Taxation Law Articles

Articles written by lawyers and expert witnesses worldwide
explaining the different aspects of Taxation.

Israel Tax Summary for 2012

Israeli tax law system, tax rates, and update of new changes following Israel Tax Reform: Trajtenberg Proposals.
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Calculating Property Taxes into Your Budget

It’s vital to understand how much your property taxes are going to cost before you purchase a property. If complications with your taxes arise...

Lending a Helping Hand Can Reduce the Taxable Value of Your Estate

You gain a sense of satisfaction from acts of generosity that really cannot be adequately described in words. Being in a position to help others...

Estate Taxes - How to Plan Your Estate to Avoid Them

Most people are accustomed to taking into account the tax ramifications of purchases expenses and investments as they apply to personal income...

Attracting the “Best of Breed” for Malta’s Financial Services Industry

An outline of the Highly Qualified Persons Rules, 2011 - Managing Growth - Malta has attracted much media attention as an up-and-coming onshore...

Avoiding Tax Scams

Tax scams involve trying to cheat individuals out of their money. But it can also involve cheating the government, too. While some of these...

Fitchburg Estate Planning Attorney Discusses Grantor Retained Annuity Trust

If you have spent a lifetime building up your estate, then you likely don’t want to lose half of it to estate taxes upon your death....

Tax Information Exchange Agreement Signed between Malta and Gibraltar

Malta and Gibraltar signed a Tax Information Exchange Agreement (TIEA) on the 24th January, 2012. It is understood that the Malta - Gibraltar...

Estate Tax Changes for 2011

In estate planning circles the estate tax is always a core issue, but it was an especially hot topic in 2010. A provision contained in the...

Death and Taxes

The “death tax” is a euphemism for the estate tax. Estate tax is imposed "on the transfer of the taxable estate of every decedent who is a...

Tax Information Exchange Agreement Signed between Malta and the Bahamas

A Tax Information Exchange Agreement (TIEA) has been signed between Malta and the Bahamas enabling a full exchange of information between the...

Hurdling a Round of Taxation

Taxes are an interesting thing because they can spawn conflicting emotions. Money is hard earned and nobody wants to part with a significant...

A Look at the Future of the Estate Tax

Back in 2010, there was a lot of uncertainty surrounding the estate tax. The tax was repealed for that year due to provisions contained within...

How to Use the Gift Tax Exemption and Exclusion

Anyone who has a substantial estate knows that avoiding estate taxes is one of the primary goals of estate planning. The estate tax rate changes...

Trust Fund Recovery Penalty – A Nightmare for Businesses

Payroll tax problems are highly unique by a number of measures. Payroll tax problems are generally regarded much more seriously than other tax...

Post-Assessment Collection of Delinquent State Taxes in Hawaii

In 2009, Hawaii enacted a prospective fifteen-year civil statute of limitations for collection for most assessed tax obligations (Net Income...

Florida Estate Taxes

Many states enacted estate tax programs which supplemented the federal estate income tax laws. Known as “pick-up” taxes, state estate tax...

Reducing Tax Exposure

The estate tax can have an enormous impact on the family members that you will be leaving behind and it is something to be very aware of when...

IRS Tax Liens – How To Release Them

While IRS Tax Liens are not as serious as levies, they are a warning shot across the bow and if action is not taken to satisfy the IRS, a levy...

Wage Garnishment – How to Stop the IRS

IRS wage garnishment can be stopped in essentially two ways; Either solve your tax problem or to cancel or delay the effects of the wage levy....

Get Help for IRS Problems by an Experienced Tax Lawyer

Below are answers to common questions troubled taxpayers ask when deciding on whether or not to retain the services of a tax attorney.

Federal Income Taxes on Inheritances

In most cases, the Internal Revenue Service does not impose federal income taxes on inheritances. Thus, recipients of large inheritances may not...

Bulgarian Corporate Income Tax Rate 2012

Planning all corporate taxes: income taxes, VAT, withholding taxes, dividends taxes and considering the tax impact on your business, should play...

Operating a California Corporation

The purpose of this Memorandum is to discuss certain procedures and operations relevant to a newly-formed California corporation. The summaries...

