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US Court Discredits UK Windfall TaxCFO.com MagazineIt is likely to reach net gain if and only if the tax satisfies each of three requirements: the “realization requirement,” the “gross receipts requirement,” and the “net income requirement.” The realization requirement is that the tax is imposed on or … and more »...

Deming senator is pushing tax reformSanta Fe New Mexican.comJohn Arthur Smith often compares New Mexico's gross-receipts tax to Swiss cheese. He is referring to all the tax breaks — exemptions, deductions and credits — that make the statewide levy as holey as, well, Swiss cheese....

Washington City Paper (blog) DC's Found MoneyWashington City Paper (blog)Much of the reason for the extra bounty lies in an extra $97 million in income and franchise taxes than the CFO had earlier anticipated. The District can thank a stronger-than-expected stock market and corresponding capital gains tax revenues for much … and more »...

Lakewood Councilman Fires Back at Sen. Mike Carrell's Sewer Franchise Fee Op-EdPatch.comThese sewer improvements are being transferred to the Pierce County Sewer Utility for operation in exchange for a 6 precent franchise fee. If the City were to operate its own sewer, it would set rates and charge sewer related taxes and fees, … and ...

Remodel PECO, save public scholarshipsCentral Florida FuturePECO funds are supported by the Gross Receipts Tax, a tax on electric, telephone and cable bills. With the poor housing market in Florida and the advent of cellphones, the Gross Receipts Tax has been unable to sustain itself, and Florida economists are …...

Rural electric co-ops try to hold down taxesAberdeenNews.comIt would limit the growth of taxes paid by cooperatives for schools. The measure, SB 123, now goes to the full Senate for consideration as early as Tuesday afternoon. The co-ops for decades have paid a tax on their gross receipts from electricity sales …...

TheDigitel Surprise from Amazon.com: You owe state taxesWPDEThousands of South Carolinians are being notified of taxes they owe on items they bought from online retailer Amazon.com. The state calls it a use tax, which means it's a sales tax levied on items bought outside the state. The state calls it a use tax, …Shop Amazon.com ...

Bloomberg BNA State Tax Advisory Board Members Offer Analysis on Contentious …MarketWatch (press release)30, 2012 /PRNewswire via COMTEX/ — Members of the Bloomberg BNA State Tax Advisory Board and other state tax experts convened recently to discuss critical state tax issues impacting businesses across the country. Their insights and views are contained … and more »...

Kansas City Star An absurd charade on corporate taxesKansas City StarBy E. THOMAS McCLANAHAN President Barack Obama praised Master Lock for bringing jobs back to the United States, but to spur more investment he should press for lower corporate taxes. I read President Obama's State of the Union address last week.The Coming Corporate-Tax ScrumBarron’s all ...

State tax changes will impact local governmentsNewton KansanBy James Jordan Local officials are watching nervously as various tax and funding plans are being floated around in Topeka. Cuts in taxes at the state level, whether income or sales tax, could cause budget shortfalls at the school board or city level. and more »...