Sentences with phrase «sums of back taxes»

Not exact matches

Prosecutors are also seeking a fine of $ 4 million and demanding Alonso pays back the sum that was allegedly denied to the Spanish tax office.

«When you consider the sum total of what NRG invests in New York each year, and plans to invest in the future, you can see that the Empire Zone program provides a fraction, albeit meaningful to us, back in tax relief,» said Meredith Moore, an NRG spokeswoman.

In November 2015, former Assembly Speaker Sheldon Silver was convicted of 7 felony counts of federal corruption charges in a kick - back scheme where he gave $ 500,000 in state lump sum tax dollars to a physician who would refer patients to the Speaker's law firm where he would get referral fees.

If you do build up a lump sum of non-ISA cash, then go back to work, you'll have to pay 20 % tax on any interest earned over # 1,000 for basic - rate payers, 40 % on any interest earned over # 500 for higher - rate.

But to provide one illustrative example, if 70 % of the carbon tax revenues were simply rebated back to the American people in equal, lump - sum payments, half of all households — and most of those whose income is below the mean — would be made whole for both the direct and indirect costs of the tax.

Essentially the strategy boils down to getting governments and corporations to turn their backs and walk away from huge sums of money (millions or billions in profits and tax revenue).

Income from all mutual funds,unit - linked insurance plans (Ulips), money - back policies or simply, all insurance policies where the annual premium is more than 5 per cent of the sum assured will attract a 5 per cent tax, according to the Direct Tax Code Bill placed in the Lok Sabha todtax, according to the Direct Tax Code Bill placed in the Lok Sabha todTax Code Bill placed in the Lok Sabha today.

Target Group For customers looking for a tax saving life insurance plan that offers flexibility of paying for a limited period and receive guaranteed regular money backs alongwith a guaranteed lump sum benefit.

All life insurance premium paid under a money back policy qualifies for tax deductions under section 80C of the Indian Income Tax Act, up to the specified limit, as long as the premium is less than 10 % of the sum assurtax deductions under section 80C of the Indian Income Tax Act, up to the specified limit, as long as the premium is less than 10 % of the sum assurTax Act, up to the specified limit, as long as the premium is less than 10 % of the sum assured.