News

There has been talk about increasing taxes on the rich, about the expiring of many tax breaks that taxpayers had been enjoying for some time. But when it comes to businesses getting huge tax breaks, lips are sealed. Companies, both large and small, are enjoying tax breaks while the economy is looking straight at the…

While there have been talks of increasing taxes on taxpayers, businesses large and small are getting tax breaks that run into millions of dollars. States are getting competitive about getting the most businesses on their turf to increase employment, and businesses are choosing states that give them most incentives. Even companies whose profits go into…

Businesses both large and small have been getting tax breaks from the government. States have become competitive in getting corporations to choose them. Job creation is the reward for the incentives businesses receive, but is that an advantageous deal? Considering bailouts and massive tax breaks to big corporations, it doesn’t look beneficial, at least from…

A $1.5 million study by the National Academy of Science (NAS) aims at taking inventory of the U.S. tax code and how it effects emissions of carbon dioxide and other greenhouse gas emissions. The results of the study will be out soon.Even though the study does not aim to change tax codes or recommend new…

A study by U.S. Treasury that aims to take an inventory of U.S. tax code and how it impacts the emission of carbon dioxide and other greenhouse gas emissions will be out soon. Even though the study will be out after the elections, it will have environmental activists and the government deal with facts about…

With American taxpayers burdened with taxes, many are contemplating whether there is a much more effective way to charge taxes, a change in the tax system that can bring in more equality and reduce evasion of taxes. Replacement of income tax with consumption tax can be a possibility, but it comes with its own pros…

Income tax is being preferred over consumption tax, but with changing times would it be wise to switch to consumption tax? The necessity to look for alternative methods of taxation itself raises doubts over the effectiveness of income tax. With tax evasion rampant, many are discussing the value of consumption tax.Consumption tax is the tax…

The search for alternative methods to collect taxes reaches consumption tax at some point. Consumption tax is charged on items of consumption. In some countries, consumption tax is charged along with income tax. Taxpayers pay consumption tax on some items, especially on luxury items, in some countries and also pay taxes on their income.Some people…

In a bid to crack down on tax evaders, Italian tax authorities have found a new way to catch tax evaders. They are using “cash dogs”, dogs trained to sniff large currency notes, to seize black money being carried at airports by travelers. This innovative method to catch tax evaders has reaped results. In the…

Dogs are catching tax evaders at Italian airports, thanks to the new initiative by the Italian tax authorities in which they are using “cash dogs” to sniff large amounts of cash. The “cash dogs” have been trained to sniff cash, the smell of which is subtle. With the help of these dogs, the Italian police…