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US will tax Bitcoin as property, like stocks, rather than as currency
2014-03-25 23:31:57| InfoWorld: Top News
The U.S. Internal Revenue Service has said it will treat Bitcoin as a form of property for tax purposes, rather than as currency, making it subject to similar rules as stocks and barter transactions. The new rules announced Tuesday appear to be good news for investors, because any gains they make from buying bitcoins will be treated as capital gains, which can mean lower tax rates. But they could also mean that people who spend bitcoins to buy goods and services will have to keep detailed records of those transactions.
Tags: than
property
tax
currency
VIDEO: Will drinkers notice 1p beer tax cut?
2014-03-24 14:53:53| BBC News | Business | UK Edition
The 1p duty cut on a pint of beer takes effect from Monday, but not all pubs are trimming a penny from pump prices.
PM outlines inheritance tax ambition
2014-03-24 14:14:06| BBC News | Business | UK Edition
David Cameron says inheritance tax should only be paid by "the rich" not those passing on "family homes".
Tags: tax
outlines
inheritance
ambition
Biofuel Trade Organizations Ask for Extension of Advanced Biofuel Tax Incentives
2014-03-24 05:00:00| Industrial Newsroom - All News for Today
Citing energy security, job creation, global competitiveness, and forward-looking policy, letter sent by biofuel trade organizations to Senate Finance Committee Chairman Ron Wyden (D-OR) and Ranking Member Orrin Hatch (R-UT) encouraged extension of Second Generation Biofuel Producer Tax Credit, Special Depreciation Allowance for Second Generation Biofuel Plant Property, Biodiesel and Renewable Diesel Fuels Credit, and Alternative Fuel and Alternative Fuel Mixture Excise Tax Credit. This story is related to the following:Green & CleanSearch for suppliers of:
Tags: advanced
trade
tax
organizations
Caterpillar Up Next in Senate's Tax Code Manipulation Inquiry
2014-03-23 01:09:39| Industrial Machines - Topix.net
"When powerful large U.S. corporations avoid their fair share of taxes, they undermine U.S. competitiveness, contribute to the national debt and shift more of the tax burden to domestic businesses, especially small businesses that create most of the new jobs," wrote a coalition of small business groups in a letter included in an October 2011 report ... (more)
Tags: code
tax
inquiry
manipulation
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