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 |
From inside the book
Results 1-5 of 6
Page 6
... corporations , persons engaged in business transactions , sellers and lessors of real property , and importers . In general , in the case of a sale of property in the United States , the VAT would be imposed on the seller . For property ...
... corporations , persons engaged in business transactions , sellers and lessors of real property , and importers . In general , in the case of a sale of property in the United States , the VAT would be imposed on the seller . For property ...
Page 9
... corporation ( other than an S corporation ) or by any other person engaged in a business . Commercial - type transactions also would include any sale or leasing of real property or any importing of property , whether or not engaged in ...
... corporation ( other than an S corporation ) or by any other person engaged in a business . Commercial - type transactions also would include any sale or leasing of real property or any importing of property , whether or not engaged in ...
Page 10
... corporation would be subject to the VAT , while the sale of intangible property by an individual would not , a shareholder who wishes to dispose of his or her wholly - owned corporate business may sell his or her stock rather than have ...
... corporation would be subject to the VAT , while the sale of intangible property by an individual would not , a shareholder who wishes to dispose of his or her wholly - owned corporate business may sell his or her stock rather than have ...
Page 12
... corporation's cost , the donor corporation would be subject to a net VAT liability ( after taking into account the VAT credit ) on the amount of value the corporation had had added to the inventory . Other VAT systems either impose no ...
... corporation's cost , the donor corporation would be subject to a net VAT liability ( after taking into account the VAT credit ) on the amount of value the corporation had had added to the inventory . Other VAT systems either impose no ...
Page 30
... corporations must deposit income taxes withheld from their employees and social security taxes as frequently as eight times a month ( depending upon the size of the amounts to be deposited ) . A requirement that estimated VAT deposits ...
... corporations must deposit income taxes withheld from their employees and social security taxes as frequently as eight times a month ( depending upon the size of the amounts to be deposited ) . A requirement that estimated VAT deposits ...
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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