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 7
... fair market value of the property or services transferred by the taxable person . In the case of imports , the taxable amount would be the U.S. cus- toms value plus the U.S. customs duties . If there is no specified customs value , the ...
... fair market value of the property or services transferred by the taxable person . In the case of imports , the taxable amount would be the U.S. cus- toms value plus the U.S. customs duties . If there is no specified customs value , the ...
Page 12
... fair market value in excess of the 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 ...
... fair market value in excess of the 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 ...
Page 21
... valuation and collection issues would arise . On the other hand , certain govern- ment services are provided at a cost commensurate with their fair market value ( e.g. , some city - owned parking garages ) . In such cases , the ...
... valuation and collection issues would arise . On the other hand , certain govern- ment services are provided at a cost commensurate with their fair market value ( e.g. , some city - owned parking garages ) . In such cases , the ...
Page 33
... fair market value . Explanation of the Bills The bills ( S. 659 , S. 838 , and S. 849 ) 43 would repeal the estate tax inclusion with respect to valuation freezes retroactively from the date of its enactment ( i.e. , property ...
... fair market value . Explanation of the Bills The bills ( S. 659 , S. 838 , and S. 849 ) 43 would repeal the estate tax inclusion with respect to valuation freezes retroactively from the date of its enactment ( i.e. , property ...
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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