australian goods and services tax

Well not quite, but the tax man has had a long runing dispute with Mr Gaines-Cooper who thought he followed HMRC guidelines (IR 20) and as such was an X resident for tax purposes having bought a home in Sri Lanka. However the tax man has recently challenged his status applying other factors regading his lifestyle. Although Mr Gaines-Cooper did buy a property abroad and stated this was his home he still retainned property and his family in the UK. So how reliable are the Tax Mans rules in this... Read more

India - Ministry-wise PIB Releases MoS (Home) Jitendra Singh Meets Delhi CM for Exempting Vat on Items Sold through Central Police Canteen Shri P. Chidambaram Writes to Chief Ministers to Maintain High Vigil to Check Communa! l Incidents CBDT Makes Discussion Paper on Tax Accounting Standards Public Wholesale Price Indices for Primary Articles and Fuel & Power in India (Base: 2004-05 = 100) Review for the week ended 8th October, 2011 (16 Asvina, 1933 Saka) All-India... Read more

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.By Cees Bruggemans, Chief Economist of FNB.From pure wilderness, South Africa's dash to urban modernity these past two centuries has been marked by various transport revolutions beyond the traditional going on foot, horse, donkey cart and ox wagon.Today we enjoy availability of modern high-technology railways, bus and taxi services and passenger and commercial road transport on an extensive network of... Read more

There are two ways you can file tax returns if you are married: married filing jointly, or married filing separately. Many married couples file joint tax returns each year and experience either a marriage bonus or a marriage penalty for doing so. The penalty occurs if putting two people's income together increases their earnings and pushes them into a higher tax bracket than if they would have filed separately. The bonus occurs when two people make unequal incomes and part of the higher income... Read more

Words of wisdom from Mark Cuban, billionaire owner of the Dallas Mavericks:  . . . Go out there and get rich. Get so obnoxiously rich that when that tax bill comes, your first thought will be to choke on how big a check you have to write. Your 2nd thought will be ?what a great problem to have,? and your 3rd should be a recognition that in paying your taxes you are helping to support millions of Americans that are not as fortunate as you. . . . While some people might find it distasteful to pay... Read more

ifaonline A report by anti-poverty charity ActionAid revealed that a quarter of the UK's top 100 companies have offshore subsidiaries and has called for an end to tax haven secrecy.