Exact(9)
First is the increased potential for tax avoidance.
"The Office for Budget Responsibility does appear to suggest there is significant potential for tax avoidance," Smith said.
Rather than spur productivity-enhancing investments, it created opportunities for tax shelters – investments driven solely by the potential for tax savings without regard to economic merit.
The transactions attracted the attention of regulators puzzled by why donors would give nonprofit groups nonvoting shares, whose value — and thus potential for tax deduction — is limited by their nonvoting nature.
Taking the top 10 off the table means taking more than 70 percent of the dollar value of all tax expenditures off the table, thus greatly limiting the potential for tax reform to lower rates.
The difficulty with that distinction is the potential for tax headaches.
Similar(50)
Customers have piled money into National Savings and Investments (NS&I) premium bonds in recent months, attracted by the fact that they offer cautious investors a guaranteed home for their capital with the potential for tax-free winnings.
Having already tried towns in other parts of the UK – businesses in Newhaven and Shoreham turned down the opportunity despite the delicious potential for tax-related puns – the producers settled on the pretty Welsh town inside the Brecon Beacons National Park due to the residents' history of standing up to big retailers.
It is this potential for tax-free distributions that makes ETFs attractive to participants, especially those who feel they will be in higher tax brackets during their retirement years.
This is an incredible way to save for your child's future because of the potential for tax-free growth.
"There's a fine line between conduct that rises to a potential charge for tax evasion and activities that don't rise to tax evasion," James N. Mastracchio, the co-chair Baker Hostetlers national tax controversy practice.
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