Tax Collection

Tax bad debts rocket as recession bites

The amount of unpaid tax which is being written off by the Government has rocketed to over £11 billion this year while tax revenues plummet because of the recession. By Melissa Kite, Deputy Political Editor Lord Myners said 90...

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RJD reviews tax collection, utilisation of TFC funds

MCE lagging behind in collecting vacant land tax and property tax, he says ‘Funds likely to be lapsed if they fail to utilise before the end of current fiscal’ ELURU: The lack of coordination in higher echelons of the Municipal...

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Obama, the Nobel Prize And The IRS

The President's Expected Donation of His Nobel Prize Cash Could Cause Him Tax Headaches By ROBERT W. WOOD, Forbes.com President Obama's expected donation of his Nobel Prize cash could cause him tax headaches. Regifting has a...

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IRS has checks for Douglas taxpayers

The Internal Revenue Service is looking for two dozen Douglas taxpayers who are due to receive undeliverable tax refunds. The refund checks were returned to the IRS by the U.S. Postal Service due to mailing address errors. All...

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Federal Judge Allows Class Action Over IRS Refund Notice to Proceed

Dealing another major setback to the IRS in the ongoing litigation over how it handled a massive $8 billion refund for a now-abandoned telephone excise tax, a Pennsylvania federal judge has refused to dismiss a nationwide class...

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Committee Weighs Pros, Cons of Tax Reform

Updated Friday, November 20, 2009 ; 01:52 PM The Tax Modernization Project met Nov. 20 in Charleston. The above were only three of many proposed tax reforms thrown out at the first meeting of the reconstituted state Tax...

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TaxWatch: Can you deduct online-gambling losses? Maybe

A new federal law -- the Unlawful Internet Gambling Enforcement Act -- is slated to go into effect on Dec. 1. But it's still not entirely clear whether online gambling is illegal, or whether you can deduct losses from that...

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VAT rate change confuses everyone

Tax doesn't have to be taxing, says the advert, but it's certainly managing to confuse manufacturers, dealers, car buyers and even HM Revenue and Customs (HMRC). HMRC had originally told What Car? that the only way to avoid...

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Virginia tax collections reflect struggling economy

Virginians are earning less and spending less, and business profits have risen sharply, likely due to cost-cutting measures. How we’re feeling Tax collections show how much we drove, bet and drank in October, too. State...

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Theologians & Economists: Parable of the Talents (1)

Series Index] (After a month long hiatus, we pick up this series again.) In the previous post I noted the problem of reading New Testament stories out of context and unwittingly inserting our economic context into the stories....

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