[T]he reality is that Clinton favors strengthening the already-tough regulations on Wall Street created by Dodd-Frank, by levying a risk fee on the largest banks and tightening the Volcker Rule. Trump, on the other hand, proposes “close to dismantling of Dodd-Frank,” which, he claims, “has made it impossible for bankers to function.” One doesn’t need to personally trust Clinton to know she will be “tougher” on Wall Street than her opponent. For Clinton, the political price of repealing the Consumer Financial Protection Bureau and Dodd-Frank’s other reforms is immense — she would lose the support of an enormous swath of her party’s base. This is not the case for Trump, who has lost none of his base since calling for a moratorium on financial regulations. … [Read more...] about Trump’s Tax Avoidance Was Perfectly Legal. That’s Why It’s an Issue.
Line 207 tax return
The association said it was not possible for assessing officers (AOs) to furnish a daily report for daily collection of current/arrear demand or applications received under the Vivad se Vishvash Scheme as the contact information of assessees/defaulters was not available at homes of the officers.Also, the officers did not have access to the ITBA platform. … [Read more...] about Tax dept. asks officers working from home to chase large taxpayers for dues
As business owners shut their doors and lay off staff across the country in the wake of drastic COVID-19 restrictions, Prime Minister Scott Morrison said Governments were thrashing out the details of measures to save businesses from going under during the crisis. … [Read more...] about ALL Australians returning from overseas to be forcibly quarantined in isolation hotels under military guard before being allowed back in their homes to stem the spread of deadly coronavirus
Akron, Ohio, March 27, 2020 – The City of Akron is extending its deadline for filing individual and business income tax returns to July 15, 2020. In light of the COVID-19 pandemic emergency, the federal government moved the federal income tax filing deadline to July 15, 2020. The State of Ohio has also extended its deadline to July 15, 2020 by action of the Tax Commissioner of the State of Ohio and Ohio House Bill 197, which was signed by Governor Mike DeWine today. … [Read more...] about City Of Akron Extends Income Tax Filing Deadline To July 15
This orthodoxy has been swallowed by all the main political parties. It has led to the slashing of corporation tax rates, so that Britain has a lower corporation tax rate than the US, Japan or Germany. It has encouraged devolved administrations in Holyrood and Cardiff to disburse millions to big companies, without demanding much in return. The result has been fiscally disastrous. As this research shows, of the 44 companies that received more than £1m in government grants between 2005 and 2011, 13 paid no corporation tax at all; a further 17 did not pay any corporation tax either the year before or the year that they received public money. … [Read more...] about Direct aid, subsidies, tax breaks – the hidden welfare budget we don’t debate
In 2012, Amazon was attacked by MPs on parliament’s public accounts committee for avoiding UK tax. Yet in the same period, the online retailer was awarded £16.5m in grants by the administrations of Scotland and Wales to help build distribution centres. To link the Wales plant to the transport network, the Welsh assembly built the mile-long “Ffordd Amazon road” at an additional cost of £3m. … [Read more...] about The £93bn handshake: businesses pocket huge subsidies and tax breaks