Sentences with phrase «in back taxes for»

In a recent case, decided last September, the CRA forced a taxpayer named Sylvie Giguère to fork out $ 11,400 in penalties and tens of thousands in back taxes for trying to game the system.

We owe, personally, about 8 thousand in back taxes for the past 3 years.

The county and city could, at times, be giving up tens of thousands of dollars in back taxes for a property compared to maybe several hundred dollars in sewage fees.

Not exact matches

Back in 2014, he wrote a Financial Times op - ed in which he criticized the virtual currency for being «unsuitable as a means of exchange» and said it was only attractive for two reasons: anonymity — as desired by money launderers and tax evaders — and speculation.

Earlier this year, he stressed the need for tax reform, particularly in allowing companies to bring back profits stored overseas at lower rates.

The election of Donald Trump as president sparked an exodus from the US Treasury market in the final months of 2016 and early 2017 as investors prepared for the possibility that Trump's plans for a protectionist trade policy, tax cuts, deregulation, and massive infrastructure spending would bring inflation back to the US.

The election of Donald Trump as president sparked an exodus from the Treasury market in the final months of 2016 as investors began to price in the possibility that Trump's plans for a protectionist trade policy, tax cuts, and massive infrastructure spending would bring back inflation to the US.

In the Oval Office, President Trump signs the Republican - back tax bill with sweeping reforms into law, as well as bills for missile defense and the short - term funding of the government to avoid a shutdown.

«The overall economic plan consists of massive tax cuts and tax reform, regulatory relief, and renegotiating trade deals, and with that, we will unlock the economic growth that has been held back for too long in this country.»

One area of contention is the matter of Apple paying taxes on the profits it recorded in Ireland as well as sending money back to the US to pay for research and development.

Restructuring state tax systems in a way that takes back some of these high - end federal tax cuts should be a no - brainer for cash - strapped states.

For instance, assuming the SBA meets its goal of creating one job with every $ 50,000 of 504 lending — and the SBA says many Certified Development Companies exceed it — the cost per job in 2006 was a mere $ 188; the Treasury would earn that back many times in a single year's tax bill.

The New Jersey Economic Development Agency eventually came through with a $ 50,000 grant in October of 2013, which paid for back taxes and insurance.

The U.S. House of Representatives approved the final version of a GOP - backed tax plan Tuesday that would overhaul the nation's tax laws for the first time in decades.

But back in the real world, tax sheltering did not end until Reagan signed the Tax Reform Act of 1986, which made it much more difficult for people to manipulate losses to create tax sheltetax sheltering did not end until Reagan signed the Tax Reform Act of 1986, which made it much more difficult for people to manipulate losses to create tax shelteTax Reform Act of 1986, which made it much more difficult for people to manipulate losses to create tax sheltetax shelters.

That means IRS agents won't be back in the office til Monday, April 18, the actual deadline for filing your taxes in 2016.

«Expansion in the U.S., in particular, could carry on for years given the benefits of U.S. tax reform and consequent elevated reinvestment back into the U.S.,» analyst John Inch wrote Tuesday.

It said it expects to pay about $ 38 billion in taxes for the horde of cash it plans to bring back to the United States.

For instance, if you invested $ 30,000 in a variable annuity in 2008 and just got back to even, you won't have to pay taxes or gains if your distribution is $ 30,000 or less.

So the alternative is no tax at all domestically, creating a true territorial taxation system where companies can be free to bring money back to the states to use for investment here, while also reinvesting in other companies as they build their global enterprises.

Apple expects to pay about $ 38 billion in taxes for the horde of cash it plans to bring back to the United States.

In addition, the conservative Koch - backed group Americans for Prosperity launched a $ 500,000 ad campaign touting the new tax law because, according to Americans for Prosperity Foundation Senior Director Michael Fields, «all Americans need to know how tax reform is leading to higher pay and lower taxes.»

«After paying out the taxes, Apple would have $ 200bn of cash back on - shore in the U.S. (which it could potentially use for buybacks, dividends, or M&A),» he wrote.

At issue: the IRS's claim that Redstone owed $ 737,625 in unpaid gift taxes, dating back to his 1972 transfer of stock in National Amusements, his family's private holding company, into trusts for his two children.

WASHINGTON, Dec 7 - President Donald Trump's weekend remark about a scaled - back tax cut for corporations sparked behind - the - scenes debate in the U.S. Congress, with a White House aide trying on Thursday to minimize the impact of the president's comment.

Promotional documents for syndicated deals always acknowledge the risk of an IRS audit, which can result in an assessment for back taxes, interest, and stiff penalties.

