June 22, 2016 |
Before dozens of cheering supporters in City Hall, Mayor Kenney signed the sweetened beverages tax into law Monday. Now comes the tough part: enforcement. The 1.5-cent-per-ounce tax on sugar-sweetened and diet beverages is expected to raise about $91 million annually, which will go toward expanding prekindergarten in the city; creating community schools; improving parks, recreation centers, and libraries; and funding various other budget programs. Getting that money will be dependent on the Revenue Department's enforcing the tax on distributors, or, in some cases, the vendors.
May 19, 2016 |
Before and after Anthony M. Lario was a New Jersey Superior Court judge, daughter Lynn Miller said, he was proud of his work as a pro bono lawyer. "I can't tell you how many times there were food items and pastries left on our back steps," Miller said. "Left by people he would help and not charge. " Those clients, she said, were often "a lot of immigrants . . . people he knew could not afford it. " On Sunday, May 15, Judge Lario, 95, of Cherry Hill, a Superior Court judge in Tax Court from 1979 to 1990, died at Methodist Hospital.
April 1, 2016
MAYOR KENNEY'S proposed 3-cents-an-ounce tax on sugary drinks is difficult to swallow, especially for the city's poor, small shop owners, grocers and the Teamsters Union drivers and bottling-plant workers I represent. The regressive tax, which City Council already rejected twice under the previous mayor (including two "No" votes by former Councilman Kenney) is now being spun by the Kenney administration as the only way it can afford to pay for its ambitious new proposals, which is simply untrue.
September 24, 2015 |
A tax expert retained by former Vanguard Group tax lawyer David Danon in his whistle-blower complaints against the mutual fund giant has sent the IRS a report estimating the company's unpaid federal income tax liabilities at $34.6 billion from 2007 to 2014. "If the IRS were to pursue this matter, it will prevail in court," wrote Reuven S. Avi-Yonah, law professor at the University of Michigan Law School, in his report. Malvern-based Vanguard, the nation's largest mutual fund company, "has no legal justification" for charging its mutual funds artificially low management fees that reduce its reported profits and tax obligations, Avi-Yonah wrote.
August 31, 2015 |
Stanley Amland threw it off. So did Ingrid Bracke. Rhoda May Derksen ditched hers, too. The names, picked at random for this article from the Federal Register, are among the 3,415 Americans who renounced their U.S. citizenship or relinquished their residency permits last year. As a national debate rages about "anchor babies" and the constitutional amendment that grants "birthright citizenship" to anyone born on U.S. soil, a record number of Americans and green-card holders are becoming ex-Americans.
July 13, 2015 |
Americans can expect secretive groups to eagerly donate money to 2016 presidential and congressional campaigns even as candidates try to deny the corrupting nature of cash received from groups trying to influence government contracts, appointments, or laws that benefit certain businesses or ideologies. The unseemly practice would stop if the government agencies given the power to do something about the expected flood of dark money would only act. But don't hold your breath waiting for that.
January 12, 2015 |
With the onset of the 2015 tax-filing season, here are cautionary tales of a man and a woman whom you don't want preparing your taxes. The Department of Justice and the Internal Revenue Service highlight some of the brightest red flags among fraudulent tax preparers. These two local folks were doozies. In 2013, "Archie" - full name, Adekunle Adetayo Adeolu - was sentenced to prison and $135,519 in restitution after filing false tax returns. He operated Adeolu & Okojie, a tax-service business in Philadelphia.
December 10, 2014
ISSUE | OBAMACARE In law's complexity, confirmation of ills Janet Trautwein of the National Association of Health Underwriters tells us that we should solicit advice from a licensed professional agent to sort out all the confusion about the health-care law ("Advice to the confused: Get an adviser," Dec. 8). So now we must not only pay an accountant to do our annual taxes, since tax law is almost too complicated for an average citizen to keep up with, but we must pay an agent to advise us on how to obtain health insurance, which will, most assuredly, also cost more.
December 5, 2014 |
Rather than taking on the hard work of genuine tax reform, Congress plans to continue its sloppy approach to the issue by extending roughly 50 temporary tax breaks for another year. That sets up another crisis next year. It also means individuals and businesses can't keep accurate budgets because they don't know if their tax breaks will survive the next hostage-taking episode in Washington. The wind energy business, for example, is slumping because a key tax credit expired last year.
June 6, 2014 |
A CITY COUNCILMAN may be in hot water if he accepted charitable donations for a worthy cause but failed to alert the federal government of his philanthropic efforts. Councilman Kenyatta Johnson, whose 2nd District includes parts of Center City, Southwest and South Philadelphia, runs a group called Peace Not Guns, which aims to foster a partnership among youth, city agencies and community groups to stem gun violence. Even before he became a state representative, Johnson had a history of community service and advocacy, but a recent discovery about his self-proclaimed nonprofit organization has gotten him into some controversy.