Tax Law Blawgs

Tax law blog posts written by tax lawyers and law firms.

IRS Scheme for Non-resident Tax Payers to Clear Dues

by lawfirm January 3, 2013 Tax Law

Non-resident taxpayers of the United Sates often fail to file their tax returns timely. Failure to pay tax on time can result in serious consequence apart from that the tax debt accumulates over time. The Internal Revenue Service (IRS) is aware that the US citizens dwelling abroad usually failed to pay their tax on time. […]

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Behind the IRS audits

by Lilly January 2, 2013 Tax evasion

(US Law) An IRS audit is an investigation of your finances and tax returns by US authorities in order to verify the correct amount of your taxes. IRS audit can be intimidating for most of the people. You never know when IRS is going to request your documents and start an investigation, that’s why you […]

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States Repealing Estate Taxes in 2013

by sequoialegal December 14, 2012 Estate Agency

In the past few years, states have been starting to realize how much of a financial hardship an estate tax can be on a family. In an effort to keep people from moving out of state to avoid paying these taxes, have started to repeal estate taxes. An estate tax is a tax applied to […]

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Inheritance Tax Explained

by IgnitionPG December 14, 2012 Inheritance Tax Advice

Put simply, inheritance tax is the amount of tax payable on the money or property your loved one leaves you when you die.  Not all inheritance is taxed – it has to be a certain amount of money before tax is introduced, and most taxable inheritance is paid on an estate.   Below is a quick […]

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The Australian Income Tax General Anti-Avoidance Rule May be Reformed Soon

by Penny Cooper November 26, 2012 Tax Law

The Australian government on a press release in march this year suggested that it was considering to ammend Part – IVA of the Income Tax Assessment Act 1936 (GAAR) to counter technical deficiencies. Earlier, on 16th of this month, the explanatory memorandum and the exposure draft issued by the Assistant Treasurer proposed changes to the […]

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Tax Evasion and its Consequences

by GuestBlogger November 19, 2012 Tax evasion

(Guest blog post regarding tax evasion and its consequences) Tax evasion has become a huge problem. Greece was and still is in peril because of this. And this problem is rampant in most other countries, be it first world or third. Basically, an individual/ company/ organization that do not pay their right dues in taxes […]

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International Tax Planning Made Easy in Cyprus

by Shaiya Ong November 9, 2012 Corporate Tax

Cyprus belongs to the top three destinations in the world that offers the friendliest offshore tax rates. It shares similar features with the tax transparency in Ireland and Switzerland, but the strategic location of the country makes it a better choice in comparison to the two. Become one of the many businesses who are enjoying […]

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Why register an international company in Cyprus?

by theodion September 6, 2012 Corporate Tax

Forming international companies elsewhere on the globe has become a common trend nowadays to increase revenue and profits. Moreover, that’s not the only aim. Reaching customers is also extremely important and therefore, it’s important to make services easily available to them and increase consumer base for company offerings. An international business company in Cyprus (Cyprus […]

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HMRC Disgrace Tax Avoiders in Government Crack Down

by Legal Author August 3, 2012 Tax Law

After rows over Jimmy Carr’s yearly £3.3million tax avoidance, the HMRC has promised to come down hard on tax avoiders. The Government is giving them new authority to establish a list of all offenders, in the hope that shaming these individuals will dissuade them from continuing their legal, but morally questionable, practices. Jimmy Carr Stand-up […]

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What Effect Does Income Tax Have On The Growth Of The U.S. Economy?

by CherrellT June 16, 2012 Tax Law

In the current economy, income tax cuts seem to make great sense. Although Presidents have little genuine influence on the American economy, nevertheless, economic policies and plans will dominate discussion in the 2012 Presidential election. Democrats inevitably will advocate tax increases on wealthy Americans, and they will propose a variety of government-funded initiatives to “jump-start […]

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The Advantages of Having a Cyprus Shelf Company

by theodion May 29, 2012 Enterprise Investment Scheme Advice

Cyprus is a well-known finance center and it is popular for its tax regime and double tax treaties. It offers an attractive destination that is suitable for investors, businessmen and entrepreneurs. Numerous people look into the various ways with which they can invest in Cyprus. It is notable that there are several means to make […]

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Cyprus: A Great Tax Haven and International Tax Planning Destination

by theodion May 25, 2012 Tax Planning

A recent piece of research that has been conducted by KPMG has revealed that Cyprus is considered as one of the friendliest offshore tax havens located in Europe. Similar to Switzerland and Ireland, there is transparency in the tax structures of Cyprus. Also, it is one of the places that flaunt the highest percentage of […]

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Freelancer.co.uk warns Office of Tax Simplification not to give into political pressure

by GavinWard February 23, 2012 Tax Law

Freelancer.co.uk warns Office of Tax Simplification not to give into political pressure and tighten regulations that could harm an expanding sector LONDON: Ministers and MPs should stop harassing genuine freelance contractors in their bid to stop employees being paid as private companies, warns Freelancer.co.uk, the world’s largest outsourcing and crowdsourcing marketplace with more than 3.2 […]

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E-Petition for Government-funded voucher towards accountant’s costs

by GavinWard February 23, 2012 Tax Law

My colleague Elaine Clark (@CheapAccounting) has launched an e petition to ask the government to consider setting up a voucher scheme for new businesses (not just limited companies, but sole traders, partnerships etc) to give them £300 for the first year so they can use this to make sure they get support from a qualified […]

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5 Reasons to Guest Blawg

by Legal Author September 13, 2011 Accident Claims

A key component of blogging, guest blogging is, as the term suggests, where a blogger writes as a guest on another blogger’s blog. While this may be obvious, it may not be apparent to some why guest blogging can be useful. Here are 5 reasons why you may wish to increase your own or your […]

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