March 2022

Opinion: Some assume there is no solution to the gap between the ultra-rich and the average American. There is: The billionaire income tax.Erin Scharf | opinion contributorToday, 11 Arizonans have nearly as much wealth like all of the…

President Rodrigo Duterte on Tuesday night called the Bureau of Internal Revenue (BIR) over its failure to collect some estate tax owed, saying it could help the cash-strapped government fund some of its programs. In his weekly…

President Rodrigo Roa Duterte speaks with the people after holding a meeting with key government officials at the Arcadia Active Lifestyle Center in Matina, Davao City on March 29, 2022…

Vice-presidential candidate Davao Mayor Sara Duterte addresses the crowd during the large "UniTeam" rally held at the WES Arena in Punturin, Valenzuela city, on February 10 2022. George Calvelo, ABS-CBN News/File …

Read this in the Manila Times digital edition. THE 203 billion pesos that presidential candidate Isko Moreno Domagoso and retired judge Antonio Carpio have…

Gov. Tom Wolf was joined by Rep. Steve Samuelson in calling on the Pennsylvania General Assembly to immediately use $1.7 billion in unspent dollars from the American Rescue Plan Act to help older Pennsylvanians and people with disabilities…

Income Tax Calculator: Starting April 1, 2022, many changes to income tax rules announced in the 2022 budget will be implemented across the country. The new tax law on cryptocurrency and other digital assets is one of…

KARACHI: The Karachi Tax Bar Association (KTBA) has proposed up to 20% real estate capital gains tax with elimination of all exemptions and concessions. The KTBA, in its proposals for the 2022/2023 budget, suggested that the…

KAMMAM: Khammam Municipal Corporation (KMC) loses ₹15 crore per year in property tax due to three major flaws in its revenue department – ​​under-assessment of properties, abnormal delay in assessment of new properties and…

The Brazilian city of Rio de Janeiro will officially begin accepting Bitcoin (BTC) payments for taxes related to urban real estate within their city limits, aka Imposto sobre a propriedade predial e territorial urbana (IPTU).As reported by…

Atti. Victor Rodriguez, chief of staff and spokesman for Ferdinand "Bongbong" Marcos Jr. PTV screenshot MANILA, Philippines — The Marcos family estate tax liability issue is simply being used to score political points for the upcoming…

Cash deposit into a savings bank account The cash deposit limit of a bank account is Rs 10 lakh. The Income Tax Department may issue an income tax notice to a savings account customer who deposits more than Rs 10…

The country united states of americaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic…

Since the start of the invasion of Ukraine, many companies have made donations to support relief efforts after the invasion. In this commentary, we review the main tax implications of these donations for Spanish or Polish resident…

Alexandria, MN — Real estate values ​​in Douglas County are strong. “The continued demand for homes in the…

MANILA, Philippines — Aksyon Demokratiko flag bearer Isko Moreno has said the 203 billion peso inheritance tax owed by the Marcos family could feed 59.7 million Filipinos daily with rice for a year if the Bureau of Internal Revenue was…

ABS-CBN News Posted at March 24, 2022 11:26 a.m. | Updated March 24, 2022 11:55 am MANILA — A group has!-->…

Loudoun County and, by extension, the City of Middleburg are proposing to raise property taxes. This is the result of an increase in county-monitored and assessed land value assessments. A combination of inflation and a 10-25%!-->…

DESOTO COUNTY, Miss. – How does a little more jingle in your pocket sound? This could be the case if you live in Mississippi. The Mississippi state legislature continues to seek a way to eliminate state income tax. Several northern…

GRANGEVILLE — Low-income homeowners 65 or older, widowed, or disabled can get property tax relief through an…

She died two years ago. She wanted me to stay home as long as I wanted because I was the only person taking responsibility for her care.I have several brothers and sisters. All have their own house and have no desire to remove me from it.…

Metro Manila (CNN Philippines, March 23) — Senator Koko Pimentel criticized the Bureau of Internal Revenue's (BIR) late collection of unpaid property taxes from the Marcoses, noting that the matter calls for executive action. "Executive…

People with high salaries not only have to pay taxes on wage income, but also on investment income as well as rent and other unearned income, etc. Persons with high salaries must not only pay taxes on wage income, but also on the returns…

LOYAL supporters consistently claim that there is no evidence to support the existence of any ill-gotten wealth by the Marcos family. This assertion is devoid of truth. In…

FILE. Former first lady Imelda Marcos (R) with children Ferdinand Marcos Jr. and Imee Marcos, singing the Philippine national anthem before the flag-draped casket bearing the remains of the late strongman Ferdinand Marcos…

Former President Ferdinand Marcos (center) poses with members of his family on January 15, 1986, namely: his wife Imelda; eldest daughter Imee and her then-husband Tomas Manotoc (right); youngest daughter Irene and husband…

Chandigarh: The Municipal Corporation (MC) is to bring settlement homes within the scope of tax to fill its dwindling coffers in a major move. Homes with an area of ​​500 square feet or more will have to pay property tax. A survey by the…

Although the taxpayer paying the rent cannot deduct these expenses from income tax, the payments must be reported so that tax authority Review the data and ensure that the values ​​reported by the landlord and tenant are…

Speaking in a recent podcast, Colonial First State Technical Services Manager Craig Day said that when a client dies, it's a common misconception that as long as the estate is held open, no beneficiary will 'needs to…

