United States: New York State Bills Would Ban E-Cigarette Refills And Tax Cartridges

Two bills recently introduced in the New York State Assembly would regulate vapor products.

One bill, A 635, would ban the sale of e-liquid refill bottles. Another bill, A 296, would tax vapor product cartridges at 75% of the wholesale price. The products would therefore need to be sold through licensed tobacco distributors.

By |January 29th, 2015|

Ukrainian Law On Tax Compromise

he Law of Ukraine # 63-VIII “On Amendments to the Tax Code of Ukraine concerning the Features of Corrections to the Tax Liabilities of Corporate Income Tax and Value Added Tax in the Case of Application of the Tax Compromise” took force of 17 January 2015 (the respective law was adopted by the Supreme Council of Ukraine on 25 December 2015).

The above law introduces a regime of “tax compromise”. It regulates a mechanism for […]

By |January 28th, 2015|

United States: Immediate Action Required To Maximize Tax Savings For Mass Transit

Congress and the IRS have expanded the availability and procedures for maximizing the income tax and FICA tax exclusion for mass transit benefits, but immediate action is required to satisfy the IRS special relief provisions for 2014 as well as to qualify for the anticipated expansion of the maximum 2015 tax benefits for the mass transit component of qualified transportation fringe benefits.

One of the most widely used and highly valued employee fringe benefits is […]

By |January 28th, 2015|