• The Tax Credits Act 2002 chapter 21 was a Public and General British Act of Parliament passed by the Labour Government at the time, led by Prime Minister...
    3 KB (374 words) - 04:38, 23 May 2024
  • Thumbnail for Welfare Reform Act 2012
    Reform Act introduces a new welfare benefit called Universal Credit which is to replace six of the main means-tested benefits and tax credits: income-based...
    30 KB (3,276 words) - 10:54, 21 June 2024
  • A poll tax, also known as head tax or capitation, is a tax levied as a fixed sum on every liable individual (typically every adult), without reference...
    47 KB (5,779 words) - 20:00, 23 June 2024
  • details of the tax system as a whole. Since the implementation of the Tax Credit Act 2002 (TCA 2002) HMRC consider overpaid tax credit in the same light...
    12 KB (1,581 words) - 19:09, 16 September 2019
  • Thumbnail for Income tax in the United States
    offer numerous tax credits for individuals and businesses. Among the key federal credits for individuals are: Child credit: For 2017, a credit up to $1,000...
    139 KB (14,312 words) - 04:39, 29 June 2024
  • Thumbnail for United Kingdom corporation tax
    companies were taxed at the same income tax rates as individual taxpayers, with an additional profits tax levied on companies. Finance Act 1965 replaced...
    105 KB (10,126 words) - 07:03, 10 July 2024
  • entitles shareholders to claim a tax credit for the franking credits attached to dividends, being a share of the corporate tax paid by the corporation. A recipient...
    51 KB (6,177 words) - 18:35, 7 July 2024
  • and Medicare taxes), gift taxes, and estate taxes, replacing them with a single consumption tax on retail sales. The proposed Fair Tax Act (H.R. 25/S. 18)...
    104 KB (11,223 words) - 22:51, 11 March 2024
  • Reinvestment Act included a tax credit of $400, lower payroll tax rates, and higher earned income tax credits. The Economic Growth and Tax Relief Reconciliation...
    32 KB (4,001 words) - 09:50, 21 July 2024
  • Thumbnail for Earned income tax credit
    United States federal earned income tax credit or earned income credit (EITC or EIC) is a refundable tax credit for low- to moderate-income working individuals...
    59 KB (7,539 words) - 21:43, 15 July 2024
  • introduced S.B. 1133, "New Markets Tax Credit Extension Act of 2013" in June 2013 to permanently add New Market Tax Credits to the Internal Revenue Code, however...
    10 KB (1,039 words) - 07:31, 9 July 2024
  • Thumbnail for Corporate tax in the United States
    corporate tax rate in the United States of America is a flat 21% following the passage of the Tax Cuts and Jobs Act of 2017. State and local taxes and rules...
    62 KB (6,591 words) - 10:00, 4 July 2024
  • (R&D) costs in the United States. The R&D Tax Credit was originally introduced in the Economic Recovery Tax Act of 1981 sponsored by U.S. Representative...
    26 KB (3,480 words) - 12:37, 9 August 2023
  • Thumbnail for Inflation Reduction Act
    provisions in the Act that would extend premium tax credits for health plans for low- and middle-income taxpayers, provide households with tax credits for making...
    176 KB (18,199 words) - 02:36, 27 July 2024
  • those gifts). There are several credits against the tentative tax, the most important of which is a "unified credit" which can be thought of as providing...
    71 KB (9,305 words) - 18:17, 11 May 2024
  • other tax credits are provided to recognize tax already paid so that the income is not taxed twice: the dividend tax credit provides recognition of tax paid...
    36 KB (3,533 words) - 15:01, 14 April 2024
  • Thumbnail for Economic Growth and Tax Relief Reconciliation Act of 2001
    The Economic Growth and Tax Relief Reconciliation Act of 2001 was a major piece of tax legislation passed by the 107th United States Congress and signed...
    19 KB (2,404 words) - 00:34, 7 July 2024
  • Thumbnail for Jobs and Growth Tax Relief Reconciliation Act of 2003
    The Jobs and Growth Tax Relief Reconciliation Act of 2003 ("JGTRRA", Pub. L.Tooltip Public Law (United States) 108–27 (text) (PDF), 117 Stat. 752), was...
    11 KB (602 words) - 12:41, 4 July 2024
  • disallowed credits and deductions such as the bargain element from incentive stock options, state and local tax deduction, foreign tax credits, and passive...
    71 KB (8,608 words) - 16:35, 4 July 2024
  • right to impose taxes on the Americans when they were not represented in parliament. The Stamp Act of 1765 was the fourth Stamp Act to be passed by the...
    55 KB (7,265 words) - 15:21, 16 November 2023
  • "imputation credits". Initially, in 1987, excess franking credits over the tax liability were lost, but since 2000, such excess credits have been refundable...
    54 KB (3,649 words) - 00:30, 17 May 2024
  • Taxpayer Relief Act of 2012 enacted January 2, 2012 permanently extended the adoption tax credit. For 2014 the nonrefundable maximum tax credit (dollar limitation)...
    15 KB (1,350 words) - 14:32, 20 June 2024
  • Development (R&D) Tax Credits are a UK tax incentive designed to encourage companies to invest in R&D. Companies can reduce their tax bill or claim payable...
    12 KB (1,616 words) - 12:59, 3 July 2024
  • corporate tax system in which some or all of the tax paid by a company may be attributed, or imputed, to the shareholders by way of a tax credit to reduce...
    18 KB (2,541 words) - 02:46, 21 April 2024
  • (ROL). This amendment to the Payroll Tax Assessment Act 2002 was effective 1 July 2006. Fringe Benefits Tax is the tax applied by the Australian Taxation...
    35 KB (3,746 words) - 03:13, 5 July 2024
  • Thumbnail for Sarbanes–Oxley Act
    Sarbanes–Oxley Act of 2002 is a United States federal law that mandates certain practices in financial record keeping and reporting for corporations. The act, Pub...
    88 KB (10,131 words) - 01:10, 9 July 2024
  • Thumbnail for Taxation in the United Kingdom
    of the income tax net in 1965 when corporation tax was introduced. These changes were consolidated by the Income and Corporation Taxes Act 1970. Also the...
    58 KB (6,804 words) - 04:47, 14 July 2024
  • excise taxes, tax preferences for the housing industry, and use of tax credits, which the Foundation views as "picking winners and losers". The Foundation...
    27 KB (2,403 words) - 21:53, 11 June 2024
  • homeowners who currently get tax credits lose badly with universal credit. A million homeowners now getting tax credits will have less with the new system...
    125 KB (12,925 words) - 17:38, 9 July 2024
  • Thumbnail for Taxation in the United States
    (from child credits and the Earned Income Tax Credit). Taxes fall much more heavily on labor income than on capital income. Divergent taxes and subsidies...
    119 KB (15,262 words) - 08:12, 5 May 2024