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If they were working for compensation, the wages they might pay a hired employee would be taxed. This is a systemic unneutrality that is inevitable in any income tax; the tax favors "leisure" (including self-rendered benefits such as shaving and mowing one's own lawn) over "work" (services sold on the market for remuneration). [2]
Unpaid tax debt can be scary. While credit card debt accrues interest and may lead to calls and letters from your creditors, tax debt accrues interest and penalties, which adds up faster than ...
After several tax amnesties program launched in 1964, 1984 and 2008, Indonesia has applied another tax amnesty in 2016. After 3 consecutive 3 months periods in 2016 and 2017, ended on March 31, 2017, repatriation commitment was Rp 146.6 trillion but the realization was Rp 128.3 trillion or about $9.61 billion.
Whether employee or business owner, most working adults are eligible to deduct at least some work-related expenses on their tax return. Been making coffee runs in your personal vehicle for the boss?
I read Ross Perlin's recent editorial in The New York Times, "Unpaid Interns, Complicit Colleges," with great interest and not a small bit of dismay. As an employment lawyer who has represented ...
Penalty for Failure to Timely Pay Tax: If a taxpayer fails to pay the balance due shown on the tax return by the due date (even if the reason of nonpayment is a bounced check), there is a penalty of 0.5% of the amount of unpaid tax per month (or partial month), up to a maximum of 25%.
The unpaid internship program of the United Nations has been known to the world as a young man from New Zealand has announced his resignation after six months of unpaid internship. David Hyde (22) began his internship at the UN headquarters in Geneva, Switzerland, without pay, but was forced to live in a tent because of expensive housing costs ...
Again, paperwork, compliance, and knowledge of labor laws are prohibitive for the small amount of work that is performed. Although illegal, side businesses generate relatively little revenue and so are rarely the target of tax enforcers. Eventually, professional employees have enough work to be able to leave their employer and become independent.
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