Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Wall St. Bonuses Taking 14% Beatdown, Could’ve Been Much Worse
By Janet LevauxBut these declines, reported by the New York Comptroller, are much smaller than the fall in profits, experts say.
February 23, 2012
U.K. Wealth Tax Brought Less Revenue Than Before Tax HikeAdvocates for lower taxes are sure to take the recent poor revenue results in the U.K., which last year raised its top rate on high income earners from 40% to 50%, as a demonstration of the ineffectiveness of a tax-the-rich policy.
February 23, 2012
Greek Debt Crisis Weighs on BanksEuropes banks are tallying up the losses from Greek sovereign debt, and the picture is not a pretty one. Euro losses in the billions are taking a toll on earnings and banks are posting heavy hits in the midst of a need to find additional capital to meet new banking...
February 23, 2012
Obama Signs Payroll Tax Cut Extension into LawPresident Barack Obama signed the payroll tax cut extension into law Wednesday, notching an election-year victory and rare bipartisan agreement in the continuing partisan battle over jobs, taxes and debt.
February 22, 2012
Romney Calls for 20% Income Tax CutsRepublican presidential hopeful Mitt Romney on Wednesday called for 20 percent across-the-board cuts in personal income tax rates as part of a program to help the economy grow.
February 22, 2012
Romney Calls for 20% Income Tax CutsRepublican presidential hopeful Mitt Romney on Wednesday called for 20 percent across-the-board cuts in personal income tax rates as part of a program to help the economy grow.
February 22, 2012
White House’s Corporate Tax Reform Derided by Republicans, BusinessesThe Obama administration has unveiled a framework for corporate tax reform that lowers rates while eliminating loopholes, but the proposal has already met with sharp criticism from Republicans and corporations for proposing a rate higher than the developed-country average.
February 22, 2012
Republican Image on Taxes Takes a Hit (Los Angeles Times)Republicans have had a clear advantage in voters' minds on taxes for years, but it's being challenged by recent debates over the payroll tax cut.