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What (who) is tax proceeds - definition
FINANCIAL EXPERT SPECIALLY TRAINED IN TAX LAW
Tax advisors; Tax advice; Tax adviser; Tax consultant; Tax professional; Tax services; Commercialista; Tax advisory
Proceeds of Crime Act 1996
ACT OF THE OIREACHTAS NO. 30 OF 1996
Proceeds of Crime Act, 1996
The Proceeds of Crime Act, 1996 was an Act of the Oireachtas in the Republic of Ireland. It deals with the disposal of any property or assets that have been obtained through criminal means.
Hotel tax
TYPE OF TAX
Bed tax; Transient occupancy tax; Lodging tax; Visitors' tax
A hotel tax or lodging tax is charged in most of the United States, to travelers when they rent accommodations (a room, rooms, entire home, or other living space) in a hotel, inn, tourist home or house, motel, or other lodging, generally unless the stay is for a period of 30 days or more. In addition to sales tax, it is collected when payment is made for the accommodation, and it is then remitted by the lodging operator to the city or county.
Sin tax
EXCISE OR SALES TAX SPECIFICALLY LEVIED ON GOODS DEEMED HARMFUL TO SOCIETY AND INDIVIDUALS (E.G. DRUGS, ALCOHOL, TOBACCO, COFFEE, SUGAR, CANDIES, SOFT DRINKS, FAST FOOD, GAMBLING, PORNOGRAPHY)
Sin taxes; Vice tax; Sin Tax; Punitive tax; Demerit tax; Health tax
A sin tax is an excise tax specifically levied on certain goods deemed harmful to society and individuals, such as alcohol, tobacco, drugs, candies, soft drinks, fast foods, coffee, sugar, gambling, and pornography. In contrast to Pigovian taxes, which are to pay for the damage to society caused by these goods, sin taxes are used to increase the price in an effort to lower demand, or failing that, to increase and find new sources of revenue.
Wikipedia
Tax advisor
A tax advisor or tax consultant is a person with advanced training and knowledge of tax law. The services of a tax advisor are usually retained in order to minimize taxation while remaining compliant with the law in complicated financial situations. Tax Advisors are also retained to represent clients before tax authorities and tax courts to resolve tax issues.
Examples of use of tax proceeds
1. Unocal said it would realise after–tax proceeds of $1.5 billion from the sale of Northrock Resources, a plan that was pending before the Chevron deal.
2. The world‘s biggest drug maker will have to pay tax on the disposal andexpects to book around $13.5 billion in after–tax proceeds.
3. The way it works is as follows: The fund receives all oil tax proceeds above the base price of $27 per barrel.
4. IAC, which sold its 5.44 percent common interest and its preferred interests in VUE, said the deal resulted in after–tax proceeds that far exceeded its publicly stated valuation of the VUE securities.
5. "The board does not believe that it would be in the best interests of GCap‘s shareholders to sell these businesses at the level of the offers received having taken account of the likely post–tax proceeds and the dilution to earnings per share from disposal.