Taxes (71 - 80 of 91 items)
Social Security: Taxing Nonqualified Deferred Compensation
T-HRD-90-21: Published: Apr 5, 1990. Publicly Released: Apr 5, 1990.
GAO discussed taxation of nonqualified deferred compensation. GAO found that: (1) income deferral plans represented employers' promises to provide future income to employees for services they currently rendered; (2) self-employed persons could also defer income through contractual agreements with their clients; (3) deferred incomes provided advantages for persons with current income at or over the...
Tax Policy: Uncertain Impact of Repealing the Deferral for Reinvested Shipping Income
GGD-90-35: Published: Mar 26, 1990. Publicly Released: Mar 30, 1990.
Pursuant to a congressional request, GAO reviewed the effects of repealing the tax deferral for foreign-earned shipping income, focusing on the: (1) generation of additional tax revenues; and (2) availability of merchant ships planned for use in national emergencies.GAO found that: (1) since the passage of the Tax Reform Act of 1986, foreign-based shipping income had increasingly been subjected to...
Tax Policy: State Tax Officials Have Concerns About a Federal Consumption Tax
GGD-90-50: Published: Mar 21, 1990. Publicly Released: Mar 21, 1990.
Pursuant to a legislative requirement, GAO surveyed state tax policymakers to determine their concerns about the enactment of a federal consumption tax as a budget deficit reduction option.GAO found that: (1) 72 percent of state tax policymakers preferred the use of existing federal taxes to reduce the federal deficit; (2) 45 percent of state officials favored additional corporate income taxes, wh...
Tax Policy and Administration: 1989 Annual Report on GAO's Tax-Related Work
GGD-90-46: Published: Mar 16, 1990. Publicly Released: Mar 16, 1990.
Pursuant to a legislative requirement, GAO presented its annual report for fiscal year 1989 on its work on tax policy and administration matters, including such information as: (1) summaries of tax-related products issued in 1989; (2) summaries of tax-related products issued before 1989 with open recommendations to Congress; (3) descriptions of legislative actions taken in 1989 in response to GAO...
Tax Policy: Value-Added Tax Issues for U.S. Tax Policymakers
GGD-89-125BR: Published: Sep 15, 1989. Publicly Released: Sep 15, 1989.
GAO provided information on the advantages and disadvantages of the value-added tax, focusing on: (1) how the tax would operate; (2) European countries' experiences with value-added tax; and (3) the key issues in deciding whether or not to enact such a tax.GAO found that: (1) a comprehensive 5-percent value-added tax could raise about $125 billion in revenues annually, while one that exempted food...
Tax Administration: IRS' Interpretative Guidance Implementing the Tax Reform Act
GGD-89-40: Published: Jun 19, 1989. Publicly Released: Jun 19, 1989.
Pursuant to a congressional request, GAO provided information on the Internal Revenue Service's (IRS) provision to taxpayers of interpretative guidance regarding the implementation of the Tax Reform Act of 1986.GAO found that IRS: (1) developed an implementation plan involving the publication of 135 regulations, 25 revenue rulings, 13 revenue procedures, 33 notices, and 11 announcements to provide...
Tax Policy: Economic, Administrative, and Taxpayer Compliance Aspects of a Gross Income Tax
GGD-89-36: Published: Feb 16, 1989. Publicly Released: Feb 16, 1989.
In response to a congressional request, GAO reviewed Department of the Treasury and Congressional Research Service (CRS) tax policy literature and studies to: (1) identify the general economic effects of the proposed gross income tax; and (2) compare certain administrative and taxpayer compliance aspects of the tax with the current tax system.GAO found that a gross income tax system would: (1) red...
Tax Policy: Federal Estate Tax on Historic Properties
GGD-88-56: Published: Mar 31, 1988. Publicly Released: Mar 31, 1988.
In response to a congressional request, GAO evaluated the effect of the federal estate tax on historic properties, specifically: (1) the extent to which owners broke up or sold historic properties for incompatible uses to pay federal estate taxes; (2) how current estate tax law applies to historic properties; and (3) a proposal to give preferential treatment to estates that contain historic proper...
Tax Administration: How IRS Ensures That Others Adequately Safeguard Tax Data
GGD-87-13: Published: Nov 14, 1986. Publicly Released: Nov 14, 1986.
GAO analyzed the Internal Revenue Service's (IRS) policies and procedures for safeguarding federal tax information it discloses to federal, state, and local government agencies.GAO noted that: (1) the Tax Reform Act of 1976 required that agencies receiving tax information from IRS establish appropriate safeguards to protect the information's confidentiality; (2) the act also authorized IRS to appr...