Do I Need to Worry about Estate Taxes?

In America, it seems as though we are always worrying about one tax obligation or another. Everything from our income to the food we purchase is...

Foreign Loans in Belarus

Loan agreement is one of the most common ways of financing in Belarusian companies when a foreign shareholder provides a loan to the Belarusian...

An Intelligent Response to Estate Tax

On the surface it would seem as though you no longer have to worry about the estate tax if your estate is worth $5 million or less....

Repeal of Estate Tax is a Possibility

When the tax relief measure was signed into law in December that extended the Bush era tax cuts the estate tax parameters were affected. If the...

Understanding How Value Added Tax (VAT) is Applied in the Democratic Republic of Congo

Almost unknown in 1960, the value added tax (VAT) is now found in more than 130 countries, raises around 20 percent of the world’s tax revenue ,...

Estate Tax

There are a lot of things about the estate tax that many people simply can't digest, and this is why there is always pressure being applied from...

German Law on Inheritance and Gift Tax: New Regulations for Situs Taxation in Force

The article outlines the new regulations for situs taxation in Germany. Pursuant to Section 16(1) of the German Law on inheritance and gift tax...

German Inheritance Tax - Tax Liability in Germany

The article outlines the rules of tax Liability in Germany. According to § 2 Erbschafts- und Schenkungsteuergestz (ErbStG) unlimited inheritance...

Estate Tax Exposure

A lot of people call the federal estate tax the "death tax, “and many consider it a sarcastic term. Some probably do use it in this spirit, but...

Tax Differences between Contractors and Employees in New Jersey

Many businesses pay two different kinds of workers: contractors and regular employees. Come tax time, many businesses face worker classification...

A Look at the Gift Tax

We have all experienced the indescribably pleasant feeling that goes along with an act of giving. Making someone else happy is a great...

Gift Tax Raises Questions

We have a federal gift tax in place, and at the present time it is carrying a 35% rate. When you think about any tax that will consume over a...

Tax Discounts with Family Limited Partnerships

Significant gifts come with a cost in the United States via the imposition of the federal gift tax. This tax is carrying a 35% rate at the...

“Green” (“Feed-In”) Tariff in Ukraine

The “green” tariff for electricity (also known in many other jurisdictions as the “feed-in” tariff) was introduced in Ukraine relatively...

Real Estate Transactions in Mexico in a Nutshell

The Mexican Constitution expressly forbids the direct acquisition of real estate by foreign individuals or foreign entities in the so-called...

Direct Asset Transfers Free of the Gift Tax

Taxation is an interesting thing, and a lot of people would question why you should have to pay a tax when you give someone a gift.

Giving Gifts Can Provide Tax Savings

The federal estate tax looms as a significant source of asset erosion and taking steps to mitigate your estate tax exposure is a big part of...

Reducing the Taxable Value of Your Home

When you are inventorying your assets in anticipation of distributing them to your loved ones after your death you may find that your home is...

Delinquent Taxes - Get Help From an Experienced Tax Attorney

Taxes get the distinction of being called delinquent by the IRS under a specific set of circumstances. Once the due date of a tax liability...

The Hand of Taxation

Much of estate planning focuses on the reduction or elimination of taxes, with good reason. Consider the “hand of taxation «which represents all...

Estate, Gift, and Generation-Skipping U.S. Tax Treaties

The U.S. is a signatory to several important estate, gift, and generation-skipping transfer tax treaties. The article gives a short introduction...

Access and Admission of Foreign Investors in the Democratic Republic of Congo

This articles discusses the Investment Legislation and its Reasoning; Foreign Investment Establishment, Registering and Licensing Processes;...

The Foreign Investment Operations in the Democratic Republic of Congo

This article shares the views on the Foreign Investment Operations in the Democratic Republic of Congo including Employment, Business Taxation,...

Choosing the Right Charity

Giving to charity is something that is personally rewarding, but it can also have value from a tax perspective.

Estate Tax Changes Loom Over Horizon

One of the things that you have to keep in mind when you are serious about crafting your legacy is the fact that updates to your estate plan are...

