Sentences with phrase «eliminating this tax on»

Since the U.K. eliminated its tax on income earned outside the country several years ago, it's become increasingly popular for so - called corporate inversions, a controversial practice in which a foreign company buys a U.K. company, primarily to lower its tax bill, says Andrew Needham, a tax partner at law firm Cravath, Swaine & Moore, which specializes in private equity and hedge funds.

Access more capital and reduce or eliminate taxes on new investments.

You may also have the opportunity to eliminate taxes on the capital gains you realize from taxable accounts.

And once you get here, there are a myriad of special tax incentive laws aimed specifically at investors and entrepreneurs that can dramatically reduce or eliminate taxes on business and investment income.

«While Howard Kopel voted to eliminate the tax on heat and electricity and voted for two no - tax - increase county budgets, his opponent, Adam Moser, wants a 39 percent tax hike so county employees can continue to get free health care, 61 paid days off and big six - figure salaries.

The postcard also says Republicans eliminated taxes on fast food and cigarettes, although Nassau never imposed taxes on either.

Katko, the former federal prosecutor from Camillus, said it's clear Maffei has failed in that category.To illustrate his point, Katko pointed to a bill Maffei introduced to eliminate a tax on medical devices, which helps pay for the Affordable Care Act.

«I justify the capital gains tax reduction because it is impairing economic growth in our country,» Faso said, and he contended the House bill would eliminate taxes on people who pay health care premiums.

Mangano inheritied a deficit from Suozzi, but he worsened the situation by eliminating a tax on home heating oil that generated some $ 40 million in revenue.

They include eliminating all taxes on manufacturing businesses in New York for a three year period.

The prospect of eliminating this tax on some or all of one's investment income in years after 2012 should be highly motivating.

He cosponsored the Andrew P. Carpenter Tax Act which eliminated the tax on a forgiven loan of fallen soldiers.

Either way, it will be combined with any capital losses from the same year, or carried over from a previous year, even if you don't need the capital loss to eliminate tax on the capital gain.

Fixed deferred annuities may also help reduce or eliminate the taxes on your Social Security benefits.

The final stage occurred in 1733 when Sir Robert Walpole (1676 — 1745) eliminated all taxes on imported timber.

Follow Jaymi on Twitter More on Moving to Repair Culture Petition to Eliminate Tax On IT Repairs Takes Aim at Cutting Carbon and e-Waste DIY Build and Repair Culture Makes for Healthier Planet, Happier People

«The border adjustable tax, which would in effect place a new 20 % tax on imports while completely eliminating the tax on exports, will force retailers to significantly raise prices on everyday consumer staples such as food, medicine, clothing, electronics, and home improvement items.

(Forbes, Going For Tax - Exempt Gold: Bill Introduced to Eliminate Tax on Olympic Medals)

This eliminates the tax on interest received and the need for continuing the life insurance.

Eliminating a tax on higher cost employer - sponsored health plans, also called Cadillac plans, that helps pay for the health care law

If structured properly, policy withdrawals and loans can be used to essentially eliminate taxes on cash received from a life insurance policy.

Most countries that have fully adopted and regulated Bitcoin such as Japan have eliminated the tax on Bitcoin trading.

Tip: The U.S. House of Representatives has introduced the Mortgage Cancellation Tax Relief Act (H.R. 1876), which would eliminate taxes on any debt forgiven on a principal residence through either short sale or foreclosure.

Access more capital and reduce or eliminate taxes on new investments.

Not exact matches

Ticking off every demand the New Democrats put on their long list — from giving motorists a break on their insurance to delaying and eliminating some corporate tax breaks — the Liberals have thrown down the gauntlet and put the party that holds the balance of power between a rock and a hard place.

Ottawa has previously said it eliminated the education and textbook tax credits because they were not targeted based on income.

While it's not as generous as taking the grant approach, it does eliminate the tax burden on the employee and it means any gains are taxed at a long - term rate depending on the holding period.

He would cap the tax on repatriated profits at 10 percent, and would eliminate the estate tax.

That includes the state and local income tax deduction, which the Senate voted to eliminate on Thursday, and the mortgage interest deduction.

The AHCA sacrifices $ 900 billion in future revenues by eliminating all other Obamacare taxes, including special levies on high - earners and annual fees on insurers.

U.S. tax reform discrete impacts On December 22, 2017, the United States enacted tax reform legislation that included a broad range of business tax provisions, including but not limited to a reduction in the U.S. federal tax rate from 35 % to 21 % as well as provisions that limit or eliminate various deductions or credits.

The move follows T - Mobile's decision earlier this month effectively to cut the price of its unlimited offering by eliminating surcharges and taxes as additional fees on customers» bills.

While companies would still have to make good faith efforts to classify their products correctly, mistakes or disagreements in classification would no longer have tax consequences, removing the fears of audits and eliminating the need for CITT cases on the proper way to classify a trampoline enclosure.

Two provisions, a refundable dividend tax and a notional Capital Dividend Account will be eliminated on a go - forward basis in calculating tax on passive investments that result from the investment of low - taxed retained earnings.

On taxes, Johnson's position is that the U.S. should move from a system that taxes income to one that taxes consumption, with the hope of eliminating corporate income taxes altogether.

Eliminating the estate tax would allow families to sell an asset without worrying about the timing or impact on the estate.

Eliminating a planned tax on government contractors is viewed as good news by business groups.

The change would be eliminating the dividend refund that comes later, which could bump the effective tax rate on passive income, in cases of high income earners, to the 70 - per - cent - plus level Poilievre talks about.

What impact would eliminating corporate income taxes (which is required of C - corporations) have on our economy and budget deficit?

On the other hand, his tax plan makes at least a vague reference to eliminating a loophole that benefits private equity and hedge fund managers.

Eliminating the capital - gains tax exemption on home sales would be one way to free up some cash.

House Ways and Means Committee Chairman Kevin Brady said lawmakers are determined to eliminate the alternative minimum taxes (AMTs) on corporations and individuals that the Senate bill retained.

House Republicans on Thursday unveiled a sweeping overhaul of the nation's tax code, slashing the corporate tax rate, eliminating scores of smaller deductions, and collapsing the number of individual tax brackets.

The 9 percent business tax also presents problems for business owners because it eliminates deductions many owners rely on.

The expected resolution of the fiscal cliff will eliminate some of the uncertainty that has restrained the franchise sector, but it will also bring higher taxes that create a drag on growth.

Congress eliminated the deduction for taxes on motor fuels in 1978, and eliminated the deduction for general sales tax in 1986.

The budget also includes several smaller tax proposals such as eliminating marriage penalties in the tax code and introducing universal tax - free savings accounts, presumably on a revenue - neutral basis.

«Eliminating the medical expense deduction amounts to a health tax on millions of Americans with high medical costs — especially middle income seniors,» the group said in a statement.

Opponents of the state and local tax deduction, which the bill would largely eliminate, argue it's regressive and concentrates benefits on rich states rather than poor ones that actually need the money.

The government proposes to eliminate the tax deferral advantage on passive income earned by private corporations.