Tax eBrief News
Welcome from AboutCashFlow.com to the top tax and accounting headlines from Reuters and other sources.
MOST people think they pay too much in taxes and will do their best to avoid them, but few take that a step further into illegal tax evasion.
* Navigating between tax avoidance and evasion. Paul Sullivan – The New York Times. It is fairly difficult to evade taxes on legitimate investments because the I.R.S. can crosscheck the forms supplied by the company and the individual. Where people run afoul of the law is when they cut corners. Link
* Tax help comes with health insurance advice. Chad Terhune – The Los Angeles Times. As tax season kicks into high gear across the country, millions of Americans are getting their first taste of the biggest change to health insurance in nearly half a century. Link
* Here’s the start of your tax troubles. Annie Lowrey – The New York Times. This month, one of the most despised institutions of American government turns 100: the permanent income tax. Link
* Hot markets, tax headaches. Maxwell Murphy – The Wall Street Journal. Few of the world’s biggest companies have been able to resist investing in fast-growing economies like Brazil and India, but those same countries are causing them big headaches when it comes to taxes. Link
* Nokia protests over Indian tax raid. Sven Grundberg – The Wall Street Journal. Nokia Corp. on Tuesday said it has sent letters of complaint to Indian tax authorities after officials in the South Asian nation last month raided its manufacturing facility in Chennai. Link
* Where you’ll pay the highest sales taxes. Laura Saunders – The Wall Street Journal. Tennessee (9.44 percent), Arizona (9.16 percent), Louisiana (8.87 percent), Washington (8.86 percent) and Oklahoma (8.67 percent) have the highest combined state and local sales taxes. Link
* A buckeye tax reform. The Wall Street Journal editorial. Ohio’s tax system hasn’t been fundamentally redesigned since the Great Depression. If Gov. John Kasich can beat back the corporate lobbyists and public unions, he’ll turn Ohio into an even bigger growth story. Link