Tax haven

Introduction The US tax policy has created controversy among the presidential candidates vying for the 2016 elections. Democrats consider the current tax code as the basis of the conflict over income inequality. In the perspective of the democrats, the best way to tackle the issue is to reform the tax code in order to compel the wealthy to pay more. Accordingly, this will ease the tax burden on those who earn less. The republicans on the other side believe that tax cuts should be administered to

I, Thomas Jefferson, am against the bill for the adoption of a national bank designed along the lines of the Bank of England. The U.S. bank would prevent the improvement of state banks as a result of its exceptional powers and benefits. I think states ought to sanction banks that could issue cash. A national bank would be much more help to rich representatives in urban communities than to agriculturists in the nation. The national bank would be controlled by affluent investors and would assist those

Governor of New Jersey, Chris Christie signed a bipartisan legislation regarding all public employees four years ago. This plan was designed so that public employees would give up all of their benefits and in doing so, the state will use that money to make payments into the pension system. But, when New Jersey’s economy was struggling, Christie cut the payments that were meant for the pension fund so that he could balance the state’s budget with that income. This made the pension system far worse

divorce decree executed May 1, 2014, Ahmed transferred a house worth $650,000 to his ex-wife, Farah, and was to make alimony payments of $3,000 per month. The property has a tax basis to Ahmed of $300,000. a. How much of this must be reported on Farah's tax return? $3,000 per month of alimony payments is what Farah must report on her tax return. b. Of that amount, how much is taxable gain or loss that Farah must recognize related to the transfer of the house? The transfer of the house to Farah is a property

Dumping is, in general, a situation of international price discrimination, where the price of a product when sold in the importing country is less than the price of that product in the market of the exporting country. Since 1897, the U.S. effectively has had antidumping laws on the books, and these laws have enabled the U.S. government to punish firms in other countries that send subsidized exports to the U.S. which is Countervailing Duty Law of 1897, 19 U.S.C. 1303 U.S. In addition, the Antidumping

“To what extent do you think the U.S.-Canadian magazine dispute was motivated by genuine desires to protect Canadian culture?”(Uopeopleedu, 2016) Evidence for the protection of Canadian culture can be traced back to the 1920’s when the Canadian Government first imposed protective tariffs on foreign magazines, some 45 years before the Canadian Magazine dispute began. The Canadian Government believes that production of Canadian magazine provides a touchstone for national identity. (Uopeopleedu, 2016)

and services category. There are a substantial number of tax return preparation firms and accounting firms offering tax return preparation services, and HRB is not immune to the competition. They face significant competition from independent tax preparers and certified public accountants. Many tax return preparation firms are involved in providing electronic filing services and refund transfers or similar services to the public. Commercial tax return preparers are highly competitive with regard to

Did you know that the government of the United States is 19.5 Trillion dollars in Federal debt? That’s an estimate of $55,700 of Federal debt for each man, woman and child in the country. Now because kids don’t pay taxes, the number is even higher, around $60,000 or more. But, what is it then that makes men, corporations and even entire nations to fall into this wretched hole called debt. That is what I will try explain some of the mistakes we commit the lead us into what seems an everlasting debt

The first four months of every New Year signify tax season. This is a stressful time of year due to family and workplace commitments. Therefore, get a head start on tax filing by knowing the benefits, restrictions, and solutions to tackle tax season 2017. Benefits This tax season is a blessing for procrastinators. The deadline has extended from April 15th to April 18th. This is due to April 15th being a Federal Holiday (Emancipation Day). The standard deduction for Head of Household increase

Now let's move on to a discussion about exceptions and exemptions. Federal regulations provide three types of exceptions – full statutory and partial statutory exemptions for subdivision oversight and regulatory exemptions which permit exceptions for individual lots. Lets look briefly at a few exemptions. There are many real estate transactions that fall under this category. We will cover a couple here. First, small subdivisions with fewer than twenty-five lots are generally eligible for full