Russia, which was critical of the tax levy on bank accounts because its locals account for nearly all of the foreign accounts on the island, failed to offer Cyprus financial support on Wednesday.
Media reports say the size of the tax levy would amount to 5.8 billion, or a little more than half of the bailout fund.
Media reports throughout Europe say the size of the tax levy would amount to 5.8 billion, or a little more than half of the bailout fund.
FORBES: Barclays Says Cyprus Bank Crisis Won't Spread To Southern Europe
In New York City a high-income maker would have faced a combined state and local tax levy of 11.3%, easily one of the highest in the country.
The State of New Hampshire is one of nine states in America that does not levy a personal income tax on most forms of wages or income.
FORBES: In "Live Free or Die" New Hampshire, The U.S. Looks For Tax Leadership
France, seeking fresh ways to raise funds and frustrated that American technology companies that dominate its digital economy are largely beyond the reach of French fiscal authorities, has proposed a new levy: an Internet tax on the collection of personal data.
FORBES: France, Google And The Internet Tax: It's Just Not Going To Fly
Moreover, in some of the states with a levy, the amount of assets exempted from the tax has changed from year to year.
In most of the Gulf states, which do not even levy income tax, duties are the third-biggest source of government finance after oil exports and investment income.
Much of the focus for all global markets this week was news that Cyprus was planning to levy a tax on bank deposits as part of a bailout package from eurozone officials.
By law, on top of his income-tax bill any registered church member must pay a levy of 8-9% thereof into church coffers.
The first minister called for the devolution of landfill tax, stamp duty land tax, aggregates levy and air passenger duty, to support the delivery of his government's priorities.
YOU'LL BE SHORTCHANGED Some advocates of a national internet sales tax say such a levy could be made more palatable by combining it with the repeal of federal and perhaps state telephone taxes, which can add up to an almost 20% exaction on your phone calls.
Each patch boosted the amount of income exempt from the tax, saving millions of households from having to pay the levy.
FORBES: How the New Tax Act Affects the Alternative Minimum Tax
To try to get a sense of what such a levy would do to the tax burden across incomes, the Tax Policy Center analyzed a generic consumption tax designed to replace most federal taxes.
FORBES: Do Republicans Really Want to Cut Taxes on the Wealthy and Raise Them on Everyone Else?
Proponents of the Cypriot account levy argue that this way gets foreigners who have taken advantage of Cyprus's low-tax regime to share the cost of the bailout of the country's banks, which have been hit hard by their over-exposure to bad Greek debt.
The White House, for instance, is proposing 81 new tax increases, an average of one new levy every four days.
From April, Tokyo's city government plans to levy a 2-3% tax on the operating profits of big banks based in the capital.
The first new right: A taxpayer who owes back taxes now can appeal to Tax Court to stop an IRS levy or seizure of his property.
Labour backbencher John McDonnell urged ministers to review the possibility of incorporating a bank financial transaction tax within the bank levy.
Unveiling Labour amendments to the legislation, shadow financial secretary Chris Leslie called for a review of the levy - and urged the government to introduce an additional tax on bankers' bonuses.
Stormont wants to reduce the tax - which is a levy paid on the profits of companies - to equal, or even below, the 12.5% rate of its island neighbour, the Republic of Ireland.
The cap, enacted as a step toward controlling property tax rates that are among the highest in the nation, generally restricts districts and local governments from increasing their tax levy by more than 2 percent or the rate of inflation, whichever is less.
This levy, which places a 3.8% tax on various forms of investment income for individuals, trusts, and estates, has been referred to by a number of names.
FORBES: What the New 3.8% Medicare Surtax Means for You And Your Investments
Republicans call the levy the "death tax, " arguing that it forces the sale of small, family-owned farms and businesses because the tax is based on the estate's value.
CNN: Clinton vetoes estate tax repeal; GOP sets override vote
That has pushed the July 1 nationwide average tax on a gallon of gasoline, including the federal levy, up to 49.4 cents a gallon from 47 cents in January, the API calculates.
Six states levy only an inheritance tax, with the rate depending on the relationship of the heir to the deceased and the taxes kicking in, in some cases, on the first dollar of bequest.
With regards to popular migration Laffer and Moore found the nine states that do not levy any individual income tax saw their populations expand by an average rate of 13.9 percent during the most recent decade (2001-10).
FORBES: The Reality Of Higher Taxes On Income Is An Ugly One
The estate tax exemption has never fallen before in the history of the levy.
FORBES: Obama Budget Raises Taxes On Rich And Big Estates, Sends $250 Checks To Seniors
Kerry would also punish risk-takers by increasing the capital gains levy and would reduce the supply of capital by rescinding President Bush's dividend tax reductions.
We'll have to wait for November the 19th to find out exactly what's on the table here, but the guess would be full devolution of some minor taxes - the Aggregates Levy, Air Passenger Duty, Landfill Tax, possibly Stamp Duty?
应用推荐