Business Environment in the Republic of Belarus: Review of Tobacco Industry

Law Firm Glimstedt presents the overview of tobacco industry in Belarus. The article covers the following matters: current business trends and...

Tax Measure Details Relevant to Estate Planning

As we allow the impact of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 to set in some of the finer...

IRS Tax Problems for Federal Taxpayers to Avoid

IRS Tax problems can quickly get out of control. It is crucial any taxpayer who has fallen behind on their federal taxes review their situation...

IRS Tax Lawyers Solve Your Tax Problems

Many people from all walks of life can end up with unwanted attention from the Internal Revenue Service. From the average Joe to self employed...

What is a Valuation Dispute?

A classic case of a dispute that is mostly just a case of disagreement between the government and the taxpayer is an IRS valuation dispute in...

2013 to Bring Changes to Estate Tax

They say that the only constant is change, and some of these changes are for the better while some of them are for the worse.

Payroll Taxes and Trust Fund Recovery

The IRS has made some changes, taking advantage of new payment technologies that remove any wiggle-room for employers to make the payroll tax...

IRS Tax Liens and Levies - The Strongest Debt Collection Methods

If you owe money to the IRS and they find that you are not paying your taxes they will take money from you right out of your bank account. Tax...

Reasons to Hire a Tax Attorney and Not a CPA for IRS Problems

While there are many reasons to hire a local tax attorney for tax problem resolution there are two major reasons above all others.

IRS Wage Levy Can be Stopped by Legal Action

Of all of the methods the IRS can employ to collect on back tax debt none are worse than the Wage Levy. Also called wage garnishment, an IRS...

Offer in Compromise - Is Pennies on the Dollar for Real?

Learn The Truth About The OIC Program - By now, most troubled taxpayers looking for a way to resolve their IRS debt have seen commercials from...

Life Insurance in Estate Planning

Life insurance is a key component to the estate planning process. Gone are the days when life insurance was primarily thought of as a means to...

Tax Act Expiration May Impact Your Estate Plan

You have to keep abreast of the ever-changing tax laws if you want to be prepared every step of the way as you are crafting your legacy over the...

Who Needs to Plan for the Federal Estate Tax?

In 2011 and 2012, your estate will pay up 35% of any assets that go over your federal tax exemption amount.

Tax Laws in Ethiopia

Brief note on the various tax laws of Ethiopia. In Ethiopia there are two types of tax. These are direct and indirect tax.

Areas of Investment Provided by the Ethiopian Investment Laws for Domestic and Foreign Investors

Do you want to know about areas of investment permitted for investment according to Ethiopian law? Below you will find these areas of investment...

2013 Estate and Gift Tax Exclusion Rollback Being Advanced?

In December 2010, Congress quickly passed some changes to the Estate and Gift Tax law that increased the lifetime gifting exclusion from...

Exploring Alternatives to Chicago’s “Parking Tax”

Chicago’s 2012 budget was recently released and includes a newly proposed “parking tax” which is proving to be unpopular with many Chicagoans....

New Malta – China Double Tax Agreement

A new double tax agreement between Malta and China entered into force. The new agreement replaces the previous long-standing double tax treaty...

Israeli Withholding Tax

Section 170 of the Israeli Tax Ordinance (New Version), 5721-1961 (hereinafter: "the Ordinance”) that is titled "Duty of a person making payment...

Three Legal Programs To Get Out Of IRS Tax Trouble

Many people have heard or seen advertisements from tax help firms tax speak of settling back tax debt for “Pennies on the dollar”. The program...

What Is the Difference between an IRS Bank Account Levy and Garnishment

Bank Levies and wage garnishment are often confused. Many times a bank levy is mistakenly referred to as a "Garnishment". The main differences...

Payroll Trust Fund Tax Problems Are in Another League

A lot of businesses are skating on thin ice when it comes to trust fund taxes. However easy it may be to rationalize using the payroll taxes...

Egg Shell Audit – Advice from New Jersey Tax Lawyers

An eggshell audit is an audit in which the returns you have filed contain an understatement of income, an overstatement of deductions or...

What Steve Jobs Might Have Done to Protect his Vast Estate

There is no doubt that Steve Jobs was a visionary. From the mouse to the iPad, Steve Jobs forever changed the way we communicate. Soon after the...