RICHMOND, Va. (WRIC) — If you live in Richmond and are over 65 or disabled, you could get a significant reduction in your property taxes this year. The city is helping eligible homeowners complete their applications for a…

I have two small residential apartments. One was bought in 2001 and we lived there until 2017, then we moved to a smaller apartment bought in 2016 by taking out a housing loan. Now we want to buy a bigger house for self use…

Metro Manila (CNN Philippines, March 18) — The Ministry of Finance is pushing the Bureau of Internal Revenue to collect the $203 billion in unpaid property taxes from the Marcos heirs to generate more revenue for the government, which…

NEW JERSEY — A group of Republican New Jersey state lawmakers is proposing a plan that would give a boost to homeowners who pay more than $15,000 in property taxes.According to Senator Joe Pennacchio (District 26) and Declan O'Scanlon…

The South Carolina State House Getty Income tax cut bills continue to sweep through state legislatures in 2022. Remarkably, they do so in many cases with broad support from Democrats and Republicans alike. . In…

Shelby County, IL. (ECWd) - the Property tax code is clear: tenants are responsible for paying property taxes on property they rent to an entity (local government) that is otherwise tax-exempt. We covered property taxes on…

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The boom in M&A, or M&A, activity throughout 2021 and into 2022 has consequently led to more S corporations as target companies for M&A transactions. S corporation status is a popular option for small businesses, as it provides…

A complete repeal of the business personal property tax would cost Howard County tens of millions of dollars…

I had benefited from an exemption under articles 54 and 54EC for the long term capital gains on the sale of my dwelling house in 2010. Can I again apply for an exemption for the sale of the current dwelling house purchased in…

ONCE AGAIN, State Rep. Frank Ryan deserves credit for tackling the ever…

Whether you are saving or investing, tax efficiency is an important aspect to consider as it can make a significant difference to your overall wealth and minimize the tax burden. Capital Gains Tax (CGT) is levied on gains realized after…

COLUMBIA, SC — The South Carolina Senate unanimously passed a $2 billion income tax reduction and refund bill, setting in motion what will likely be intense negotiations with the House on the $1 billion tax cut passed last month.Thursday's…

Property buyers often fail to factor in the tax increase associated with their potential sale price when running cash flow pro formas. In Ohio, the sale price is considered fair market value for property tax purposes. Prudent buyers…

According to a press release from the Idaho State Tax Commission, some Idaho disabled veterans may receive a reduction in their property tax bill of up to $1,500 on their residence in Idaho and up to an…

Property buyers often fail to factor in the tax increase associated with their potential sale price when running cash flow pro formas. In Ohio, the sale price is considered fair market value for property tax purposes. Prudent buyers…

MANILA, Philippines — Manila City Mayor Isko Moreno's political party has pressed the agency set up to recover the ill-gotten riches of the Marcoses and their cronies for clarification on the camp's claim of former Senator Ferdinand…

Metro Manila (CNN Philippines, March 10) — Manila Mayor Isko Moreno's political party is seeking clarification from the President's Commission on Good Government on the status of the Marcos family's ₱203 billion in unsettled property…

ST. LOUIS — A new fund aimed at paying delinquent property taxes before families lose their homes to tax foreclosure will get a $500,000 infusion from the city.St. Louis Mayor Tishaura O. Jones announced the contribution…

INDIANAPOLIS — In the early hours of Wednesday, lawmakers finalized their bills for the 2022 session and…

(The Center Square) — South Carolina taxpayers could get an income tax refund of between $100 and $700 per…

This advocacy for seniors on the city's senior property tax deferral is by Rick Fentin, CFP®, Ed.M. Cambridge Financial Associates, Arlington. Questions? Email him at This email address is protected from spam. You need JavaScript!--LINK>…

These 15 counties in Michigan have the highest average property tax per year.Paying taxes is probably one of the most hated things in life. There is a tax for everything. Sales tax, income tax and the list goes on and on. Of course,…

By Rasheela Basher - On March 6, 2022 12:51 The Calcutta High Court has ruled that a non-profit organization under Section 25 of the Societies Providing Education Act is eligible for income tax exemption as it would be considered…

Park City will finalize its budget for the next fiscal year in June. Last year's budget was $63.5 million. The next budget could reach tens of millions of dollars depending on what the city council…

The final Property/Rent Tax Refund Clinics hosted by Rep. Martin Causer, R-Turtlepoint, will take place…

(The Center Square) - Indiana Gov. Eric Holcomb said Thursday he agreed to lower the state income tax rate…

Many people new to the gig economy get a rude surprise the next time they file their income taxes. Indeed, income from conducting Uber, Lyft, or GrubHub, or contracted services such as professional writing or graphic arts, online sales…

S.144 Sa Diegnan, Patrick J./ Beach, James Establishes the "COVID-19 Frontline and Healthcare Worker Memorial Commission". S.330 Sca Singleton, Troy/ Scutari, Nicholas P. Increase distribution to municipalities of the Property Tax…

(The Center Square) – Liberty Lake is the latest municipality to ban a local income tax, joining 11 other…

The Navi Mumbai Municipal Corporation (NMMC) expects to meet its 2021-22 property tax collection target of Rs 600 crore. By the end of November 2021, the civic body had already raised Rs 295.14 crore. Officials said this was a…

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