German taxman aims to buy more Swiss bank data A German tax inspector is in talks to buy banking data from Switzerland to help his office identify tax evaders, a magazine reported on Saturday - days after the two countries signed a landmark deal on taxing secret deposits. Read more at: Tax Times blog
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Your 2011 Tax Return Shows an Amout Due and You Can't Pay?
A woman dressed as the Statue of Liberty waves to attract people to a tax office in Miami April 14, 2008. Credit: Reuters/Carlos Barria It's one of the worst tax scenarios: You discover while doing your taxes — or you just know without even doing them —that you owe taxes, and you don't have the cash.…
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Companies use popular provision to avoid income taxes
Reuters - More than two dozen Fortune 500 companies paid no U.S. federal income taxes in recent years partly because of a corporate tax break that is broadly supported by Republicans and Democrats alike, a consumer group said on Monday. Read more at: Tax Times blog
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Florida – New Tax Bills Gives Tax Breaks to Businesses
Florida Gov. Rick Scott (R) April 6 signed several tax break bills, including a measure (H.B. 103) that could exempt buyers of a business from the tax liabilities of sellers. Specifically, H.B. 103 allows a new owner to take a business without assuming the seller's liabilities if the buyer receives a certificate of compliance from…
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