This major new contribution to the literature on charity law is the result of collaboration between an expert academic and a leading practitioner in the field. The combination of their different skills and experience produces an in-depth analysis of the law that is informed both by detailed scholarship and an understanding of how charity law really operates in practice today. It incorporates analysis of the likely effects of the Human Rights Act 1998 and of the important changes made by The Finance Act 2000 and The Trustee Act 2000.

This book seeks to provide an extensive analysis of the equitable doctrine of marshalling in the way that it applies to secured debt. There is detailed and systematic reference to the application of marshalling in the United Kingdom, in particular the conditions that must be satisfied before marshalling will assist a secured creditor and the limitations imposed on its effective operation. There is also substantial comparative material with extensive analysis of Commonwealth law and selected US authorities. This book will appeal equally to those specialists working in equity, banking and finance law and to commercial lawyers more generally.

Get comprehensive, detailed guidance on the tax law of unrelated businesses for tax-exempt organizations, written by the leading expert in the field

"The Tax Law of Unrelated Business for Nonprofit Organizations" has everything you need to help you understand and interpret the general rules, modifications, and exceptions of the tax law of unrelated business for nonprofit organizations--including the unrelated debt-financed income rules, commercial activities, use of separate entities, and reporting requirements.

This comprehensive resource equips you to fully analyze your organization's operations from the unrelated business perspective. You'll focus on details pertaining to the unrelated business income tax return (Form 990-T) and its many schedules. In addition, you'll get six appendices and tables to help round out your analysis. This authoritative guide explores every facet of tax law applicable to unrelated business for nonprofit organizations, including the rules governing:

Publishing

Advertising

Corporate sponsorships

Gift shops

Restaurants and cafes

List rentals and exchanges

Trade shows

Travel tours

Real property development

Research programs

Gambling and gaming

Endorsements

Convenience businesses

Foreign source income

This must-have resource is filled with explanations and illustrations and hands-on guidance from Bruce R. Hopkins, the leading authority in nonprofit law. Its in-depth information shows you how to thoroughly and authoritatively manage unrelated business activities and protect your organization's tax-exempt status.

The way that nation states design their tax systems impacts the sharing of resources and wealth within and across societies. To date, wealthy countries have made tax policy design and coordination choices which allow them to claim more than they are justifiably entitled to from the global economy. In Tax Cooperation in an Unjust World, Allison Christians and Laurens van Apeldoorn show how this presently accepted reality both facilitates and feeds off continued human suffering, and therefore violates conceptions of international distributive justice. They examine two principles that govern tax cooperation across states, and explain how the current international tax order impedes their realization. They then show how states could work toward fulfilling the principles and building a fairer international tax system via incremental yet effective adaptation of key international tax norms and rules.

Tax law is political. This book highlights and explains the major themes and methodologies of a group of scholars who challenge the traditional claim that tax law is neutral and unbiased. The contributors to this volume include pioneers in the field of critical tax theory, as well as key thinkers who have sustained and expanded the investigation into why the tax laws are the way they are and what impacts tax laws have on historically disempowered groups. This volume, assembled by two law professors who work in the field, is an accessible introduction to this new and growing body of scholarship. It is a resource not only for scholars and students in the fields of taxation and economics, but also for those who engage with critical race theory, feminist legal theory, queer theory, class-based analysis, and social justice generally. Tax is the one area of law that affects everyone in our society, and this book is crucial to understanding its impact.

This book clearly chronicles the evolution of Chinese VAT regulations, with a particular focus on the reforms of recent years. Covering all the provisions of the laws related to VAT, it also provides examples and implementation instructions. Practically structured and easy to consult, it allows readers to quickly find answers to questions that may arise in the course of their work. As such, the book is a valuable tool for accountants, advisors, lawyers, public officials and anyone working in the sector.

In this fresh, objective, and non-argumentative volume in the Elements of International Law series, Peter Hongler combines a comprehensive overview of the technical content of the international tax law regime with an assessment of its crucial relationship to wider international law. Beginning with an assessment of legal principles and foundations, the book considers key general principles, treaty based regimes, and regional integration in tax matters. In the second half of the work Hongler places international tax law in the context of its wider relationships with human rights law, and trade and investment law. He concludes by considering major legal successes and failures and what might be done to address these.

