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Special Report on

Profit tax / Capital tax

profit tax capital tax special research report Photo by www.camposlanuza.com
No not in the UK - we already have one, albeit charged at the wrong rates and far too rarely on corporate gains  - this is in Kenya: The recent sale of multi-billion shilling Kenyan businesses without any revenues accruing to the government has sparked pressure for the reintroduction of capital gains tax – 25 years after it was suspended. The tax – usually charged on profits from the sale of assets held for at least 12 months – was suspended in 1985 as part of measures to make Kenya more attractive to foreign direct investment, but tax experts now argue that it should be reintroduced to put the country in line with global trends.
of individuals or businesses (corporations or other legal entities). Various income tax systems exist, with varying degrees of tax incidence . Income taxation can be progressive , proportional , or regressive . When the tax is levied on the income of companies, it is often called a corporate tax , corporate income tax, or profit tax. Individual income taxes often tax the total income of the individual (with some deductions permitted), while corporate income taxes often tax net income (the difference between gross receipts, expenses, and additional write-offs). Various systems define income differently, and often allow notional ...
REVIEWS AND OPINIONS
Tax Extenders Bill Fails In Senate « Great Speculations - Forbes.com
Robert A. Green is a CPA and founder and CEO of Green & Company Inc. (GreenTraderTax.com and GreenTraderFunds.com), a publishing company, and Green & Company CPAs, LLC, a virtual tax and accounting firm catering to traders and investment management businesses.   Good news for traders: the Senate failed to gain enough votes to pass the “tax extenders” bill (H.R. 4123) in conference with the House, as some moderate Democrats joined all Republicans in voting against it. The Senate fell short of the 60 votes needed for passage. Don’t get your hopes up just yet. I predict the Senate and House conference will pare down spending ... market research, surveys and trends
Tips For Reducing Tax Exposure During A Sale Of A Highly ...
Selling a highly appreciated asset is a double edge sword. Everybody concentrates on buying their asset low and selling it high, but many people neglect to consider how much of the sales proceeds they get to keep. Of course realizing sizeable gains are attractive, but capital gains tax treatment can often erode a large portion of the profit. A capital gains tax is asessed on the difference between the purchase price and sales price of an asset. Capital gains are usually linked with life insurance policies sold as life settlements, stocks, bonds and real estate among other things. Charitable Installment Bargain Sales are emerging ... market research, surveys and trends

SURVEY RESULTS FOR
PROFIT TAX / CAPITAL TAX

FactCheck.org: Would Obama tax my profits if I sell my home? Would ...
Alert readers may already have noted that this chain e-mail does not provide links to any of Obama's actual proposals or cite any sources for the claims it makes. That is because they are made up. This widely distributed message is so full of misinformation that we find it impossible to believe that it is the result of simple ignorance or carelessness on the part of the writer. Almost nothing it says about Obama's tax proposals is true. We conclude that this deception is deliberate. Wachovia Apologizes a vice president of Wachovia Securities in St. Louis, Mo. Even though Jenkins is an investment adviser and not a tax ... industry trends, business articles and survey research
Exxon's Profits: Measuring a Record Windfall - US News and World ...
Exxon Mobil's staggering $40.6 billion earnings for 2007 drive the truth home: There's no business on the planet that gushes forth more profit than selling oil—nothing even close. But just because it's more money than any other corporation has ever made in history, is it a windfall? Some, notably the oil companies themselves, spurn the implication that the astronomical earnings are an instance of good market fortune that has blown their way. They don't like the term windfall, especially since it is so frequently followed by an even more despised term, tax. So don't be surprised if you hear a lot of ... industry trends, business articles and survey research
RELATED NEWS
UBS Vote, LBO Tax, Proxy Changes, BP: Compliance
(Updates with UBS vote as first item; U.S. proxy reforms to Compliance Policy section; Thailand stock regulator, Cassano probe and BP dividend to Compliance Action; and deepwater drilling, Starr, Kerviel and Kova to Courts.) By Carla Main June 17 (Bloomberg) -- Swiss lawmakers approved a UBS AG tax treaty with the U.S., ending a two-year legal battle that threatened the American business of Switzerland’s largest bank. The approval, by majority votes in both chambers of Parliament, came after week-long negotiations between the upper and the lower house during which deputies dropped a demand for the treaty to be opened to a ... market trends, news research and surveys resources
Winnebago Industries Reports Continued Improvement in Third Quarter Fiscal 2010
the leading United States motor home manufacturer, today reported continued improvement in financial results during the Company's third quarter of fiscal year 2010. Revenues for the third quarter of fiscal 2010 ended May 29, 2010 were $134.8 million, an increase of 165.1 percent, versus $50.8 million for the third quarter of fiscal 2009. The Company reported an operating profit of $3.4 million for the quarter, versus an operating loss of $14.8 million for the third quarter of fiscal 2009. Net income for the third quarter was $6.0 million versus a net loss of $8.6 million for ... market trends, news research and surveys resources

