Description of Tax Bills: S. 353 (educational Savings Bonds); S. 442 (value Added Tax); S. 659, S. 838, S. 849 (estate Freezes); and S. 800 (moratorium on Certain State Tax Laws) : Scheduled for a Hearing Before the Senate Committee on Finance on May 17, 1989U.S. Government Printing Office, 1989 - 35 pages |
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Page 4
... ) . The phaseout ranges will be adjusted for inflation beginning in 1990. Such adjustments will be rounded to the nearest $ 50 . is applied gradually over the income phaseout range , as ( 4 ) DESCRIPTION OF S 353: EDUCATIONAL SAVINGS BONDS.
... ) . The phaseout ranges will be adjusted for inflation beginning in 1990. Such adjustments will be rounded to the nearest $ 50 . is applied gradually over the income phaseout range , as ( 4 ) DESCRIPTION OF S 353: EDUCATIONAL SAVINGS BONDS.
Page 23
... adjustment . The border tax adjustment of a destination principle VAT serves two purposes . By taxing imports and not exports , the border tax adjustment generally ensures that the tax base for the VAT is do- mestic consumption . In ...
... adjustment . The border tax adjustment of a destination principle VAT serves two purposes . By taxing imports and not exports , the border tax adjustment generally ensures that the tax base for the VAT is do- mestic consumption . In ...
Page 27
... adjustment would be necessary to insure that business purchasers of insurance obtain a credit for the VAT paid by ... adjustments that would be in compliance with GATT . A subtractive - method VAT for insurers and other fi- nancial ...
... adjustment would be necessary to insure that business purchasers of insurance obtain a credit for the VAT paid by ... adjustments that would be in compliance with GATT . A subtractive - method VAT for insurers and other fi- nancial ...
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Common terms and phrases
activities addition amount of VAT bill would provide border tax adjustment calendar quarter claim a credit commercial-type transaction consumer corporation December 31 deposits destination principle determine Educational Savings Bonds EE savings bonds effective date employee estate freeze example exclusion exempt Exon exports fair market value farmers governmental entities grocery store Gross VAT higher education expenses housing impose a VAT intangible property interest Internal Revenue Code Internal Revenue Service legislation nonbusiness real property performance of services plumber preferred stock premiums previously paid primary residence property or services provide a zero provided in regulations rate of tax retail sale of property section 135 seller Series EE savings services provided small businesses stage of production subject to tax tax point taxable amount taxable person taxable transactions taxation taxpayer tion transfer United Value Added Tax VAT credit VAT imposed VAT liability VAT paid VAT system zero rating zero-rated