WASHINGTON -- In an almost annual ritual, Congress has passed a last-minute package of temporary tax breaks
, sparing millions of businesses and individuals from unwanted tax increases just weeks before start of filing season.
Until now they have received the tax break
only if they also work from home such as holding surgeries.
The group last May had compiled a list of these tax break
mega-deals around the country.
As ofJanuary 1, more than 50 different tax breaks
expired and will likely increase the tax bills of some metalcasting facilities if these provisions are not renewed, including:
The Prime Minister told MPs that "all married couples paying basic rate tax" will benefit from the tax break
, but it is, in fact, available only to basic rate taxpayers whose spouses or civil partners do not work, or earn less than the income tax threshold of around PS10,000.
At the time of the 2010 general election, David Cameron promised a tax break
worth PS150 to married couples by allowing the income tax allowances of non-working spouses to be transferred.
Byline: GRAHAM HISCOTT on why Government needs to stop giving big firms tax breaks
Using stock option tax breaks
, Facebook was able to give its executives the ability to purchase stock at dirt-cheap prices.
But a senior Government source flatly rejected the idea of a "quid pro quo" deal, and ruled out a marriage tax break
featuring in this Budget.
The tax break
has been blasted by critics, who include it with other fiscal cliff tax breaks
that help Puerto Rican rum makers, Hollywood movie producers and Wall Street bankers.
Washington, Rabi'I 27, 1433, Feb 19, 2012, SPA - President Barack Obama promoted tax breaks
Saturday to encourage companies to keep jobs in the United States.
The 2008 purchase of Wachovia relied on a tax break
that Congress is never said to have approved.
Mass-transit advocates have launched a campaign to save a federal tax break
for commuters that will be sliced in half unless Congress steps in.
KNOWSLEY council could save up to pounds 1m by clamping down on residents who illegally claim a tax break
by pretending to live alone.
The tax break
for capital gains was scheduled to expire at the end of 2007 and that for dividend income at the end of fiscal 2007 on March 31, 2008, but both were extended for one year.