
	Where results make sense

Topic: Tax avoidance

Related Topics

United Kingdom corporation tax

Tax exemption

Canadian airspace

Verdict of Twelve

Gaia theory (science)

Kermit Roosevelt III

Sredni Vashtar

Michigan

Caspar Wistar (physician)

Flint, Michigan

Katalin Szili

President of Zimbabwe

In the News (Wed 16 Dec 09)

Northern Trust

Marvin Harrison

Peter Chernin

Gary Locke

Match Play

Penelope Cruz

Mickey Rourke

AR Rahman

Danny Boyle

Hugh Jackman

	Progressive tax - Wikipedia, the free encyclopedia
		A progressive tax, or graduated tax, is a tax that is larger as a percentage of income for those with larger incomes.
		The differential in the higher rates of tax between the U.S. and Europe are cited as a factor in the "brain drain" of high-earners to America in the 1960s, and is considered an important influence on modern "economic migration".
		Tax neutrality refers to whether similar things are taxed in similar ways; if for example taxes on gasoline and diesel are different then this will probably lead to a distortion in demand between the two fuels.
	en.wikipedia.org /wiki/Progressive_tax (2507 words)

	Tax evasion -- Facts, Info, and Encyclopedia article (Site not responding. Last check: 2007-10-09)
		Tax evasion, on the other hand, is a ((criminal law) an act punishable by law; usually considered an evil act) crime in almost all countries and subjects the guilty party to (Money extracted as a penalty) fines or even (The act of confining someone in a prison (or as if in a prison)) imprisonment.
		Some tax evaders see their efforts to evade taxation as based upon novel legal theories: these individuals and groups are sometimes called (additional info and facts about tax protester) tax protesters.
		Controversially, in the 2004 (A sum of money allocated for a particular purpose) Budget, it was announced that 'promoters' and users of certain tax avoidance schemes would be required to disclose details of the schemes to the (A board of the British government that administers and collects major direct taxes) Inland Revenue.
	www.absoluteastronomy.com /encyclopedia/t/ta/tax_evasion.htm (807 words)

	Capital Gains Taxation and Tax Avoidance: New Evidence from Panel Data:
		Poterba (1987) shows that successful use of capital gains tax avoidance strategies should lead investors to be in the vicinity of region C and to stay there over time, but most investors he observed did not appear in region C. Recent press reports indicate that this might have changed, however.
		Thus, variables that are associated with tax avoidance not only by contributing to presence in region C but also to longer duration in region C would have a positive sign in Table 3.6 but a negative sign in Table 3.7.
		This is because the tax rate on long-term capital gains in region B equals the tax rate on ordinary income, which after the 1990 Act exceeded the statutory rate on long-term gains for higher-bracket taxpayers.
	www.urban.org /urlprint.cfm?ID=8214 (10718 words)

	Legal Tax Avoidance vs. Criminal Tax Evasion
		The decline in tax revenue through the increase in international tax planning is indeed of great concern for many governments.
		It is the increased use of offshore tax free companies and secretive offshore banking by the general populace that is a major headache for the avaricious high-tax regimes, and not offshore money laundering as they claim.
		Quite predictably, a popular tactic currently in use is to create confusion and blur the line between legal tax avoidance and criminal tax evasion, thus scaring prospective clients of offshore havens into falling back into line.
	www.offshore-fox.com /financial-privacy/offshore_banking_0102.html (909 words)

	Laws 4 India - Double Tax Avoidance Agreement - Supreme Court Rulings
		The purpose of this Agreement, as specified in the preamble, is “avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains and for the encouragement of mutual trade and investment”.
		Tax treaties generally contain a provision to the effect that the laws of the two contracting States will govern the taxation of income in the respective State except when express provision to the contrary is made in the treaty.
		The OECD commentary on article 4, defining ‘resident’, says: “Conventions for the avoidance of double taxation do not normally concern themselves with the domestic laws of the Contracting States laying down the conditions under which a person is to be treated fiscally as “resident” and, consequently, is fully liable to tax in that State”.
	www.laws4india.com /indiantaxlaws/dtaa/dtaa-judgements1.asp (10675 words)

