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 11
Page 4
... taxable year.2 The exclusion from gross income of interest on U.S. Series EE ... person ( such as a grandchild or other relative ) who is not a dependent of ... taxable year exceeds the qualified education expenses , then the amount of ...
... taxable year.2 The exclusion from gross income of interest on U.S. Series EE ... person ( such as a grandchild or other relative ) who is not a dependent of ... taxable year exceeds the qualified education expenses , then the amount of ...
Page 6
... taxable person in the production and distri- bution chain would receive a credit for the VAT previously paid by its suppliers on its purchases of goods and services in taxable trans- actions . Thus , each taxable person generally would ...
... taxable person in the production and distri- bution chain would receive a credit for the VAT previously paid by its suppliers on its purchases of goods and services in taxable trans- actions . Thus , each taxable person generally would ...
Page 7
... 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 taxable amount would be the fair market value of the property ...
... 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 taxable amount would be the fair market value of the property ...
Page 8
... taxable person engaged in a taxable transaction would be required to give the purchaser a tax invoice with respect to the transaction if the taxable person has reason to believe that the purchaser is a taxable person . The invoice would ...
... taxable person engaged in a taxable transaction would be required to give the purchaser a tax invoice with respect to the transaction if the taxable person has reason to believe that the purchaser is a taxable person . The invoice would ...
Page 9
... person in a commercial - type transaction . A " commercial - type transaction " would mean a transaction engaged in by a corporation ( other than an S corporation ) or by any other person engaged in a ... taxable transactions taxable persons.
... person in a commercial - type transaction . A " commercial - type transaction " would mean a transaction engaged in by a corporation ( other than an S corporation ) or by any other person engaged in a ... taxable transactions taxable persons.
Other editions - View all
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