Managing the Global Mobility Function 2012: Now Available
Tag Archive
United States: States Offer Taxpayer Relief for Victims of Hurricane Sandy
Several U.S. states have instituted various forms of relief to taxpayers affected by the destruction wrought by Hurricane Sandy at the end of October, which left thousands of victims in its wake without power or telephone service, and caused serious damage to homes, personal property, and businesses. We cite some recent articles published in... »
United States: IRS Announces Tax Relief for Victims of Hurricane Sandy
The U.S. Internal Revenue Service (IRS) has announced a number of measures targeted at providing tax relief for victims of Hurricane Sandy. These measures include the following: • Qualified disaster relief payments made to individuals by their employer or any other person can be excluded from the taxable income of the recipients; • Employees... »
Ireland: Finance Bill 2012
The Irish government recently published Finance Bill 2012.1 It contains the draft legislation aimed at implementing the measures announced by the Minister of Finance in his 2012 Budget speech delivered on 6 December 2011.2 It contains draft legislation on a number of new measures. The Bill contains legislation to implement various pro-growth measures previously... »
Jersey (Channel Islands) Budget for 2012
The Draft Finance (2012 Budget) (Jersey) Law 201- had its third reading in the States Assembly, Jersey’s legislature, on 8 November 2011. The draft Finance Law embodies measures contained on the draft 2012 Budget Statement which was issued on 23 September 2011. Some of the measures potentially impacting individuals are highlighted below. Income Tax... »
Ireland’s Budget for 2012 Unveiled
On 6 December 2011, Ireland’s Minister for Finance introduced his 2012 Budget (the Budget).1 It followed the publication of the Spending Estimates the day before. The Budget, which deals solely with taxation measures, is aimed at reducing the public deficit, largely by raising revenue. Measures include raising the standard rate of VAT by 2... »
United Kingdom: Delays Legislation on Statutory Residence Test
H.M. Treasury announced in a “Written Ministerial Statement” (WMS) that the proposed legislation on a U.K. statutory residence test will be delayed until the Finance Bill 2013 and implementation delayed until 6 April 2013.1 Background In June 2011, H.M. Treasury issued a consultation document “Statutory definition of tax residence a consultation.” (For details of... »
United States Tax Developments
In this news item we highlight some recent tax developments in the United States that may impact individuals and their multinational employers. Estate Tax Returns: Extension of Payments Due and Filings On September 13, 2011, the U.S. Internal Revenue Service (IRS) released an advance copy of Notice 2011-76 which provides the executor of an estate... »
United States: IRS Declares Parts of South Dakota, Missouri, Nebraska Disaster Areas
The U.S. Internal Revenue Service (IRS) recently announced that certain parts of South Dakota, Nebraska, and Missouri have been designated federal disaster areas as a result of severe flooding. Taxpayers in the federally-designated areas are granted relief from penalties and interest associated with various return filing and tax payment deadlines. Similar relief was granted... »
United States: Parts of Montana and North Dakota Deemed Federal Disaster Areas by IRS
The U.S. Internal Revenue Service (IRS) recently announced that certain parts of Montana and North Dakota have been designated federal disaster areas as a result of severe storms and flooding. Taxpayers in the federally-designated areas are granted relief from penalties associated with various return filing and tax payment deadlines. This follows the relief granted... »
Oklahoma: Storm Victims Eligible for IRS Disaster Relief
The U.S. Internal Revenue Service (IRS) has announced that victims of severe storms, tornadoes, and straight-line winds beginning May 10, 2010, in parts of Oklahoma that have been designated federal disaster areas, are granted extended deadlines for various return filing and tax payment deadlines. »