The government may introduce a new tax regime for the Compressed Natural Gas (CNG) stations in the upcoming budget, replacing the existing sales tax/income collection mechanism due to poor collection from this potential sector. It was learnt on Thursday that the budget-makers are examining proposal to rationalise tax rates for the CNG stations in budget […]
Mixed Feelings About American Tax Rebate Stimulus
The U.S. income tax rebate, intended to stimulate the snail’s pace economy that has emerged as consumer confidence has been beaten down to its lowest level since 1982, begins getting into the hands of people in 120-130 million American households today. The federal government’s hope is that people will spend the money on things that […]
Hollywood Actor Wesley Snipe Sentenced for tax-return default
Wesley Snipe was sentence to three years in prison for failing to file his tax-returns for a period of five years from 1999 to 2004 by a Federal Judge in Miami. The case against him was that he had sought to evade paying more than $15 MILLION in taxes to the Internal Revenue Services (IRS). […]
Actor Snipes Found Not Guilty of Tax Fraud
Actor Wesley Snipes has been found not guilty of tax fraud and conspiracy charges, but was convicted on three misdemeanor counts of failing to file a tax return. Snipes and two co-defendants, a de-licensed accountant and a tax protest leader, were indicted in 2006. Snipes was also indicted on six counts of willful failure to […]
Simple Steps to Get Approved for a Business Loan in the Era of Low Approval Rates
The Great Recession took its toll on businesses around the world. It made it increasingly more difficult for businesses to get loans. Banks, credit unions and other financial institutions have been much more hesitant to lend money to companies without the right actuarial data. The credit crunch has eased a bit, but some experts are […]
5 Things You Can Do to Get a Business Loan When You Have Bad Credit
All businesses start off on a clean slate without credit. However with time, some businesses find themselves wallowing in bad credit business loans. Bad credit occurs when businesses owners fail to make the right choices with respect to credit as well as other financial accounts. Such choices include failing to make timely payments on bills, […]
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