Write-offs

RECENT NEWS
Forbes  Nov 17  Comment 
New Harvey Weinstein tax would mean no tax deduction for legal fees or harassment settlements involving nondisclosure. That would be a big change from current law.
The Economic Times  Nov 16  Comment 
Write offs in the past four years have totaled Rs. 3.2 lakh crores, almost 50% higher than what the government plans to invest as capital in the next two years.
Motley Fool  Nov 3  Comment 
If you own a first or second home, you might not like how much you'll end up paying in income taxes.
Wall Street Journal  Oct 27  Comment 
Cutting the U.S. corporate tax rate to 20% and allowing companies to immediately write-off the cost of their capital spending would boost business investment, spur faster economic growth and improve household income, White House economists said.
Financial Times  Oct 5  Comment 
But a write-off needs to be part of a wider economic plan for the island
Wall Street Journal  Sep 1  Comment 
Because most insurance coverage for homeowners excludes flood damage, many victims of the storm will need to take “casualty-loss” write-offs to recoup what they can. Here’s what you need to know.
Motley Fool  Aug 11  Comment 
Make sure you take advantage of these favorable tax provisions.
Reuters  Aug 1  Comment 
BP's second quarter profits dipped but beat forecasts after an exploration write-off in Angola, while oil and gas production rose sharply with the start-up of new projects.
Forbes  Jul 6  Comment 
Even ministers have to pay taxes, although they do get a few special tax breaks. But when it comes to business expenses and record-keeping, they can be in the same boat as other taxpayers.




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