight states, including Oregon, federal grants to test new ways to fund transportation infrastructure. Under the Surface Transportation System Funding Alternatives, Oregon was to receive $3.6 million.

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New York: Controversies over the governor’s tax plans take shape

In Gov. Andrew Cuomo’s 2018 Executive Budget, the Budget Director touted the state’s “prudent fiscal management,” the features of which are constrained expenditures, lower taxes, economic stability, governmental innovation, and monetary discipline. This has generated a turnaround in New York’s circumstances such that it now enjoys the second-highest or highest investment-grade credit ratings on various bonds, record level support for schools, cost-effective health care, and expanded opportunities for the middle class.

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Talking Tax – Issue 67

State Revenue Legislation Amendment Bill 2017

The State Revenue Legislation Amendment Bill was introduced into New South Wales Parliament on 23 February 2017. According to the explanatory note, the Bill proposes to amend several Acts to give effect to duty, payroll tax, and land tax reforms.

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Do You Have A Will?

If the answer is “no,” a recent survey shows that you are not alone.  Only only 4 in 10 American adults have a will a will or trust in place.  While older Americans are more likely to have a plan in place (81 percent of those age 72 or older and 58 percent of boomers), younger Americans, including those at ages with minor children, are much less likely to have a plan.  A “a whopping 78 percent of millennials (ages 18-36) and 64 percent of Generation Xers (ages 37-52) do not have a will.”  See this AARP article for more information about the survey results.

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ILN Today Post

Illinois: State Supreme Court determines that Chicago’s tax on suburban car rentals is unconstitutional

In the case The Hertz Corporation v. The City of Chicago, the Illinois Supreme Court reversed the lower court’s conclusion, thus holding that the Personal Property Lease Transaction Tax that the Windy City imposes on suburban vehicle rental agencies located within three miles of Chicago’s borders is unconstitutional.

BACKGROUND

In May 2011, 0fficials issued Ruling 11, which established that as of July 1, 2011, Chicago’s Department of Revenue (Department) would hold suburban rental agencies responsible for paying the Personal Property Lease Transaction Tax, in the absence of written proof that the lessee was exempt from paying the tax. Exemption was available if the lessee used the vehicle outside the City of Chicago. Without written proof, the default assumption was that a customer who is a resident of Chicago would be driving the vehicle there, and that a non-resident lessee would be using the vehicle outside of the city.
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Beskatning af “fiktiv” løn og leje!

Dom fra sidste år viser, at man kan blive beskattet af beløb, man ikke selv mener at have modtaget.

Det er givetvis almindeligt kendt for de fleste, at man som fuldt skattepligtig til Danmark skal beskattes af de økonomiske formuefordele, man oppebærer. Hvordan den økonomiske formuefordel fremtræder – om det er kontanter, naturalier eller andet – er underordnet. Får man en formuefordel, indtræder der beskatning af den person, der oppebærer det.

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