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Government Tax Sales
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U.S. Longer-Term Notes Decline as Government Debt Sales Loom (Bloomberg)
Jan. 5 (Bloomberg) -- Treasury longer-term notes fell for a third day before what will likely be $50 billion in government securities sold this week amid speculation Congressional efforts to spur the U.S. economy will help the nation snap a recession. Tax-sharing proposal has merits, Sask. premier says (CBC Saskatchewan)
Saskatchewan Premier Brad Wall is talking about the possibility of sharing sales tax money with the province's municipalities. Action Line: Retailers shouldn't charge sales tax on gift cards (Greeley Tribune)
QUESTION - I recently purchased a gift card for someone for Christmas from a Greeley business, and it charged me tax on the card. Can it do that? Tax audit of schools, gov't agencies set (Sun Star)
THE Bureau of Internal Revenue (BIR) is planning to do mandatory tax audit of schools, government agencies and establishment to meet the agency’s P910-billion tax collection target this year. Asian Stocks Rise an 8th Day on Tax Cut, Spending Expectations (Bloomberg)
Jan. 5 (Bloomberg) -- Asian stocks rose for an eighth day, pushing the benchmark index to its longest streak of gains since 2004, on optimism tax cuts, government spending and lower interest rates will alleviate the global recession. Sales tax calculation: government to raise assessment value of sugar to Rs 28.88 per kg (Business Recorder)
ISLAMABAD (January 04 2009): The government has decided to increase assessment value from Rs 24.57 to Rs 28.88 per kilogram on taxable supply of locally produced white crystalline sugar for the purpose of sales tax calculation. Transportation leaders urge state to lower two-thirds requirement for sales tax hike (Santa Cruz Sentinel)
SANTA CRUZ -- County transportation leaders have asked the state government for help in nailing down a new local sales tax that could pay for highway projects, road repairs, a scenic bike trail along the coast and a rail station in the Pajaro Valley. Food tax exemption in works again (Anchorage Daily News)
JUNEAU -- A Juneau Assembly member is trying to resurrect her proposal to exempt some foods from the city's sales tax. Asian Stocks Rise an 8th Day on Tax Cut, Spending Expectations (Bloomberg)
Jan. 5 (Bloomberg) -- Asian stocks gained, pushing the benchmark index to an eighth-consecutive gain, the longest streak since 2004, on optimism tax cuts, government spending and lower interest rates will alleviate the global recession. Grocery sales-tax reduction pending (Daily News Journal)
Latasha Gregory watches for supermarket deals like buy-one-get-one-free to keep her grocery bill low and the food sales tax she has to pay even lower.
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