Wilmington has quietly issued an amended regulation covering the city’s wage tax as the Covid-19 pandemic keeps many people working from home.
“A nonresident employee based in Wilmington must include days or half days worked at home or a remote location outside the city limits as days worked in the city, unless the employer certifies that either the employee worked remotely for the employer's convenience, or the employer required the employee to work remotely as a condition of employment,” a letter from the city stated.
This may worth something:
As tax seasons approaches, some taxpayers may be surprised by these federal regulations
It’s the time of year to start thinking about taxes — but the upcoming filing season is going to be a bit trickier for many Americans due to rampant unemployment, working from home and general upheaval due to COVID-19.
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Workers are not required to have federal taxes withheld from their benefit payments. While people have the option to have the tax withheld, many do not.
DNP Select Income Fund Inc. Section 19(a) Notice
The following table sets forth the estimated amounts of the current distribution, payable December 10, 2020 , together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2020 to October 31 , 2021. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles, which may differ from federal income tax regulations.
Advocacy Group Urges Biden to 'Clean House' at Social Security, Lessen Impact of Payroll Tax
A liberal advocacy group focused on preserving and expanding social safety net programs like Social Security and Medicare have urged President-elect Biden to replace the leadership of the Social Security Administration and reverse a number of the Trump administration's policies in favor of an ethos that supports federal workers.
Social Security Works recently released its "transition report," dated November 2020, for the incoming Biden administration. Chief among the group's recommendations is that the next president should "clean house," forcing Commissioner Andrew Saul to resign or be fired and replacing all political appointees at the agency.
And here's another article:
International Tax Treaty: China | Freeman Law - JDSupra
Quick Summary . The People’s Republic of China is the world’s most populous country and carries a rich cultural tradition. China is the world’s largest exporter and the second largest economy.
A unitary socialist republic, China is comprised of over 22 provinces, as well as five autonomous regions. Since economic reforms in 1978, it has remained one of the fast-growing economies in the world.
Ultimate power of the state rests with the National People’s Congress. Other primary organs of state power are the President and the State Council.
Brazil: STJ confirms the triggering event for withholding tax | International Tax Review
Breaking The "Equity Wall": Proposed Regulations Limit Chances To Minimize U.S.
The discussion below first presents a brief overview of the 30 percent withholding tax as well as the "anti-conduit" rules, then describes the key changes that the Proposed Regulations would make.
The U.S. federal income tax law imposes a 30 percent tax on a foreign person's U.S. source "fixed or determinable, annual or periodical income" (such as interest, dividends, rents, royalties and similar types of income). This tax is imposed on gross income, with no deductions allowed. In general, this tax is collected by means of withholding, and it is therefore commonly referred to as the 30 percent "withholding tax.
Trump-Era Tax Rule Benefiting Some Multinationals May Get Revised Under Biden - WSJ
WASHINGTON—A Trump administration regulation that cut the tax bills of companies such as Philip Morris International Inc. and Sealed Air Corp. could be poised for reversal in 2021 as the Biden administration tries to deliver on its campaign promise to raise taxes on corporations.
The rule, which gives some corporations a path out of a U.S. minimum tax on foreign earnings, has drawn criticism from progressives, including Sen. Ron Wyden of Oregon, the top Democrat on the Finance Committee.
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