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Michael Jackson's Looming Estate Tax Disaster

In a previous article, Estate Planning Implications of the Right of Publicity, 68 Tax Notes 95 (1995), I warned that celebrities (and their counsel) must carefully plan their estates in light of the inclusion of the value of rights of publicity for estate tax purposes under § 2033.

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Armenia Forbids Small Business Tax Inspection

The government of Armenia made a decision which forbids the tax authorities to conduct tax inspections in small businesses aiming to relieve the small business owners from unnecessary difficulties with tax authorities.

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Texas Gets Memorial Day Sales 2009 Tax Break

Texas is really getting some good holiday on this memorial day. Beginning Saturday, May 23. the Energy Star Memorial day sales tax of 2009 will take place.

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Is a Web Sales Tax on the Way?

With states needing as much revenue as possible during this recession, it looks like Congress is now ready to move in the direction of creating a sort of "Internet sales tax," forcing e-tailers such as Amazon.com, eBay and the like to collect sales tax on purchases even if the buyer is from a state where the e-tailer has no brick-and-mortar presence.

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Tax Foundation Says Income Tax "Too High" Needs Reform

According to Tax Foundation poll 2009 survey asks new questions on junk food taxes, state-run lotteries. Results show sharp divergence of opinions people saying income tax is too high and the tax code needs reform.

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Overstock.com Joins Amazon.com; Sues New York Over Amazon Tax

With the so-called "Amazon Tax" taking effect in New York state on Sunday, Overstock.com filed suit Friday against New York, joining Amazon.com, which filed a similar lawsuit in early May.

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Amazon Tax Begins Goodbye to the Sales Tax-Free Internet?

On Sunday, June 1st, the so-called "Amazon Tax" goes into effect in New York state. While formerly only retailers with brick-and-mortar stores in a state were required to collect sales tax, New York has enacted a law which forces etailers to collect tax on sales, if they have affiliates which redirect traffic to their sites (e.g., Amazon.com affiliates).

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Amazon.com Sues New York Over the Amazon Tax

We wrote earlier about the so called Amazon Tax that the state of New York is making ready, which would force e-tailers to collect sales tax on purchases made by New York State residents. In the past sales tax collection has only been required of retailers who had a physical presence in a state.

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New York Readies for Its Amazon Tax

The passage of New York's so-called "Amazon Tax," bill, which would force e-tailers to collect sales tax from New Yorkers making purchases, has since been signed, as it set to go into effect on June 1st, bringing in an estimated $50 million in revenue this year and $75 million in 2009.

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SC Governor Proposes Flat Income Tax

Governor Sanford of South Carolina Calls for Income Tax Rate Cut of 50 Percent. He proposes optional flat tax to be offset by cigarette tax increase.

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Tax and budget reform panel in Florida approves McKay sales tax proposal

A committee of the Florida Taxation and Budget Reform Commission on Thursday gave first approval to a plan (CP 0002) that would mandate taxation of goods and services to buy down school property taxes, despite strong opposition from business groups concerned the measure would jeopardize Florida’s ability to compete for new business and industry.

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Tax reforms gains momentum in India

With industry and tax payer- friendly initiatives taken by Finance Minister P Chidambaram this year, the government of India has succeeded in achieving unprecedented growth in tax collections.

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