The imposition of excise tax on these unbranded players will cut into their already razor-thin margins.

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Last year Congressman Peter DeFazio proposed a similar act, suggesting a tax imposition of 0.03 percent on financial transactions.

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From the German or eurozone point of view that is: Wolfgang Schauble seems to be asking for the worst of all possible worlds over the imposition of the financial transactions tax.

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What is not authorized by Congress, as U.S. District Judge Boasberg ruled originally, is the imposition of additional requirements that tax return preparers who are not otherwise exempt from these specific requirements (basically, attorneys, CPAs, enrolled agents, or enrolled actuaries) must meet in order to prepare returns.

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China was one of the states most vehemently opposed to Europe's unilateral imposition of this "carbon tax" and today the Chinese official news agency Xinhua said the government had banned the country's airlines both from buying permits and from adding supplements to their ticket prices to cover their cost.

ECONOMIST: Business travel

Under the terms of the amnesty, which are a lot less generous than previous amnesty programs, eligible taxpayers must concede 100% of the claimed tax losses, must pay all applicable interest and must accept the imposition of a penalty unless they had previously disclosed their participation in the transaction.

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