BNET Business Dictionary
Business Definition for: Hidden Tax
- a tax that is not immediately apparent. For example, while a consumer may be aware of a tax on retail purchases, a tax imposed at the wholesale level, which consequently increases the cost of items to the retailer, will not be apparent.
Additional Resources
- Southern California Edison hidden tax blasted by consumers, seniors and business
- LOS ANGELES--BUSINESS WIRE--Nov. 29, 1994--Consumers, small businesses, minority organizations, seniors, water districts, flower growers, manufacturers and agricultural groups Tuesday blasted a $100 million hidden consumer tax proposed by Southern California Edison to finance their profit-making ventures with electric vehicles.
- Research articles 1994-11-29
- Premera Report Spurs National Study, Highlights Dramatic Problem of Hidden Healthcare Tax
- 2006 Premera Study Found Similar Cost Impact in Washington State MOUNTLAKE TERRACE, Wash. -- The "hidden tax" on privately insured families and employers created by underpayments for Medicare and Medicaid, first identified by a Washington state study funded by Premera Blue Cross, was given new attention today with the...
- Research articles 2008-12-09
- Gore tried to fund Internet scheme with hidden taxes
- It looks as though Al Gore's pet projecthooking every classroom and library up to the Internet and using a hidden tax to pay for itis about to explode in his face. It will be a consequence richly deserved. The real outrage is the way Gore and his supporters have gone...
- Research articles 1998-06-26
- U.S. Offshore Tax Amnesty Yields Big Response: IRS
- By Kim DixonWASHINGTON (Reuters) - Some 14,700 rich Americans worried about a U.S. government crackdown on offshore tax cheats came forward to participate in a tax amnesty program, the top U.S. tax official said on Tuesday.Participation in the Internal Revenue Service's amnesty program was "unprecedented" and the final number was...
- News items 2009-11-17
- Swiss banker, lawyer charged with tax fraud
- Hansruedi Schumacher, executive manager at Swiss private bank Neue Zuercher Bank, and Matthias Rickenbach, a lawyer who provided legal advice and services to American clients, were indicted for conspiring to defraud the US, the Justice Department and Internal Revenue Service announced. According to the indictment, Mr Schumacher and Mr Rickenbach...
- News items 2009-08-20
- Conference on credit/debit fees applauded: interchange fees questioned by Federal Reserve.(Federal Reserve Bank of Kansas City)
- A COALITION OF BUSINESS ORGANIZATIONS HAS APPLAUDED THE Federal Reserve Bank of Kansas City for holding a conference on credit and debit card interchange fees, saying the rapidly escalating fees amount to a hidden tax on U.S. consumers. A COALITION OF BUSINESS ORGANIZATIONS...
- Research articles 2005-07-01
- Coalition of business organizations applaud credit-card fee conference.(WASHINGTON REPORT)
- A coalition of business organizations has applauded the Federal Reserve Bank of Kansas City for holding a conference in May on credit and debit card interchange fees, saying the rapidly escalating fees amount to a hidden tax on U.S. consumers. "Merchants have known...
- Research articles 2005-06-01
- Congress Endorses Tax Benefits for Renewal Communities
- YOU PROBABLY DIDN'T READ MUCH about the tax bill Congress passed at the end of the last session. That was because of two things. The provisions didn't include any of the controversial tax cut items that had been bandied about in 2000, such as an estate tax elimination. And the...
- Research articles 2001-02-01
- The U.S. Climate Bill's Hidden Gas Tax
- Politicians have spent decades studiously avoiding higher gasoline taxes, to avoid their voter's wrath. But it looks like a new gas tax will finally go ahead, as part of the new American Clean Energy and Security Act, the formal name for the United States' cap-and-trade bill. Cap-and-trade...
- Blog posts 2009-05-18
- Website of the Month: Yahoo Tax Center
- Yahoo Tax Center (taxes.yahoo.com) is part of the Yahoo Finance family of Internet resources. Although Yahoo Tax Center is aimed at nonexpert taxpayers, practitioners will find several time-saving materials, plus a few hidden gems. Some resources are available via links to well-known websites. Yahoo Tax Center offers quick, easy links...
