Direct Tax

• Direct taxes

• Impact of Corruption On Foreign Direct Investment and Tax Revenues

Using Transparency International's Corruption Perceptions Index (CPI), this paper establishes a statistically significant link between CPI and foreign direct investment (FDI) flows to 54 developing and developed countries. In addition to each country's CPI, several location and economic characteristics are also postulated to influence FDI. For a group of 22 developing countries, the paper then simulates the impact of an improvement in the CPI score on FDI. This simulation shows that a one point improvement in CPI would generate on average additional FDI of 0.5% of GDP. For instance, the gain in annual FDI would be $7.5 billion for India and $18 billion for China. The paper further simulates the effects of larger FDI on the generation of taxable income and tax revenues in each country us...

• Journal of Public Budgeting, Accounting & Financial Management
• Vol. 17 Nbr. 3, October 2005

• Fixing the constitutional absurdity of the apportionment of direct tax.

The Constitution requires that direct taxes be apportioned among the states according to population. (1) Before the abolition of slavery, the formula ...

• Constitutional Commentary
• Vol. 21 Nbr. 2, June 2004

• Refund of Federal direct tax part of school fund -- Irredeemable bond

• Kentucky Constitution

• India Direct Tax Code Brings Relief from Double Taxation: Nair & Co.

SUNNYVALE, Calif. -- The Indian finance minister recently presented in parliament the proposed Direct Tax Code (DTC) that eases fears of double taxati...

• Business Wire
• September 22, 2010

• Income taxes: Taxpayers claiming direct and indirect foreign tax credits; paid tax amounts determination for Section 901 purposes; hearing,

• FR, March 30, 2007
• Proposed rules
• Internal Revenue Service

• India Budget 2011 Confirms Implementation of Direct Tax Code, Reduces Corporate Tax: Nair & Co.

SUNNYVALE, Calif. -- India's federal budget announced on Monday brings a welcome reduction in surcharge on corporate tax for foreign companies from 2....

• Business Wire
• March 03, 2011

• Rushcard to Grant Vip Access to Members Who Direct Deposit Tax Refunds

I look forward to having lunch with a RushCard member in New York City," said [Russell Simmons]. "Not only will I get to know the winner better but I hope to learn how RushCard can better meet the needs of those we serve." Simmons launched RushCard to help people without traditional banking relationships gain the access to the financial services and respect that they deserve. RushCard and Baby Phat RushCard members who direct deposit their federal or state tax refunds will automatically be entered to win a trip for two to New York to have an exclusive lunch meeting with Simmons and get a private shopping spree at a selected store in New York City.

• Michigan Chronicle
• September 04, 2009

• Reg-100798-06

Proposed regulations under Section 704(c) provide that the Section 704(c) anti-abuse rule takes into account the tax liabilities of both the partners in a partnership and certain direct and indirect owners of such partners. The proposed regulations further provide that a Section 704(c) allocation method cannot be used to achieve tax results inconsistent with the intent of subchapter K. The proposed regulations affect partnerships and their partners.

• United States. Internal Revenue Bulletin
• August 27, 2009

• Democrats' Budget Plan Boosts School District Aid

Democrats cleared a $30.6 billion budget Monday that provides less direct property tax relief than the version Governor Christie has proposed but instead offers more aid to schools to ease their reliance on property taxes. Property tax bills are again at an all-time high in New Jersey, and what state government does to address them in this budget is expected to be a major issue with all 120 seats in the Legislature on the ballot in November.

• The Record, Bergen County, NJ
• June 29, 2011

• Obama's Energy Policy Running On 'E' ; Lease Act Could Unlock Abundant American Resources

For the last 30 years, I have been involved in finding solutions to America's long-term energy independence. I ran for Congress because I am concerned about America's economic future and because Washington needs real-world solutions, not radical bureaucratic ideology. With unemployment still nearly at 9 percent, gasoline prices already at $4 a gallon in some states and growing uncertainty and unrest in the Middle East, American families and our economy continue to bear the burden of higher energy costs. As long as the Obama administration continues to block and delay American energy production, there will be no end in sight and relief at the pump. Drilling moratoria promulgated by the administration have had and will continue to have a significant adverse impact on our country's economi...

• The Washington Times
• March 17, 2011