Taxes

Government Gets Hooked on Tobacco Tax Billions

Posted by Jeff from New York Times

But taxes are not the only government revenue from cigarettes. Settlements in the late 1990s to end state lawsuits against tobacco companies mean that the cigarette industry is paying states nearly $250 billion over 25 years. Under the agreement, those payments to states will continue flowing even beyond 25 years as long as the tobacco industry is healthy. But the payments would phase out as cigarette company profits decline and would ultimately disappear if people stop smoking.

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McCain's dirty pool

Posted by nathalie

Be careful about believing those ads.

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Cindy McCain Pays Back Taxes on San Diego Condo

Posted by Jeff from Newsweek

Via

: When you're poor, it can be hard to pay the bills. When you're rich, it's hard to keep track of all the bills that need paying. It's a lesson Cindy McCain learned the hard way when NEWSWEEK raised questions about an overdue property-tax bill on a La Jolla, Calif., property owned by a trust that she oversees. Mrs. McCain is a beer heiress with an estimated $100 million fortune and, along with her husband, she owns at least seven properties, including condos in California and Arizona.

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Sharpton owes $1.5 million in back taxes

Posted by Jeff from MSNBC

Over the past year, Sharpton's lawyers and the staff of his nonprofit group, the National Action Network, have been negotiating with the federal government over the size of his debt, which they dispute. The group has also been trying to pay off tens of thousands of dollars it owes for failing to properly maintain workers compensation and unemployment insurance.

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Creative Weblogging - an error has occured

Posted by SoxFirst

US prosecutors want to send actor Wesley Snipes to jail for three years for tax evasion

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Microsoft Told to Pay Tax on Licence Fee (in India, not Washington)

Posted by Jeff from Yro.slashdot

The company, which sells its software in India through a circuitous route involving several group companies, had maintained that its deal with the customers is a sale and no royalty payment is involved. It is this position that has now been rejected. What nailed the issue, however, was an expression in the end-user agreement that says "the product is licensed, not sold". Tax authorities cited this and said if the software is licensed, there has to be a royalty involved.

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A fistful of dollars: the CEO tax dodge

Posted by SoxFirst

US CEOs are using investors to pay their tax.

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