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 16
Page
... taxable transactions and taxable persons .. 2. Invoice requirement / credit mechanism .... 3. Zero - rated items and exemption from the VAT ............ 12 14 4. Treatment of real property . 22 5. Determination of the location of goods ...
... taxable transactions and taxable persons .. 2. Invoice requirement / credit mechanism .... 3. Zero - rated items and exemption from the VAT ............ 12 14 4. Treatment of real property . 22 5. Determination of the location of goods ...
Page 2
... taxable year . The exclusion is available only to taxpayers age 24 years or more at the time of bond purchase ... transactions occurring after December 31 , 1989. The bill would provide a trust fund in the Department of the Treasury ...
... taxable year . The exclusion is available only to taxpayers age 24 years or more at the time of bond purchase ... transactions occurring after December 31 , 1989. The bill would provide a trust fund in the Department of the Treasury ...
Page 6
... Taxable persons The VAT would be imposed on persons who engage in taxable transactions . Taxable persons generally would include corporations , persons engaged in business transactions , sellers and lessors of real property , and ...
... Taxable persons The VAT would be imposed on persons who engage in taxable transactions . Taxable persons generally would include corporations , persons engaged in business transactions , sellers and lessors of real property , and ...
Page 7
... taxable amount would be the fair market value of the property or services ... transactions with governmental entities and section 501 ( c ) ( 3 ) ... transactions The bill would provide special treatment with respect to the per- sonal use ...
... taxable amount would be the fair market value of the property or services ... transactions with governmental entities and section 501 ( c ) ( 3 ) ... transactions The bill would provide special treatment with respect to the per- sonal use ...
Page 8
... taxable person engaged in a taxable transaction would be required to give the purchaser a tax invoice with respect ... transactions having a tax point within the taxable period . To the extent provided in regulations , monthly deposits ...
... taxable person engaged in a taxable transaction would be required to give the purchaser a tax invoice with respect ... transactions having a tax point within the taxable period . To the extent provided in regulations , monthly 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