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Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Retail trade
Languages : en
Pages : 44
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Book Description
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Retail trade
Languages : en
Pages : 44
Get Book Here
Book Description
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Retail trade
Languages : en
Pages : 36
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Book Description
The largest resale activities in the federal government are the Department of Defense commissaries, exchanges, clubs, and liquor stores. Because they are considered federal instrumentalities, these activities are exempt from most federal, state, and local taxes. In 1977 this indirect subsidy (revenue loss) totalled almost $300 million. The major criticisms of changing the tax status of these resale activities are that: (1) the disadvantages of military service justify this special treatment; (2) taxation would be viewed as an erosion of military benefits; and (3) since state and local governments already benefit from the military installations, no additional taxes are warranted. Also, any change in tax status potentially could result in reduced sales and profits for the stores, increased total taxes with a larger share of general revenue sharing funds going to states and localities, and a reevaluation of the impact aid entitlements now given to military children. Major defenses of a status change are that: taxation is justified because the stores are not operating as Congress intended; and taxation would promote a fairer distribution of tax burdens and more effective tax administration, including the prevention of tax evasion in the sale of alcohol and tobbaco products. Other alternatives which would limit revenue loss include: (1) making payments to state and local governments; making the activities self-supporting; (2) charging prevailing prices for those commodities taxed by state and local governments; or (3) using private/independent contractors to operate the resale facilities.
Author: U S Government Accountability Office (G
Publisher: BiblioGov
ISBN: 9781289159948
Category :
Languages : en
Pages : 48
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Book Description
The largest resale activities in the federal government are the Department of Defense commissaries, exchanges, clubs, and liquor stores. Because they are considered federal instrumentalities, these activities are exempt from most federal, state, and local taxes. In 1977 this indirect subsidy (revenue loss) totalled almost $300 million. The major criticisms of changing the tax status of these resale activities are that: (1) the disadvantages of military service justify this special treatment; (2) taxation would be viewed as an erosion of military benefits; and (3) since state and local governments already benefit from the military installations, no additional taxes are warranted. Also, any change in tax status potentially could result in reduced sales and profits for the stores, increased total taxes with a larger share of general revenue sharing funds going to states and localities, and a reevaluation of the impact aid entitlements now given to military children. Major defenses of a status change are that: taxation is justified because the stores are not operating as Congress intended; and taxation would promote a fairer distribution of tax burdens and more effective tax administration, including the prevention of tax evasion in the sale of alcohol and tobbaco products. Other alternatives which would limit revenue loss include: (1) making payments to state and local governments; making the activities self-supporting; (2) charging prevailing prices for those commodities taxed by state and local governments; or (3) using private/independent contractors to operate the resale facilities.
Author: United States Accounting Office (GAO)
Publisher: Createspace Independent Publishing Platform
ISBN: 9781721990986
Category :
Languages : en
Pages : 44
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Book Description
The Tax Status of Federal Resale Activities: Issues and Alternatives
Author: United States. Internal Revenue Service
Publisher:
ISBN:
Category : Income tax
Languages : en
Pages : 32
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Book Description
Author: United States. Internal Revenue Service
Publisher:
ISBN:
Category : Tax auditing
Languages : en
Pages : 8
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Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 120
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Book Description
Author: United States
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 1506
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Book Description
"The United States Code is the official codification of the general and permanent laws of the United States of America. The Code was first published in 1926, and a new edition of the code has been published every six years since 1934. The 2012 edition of the Code incorporates laws enacted through the One Hundred Twelfth Congress, Second Session, the last of which was signed by the President on January 15, 2013. It does not include laws of the One Hundred Thirteenth Congress, First Session, enacted between January 2, 2013, the date it convened, and January 15, 2013. By statutory authority this edition may be cited "U.S.C. 2012 ed." As adopted in 1926, the Code established prima facie the general and permanent laws of the United States. The underlying statutes reprinted in the Code remained in effect and controlled over the Code in case of any discrepancy. In 1947, Congress began enacting individual titles of the Code into positive law. When a title is enacted into positive law, the underlying statutes are repealed and the title then becomes legal evidence of the law. Currently, 26 of the 51 titles in the Code have been so enacted. These are identified in the table of titles near the beginning of each volume. The Law Revision Counsel of the House of Representatives continues to prepare legislation pursuant to 2 U.S.C. 285b to enact the remainder of the Code, on a title-by-title basis, into positive law. The 2012 edition of the Code was prepared and published under the supervision of Ralph V. Seep, Law Revision Counsel. Grateful acknowledgment is made of the contributions by all who helped in this work, particularly the staffs of the Office of the Law Revision Counsel and the Government Printing Office"--Preface.
Author: Internal Revenue Service
Publisher:
ISBN: 9781678085070
Category :
Languages : en
Pages : 96
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Book Description
vate, operate, or manage a farm for profit, either as owner or tenant. A farm includes livestock, dairy, poultry, fish, fruit, and truck farms. It also includes plantations, ranches, ranges, and orchards and groves. This publication explains how the federal tax laws apply to farming. Use this publication as a guide to figure your taxes and complete your farm tax return. If you need more information on a subject, get the specific IRS tax publication covering that subject. We refer to many of these free publications throughout this publication. See chapter 16 for information on ordering these publications. The explanations and examples in this publication reflect the Internal Revenue Service's interpretation of tax laws enacted by Congress, Treasury regulations, and court decisions. However, the information given does not cover every situation and is not intended to replace the law or change its meaning. This publication covers subjects on which a court may have rendered a decision more favorable to taxpayers than the interpretation by the IRS. Until these differing interpretations are resolved by higher court decisions, or in some other way, this publication will continue to present the interpretation by the IRS.
Author: Ernest Bancroft Conant
Publisher:
ISBN:
Category : Sales
Languages : en
Pages : 150
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Book Description
