Showing 2 ideas for tag "double tax"
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Department of the Treasury

Treat foreign taxes on oil as royalties

Oil companies historically worked with Middle East countries to pursuade potentates to change royalties on oil extracted by US companies into taxes. The result was of no consequence to foreign treasuries - they still got the same money - but the impact to the US Treasury was an enormous loss. The cost was not defined any longer as a cost of doing business, an overhead, but by being treated as a "tax" the amounts could... more »

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Department of Defense

Restructure Civilian PCS Travel Payments

Currently the PCS Travel function for Civilians is extremely overtaxed. Most of the travel is paid for by the civilian itself (already taxed money) and reimbursed at a later date. This reimbursement has taxes withheld just like a regular paycheck. Then every year come March & April the DoD-DFAS Civilian PCS Travel Department must spend thousands of man hours processing a particular claim called the "RITA claim."... more »

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