This book examines the coherent international tax regime that is embodied in both the tax treaty network and in domestic laws, and the way it forms a significant part of international law, both treaty based and customary. The practical implication is that countries are not free to adopt any international tax rules they please, but rather operate in the context of the regime, which changes in the same ways international law changes over time. Thus, unilateral action is possible, but is also restricted, and countries are generally reluctant to take unilateral actions that violate the basic norms that underlie the regime. The book explains the structure of the international tax regime and analyzes in detail how US tax law embodies the underlying norms of the regime.

Line-by-line tips and instructions to successfully file Form 1023
IRS Form 1023 Tax Preparation Guide provides comprehensive instructions for completing and filing the new and significantly revised Form 1023 (Application for Recognition of Exemption under Section 501(c)(3) of the Internal Revenue Code).
Nonprofit organizations--including health and human service organizations, schools, private foundations, churches, libraries, museums, cultural institutions, environmental protection organizations, and other charitable, smaller groups--contend daily with issues related to their IRS filings, from qualifying and applying for tax-exempt status to maintaining and managing it. Written for nonprofit executives and directors, accountants, nonprofit boards, lawyers, consultants, and volunteers, IRS Form 1023 Tax Preparation Guide is brimming with helpful advice and features, including:
* Strategies for obtaining IRS recognition of tax-exempt status as a charitable organization including a Suitability Checklist to evaluate viability of making application
* Insights into the rationale behind the information requested by the IRS
* Specific suggestions for answering each question on Form 1023 and navigating the steps involved in the approval process
* Practical advice on the alternatives available in contesting an adverse IRS determination
* An overview of state filing requirements
* A companion Web site that allows nonprofits to download key model forms and connect to IRS forms
* Easy-to-use worksheets to help manage such critical concerns as public charity status, tax-exempt eligibility, reporting to the IRS, and tax compliance

David Wessel's incredible tale of how Washington works-and why the rich keep getting richer-starts when a Silicon Valley entrepreneur concocts an idea that will save money on his taxes and spins it as a way to ostensibly help poor people. He organizes and pays for an effective lobbying effort that pushes his idea into law with little scrutiny or fine-tuning by congressional or Treasury tax experts-and few safeguards against abuse. With an unbeatable pair of high-profile sponsors, bumper-sticker simplicity and deft political marketing, the Opportunity Zone became an unnoticed part of the 2017 Trump tax bill. The gold rush followed immediately thereafter. In Only the Rich Can Play, Wessel follows the money to see who profited from this plan that was supposed to spur development of blighted areas and help people out of poverty: the Mandalay Bay Hotel in Las Vegas, the Portland (Oregon) Ritz-Carlton, the Mall of America, and self-storage facilities-lucrative areas where the one percent can park money profitably and avoid capital gains taxes. And the best part: unlike other provisions for eliminating capital gains taxes (inheritance, for example) you don't have to die to take advantage of this one. Wessel provides vivid portraits of the proselytizers, political influencers, motivational speakers, consultants, real estate dealmakers, and individual money-seekers looking to take advantage of this twenty-first century bonanza. He looks at places for which Opportunity Zones were supposedly designed (Baltimore, for example) and how little money they've drawn. And he finds a couple of places (Erie, PA) where zones are actually doing what they were supposed to, a lesson on how a better designed program might have helped more left-behind places. Readers will feel outraged as Wessel gives us the gritty reality, the dark underbelly of a system tilted in favor of the few, with the many left out in the cold.

This supplement is an invaluable single source for the code and regulations applying to federal transfer taxes, such as gift taxes and the generation-skipping transfer tax. It is a quick and easy, yet comprehensive, reference to the primary law, conveniently sized for carrying in a briefcase or backpack. The 2022 edition includes code and regulation changes up through early February 2022.

