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Tax News archive
Planning Retirement with Tax Deferred Savings » Thursday 22nd November 2007
As you approach your golden years, you may be wondering about the various pros and cons of tax deferred savings plans. While the idea of not paying taxes on your savings may seem alluring, there are also fees to consider.
Another complication is determining which tax deferred...
Full story » Missing or Erroneous ID numbers lose IRS billions » Wednesday 12th September 2007
Potential losses of billions of dollars were revealed today by the Treasury Inspector General for Tax Administration. The watchdog, that oversees the Internal Revenue Service has released a report detailing over 3 million instances where miscellaneous income statements, with missing or erroneous...
Full story » Doggett Law to lessen UK Tax Appeal » Friday 31st August 2007
A new measure that gets its name from the Texas Senator that coined the idea is set to considerably lessen the appeal of London and other European financial centers that have favourable tax treaties with the US.
Multinational companies that have US subsidiaries are dismayed by the...
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