	Amazon.com: For Good and Evil: The Impact of Taxes on the Course of Civilization: Books (Site not responding. Last check: 2007-10-09)
		This sweeping anecdotal survey of taxes through the ages aims to support the author's libertarian attacks on the current U.S. tax system and his call for a flat tax of 10% to replace the current income tax system.
		Tax attorney Adams (Fight, Flight, Fraud: The Story of Taxation) considers taxation a vital force in molding history; his discussions of civilizations ranging from that of ancient Greece to the French ancien regime are sometimes intriguing.
		Moreover, his argument that low taxes were crucial to the "miracle economies" of Asia is simplistic; still more glaring is his failure to assess the impact of the Reagan administration's tax policies.
	www.amazon.com /exec/obidos/tg/detail/-/1568330243?v=glance (1718 words)

	Exhibit: Tax Protestor Dummies
		The Tax Scam Artist's Lie: Taxpayers are not required to file a federal income tax return, because the instructions and regulations associated with the Form 1040 do not display an OMB control number as required by the Paperwork Reduction Act.
		Tax evasion promoter who established exempt organizations for individuals was liable for the fraud and failure-to-file penalties, and on its own motion, assessed the maximum section 6673 penalty for abuse and delay.
		Argued that as a "white, natural born, state citizen," the income tax does not apply to him, that he is not a "person" or a "resident," and that the district court lacked jurisdiction.
	www.quatloos.com /taxscams/cm-taxpr.htm (2448 words)

	IRS, States Move Forward in Fight Against Abusive Tax Avoidance
		Tax Practice and Policy and Tax Shelters Practical and Practice issues for Professionals who practice in the area of taxation.
		Under the terms of this 2003 initiative, taxpayers came forward, amended their returns, paid taxes, interest and penalties and furnished the IRS with information regarding the person who promoted the offshore arrangements to them.
		State tax administrators will be able to make use of the information voluntarily given by taxpayers to the IRS.
	www.quatloos.com /fight_against_tax_avoidance.htm (871 words)

	ITEP Corporate Study Press Release 2000
		Many of the country's biggest corporations are once again paying little or nothing in federal income taxes, according to a study released today by the Institute on Taxation and Economic Policy, which collaborated on a number of widely-publicized analyses of corporate taxes in the 1980s.
		But instead, tax breaks for the 250 companies lowered their taxes by $26.9 billionin 1996, $31.8 billion in 1997 and $39.3 billion in 1998, for a total of $98 billion in tax savings over the three years.
		Microsoft led the pack with $2.7 billion in stock-option tax benefits--reflecting the fact that stock option tax benefits are dependent on how much a company's stock has gone up in value, and thus the tax savings were especially large in high-tech industries whose market valuations zoomed during the three-year period.
	www.ctj.org /itep/corp00pr.htm (1162 words)

	Tax Shelter Updates
		The IRS partnership with state tax administrators had uncovered tens of millions of dollars in abusive transactions by early June 2004.
		The tax administrators of Australia, Canada, the United Kingdom and the United States have created a joint task force to coordinate the fight against abusive tax transactions.
		Tax avoidance promotions to beware — the penalties, interest and legal costs associated with getting involved with them may be significant.
	www.irs.gov /newsroom/article/0,,id=110172,00.html (490 words)

	Treasury Secretary Paul O'Neil Confuses Tax Avoidance versus Tax Evasion by Richard Salsman, CFA -- Capitalism Magazine (Site not responding. Last check: 2007-10-09)
		Summary: O'Neill evades the fact that anyone who accesses a tax haven and alters the jurisdiction under which he'll be taxed merely engages in tax avoidance (legal), not tax evasion (illegal).
		I am troubled by the underlying premise that low tax rates are somehow suspect and by the notion that any country, or group of countries, should interfere in any other country's decision about how to structure its own tax system.
		O'Neill evaded the fact that anyone who accesses a tax haven and alters the jurisdiction under which he'll be taxed merely engages in tax avoidance (legal), not tax evasion (illegal).
	capmag.com /article.asp?ID=1856 (1459 words)

	The Epoch Times \| Australia Announces Large Fines for Tax-Avoidance Schemes (Site not responding. Last check: 2007-10-09)
		The hard line approach against investment schemes designed to “rip off” the tax system was prompted by the growing concern from the Department of Treasury, as billions of dollars are been lost.
		Early steps to combat tax avoidance scams were made by the Australia Taxations Office in late 1990s, when dubious investments mushroomed to more than $4 billion.
		Last month, a Senate committee was told about 60,000 people were hit with tax bills as high as $50,000 after investing in these mass-marketed sham tax schemes and about 2,000 Australians were still paying off fines imposed in the late 1990s for taking part in tax-avoidance practices.
	english.epochtimes.com /news/5-3-4/26770.html (356 words)

