 How or where do I find out my tax code? |
| If I was still in employmment I should be able to get this easily but I have left my employment for a considerable time but now need this tax code. Can anyone help please?... |
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 Expecting 6k in tax return & want to not spend, but save. What would be the best thing to do with my return? |
I'm 40yrs. old, single mom w/2 kids, hardly any savings & rent an apt.
I really want to use my tax refund wisely; the only debt that I have is my car payment.... |
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 Why should I have to pay Social Security taxes when I know I wont get the benefits? |
| Im 23 years old and pay over a hundred dollars per paycheck towards social security. The program is doomed and theres no way I will get a check every month when I retire so why should I be forced to ... |
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 Has anyone gotten their stimulus check yet? |
| I had direct deposit and the last two digits of my social is 01. I am single with 0 dependants. I heard it was suppose to start early on Monday and should be done by Friday.....but it's Friday ... |
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 Stimulus Payment? |
| Someone told me that the direct deposit tax refund regardless of their ss# will all get them by 5/2 yet I went to IRS site and went through the "Where is my Stimulus Payment" and it said We ... |
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 Will IT Dept be able to track down my interest income frm FDs even if I don't disclose it while filing return? |
I have several fixed deposit accounts with State Bank of India, where I have declared my PAN number.
Now while filing my income tax return at the end of the financial year if I don't ... |
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 Can my future mother-in-law claim my fiance?? |
| My fiance's mother wants to claim her as a dependant on her taxes. I'm not sure if she can do that, my fiance is 22 and she made over $17,000 this year. she did live at her mothers house ... |
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 Holiday pay help? |
If you leave a job are you entitled to the whole years holiday pay, I am sure you aren't and I am trying to prove a point. Thanks
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sorry I am in the UK... |
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 Do you tip your tax preparer? |
| Instead of doing my taxes myself, for my first time I went to an H&R Block office. I was truly grateful for the assistance the tax preparer gave me. She was extremely helpful, and even held the ... |
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 New bank holiday for the uk....? |
forget about the extra bank holiday, instead how about a tax free week every year. help us catch up with our out goings. whoose up for signing a petition.....
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Hi ya ... |
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 Where is there a law stateing u have to pay income taxes? |
it says they could tax workers ,but there is no law that states u have to pay
Additional Details
www.zeitgeistmovie.com/ check it out the whole ... |
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 Is the Countil tax fair? |
| My rent is £78 quid a week and C.tax is £23 it looks as if the C.tax could one day be more than my rent.... |
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 Are you Americans happy now that puertoricans are starting to pay more taxes? |
| They have to pay 7% more of taxes (sales tax) in everything they buy. I don't know why you people complain when the salaries of puertoricans are still less than yours. A professional in the U.S ... |
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 Is this what our council tax goes on their wages? |
http://uk.news.yahoo.com
Thoughts please.
Thanks.... |
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Giggly Giraffe | Could a company like Coca-Cola decide to move to the Philippines and stop paying USA taxes? |
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BigD
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Not anymore!
It used to be just that they could pay the tax and get out as Lewis Y suggests, but in 2004, Congress passed Section 7874 of the Internal Revenue Code, which prevents just the idea you suggest.
Section 7874 says that if you are a US company and you "invert" to become a foreign company and you have at least 80% of the same shareholders you had before the inversion, you will still be treated as a US corporation for all purposes of the Internal Revenue Code unless you have “substantial business activities” in the country you moved to. (There are other, milder, penalties if you have at least 60% but fewer than 80% of the same shareholders you had before.) Thus, moving to true tax havens is not really possible anymore . . . though a company may be able to move to a more favorable jurisdiction if they have operations, assets, and sales in that country.
Interestingly, there will be an article on this topic in next week's Tax Notes International, and there was an article in the July issue of the Journal of International Taxation. |
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tortuga
 |
I think the Philippines are a United States territory so that wouldn't work |
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Lewis Y
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Kind of, Sort of, and NO. First, there is a huge tax on all US assets moved abroad.
Secondly, they would still have to pay taxes on their US earnings.
We get into shadow pricing here, but that is little complex. Basically, it means the shelter corp overcharges the overseas company for some assets. So if Coke were charging for the trademark and licensing fees, that asset would be heavily taxed if it were transferred abroad.
If IRS finds shadow pricing, the company is assessed all back taxes and penalties and interest. They also amass huge legal fees
Thirdly, they would lose the protection of the US Government from nationalization or seizure of assets.
Coke is big, but I think even they use OPIC(overseas private investment corporation, a US Govt entity) to protect some of their foreign assets. That wouldn't be available to them if they were based overseas.
BTW, Stanley Tools gave up on their scheme to move to Bermuda, because the IRS was going to prosecute. IRS does have authority to pursue CRIMINAL PROSECUTION, that could result in jail time..
http://www.law.wayne.edu/McIntyre/text/in_the_news/stanley_stays2.pdf |
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lolly
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yup |
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FF
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They don't need to.
http://www.aflcio.org/corporatewatch/ns09222004.cfm |
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sam21462
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yes .. many companies do that sort of thing .... there is actually a tiny little rich country in Europe called Lichtenstein that is famous for having many many huge companies that are headquartered there for tax reasons. Most only really have post office boxes there so they can be "official". |
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sharpshooter
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Nope, domestic and foreign companies still have to pay IRS taxes as long as they have income from operations in the US. However, they might able to less the tax burden by having overseas operations. |
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dcase1122
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Yes companies do it all the time |
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Panacea
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Nope |
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SuzeY
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They'd have to move every last facility they own in the United States to the Philippines and change their corporate charter from a US company to a Philippine company in order to avoid US income taxes. However, they'd still be hit with some US import fees, I would imagine. |
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