IRS faces lawsuit for failing to enforce church electioneering ban (via Raw Story )
The Internal Revenue Service was unable to suppress a lawsuit over its failure to audit thousand of churches that allegedly violated federal tax law by engaging in partisan advocacy. U.S. District Judge Lynn Adelman of the Western District of Wisconsin…
3 comments:
Interesting intersection of economics, law, government policy, and religion. The suit is apparently over preferential treatment that is over a preferential economic advantage.
Where, exactly, do FICA taxes go? Can we sue the IRS or Treasury
a) for their arbitrary imposition of yet another Demand Leakage
(it's gotta contravene some National Security act)
b) for their arbitrary distribution only to labor income, and then only to some labor income
Sweden decides that private equity profits should be taxed as income, not as "carried interest" investment gains.
http://www.businessweek.com/news/2013-08-20/sweden-hits-eqt-partners-with-100-million-in-tax-charges-1
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