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BUSINESS VALUATION Business valuation is a process and a set of procedures used to determine the economic value of an owner’s interest in a business. Business valuation is often used to estimate the selling price of a business, resolve disputes related to estate and gift taxation, divorce litigation, allocate business purchase price among the business assets, establish a formula for estimating the value of partners’ ownership interest for buy-sell agreements, and many other business and legal
In case of emergency, press button! Bern, Switzerland (GenevaLunch) - Switzerland is in the process of setting up a tax hotline, primarily for US citizens, to deal with an expected influx of questions once the US and Switzerland both sign the new double taxation agreement, GenevaLunch has been told by a government official. The date for the hotline to open is not yet set, nor are further details available yet. The Swiss cabinet 11 September gave a green light to two ministries, foreign af
I have been very interested in the concept of legal tender of late because of the revelation this summer that the State of California was issuing I.O.U.’s to honour its debts instead of paying in U.S. Dollars, which are legal tender and I.O.U.’s from the U.S. government (see posts here and here ). What I found most interesting about the California case was how the I.O.U.’s allowed a state experiencing a depression and prohibited from printing money to settle debts.  Given the similarities be
Lawmakers searching for a way to pay for health care reform are facing some rough waters.
Posted at : Regressive taxes are those which hurt poor people more than they do the rich. Flat taxes, which charge the same percent, are the most regressive. Income tax in the United States is “graduated.” People who earn less money pay a lower percentage on that amount. As you earn more, you pay a higher percent on the greater amounts of income. The recent tax cuts reduced the percentage of taxes on higher incomes, making the tax flatter. The social security tax is li
Of all the states, California is the state most closely associated with running a budget that ends up either always posting a deficit or having various discrepancies in its revenue. However, a special commission has been designed that will recommend a complete overhaul of California’s ancient tax system, a development that should bring plenty of financial relief to everyone involved.   Financial experts throughout California have long agreed that the state relies too heavily on taxing the weal
by Larken Rose * * The Meaning of “Please” * * Imagine a slave who, while being whipped, cries out, “Please, massa, no more!” What message does such a plea for mercy convey? Obviously, it conveys a desire for the beating to stop, but it also conveys another message-albeit an unstated one: “Master, I accept that it is up to YOU whether I am to be beaten or not.” The word “please” is short for “if it pleases you.” In many contexts it is a polite thing to say, implying that it is up
The definition of "rich" may be going up should lawmakers choose to impose extra taxes on the wealthy to pay for health reform.
September 19, 2009 | By Rob G Smith In Finance | Issuing social security numbers to citizens is one of the ways that the US government has strategized to track down individuals. These numbers are also useful in the taxation system of the country. Permanent residents, citizens and temporary residents are issued their own social security number. These are nine digit numbers that are definitely unique from one person to another. Some people may know this as SSN. These numbers are given by
There are really two Laffer curves. There’s the real one, which actually is a curve, and there is a version of it frequently used by conservatives living in the imaginary world which so many current conservatives inhabit. Pretty much nobody likes to pay taxes and most of us would love to see taxes lower, but those in the reality based world also generally realize that currently our taxes are fairly low by historic standards. We also realize that, as much as we’d rather not pay them, taxes are a
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