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House Votes to Boost Taxes on Private Equity Managers
18 hours ago ago from The Wall Street Job Report
By Ryan J. Donmoyer for Bloomberg, December 9, 2009 The U.S. House voted to more than double a tax on income earned by executives of private equity and venture capital firms to pay for the renewal of dozens of tax breaks. The House voted 241-181 today, largely along party lines, to end fund managers’ ability to pay the 15 percent capital- gains tax rate on the share of fund profits they are paid as compensation. The proposal, ...
Related contentThe Trigger Point for Taxes
23 hours ago ago from Political Calculations
Today, we're celebrating our fifth anniversary as we have in previous years by sharing the most amazing discovery we've made in the past year. Unlike the previous three years, in which we put the entire history of the S 500 at Your Fingertips , uncovered the basic fundamental relationship of the stock market and revealed how changes in investor expectations directly drive stock prices, today's post has nothing to do with the stock market. ...
Related contentPlanned tax rises
7 hours ago ago from The Adam Smith Institute Blog
In his Pre-Budget Report yesterday, Alistair Darling announced that national insurance contributions for employees, employers, and the self-employed would rise by 0.5 percent from April 2011 onwards. That's on top of the 0.5 percent rise he had already announced, so the total increase will be 1 percent extra on all earnings over the Lower Earnings Limit (LEL), which is currently £4,940 but will rise to £5,044 for 2011/12. National ...
Related contentBookblogging: Trickle down Part 1
1 hour, 54 minutes ago ago from John Quiggin
I'm pushing hard now to finalise a draft of my book-in-progress, It's currently titled Zombie Economics:Undead Ideas that Threaten the World Economy. The title is pretty much locked in, but the subtitle is still open for change if anyone has any suggestions. You can read the first few chapters (not quite an up-to-date draft) at wikidot . The chapter I'm working on now is Trickle-Down Economics, which seems a fairly soft target after ...
Related contentJust asking
15 hours ago ago from The Standard
It has been treated as gospel that if the Australians, for inadequately explained reasons, drop their corporate tax rate from 30% to 25%, then we, for inadequately explained reasons, will have to follow suit. Why? Where is the proof that the $900 million a year that cut would cost us is justified? Did the economy fall apart when we had higher corporate tax rates than us for most of the last decade? Do the Aussies feel compelled to ...
Related contentRelated News
Brown, Sarkozy: Tax financial bonuses more
19 hours ago ago from U.S. News
Brown, Sarkozy: Tax financial bonuses more BRUSSELS (AP) -- European leaders ganged up Thursday against a favorite target - fat bonuses to bailed-out bankers. British Prime Minister Gordon Brown and French President Nicolas Sarkozy agreed it was a good idea to slap higher taxes on performance pay, especially considering they are back on the rise soon after last year's financial meltdown that led to taxpayer-funded bailouts in some cases. ...
Related content2010 Tax/Compliance Deadlines CFOs Don’t Want to Miss
23 hours ago ago from PopEater
If you are setting up or have existing legal entities abroad, a review of tax and compliance deadlines at this time of year is critical, Vyoma Nair, co-founder of Nair & Co., said on Thursday as the award-winning company released its 2010 international filings calendar for U.S. businesses that operate overseas. “The one-page calendar provides a quick and accurate overview of upcoming deadlines for corporate income tax, value added tax (VAT), ...
Related contentTeamsters Oppose Senate Plan to Tax Health Insurance Plans
20 hours ago ago from PopEater
Support Sanders Amendment to Eliminate Tax WASHINGTON, Dec. 10 /PRNewswire-USNewswire/ -- The Teamsters on Thursday announced their support for Sen. Bernie Sanders' (I-Vt.) amendment to eliminate the proposed excise tax on insurance plans from the Senate health care reform proposal. The 40 percent tax would be levied on family plans worth more than $23,000 and individual plans worth more than $8,500, starting in 2013. As those thresholds rise ...
Related contentFew benefiting from mortgage relief
15 hours ago ago from NBC
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Related contentEU to call for global financial levy
1 hour, 2 minutes ago ago from PopEater
BRUSSELS -European Union leaders will call for a global financial transaction levy in the hopes it could help buffer against future market crises, according to a draft statement published Friday. British Prime Minister Gordon Brown said there was "growing support" for such a levy as well as Britain's plans for a one-off tax of 50 percent for all bonuses of more than more than 25,000 pounds ($40,800.) France says it will follow suit and called ...
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