This means that a Canadian company with a subsidiary in Bermuda, for example, can bring back foreign profit tax - free in the form of a dividend — provided the subsidiary is carrying out active business, such as sales or manufacturing, and is not merely a P.O. box.

Designers of the 2001 tax cuts used this maneuver with full confidence that Congress would come back in future years and enact AMT relief without paying for it.

The European Union on Tuesday ordered Ireland to collect up to $ 14.5 billion in back taxes, plus interest, from Apple Inc., after ruling that the technology giant cut an illegal deal that allowed it to pay almost no taxes from 2003 to 2014 on profits for sales throughout the 28 - nation region.

The C / QPP is accounting for roughly 25 per cent of total income and the GIS tax back associated with the growth of C / QPP income may account for the decline in OAS / GIS payments starting in the 1990s.

For the six months to December 31, it reported a 9.1 per cent rise in underlying earnings before interest, taxes, and amortisation to $ 72.8 million, on the back of record gross written premium (GWP) growth across both its underwriting and broker network units.

Columbus, Ohio, for example, would waive all property taxes for Amazon for 15 years, subject to certain conditions, and would give back a share of the income taxes paid by Amazon's employees to the company in cash.

With a mountain of overseas cash suddenly freed up by the tax overhaul, Apple bought back $ 23.5 billion of its own stock in the March quarter, a record amount for any U.S. company, according to S&P Dow Jones Indices, and it added $ 100 billion to its target for future repurchases.

The European Union found Tuesday that Apple contributed almost no tax on profits for sales across all EU nations and has been ordered to pay up to $ 14.5 billion in back taxes to Ireland.

It's one of the reasons Republicans are floating a cut in the corporate income tax rate — in hopes of companies like Apple bringing their profits back to the US for investment here.

In fact, for years, Apple refused to bring back its foreign cash until the US changed the tax code to what it deemed a «fair» rate.

Mr. Cook is also expected to argue that some of Apple's largest subsidiaries do not reduce Apple's tax liability, and to press for a sweeping overhaul of the United States corporate tax code — in particular, by lowering rates on companies moving foreign overseas earnings back to the United States.

It's still likely to result in a bill that scales back federal support for insurance coverage and overhauls Medicaid while cutting taxes for the health care industry — but if any plan can pass the Senate, it's likely to look something like that.

Clark and her government are totally manipulative as they dispense spin to a seemingly gullible public on how great they are for the environment - the current carbon tax of $ 30 a ton has remained frozen for years and recently they have approved a huge LNG project and will no doubt OK the Kinder Morgan pipeline - and there is pretty good chance the good citizens of this province will eat up all the propaganda and vote them back in!

But «if anybody in Canada thinks they are going to get Donald to build a nation of windmills, and turn all America into a bicycle lane or a place for carbon taxes» — in that event, «if they are very, very polite, he'll give them a free ride on Trump Cruise Lines back to where they came from.»

There are tax credits for education, but eligibility varies depending upon whether you're currently in school and paying tuition or whether you're out of school and already paying back student loans.

Andy Brenner, head of international fixed income securities at National Alliance Securities, said in a note that the hiring of a special prosecutor «and talk about obstruction of justice being an impeachable offense» could push back efforts to enact Trump's tax reform and fiscal stimulus proposals for months.

Meanwhile, India — whose affection for gold goes back millennia — saw its imports of the yellow metal rise fourfold in May compared to the same month last year as traders fear a higher tax rate on jewelry.

We raise much of our food, burn wood for heat, water is gravity spring (no pump), private septic system, solar power I installed feeds grid back, no electric bill, wireless internet tower income pays our property taxes, so basically we can live on a vastly reduced income should it be needed, Much of our savings is in precious metals.

In addition to federal tax, your state will make additional withholdings for taxes, and most states will deduct other money that you may owe to the state, such as back taxes, child support, loan payments, etc..

Another side effect of the BEAT provision is that investors in existing tax equity deals are at risk for tax credits that are «clawed back» under the new tax.

Other than putting «money back in the pockets of «some» (but certainly far from all) Canadians what have these tax cuts done for the economic growth, job creation, and the general well being of all Canadians?

Kudlow and Moore have been pitching a plan they call «Three Easy Pieces,» which would — for 10 years — cut the corporate tax rate from 35 percent to 15 percent, double the standardized deduction that millions of Americans claim in their taxes, and allow companies to bring money back from overseas without a significant tax penalty.»

And so I learned that we hadn't been paying payroll taxes for almost 3 years — a particularly painful thing given I believe in taxes as a means of giving back to society.

Given that the federal monies are not mined from a magical fountain but come from taxes collected in the various provinces, most of the transfer, especially for Tier I provinces, is merely taxes collected in your own juridiction and given back with strings attached.