Opinions expressed by Forbes Contributors are their own. I cover changes and new developments in the federal tax law. The Superfund Excise Tax went into effect on July 1, 2022, and many companies ...

Excise taxes come in many forms, but have one thing in common: They are consumption taxes. An excise tax, unlike a sales tax, is an indirect tax. It is indirect because the manufacturer or ...

Grocery tax cuts are on the table for consideration by Tennessee and Nashville leaders as recent high inflation continues to ...

Excise duty can be explained as a kind of indirect tax. Excise duty refers to the tax amount that gets included in the selling price. The other name of excise duty is excise tax. The consumer has ...

You likely pay a version of each on income or goods Melissa Horton is a financial literacy professional. She has 10+ years of experience in the financial services and ...

The Internal Revenue Code (IRC) includes individual and corporate income taxes, payroll taxes, excise taxes, estate taxes, gift tax, and generation-skipping transfer tax. Criticism generally has ...

This year, electric vehicle drivers in Kentucky began paying an extra fee to offset money they would be paying into the state ...

The Excise Tax Act imposes a 10% levy on insurance premiums (other than reinsurance) against a risk in Canada; however, there are a number of instances where Excise Tax does not apply for Lloyd’s ...

THE Bureau of Internal Revenue (BIR) said it will likely miss its P326.2-billion excise tax collection goal this year due to declining demand for tobacco products. “The trend in tobacco consumption ...

She would increase the 15% alternative minimum tax on very big corporations to 21%. - She would quadruple to 4% the existing 1% excise tax on stock buybacks by publicly held corporations.

The proposal to apply a 10% excise tax on sugary beverages faces opposition from the beverage industry, which argues that the tax unfairly targets their products. The workshop on the morning of ...

Drivers are waking up to £0 car tax bills under a fortunate VED banding shake-up. With the upcoming introduction of VED for electric and low-emission vehicles in April 2025, the new Labour Party ...