Steuervermeidungsstrategien globaler Internet-Konzerne sind Gegenstand kontroverser politischer Debatten und stellen Deutschland und die Europaische Union vor beachtliche Herausforderungen. Globale Internet-Konzerne zahlen trotz ihrer hohen Umsatze vergleichsweise geringe Ertragsteuern, weil die geltenden steuer- und abkommensrechtlichen Vorgaben nicht auf grenzuberschreitende digitale Geschaftsmodelle zugeschnitten sind. Die vorliegende Publikation befasst sich mit den Besteuerungsdefiziten der Digitalen Wirtschaft. Die Autorin setzt sich kritisch mit ausgewahlten Reformvorschlagen auseinander, die durch die OECD, die Kommission und den deutschen Gesetzgeber in der jungeren Vergangenheit entwickelt und diskutiert wurden, darunter insbesondere mit dem Konzept der virtuellen Betriebsstatte.

The latest edition of this key title sees Tolley live up to its reputation as the authority on tax matters. It contains all the information required to achieve the most cost-effective, convenient and effective estate planning. The esteemed editorial board help you formulate strategies for the provision, holding and devolution of personal and family resources. Clear subject headings and straightforward explanations of routine and complex topics make for fast, effective research. Following the tax planning series' straightforward and easy-to-read style with clear headings, this guide includes worked examples, tables and a comprehensive index. A practical step-by-step case study illustrates the benefits of careful planning and incorporates many points discussed throughout the book.

This is an open access title available under the terms of a CC BY-NC-ND 4.0 licence. It is offered as a free PDF download from OUP and selected open access locations. This book undertakes a fundamental review of the existing international system of taxing business profit. It steps back from the current political debates on how to combat profit shifting and how taxing rights over the profits of the digitalized economy should be allocated. Instead, it starts from first principles to ask how we should evaluate a tax on business profit-and whether there is any good rationale for such a tax in the first place. It then goes on to evaluate the existing system and a number of alternatives that have been proposed. It argues that the existing system is fundamentally flawed, and that there is a need for radical reform. The key conclusion from the analysis is that there would be significant gains from a reform that moved the system towards taxing profit in the country in which a business made its sales to third parties. That conclusion informs two proposals that are put forward in detail and evaluated: the Residual Profit Allocation by Income (RPAI) and the Destination-based Cash Flow Tax (DBCFT). The book is authored by group of economists and lawyers-the Oxford International Tax Group, chaired by Michael P. Devereux. It draws insights from both economics and law-including economic theory, empirical evidence on the impact of taxes, and an examination of practical issues of implementation-to assess the existing system and to consider fundamental reforms. This book will be useful to tax policy makers, tax professionals, academics, and anyone interested in tax policy.

This authoritative book provides a structural, global view of evolving judicial and doctrinal trends in the understanding of beneficial ownership in international taxation. Despite attempts by the OECD to clarify the concept, it remains ambiguous to tax authorities, courts and scholars alike, which has detrimental effects on the functioning of tax treaties. Blazej Kuzniacki presents a route towards an international autonomous meaning of beneficial ownership in international taxation, while also offering a comprehensive explanation of the divergent understandings and tax policy arguments underpinning its continuing ambiguity. Key Features: Guidance towards solving definitional disputes between taxpayers and tax authorities Discussion of ground-breaking judgments in cases on beneficial ownership from various jurisdictions across the world Comprehensive reflection of tax law in action, particularly in respect of outbound investments that trigger transborder payments of dividends, interest and royalties Clear demarcation between appropriate and inappropriate usage of beneficial ownership by authorities and courts when addressing the issue of abuse of tax treaties and EU Directives Beneficial Ownership in International Taxation will be a crucial resource for lawyers specialising in international taxation, tax practitioners and accountants, along with officials at tax authorities and judges hearing cases in this area. It will also be useful for policy makers working on cross-border taxation, and scholars and students researching international tax law.

Tolley's Yellow Tax Handbook ensures you have a complete view of contemporary tax legislation. This book is endorsed by the Chartered Institute of Taxation (CIOT). The new edition contains all the relevant UK direct tax legislation, along with EU Directives and Regulations and essential HMRC material. The impact of the Finance Act 2022 is expertly covered by Tolley's tax team. The reader's understanding of the legislation is assisted by cross-references to the HMRC Internal Guidance Manuals and market-leading commentary in Simon's Taxes. With arguably the longest tax code in the world, and Finance Acts of increasing complexity and volume, interpreting the legislation has become more difficult than ever. Tolley's Handbook is the imperative reliable guide to the legislation.

