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
... defined in section 1201 ( a ) and 481 ( a ) ( 1 ) ( C ) and ( D ) ( i.e. , nursing schools ) of the Higher Education Act of 1965 , as in effect on October 21 , 1988 , and in the Carl D. Perkins Vocational Education Act ( subparagraph ...
... defined in section 1201 ( a ) and 481 ( a ) ( 1 ) ( C ) and ( D ) ( i.e. , nursing schools ) of the Higher Education Act of 1965 , as in effect on October 21 , 1988 , and in the Carl D. Perkins Vocational Education Act ( subparagraph ...
Page 8
... defined by section 52 ( b ) of the Code ) as one taxable person for pur- poses of the VAT . However , for purposes of the small business ex- emption , all businesses under common control would be considered one taxable person . To the ...
... defined by section 52 ( b ) of the Code ) as one taxable person for pur- poses of the VAT . However , for purposes of the small business ex- emption , all businesses under common control would be considered one taxable person . To the ...
Page 10
... define " property " to mean any tangible property . Thus , the sale of such intangible property as stocks , bonds ... definition of serv- ices . Activities treated as the taxable performance of services would include ( but would not be ...
... define " property " to mean any tangible property . Thus , the sale of such intangible property as stocks , bonds ... definition of serv- ices . Activities treated as the taxable performance of services would include ( but would not be ...
Page 11
... defined to include only tangible prop- erty , it is unclear whether the bill would treat the licensing of in- tangible property to be the taxable performance of a service . Other VAT systems would subject the licensing of intangibles to ...
... defined to include only tangible prop- erty , it is unclear whether the bill would treat the licensing of in- tangible property to be the taxable performance of a service . Other VAT systems would subject the licensing of intangibles to ...
Page 17
... definition of the transactions that qualify for the relief be- comes critical for purposes of reducing the number of potential dis- putes between the taxpayer and the taxing authorities and be- tween the taxpayer and its customers . For ...
... definition of the transactions that qualify for the relief be- comes critical for purposes of reducing the number of potential dis- putes between the taxpayer and the taxing authorities and be- tween the taxpayer and its customers . For ...
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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