by taxPRO Websites Staff | Jul 16, 2020 | Tax Tips and News
Tax Policy – Cigarette Taxes in Europe
To ensure the functioning of its internal market, the EU sets a minimum excise duty on cigarettes. It consists of a specific component and an ad valorem component, resulting in a minimum overall excise duty of €1.80...
by taxPRO Websites Staff | Jul 16, 2020 | Tax Tips and News
Tax Policy – Sources of Personal Income, Tax Year 2017 Update
Key Findings Taxpayers reported about $11 trillion of total income on their 2017 tax returns. About 68.8 percent ($7.5 trillion) of total income reported on Form 1040 consisted of wages and...
by taxPRO Websites Staff | Jul 15, 2020 | Tax Tips and News
IRS Tax News – Partnership form being redesigned for 2021
The IRS proposes modifying the partnership form (Form 1065) to help standardize the format of international tax items.
Source: IRS Tax News – Partnership form being redesigned for...
by taxPRO Websites Staff | Jul 15, 2020 | Tax Tips and News
Tax Policy – Hungarian COVID-19 Response: Surtax for Banks and Retail
In response to COVID-19, Hungary has implemented tax relief measures as well as additional tax in some sectors in order to make up revenues. Some tax relief measures have been targeted...
by taxPRO Websites Staff | Jul 15, 2020 | Tax Tips and News
Tax Policy – Marginal Tax Rates for Pass-through Businesses by State
Pass-through businesses, such as sole proprietorships, S corporations, and partnerships, make up a majority of businesses in the United States. The owners of these firms pay individual...
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