He also expanded the Earned Income Tax Credit, a subsidy for low-income workers.

* Corporate Income Tax

The Income Tax Law of 1928 introducing income tax was the first law drafted entirely in English.

* 1942 – The Australian Federal Government becomes the sole collector of income tax in Australia as the State Income Tax is abolished.

* Agreement on the Avoidance of Double Taxation and the Prevention of Income and Capital Tax evasion ( signed 23. 05. 2006 )

* Is less effective than other methods ( e. g. the Earned Income Tax Credit ) at reducing poverty, and is more damaging to businesses than those other methods.

It is handled by the Indian Income Tax Department.

It is investigated by the Indian Income Tax Department.

The Monopoly game board consists of forty spaces containing twenty-eight properties ( twenty-two colored streets, four railway stations and two utilities ), three Chance spaces, three Community Chest spaces, a Luxury Tax space, an Income Tax space, and the four corner squares: GO, ( In ) Jail / Just Visiting, Free Parking, and Go to Jail.

There have been some changes to the board since the original: the colors of Mediterranean and Baltic Avenues ( which changed from purple to brown ), the colors of the GO square ( which changed from red to black ), the adoption of a flat $ 200 Income Tax ( formerly the player's choice of $ 200 or 10 % of their total holdings, which they must calculate before making their decision ), and increased $ 100 Luxury Tax amount ( upped from $ 75 ).

The proceeds of the Income Tax for the present year are expected to be between 5, 000, 000l.

I do not hesitate to affirm that an effort should now be made to attain this advantage, nor to declare that, according to my judgment, it is in present circumstances practicable ... we ought not to aid the rates, and remove the Income Tax, without giving to the general consumer, and giving him simultaneously, some marked relief in the class of articles of popular consumption ... I for one could not belong to a Government which did not on every occasion seek to enlarge its resources by a wise economy.

* May 11 – Income Tax Act establishes the first peacetime income tax in the United Kingdom ; 7 pence in the pound, for incomes over 150 pounds.

* 1975: Revenue Adjustment Act ( Earned Income Tax Credit ) PL 94-12, 164

To raise revenue Peel's 1842 budget saw the re-introduction of Income Tax, removed previously at the end of the Napoleonic War.

Most traders are also not liable for Income Tax unless they rely solely on their profits from financial spread betting to support themselves.

* Income Tax exemption on income derived from the business of development of the SEZ in a block of 10 years in 15 years under Section 80-IAB of the Income Tax Act.

* Exemption from minimum alternate tax under Section 115 JB of the Income Tax Act.

* Exemption from dividend distribution tax under Section 115O of the Income Tax Act.

He was able to reduce the basic rate of Income Tax from 25 to 23 %, reduce government's share of GDP, and to reduce the budget deficit from £ 50. 8 billion in 1993 to £ 15. 5 billion in 1997.

* Income Tax ( Earnings and Pensions ) Act 2003

; Earnings Per Share ( Net Income Formula )

Despite having been abolished for over twenty years, the initials ' DHSS ' are still used by the general public to describe the Department for Work and Pensions or some of the benefits it provides ( such as Income Support ).

With cross party support from leading backbench pensions experts Sir John Butterfill, Frank Field and LibDem Pensions spokesman Steve Webb he introduced the Retirement Income Reform Bill.

Business law consists of many different areas typically taught in law school curricula, including: Contracts, the law of Corporations and other Business Organizations, Securities Law, Intellectual Property, Antitrust, Secured Transactions, Commercial Paper, Income Tax, Pensions & Benefits, Trusts & Estates, Immigration Law, Labor Law, Employment Law and Bankruptcy.

In the United States, under the Employee Retirement Income Security Act of 1974, any reduction factor less than or equal to the actuarial early retirement reduction factor is acceptable.

* 1974: Employee Retirement Income Security Act of 1974 ( ERISA ) Pub. L.

The IRA had been created as part of the Employee Retirement Income Security Act of 1974, where employees not covered by a pension plan could contribute the lesser of $ 1500 or 15 % of earned income.

Congress has since passed more extensive protections for workers and employee benefit plans as part of the Employee Retirement Income Security Act (" ERISA ").

The Employee Retirement Income Security Act ( ERISA ) can be held to preempt negligence claims as well.

The US Congress then adopted in November 2000 the Extraterritorial Income Exclusion Act ( ETI ; Public Law 106-519 ; 114 Stat.

Pollock v. Farmers ' Loan & Trust Company,, aff'd on reh ' g,, with a ruling of 5 – 4, was a landmark case in which the Supreme Court of the United States ruled that the unapportioned income taxes on interest, dividends and rents imposed by the Income Tax Act of 1894 were, in effect, direct taxes, and were unconstitutional because they violated the provision that direct taxes be apportioned.

The Brushaber Court noted that the 1913 Income Tax Act was written as an indirect tax and did not violate the rule of uniformity, so it was not written as a direct tax and was not subject to the rule of apportionment.

Long's contributions to the United States ' tax laws include the Earned Income Tax Credit, a program aimed at reducing the tax burden on poor working families, the Child Support Enforcement Act, and Employee Stock Ownership Plans ( ESOPs ), employee benefit plans designed to allow employees to invest in the stock of their employers.

* 1894-Wilson-Gorman Tariff Act, including Income Tax

* Section 247 of the Income Tax Act ( Canada )

* TPM 09-Reasonable efforts under section 247 of the Income Tax Act ( 2006 )

With the passage of the Employee Retirement Income Security Act ( ERISA ) in 1974, corporate pension funds were prohibited from holding certain risky investments including many investments in privately held companies.

* Income Tax Act

* Income Tax Conventions Implementation Act

As a freshman Senator, Bentsen guided to passage the Employee Retirement Income Security Act ( ERISA ), a long-stalled pension reform bill providing federal protections for the pensions of American workers.

* September 20-The Income War Tax Act receives royal assent, establishing a " temporary " tax, which remains in force to this day.

Income tax was introduced in various forms in 1797, 1799, 1803 to 1816, and then reintroduced as an annual tax in 1842 which is formally renewed in each year's Finance Act.

It amended the Employee Retirement Income Security Act, the Public Health Service Act, and the Internal Revenue Code.