New Jersey residents have been hit by their government with a 7% tax on iTunes downloads (as well as other music download services such as Napster) this past week. The sales tax overall was raised from 6 to 7% in order to help the state fight their $4.5-billion deficit. Many are speculating that other states will […]
Tag: US ↓
New Jersey legislates tax on iTunes downloads
October 6th, 2006 · 2 Comments
Category: Taxation
Tags: Apple, download, government, iTunes, music, New Jersey, sales tax, US
Pension brouhaha south of the border
October 5th, 2006 · No Comments
FASB is coming out with some tough new standards relating to defined benefit pensions that is expected to result in significant new liabilities (or increases to existing ones) for companies that had been accounting for their pensions under the more lax requirements of the old standard. Defined benefit pension plans are definitely the more complicated […]
Category: Accounting Standards
Tags: Accounting, asset, benefit, FASB, GAAP, liability, pension, US
Love tax theory, hate tax application
August 24th, 2006 · No Comments
Tax is a subject that is near and dear to my heart, but not because I occasionally fill out a tax return. Tax theory is fascinating and relevant stuff, but I won’t ask you to take my word for it. I think the reason why I like tax theory but hate applying tax law, is because […]
Category: Taxation
Tags: Canada, consumption tax, Europe, GST, policy, politics, tax, US, VAT
NAFTA super highway to accelerate North American trade">NAFTA super highway to accelerate North American trade
June 18th, 2006 · 1 Comment
I stumbled across this story through digg and it seemed pretty well supported even though it hasn’t been covered in the mainstream media at all yet. The Bush administration appears to be planning for a Mexico-USA-Canada “super corridor” to bypass a couple unions. The new road will allow containers from the Far East to enter […]
Category: Business
Tags: Canada, highway, Mexico, NAFTA, transportation, travel, union, US
Alcatel buying Lucent for $13.5 billion
April 2nd, 2006 · No Comments
The French telecom company Alcatel is buying Lucent in what is reported to be a $13.5 billion acquisition made to improve R&D capabilities in both organizations. Lucent’s CEO, Patricia Russo, doesn’t speak French but will become the new CEO of the Paris-based giant. I wonder how well that’s going to work out. It will be […]
Category: Business
Tags: Alcatel, communication, Dubai, France, government, IBM, language, Lenovo, Lucent, merger, politics, US