Malta and Israel sign Double Tax Convention

A Convention for the Avoidance of Double Taxation has been signed by Malta and Israel. The Convention fixes maximum withholding tax rates...

U.S. Capital Gains: An Introduction

An introduction to U.S. Capital Gains for international clients.

Trajtenberg Proposals - Israeli Tax

The following is a summary of the main tax proposals by the Trajtenberg committee:

Estate Tax: A Lot is Riding on This Gamble

Whether you are the gambling type or not, you have no choice but to be involved in a high-stakes gamble regarding the estate tax. Depending on...

Your Off-shore Entity’s Rental Income Tax in Thailand

The use of off-shore entities, such as a company incorporated in the British Virgin Islands (“BVI”) to own real estate is not uncommon in...

When Will We See the End of the Thai House and Land Tax?

If you or your company own a condominium unit or villa here in Thailand that was used for even one day (with or without having actually received...

Capital Gain and More Than Your Company Bargained for

What people commonly suspect in the Thai real estate market is that if a company sells immovable property such as land it is subject to a...

Taxation of Personal Rental Income

Many purchasers of real estate in Thailand are not using their newly purchased home as a permanent personal residence. Such assets are often...

Israeli Tax and US LLC

A Limited Liability Company (LLC) is an important investment vehicle for Israelis who operate in the US. An LLC is a company incorporated under...

LEGISLATIVE PROPOSAL PREPARATION ON EU FINANCIAL TRANSACTIONS TAX

Finance ministers and Central Bank governors of European Union Member States debated during the last informal Economic and Financial ECOFIN...

Excise Tax Fraud

Excise taxes are taxes on the purchase of a particular quantity of a particular item, such as gallons of wine or gasoline, much like a sales...

Malta Permanent Resident Scheme to be replaced by High Net Worth Individuals Scheme

Malta’s finance minister Tonio Fenech announced this morning that a High Net Worth Individuals Scheme will be replacing the now obsolete...

Sunset of Tax Relief Bill Looms

Without being partisan in any way, the fact is that the results of the midterm elections had a lot to do with the extension of the Bush tax cuts.

Do Not Make This Major Estate Planning Mistake

Most people know that the proceeds of a life insurance policy are generally free of income taxes. What many do not realize, however, is that...

Tax-Free Educational Gifts & The Estate Tax

The estate tax is one of the first things that you should take into consideration when you are planning your estate.

Paying Your Business Payroll Taxes Is Tough - The IRS Is Tougher

In difficult economic times just maintaining enough sales to keep your doors open and business operation can be a real challenge. So it's easy...

Israel Tax Treaties with Malta and Panama

A treaty for the avoidance of double taxation has been signed between Israel and Malta, and a treaty for the avoidance of double taxation has...

A Look at Gift/Estate Tax Exemption

One of the reasons why it is advisable to retain the services of an experienced estate planning attorney is to guide you in a manner that...

Exchange of Tax Information between the Czech Republic and Bermuda

The Czech Republic has concluded another agreement on exchange of information on tax matters (TIEA). Following the signing of similar agreements...

Generation-Skipping Trust Can Provide Estate Tax Relief

There are a lot of people who think that the estate tax is fundamentally unfair for a number of different reasons.

Malta Tax Treatment of Royalties Derived from Patents

Royalties accruing to a person ordinarily resident and domiciled in Malta would be subject to tax in Malta – regardless of the source of such...

Estate Tax Relief Is Not Permanent

People who are interested in estate planning are well aware of the fact that there were some significant changes to the estate tax parameters...

Roth Conversions

As you probably know, beginning January 1, 2010, Washington loosened rules for converting traditional IRAs (with taxable withdrawals) to “Roth”...

Ignore Your Retirement at Your Own Risk

There are those who are under the impression that they will somehow automatically retire when they reach their mid-60s. They think that they...

Are You Ready for Retirement

Unfortunately, many of the latest statistics suggest that the majority of Americans nearing their 60s are not ready for retirement. Although...

No Will No Control

If you want to have some control over your future, then you need to create a will. Many people assume that their wishes will be respected, even...


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