The sales tax base for state and local government is shrinking because of the expanded use of services which are not subject to sales tax and continued legislatively-granted exemptions. The erosion is also due to growth of remote sales including those made through e-commerce Internet, the telephone and catalogs. The...
Today, sales tax is charged on the purchase of almost every other physical commodity. But, of late, it has been observed that the sales tax bug has hit the Internet as well. Hence, consumers will be charged sales tax on every net purchase. Although, the Internet Tax Freedom Act does...
I. INTRODUCTION II. BACKGROUND AND GENERAL PRINCIPLES APPLICABLE TO SALES AND USE TAXES A. Sales and Use Taxes Defined B. Tax ComputationIII. THE DEVELOPMENT OF THE FEDERAL IMMUNITY DOCTRINE A. Implied Constitutional Immunity ...
FOR ARMY RESERVE FAMILIES DALLAS-The Army & Air Force Exchange Service AAFES is "on the road again," taking the exchange benefit directly to Guard and Reserve families across CONUS and Hawaii. With semi trailers packed tight with "tax free" electronics, toys and footwear, AAFES intends to join the Defense Commissary...
Business in brief The owner of Durex condoms, SSL International, unveiled impressive interim results yesterday, saying the group is optimistic about hitting its target of double-digit profit growth for the full year. Pre-tax profits were up 45.7 per cent in the six months to 30 September;...
While the national and international economic forecast continues to looks bleak, El Cerrito is quietly weathering the storm, with city officials saying no cuts in staff or programs will be needed in the foreseeable future. City manager Scott Hanin said the city has avoided much of the...
NEW YORK -- It's not the sexiest gift, but times are tough and it just might be one that's greatly appreciated this holiday season. What's that? One of the new 2009 tax guides that are starting to hit bookstores. With the health of the economy still weighing...
Incorporating Alamo would be good for our town. We have a strong base of businesses in Alamo, more than 300 I discovered, many in homes that generate sales tax revenues, which would stay in incorporated Alamo. Interestingly, the state fiscal study that showed Alamo can easily...
Business in brief RETAILING Caff Nero reported "resilient" growth in sales yesterday, declaring that cash-strapped consumers are refusing to give up their daily cups of coffee. The group said demand for coffee as an "affordable treat" was holding up well, with its record for positive same...
NEW YORK -- Fitch Ratings rates approximately $280,000,000 of the Board of Regents of The University of Texas System's (the system's) Revenue Financing System RFS bonds, series 2008A 'AAA'. The bonds, which will be issued in a traditional fixed rate mode, are expected to price via negotiated sale on or...
ERFURT, Germany -- The X-FAB Silicon Foundries Group, the world's leading foundry for the production of analog/digital integrated circuits, today announced sales of USD 308.9 million (EUR 203.1 million) for the first nine months of the current fiscal year. This represents an increase of approximately five percent versus the same...
FORT WORTH, TEXAS -- D.R. Horton, Inc. (NYSE:DHI), America's Builder, today reported results for its fourth quarter and fiscal year ended September 30, 2008. Home sales revenue for the fourth quarter of fiscal 2008 totaled $1.5 billion on 6,961 homes closed, compared to $3.0 billion on 11,733 homes closed in...
In light of an economic slowdown and inadvance of Black Friday and Cyber Monday, consumers are shopping online forenergy efficient LED Christmas lights and artificial Christmas trees ingreater numbers than in years past. Christmas Lights Etc.( www.christmaslightsetc.com ), one of the largest U.S. suppliers of premiumChristmas trees, decorations and...
Business in brief TOYS Character Group has warned of a profits fall as it suffers amid the slowdown, with "substantially" lower sales, as well as soaring input costs and averse effects of foreign exchange movements. It expects pre-tax profits of 5m for the year to 31...
AIRLINE INDUSTRY INFORMATION-C1997-2008 M2 COMMUNICATIONS LTD AirTran Airways, a subsidiary of AirTran Holdings Inc (NYSE:AAI), has announced the launch of a sale on fares from Atlanta, Georgia, to selected destinations. The sale fares are available for purchase on 24 November for travel from 3 December to...
AUSTIN, Texas -- Fitch Ratings assigns an 'A+' rating to Edinburg, TX's the city approximately $6 million certificates of obligation COs, series 2008. In addition, Fitch affirms the 'A+' rating on the city's outstanding debt constituting $19.4 million general obligation GO bonds, $27 million COs and $80,000 tax notes. The...
SAN FRANCISCO -- Fitch Ratings has assigned an 'A-' rating to the San Jose Redevelopment Agency, California's the agency merged area redevelopment project tax allocation bonds TABs, series 2008A. The TABs are expected to sell via competitive sale on Dec. 3. In addition, Fitch has affirmed the following ratings for...
Tax dodgers beware: So far this year, the Monroe County District Attorney's Office has prosecuted at least 13 individuals for various kinds of criminal tax fraud or tax evasion. Last year, only two defendants faced tax fraud or evasion as a top criminal charge. ...
The city will hold an Internet-based tax sale of properties from 8 a.m. and 8 p.m. Dec. 1-2 at www.neworleanstaxsale.com. It is the second year in a row that the city will hold such a sale. Property owners whose properties are eligible for...
Black Friday and Cyber Monday Sales Combined with Historically High IRS Write-offs Make End of 2008 Ideal Time for Small Businesses to Invest in New Digital Technology LONG BEACH, Calif., Nov. 24 /PRNewswire/ -- Successful small business owners are constantly balancing the need to invest in new...
Articles 2008-11-24
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