- Research articles 2004-01-01
- Rescuing Pension Rescue Plans: Dealing With the IRD Problem Is More Difficult, But Still Workable
- The December 2003 California CPA article on the hidden tax traps of Income in Respect of Decedent IRD noted that the IRS clobbers certain types of assets, such as qualified retirement plans and IRAs at death. For clients in the maximum income tax and estate tax brackets, the asset erosion...
- White papers 2004-08-01
- Tempted by a surefire way out of taxes? It could be a scam
- Nobody likes to feel like a chump, particularly where taxes are concerned. Why should you hand over your hard-earned money to those clowns in Washington when your neighbor doesn't pay a dime? Especially when your neighbor has offered to introduce you to someone who can make your tax bill disappear,...
- Research articles 2004-03-09
- The hidden cost of budget cuts.(Cover Story)
- The budget, submitted by the Republican-controlled Congress, features tax increases for the poor, tax cuts for the rich, and a sell-out to business interests. Taxes, Medicare, welfare, food stamps, environmental concerns, education, labor, and other specifics of the budget are discussed.The Republicans' budget is so transparent it's as though ...
- Research articles 1995-12-11
- Rescuing pension rescue plans: dealing with the IRD problem is more difficult, but still workable
- The December 2003 California CPA article on the hidden tax traps of income in respect of decedent IRD noted that the IRS clobbers certain types of assets, such as qualified retirement plans and IRAs at death. For clients in the maximum income tax and estate tax brackets, the asset...
- Research articles 2004-08-01
- Welfare reform's hidden ally: part of the praise given to welfare reform properly belongs to the Earned Income Tax Credit. (Income).
- THE EARNED INCOME TAX Credit EITC lifts more children out of poverty than any other social program in America--indeed, more than all other means-tested benefit programs combined. That's because it provides a substantial tax credit for low-income working parents, which is also refundable. That is, it...
- Research articles 2002-07-15
- Discretionary trusts and the $5 million tax time bomb.
- Jun 04, 2003 (Law Institute Journal - ABIX via COMTEX) There is a tax time bomb hidden away in discretionary trusts in Australia. When a taxpayer sells a business, this can give rise to a capital gain that is assessable for tax purposes by the...
- Research articles 2003-06-04
- Tax Services For The Real Estate Industry
- In this work with leading REITs, private equity funds, and other real estate owners and operators, clients describe a number of major considerations that impact their operations today from a tax perspective. Among the most notable are-Tax due diligence and valuation, Structuring investments and transactions, Reporting for regulators and investors,...
- White papers 2008-04-21
- U.S. Charges Two in Swiss Banking Tax Evasion Scheme
- By Jeremy Pelofsky WASHINGTON (Reuters) - The United States widened efforts to crack Swiss bank secrecy codes by indicting on Thursday a banker who moved from UBS AG to another bank and a Zurich lawyer, on charges of helping wealthy Americans hide their assets from U.S. tax authorities. U.S. officials...
- News items 2009-08-20
- Time to fix your 'roo imbalance (The hidden environmental tax on farmers).
- Jan 06, 2003 (Institute of Public Affairs Review - ABIX via COMTEX) Hidden environmental taxes endanger the long-term feasibility of Australia's farms. Rising numbers of kangaroos are competing for feed with sheep and cattle. Farmers can kill their livestock rather than making them suffer...
- Research articles 2003-01-06
- Does the IRS's new ruling policy on spin-offs enhance the desirability of tax insurance?
- Various forms of spin-offs remain popular tools for unlocking hidden corporate value and improving financial performance. Under an IRS pilot program, however, those seeking tax-advantaged spin-offs under section 355 of the Internal Revenue Code face new uncertainty in respect of the tax consequences of the transaction.
- Research articles 2003-09-01