	Professor McIntyre's Website
		Despite some tax changes slightly lowering taxes on average families in the short run, three-fifths of Bush’s proposed tax reductions for this year would go to the best-off 10 percent of all taxpayers.
		The tax fraud lobby rose as one to oppose the move, and the Bush Treasury has now issued new proposed regulations that gut the prior Treasury initiative.
		Pointing to a tax shelter that KPMG sold to WorldCom during the 1990s, which the states describe as a "sham," the states contend that the accounting firm isn't sufficiently disinterested to act as WorldCom's external auditor or tax adviser.
	www.law.wayne.edu /mcintyre/in_the_news.htm (6313 words)

	js-1066: Treasury Issues Rules To Increase Transparency and Halt Abusive Tax Avoidance Transactions
		Under the final regulations, for purposes of the imposition of penalties, a taxpayer’s failure to disclose an abusive tax avoidance transaction is treated as a strong indication that the taxpayer acted in bad faith with respect to any additional tax owed as a consequence of the transaction.
		The revisions are intended to reduce unnecessary paperwork for taxpayers and advisors and to allow the IRS to focus its attention on transactions with potential for abusive tax avoidance, not on transactions for which confidentiality is required for non-tax reasons.
		We urge Congress to pass the legislation the Treasury Department and IRS proposed in March 2002 to deter abusive tax avoidance and facilitate the upfront identification of questionable transactions,” concluded Assistant Secretary Olson.
	www.treas.gov /press/releases/js1066.htm (1150 words)

	TAX-FREEDOM.COM & PERFECT TAX AVOIDANCE
		Article 1 demands that direct taxes be apportioned and prohibits direct taxation unless apportioned, while the 16th lays the income tax as a tax without apportionment.
		Indirect excise taxes are assumed by those who engage in activities that are made subject to the excise tax, and thus arise the claims that the tax is "voluntary" i.e- must be assumed by (voluntarily) engaging in some taxable activity.
		The income tax authorized by the 16th Amendment MUST be construed as an indirect excise or we have allowed the effective destruction of the Constitution and one of its most important protections against the application of tyranny against the People - unlimited and continuous, arbitrary taxation.
	www.tax-freedom.com /mindex.htm (1367 words)

	AlterNet: How Corporations Operate Tax Free
		Multinational corporations operating one of the biggest tax avoidance scams this country has ever seen are sticking it to the American public.
		If there is one provision in the U.S. tax laws that demonstrates the hypocrisy of some free-traders, it is the subsidy for corporations that move their plants abroad.
		If every nation employed a formula approach then tax administration would be simpler and companies could focus on their business rather than on tax avoidance, which would be good for all concerned.
	www.alternet.org /story.html?StoryID=9464 (3120 words)

	Tim Worstall: International Tax Avoidance.
		But the flip side of such a concordat is that they should pay their fair share of taxes.
		At a time when rising demand for public services such as education and health is clashing with the increasing disinclination of citizens to pay more taxes, there is an urgent need to find more sources of revenue.
		International tax avoidance is the obvious place to start.
	timworstall.typepad.com /timworstall/2005/03/international_t.html (534 words)

	Tax Avoidance (Site not responding. Last check: 2007-10-09)
		An example of her tax avoidance was that she purposefully spent at least 3 months of each year in India so she can fall under their FIRA tax remit rather than pay tax in Italy.
		Another example of tax avoidance that is practised widely in Sahaja Yoga is holding national funds as tax-free trusts.
		Either she is evading tax illegally or she is paying tax that could be avoided by not using her personal accounts and her name (and that of her husband) on the deeds to properties.
	sahajacult.com /archives/tax_avoidance.htm (5424 words)

	TAX HELP
		Long (or anyone else) was even required to file a tax return. This information is given for entertainment only, and not to be construed as an endorsement of any kind to not file your taxes.
		Have a tax question? Use the form below. Your email is confidential and will never be given to a third party. Please read the Disclaimer before submitting a question. Anything posted in the Guestbook is public information and not protected in any way.
		The Tax Reduction Institute is the best resource I know of to reduce your taxes.
	www.legalresearchbydave.homestead.com /tax.html (371 words)

