The sales tax on cookies, chips, sodas and other junk food sold within the territory of the Navajo Nation is set to increase.
It is not even Thanksgiving, but already as the news reported yesterday, US braces for more icy temperatures and snow as ferocious storm lingers. Many years ago I adopted an approach for dealing with Northeast winters. My approach centered around assessment, preparation and planning. I called it “winterizing.”
According to its backers, the Berkeley “Sugar Tax” is the future of sugar in America. Berkeley’s Measure “D,” which garnered an overwhelming 75% “yes” vote, imposes a general excise tax of $0.01 per ounce on the distribution of sugar-sweetened beverages and the sweeteners used to sweeten such drinks: this amounts to a 12 cent tax on a standard 12 ounce can of soda. The ordinance takes effect on January 1, 2015.
Technology, media, and telecommunication employers doing business in New York City should take note of a new ordinance Mayor Bill de Blasio signed into law on October 20, 2014 – The Affordable Transit Act.
In September, the Tax Court issued its opinion in Cavallaro v. Commissioner, T.C. Memo 2014-189, holding that a merger of two family-owned businesses resulted in a $29.6 million gift from Mr. and Mrs. Cavallaro to their three sons.