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Exact(15)
Buyers get to deduct taxes already paid, giving them an incentive to ensure that sellers actually pay the tax.
Proponents said it was unfair to let residents of income-tax states deduct taxes, but not residents of sales-tax states.
From his pay, he has to deduct taxes, Social Security, union dues and a $413 monthly mortgage payment for their mobile home.
Studios are allowed to deduct taxes withheld by overseas distributors, even though they get a one-to-one credit for those taxes from the U.S. government.
He was accused of disguising payoffs to Mr. Steiner as business expenses and failing to deduct taxes from the salaries of employees.
The section states that such officials and officers are included in the definition of an employee and the next section of the tax code states that every employer paying wages will deduct taxes and remit them to the government.
Similar(45)
The value-added tax, for instance, allows firms to deduct tax paid on inputs from their sales-tax bill, in effect encouraging them to police their suppliers.
Foreigners who are subject to income tax levied by the Palestinian Authority will deduct tax at source in the same manner as Palestinians.
Owners will be required to pay the legal minimum wage, deduct tax and national insurance, arrange safety training and follow the law on rest periods at sea.
Accounts held in someone else's name should be transferred to them, otherwise the bank or building society will immediately have to deduct tax from the interest (though it may be possible to reclaim this tax).
The UK and Switzerland have reached a withholding tax deal – where the Swiss deduct tax from the accounts of UK residents, paying it to the UK without telling us who they are.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com