	FINANCIAL & WEALTH PRIVACY - Project Billiard
		Particularly the secretive OECD Fiscal Committee and its Working Party #8 on Tax Avoidance and Evasion (WP8) are the hidden forces behind the long-standing efforts at OECD and the EU in Brussels to "harmonize" - i.e.
		The 1995 OXFORD DICTIONARY defines tax avoidance as "the arrangement of one's financial affairs so that one only pays the minimum amount of tax required by law." (5) And the 1971 WEBSTER'S mentions "the use of merger agreements as a means of tax avoidance" (6).
		Moreover, the German translation of tax avoidance is given by the 1999 DUDEN OXFORD as "Steuerminderung", meaning tax reduction (7), by the 1978 CASSELL'S as "Steuerabschreibung", meaning tax deduction (8), and by the 1999 PONS COLLINS, as "Steuerumgehung", meaning tax evasion (9).
	www.solami.com /hijack.htm (4576 words)

	Multinational corporations
		Another of the classic tax avoidance games that multinational companies play is illustrated by a tax break that goes to the many drug companies and electronics firms that have set up subsidiaries in Puerto Rico.
		Reinstating the tax has been proposed, with a waiver of the tax if a foreign lender supplies the information necessary to report the interest income to the foreign home government.
		President Clinton pledged major international tax reforms in his 1992 campaign,but Congress rejected even the rather timid changes he proposed in 1993.The President's 1997 budget proposes $6.3 billion in international tax reforms over the 1997-2002 period, while congressional tax plans call for about a quarter that much.
	www.ctj.org /hid_ent/part-2/part2-3.htm (1002 words)

	Tax Evasion:About (Site not responding. Last check: 2007-10-09)
		Tax avoidance and evasion have the potential to adversely affect important policy objectives established by governments.
		The best defence against international tax avoidance and evasion is to improve and expand the mechanisms for international co-operation and exchange of information.
		It is through the exchange of experiences that the Working Party is able to develop practices that should enable tax authorities to administer their tax laws in an effective and equitable manner.
	www.oecd.org /about/0,2337,en_2649_33751_1_1_1_1_1,00.html (158 words)

	New York State Department of Taxation and Finance Home page
		The Tax Law was amended to establish a Voluntary Compliance Initiative (VCI) that will be in effect October 1, 2005 through March 1, 2006.
		As of June 1, 2005, the state sales and use tax rate is decreased to 4 percent.
		Corporation Tax information pages for tax law changes or corrections that occurred after the forms and instructions were printed which may affect your tax return.
	www.tax.state.ny.us (406 words)

	AlterNet: Tax Avoidance And A Tan
		U.S. companies are slashing their tax bills by tens, and sometimes hundreds, of millions of dollars by reincorporating themselves offshore.
		Dubbed "tax motivated expatriation" -- which has a nicer ring than "sleazy tax-cheating loophole" -- it's the latest megatrend in corporate America, with more and more U.S. companies reincorporating offshore as a way of slashing their tax bill by tens, and sometimes hundreds, of millions of dollars.
		Even more galling is the fact that many of the same companies that are giving the taxman the finger as they shield themselves with their Bermuda zip codes think nothing of holding out their hand when Uncle Sam is shelling out government contracts.
	www.alternet.org /story.html?StoryID=13153 (1226 words)

	Tax Policy Center \| Publications
		One approach primarily involves spending cuts and smaller government, another relies more heavily on tax increases to support an activist government, and the third suggests a balanced mix of spending cuts and tax increases along with a reallocation of government priorities.
		The essays provide background and historical information; analyze the optimal taxation of estates and gifts; examine the effects of the tax on charitable contributions, saving behavior, the distribution and level of wealth, tax avoidance and tax evasion; and explore the effects of alternatives to estate taxation.
		With tax reform high on the political agenda, this book brings together studies of leading tax economists and lawyers to assess the various reform proposals and examine the effects of tax reform in several distinct areas.
	www.taxpolicycenter.org /publications/template.cfm?Listpubs=true&UTypeID=2 (1332 words)

	Tax Scams - How to Recognize and Avoid Them
		To help the public recognize and avoid abusive tax schemes, the IRS offers an abundance of educational materials.
		Participating in an illegal scheme to avoid paying taxes can result in imprisonment and fines, as well as the repayment of taxes owed with penalties and interest.
		To report information on abusive tax shelters, schemes or unscrupulous tax preparers, the IRS offers several options.
	www.irs.gov /businesses/small/article/0,,id=106788,00.html (201 words)

Try your search on: Qwika (all wikis)