 |
|
|
 |
|
|
|
|
New On The Lowtax Network Today
This feed is published daily with selected new or updated
content from across the Lowtax Network. For a list of Lowtax Network
sites, many of which feature daily news, see
below. |
| |
| TODAY 11/03: Estonia
Summary PBTG Guide, added to Personal Business Tax Guide |
| 10/03 Lowtax
Labuan, annual update |
| 09/03 Word
Search Puzzle, on Lowtax |
| 08/03 Jobs
For All,
Jeremy Hetherington-Gore blog |
| 05/03 Belgium
Summary PBTG Guide,
added to Personal Business Tax Guide |
| 04/03 New
Lowtax Editor Column,
by Kitty Miv |
03/03  Personal
Business Tax Guide, PBTG, has launched!
|
 |
| Providing essential tax news and information
for globally mobile artists, contractors, entrepreneurs, professionals,
small businesses, sportspersons and entertainers. |
| 02/03 Personal
Equity Investment In 2010: Not Just For Expats…, Investors Offshore special feature
|
| 24/02 Lowtax
Cyprus, annual update
|
| 22/02 Lowtax
Brunei, annual update
|
| 17/02 Dubai
- A Stately Business Dome Decreed, Investors Offshore special feature
|
| 15/02 Lowtax
Australia,
major content expansion
|
| 27/01 Lowtax
Germany, major content expansion
|
| |
|
| |
| Lowtax Network Sites |
| Lowtax Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| |
|
|
| US Senators Seek Wall Street Bonus Tax |
by Leroy Baker, Tax-News.com, New York
Tuesday, February 09, 2010
US Senators Barbara Boxer and Jim Webb have proposed legislation that would
impose a tax on large bonuses paid by Wall Street banks and other firms that
benefited from billions of dollars of taxpayer assistance in 2009.
Commenting upon the introduction of the Taxpayer Fairness Act on February 4,
Boxer, a Democrat representing California, said: “To avert a financial
collapse, taxpayers saved ‘too big to fail’ companies. It is outrageous
that these companies are now doling out millions of dollars in bonuses while
the rest of America feels the pain of their reckless decisions."
The bill levies a 50% tax on bonuses in excess of USD400,000 paid by firms
that took USD5bn or more in funds from the Troubled Asset Relief Program (TARP).
Webb, a Virginia Democrat, insisted that the proposals have nothing to do with
"class warfare.”
“This is not something that’s going to run the gamut of all executive
compensation and bonuses. This is a one shot deal. This is a tax on excessive
bonuses of TARP recipients that received more than USD5bn from the American
taxpayer in 2009," he said.
“The Financial Times, a paper dedicated to the free market, editorialized
in favor of this position at the end of last year,” continued Webb. “We
believe this is a fair and reasonable approach. It offers equity and a level
of fairness to the American taxpayers who bailed these companies out.”
The Senators said that only bonuses received in 2009 would be affected by the
legislation. They intend that the revenues generated from the tax would be used
to reduce the federal deficit or "to help the nation recover from the recession."
The bill was introduced amid reports that Wall Street firms that benefited
from taxpayer support paid significant bonuses in 2009.
.
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
