Indian tax officials stepping up claims against foreign companies commanded mobile phone company Nokia to pay 20.8 billion rupees in unpaid taxes. The order comes as Asia’s third-largest economy is uncompromisingly tracking tax claims against foreign companies to curb budget deficit and prevent a downgrade in its credit rating. In February, Mobile Phone Company objected to tax officials entering […]
Project Cancelled But Taxpayer Dollars Kept By Local Government
The government of Nassau County, New York on lovely Long Island USA (where I live) is seeking to amend its HUD (US Department of Housing & Urban Development) approved Section 108 loan to rellocate $850,000 in Section 108 funds from the Memorial Economic Development Corporation (MEDC) to the Glen Cove Community Development as the planned […]
BD Government to allow Tax returns submission online
Tax payers in Bangladesh will be able to submit their tax return papers online this year as the government moves to set up a "totally digitalized" revenue system, the finance minister said in a press briefing. "It will make the process of paying tax easier and curb corruption," said AMA Muhith after a meeting with […]
Fiji Government Raises Income Tax Threshold, Lowers Trade Duties
Acting Finance Minister Filipe Bole of Fiji’s interim government has announced that his Department has raised the nation’s minimum income tax threshold from $9000 to $15,000 (U.S.), a move which is getting mixed reactions from economists. The new cut-off for income taxation goes into effect on June 1st. The intent of the action is to […]
What to Do When You Can’t Afford Your Taxes
Tax season can be harrowing, especially for those that find they owe the IRS money. If you can’t tackle your tax bill in its entirety this tax season, don’t give up. There are options, but they take strategic planning and a bit of elbow grease. Let’s get started. File Your Tax Return Anyway Tax deadlines […]
Social Security Disability and Student Loan Relief: A Taxing Problem
An article published in the Los Angeles Times highlights the fact that 387,000 disabled Americans throughout the country are eligible for student loan relief. However, despite their eligibility for relief, the Internal Revenue Service (IRS) has failed to do its part to ensure that these Americans are helped, rather than penalized, if student loan relief […]
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