The Telegraph Tax Guide is the UK's bestselling tax handbook, containing everything you need to know about completing a self-assessment tax return for the 2021/22 financial year. With advice on how to complete self-assessment tax returns and a number of tax saving tips, this indispensable book includes: - Key changes from the Budget and Treasury Statements - Dealing effectively with HR Revenue and Customs - Worked illustrations showing you how to complete your tax submission - How living or working abroad affects the tax that you pay - Tax saving tips which help you save money Whether you are self-employed, work part time of full time, are unemployed or retired, if you pay tax The Telegraph Tax Guide is invaluable. It helps ensure that you are as tax efficient as possible, offering practical advice, timetables and examples that make the complex and challenging world of tax returns easier to understand.

Die vorliegende Arbeit befasst sich mit der Besteuerung der grenzuberschreitenden Tatigkeit einer in Deutschland oder in Portugal ansassigen Personengesellschaft. Personengesellschaften werden in Portugal generell als eigenstandige Steuersubjekte behandelt, wahrend in Deutschland die Gesellschafter mit ihren anteiligen Gesellschaftsgewinnen besteuert werden. Daraus resultierende Qualifikationskonflikte und ihre Loesungsmoeglichkeiten werden in dieser Arbeit aufgezeigt. Die Autorin stellt heraus, dass die in Art. 4 Abs. 4 DBA Deutschland-Portugal verankerte Ansassigkeitsfiktion die Doppelbesteuerung nicht vermeidet. Als weiterfuhrende Loesungsalternativen eroertert sie die Qualifikationsverkettung, die Reduktion des Methodenartikels und die abkommensverdrangende Regelung des 50d Abs. 9 und 10 EStG.

What are the requirements of the new intermediate sanctions law?

What is the definition of an excess benefit transaction?

How will financial penalties be determined?

How will sanctions be applied?

What are the law's expanded reporting and disclosure requirements?

What can nonprofits do to plan for compliance?

These are just some of the questions you may be asking about intermediate sanctions, the most important legislation to impact the nonprofit sector in a generation. This unique guide tackles these crucial issues and more, equipping you with the vital information you need to understand the new rules and work with them effectively.

Written by two of the country's leading authorities on tax-exempt organizations, Intermediate Sanctions reviews the history and background of the act, and systematically examines how this body of law promises to affect the operations of public charities and other tax-exempt organizations. Clear and direct in approach, the book features down-to-earth examples throughout, making it an essential practical resource for lawyers, accountants, managers, and others working in the nonprofit arena.

Dieses Buch setzt sich mit der rechtlichen Neuordnung des Handels von Finanzderivaten in Europa und speziell in Deutschland auseinander. Die auf den G-20 Beschlussen von Pittsburgh beruhende europarechtliche Regulierung des ausserboerslichen Derivatemarkts erfolgt in der EU durch die European Market Infrastructure Regulation, die auch als EMIR-Verordnung bezeichnet wird. Der Schwerpunkt liegt auf den sich aus der Verordnung ergebenden zivilrechtlichen Vorgaben, die von den Marktteilnehmern bei Abschluss und Durchfuhrung von ausserboerslichen Finanztermingeschaften zu beachten sind. Im Rahmen des verpflichtenden Clearings stellt das Werk eine rechtssichere und wirtschaftlich gunstige Alternative zur regelmassig gewahlten Novation dar und bewertet und erganzt den deutschen Rahmenvertrag fur Finanzderivate in Bezug auf Besicherungs- und Meldepflichten. Im Rahmen der Darstellung und Analyse der Rechtsfolgen von Verstoessen der Marktteilnehmer gegen Verpflichtungen aus der EMIR-Verordnung setzt sich das Werk fur eine differenzierte, den Sekundaranspruchskatalog des BGB achtende enge Auslegung der Verordnung ein und stellt europaische Abwicklungsvorgaben dem deutschen Insolvenzrecht gegenuber.

Charting tax changes post-Budget, this edition of Whillans's Tax Tables includes all the relevant information from the 2022 Autumn Budget, enabling practitioners to start processing the updated facts and figures. Revised content includes the latest tax rates, reliefs and tables of rates and allowances for the current year and previous five. Usefully, the operative date for each change is clearly shown. Concise summaries of tax changes are presented in tabular form under distinctive headings.