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 2
... exclusion is available only to taxpayers age 24 years or more at the time of bond purchase . " Qualified higher education expenses " are limited to tuition and required fees paid for the attendance of the taxpayer , the taxpayer's ...
... exclusion is available only to taxpayers age 24 years or more at the time of bond purchase . " Qualified higher education expenses " are limited to tuition and required fees paid for the attendance of the taxpayer , the taxpayer's ...
Page 4
... exclusion by paying for the education expenses of another person ( such as a grandchild or other relative ) who is not a dependent of the taxpayer.5 The exclusion provided by section 135 is phased out for certain upper - income ...
... exclusion by paying for the education expenses of another person ( such as a grandchild or other relative ) who is not a dependent of the taxpayer.5 The exclusion provided by section 135 is phased out for certain upper - income ...
Page 14
... Exclusions from the VAT Most VAT experts believe that the simplest and most efficient VAT would impose a uniform , flat rate of tax on a broad base of goods and services . However , economic , social , political , and admin- istrative ...
... Exclusions from the VAT Most VAT experts believe that the simplest and most efficient VAT would impose a uniform , flat rate of tax on a broad base of goods and services . However , economic , social , political , and admin- istrative ...
Page 17
... exclusions . It is also generally agreed that zero- rating is theoretically preferable to exemptions . b . Exclusions ... exclusion for food ( as well as other items normally considered to 25 As discussed in section III . C. 1. of this ...
... exclusions . It is also generally agreed that zero- rating is theoretically preferable to exemptions . b . Exclusions ... exclusion for food ( as well as other items normally considered to 25 As discussed in section III . C. 1. of this ...
Page 18
... exclusions from the VAT may create artificial consumer demands for the excluded products or services . Other VAT systems have addressed the regressivity issue with respect to food by providing different VAT rates for different types of ...
... exclusions from the VAT may create artificial consumer demands for the excluded products or services . Other VAT systems have addressed the regressivity issue with respect to food by providing different VAT rates for different types of ...
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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