INFORMATION RESOURCES

LAW ON PROFIT TAX
I shall proclaim the Law on Profit Tax, which was adopted by the National .... to submit information report: for deduction tax, for capital gain and losses ... technology research, surveys study and trend statistics
Business Expenses
Business expenses are the cost of carrying on a trade or business. These expenses are usually deductible if the business is operated to make a profit. To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for your trade or business. An expense does not have to be indispensable to be considered necessary. It is important to separate business expenses from the following expenses: If your business manufactures products or purchases them for resale, you generally must value ... technology research, surveys study and trend statistics
RAISING CAPITAL FOR NOT-FOR-PROFIT ORGANIZATIONS: TAX-EXEMPT BOND ...
Tax-exempt financing should always be examined for any sizable capital expenditure for a not-for-profit organization. The only disadvantage to a tax- exempt ...
REAL TIME
PROFIT TAX / CAPITAL TAX
  1. profile image sunshineejc Massive Bank Profit Centers { PARASITES-VAMPIRES } those profits R not profits they R a TAX ON ALL THE CAPITAL OF AMERICA #p2 #tlot #topprog
  2. profile image MiltonFriedmans RT @justinlee76: 2000-2009: A$37b net profit after tax in Aust, re-invested A$38b back into Aust, A$26b in capital expend, A$12b in acquisitions—Rio Tinto
  3. profile image justinlee76 2000-2009: A$37b net profit after tax in Aust, re-invested A$38b back into Aust, A$26b in capital expend, A$12b in acquisitions—Rio Tinto
QUESTIONS AND ANSWERS
WikiAnswers - What is the Capital gains tax for profit from ...
It is the same as taxes on ordinary income unless the basis and holding period qualify for treatment as long-term capital gains. Some state income taxes do no differentiate, and so it is all ordinary income. First answer by Wutzyerproblem . Last edit by Wutzyerproblem . Contributor trust : 1023 [ recommend contributor ]. Question popularity : 23 [ recommend question ]. Can you answer these law questions? Related answers: When do you pay Capital gains taxes ? Capital gains are taxes that you pay on profit as a result of selling an asset. Usually you reconcile these when you do your IRS tax ...
Google Answers: How is profit from sale of rental condo taxed?
Hi, Yes, I know I should ask a professional tax advisor, but GA researchers are often just as knowledgeable and a lot more fun. :-) Here are condo specifics: Purchased in 1996 for 75K (in California). Currently no mortgage. I never lived in it; purchased as investment only - been renting it out and declaring rental income on Schedule E (which I believe is taxed as ordinary income). Let's say I sell today for 425K. Is the profit taxed as ordinary income? Or taxed at capital gains tax rate (which I believe is currently not too painful at 15%)? I am not looking to avoid or defer tax - no Starker/1031 exchange in this ...