Luxury Tax

Source: au.rd.yahoo.com --- 1 day ago
The Rudd government's Tax hike on Luxury cars is losing the support of key crossbench senators. ...

Source: www.abc.net.au --- 6 days ago
The idea's coming from Mercedes Benz boss Horst von Sanden - but he tells Jennifer Byrne it could make some of his cars more expensive ...

Source: news.theage.com.au --- 1 day ago
The Rudd government's Tax hike on Luxury cars is losing the support of key crossbench senators. ...

Source: www.moreover.com --- 14 days ago
Wards Auto World Aug 6 2008 2:23PM GMT ...

Source: seekingalpha.com --- 1 day ago
Stephanie Grimmett submits: Only in China would a car salesman refuse to sell you a big fancy foreign car. China is increasing the Tax on large Luxury cars, bringing the charge up 13%-33%, depending on engine capacity. Complete Story » ...

Source: blog.mlive.com --- 41 days ago
July 9, ESPN: The NBA salary cap for the 2008-09 season will be $58.68 million, ESPN.com has learned...The Luxury Tax threshold will be $71.15 million, and the value of the mid-level exception will be $5.585 million. Over-the-cap teams can only... ...

Source: www.rockymountainnews.com --- 34 days ago
It's very difficult. Still, there's a slim chance the cost-cutting Nuggets could get under the Luxury Tax next season. ...

Source: www.phillyburbs.com --- 13 days ago
Even if they sign restricted free agent Andre Iguodala to a long-term contract starting at $12 million, the Sixers would still be more than $5 million below the Tax threshold of $71.5 million. ...

Source: www.bizcommunity.com --- 43 days ago
The World Association of Newspapers and World Editors Forum have called for the repeal of a punitive 'Luxury' Tax on newspapers that are imported into Zimbabwe, which is preventing independent newspapers from reaching their audience. Read full story... | Send to a friend ...

Source: ballhype.com --- 41 days ago
The NBA's Luxury Tax -- a 100% Tax to the League for player salaries in excess of $67,865,000 -- has proven to be much more effective than the salary cap when it comes to controlling spending. With all of the complicated bonuses and everything else factored in, just eight of the League's thirty teams are now proven to have been over the Luxury Tax in 2007-2008. The Knicks are still the ... RealClearSports - Blog found this 6 hours ago on myespn.go.com [link] Find more top sports news, videos, and blogs on BallHype: NBA , Dallas Mavericks , Jason Kidd , New York Knicks , Cleveland Cavaliers , Denver Nuggets ...

Source: www.sactownroyalty.com --- 32 days ago
Scott Howard-Cooper (can I just call him Scoop for short?) wrote a well-researched article about how much it will cost the Lakers to take on Kenny Thomas with Ron Artest.  The jist of the article is that the Lakers would take an enormous Luxury Tax hit by including Kenny Thomas Thomas in the deal for Lamar Odom.  Scoop notes that substituting Qunicy Douby and Shelden Williams for K9 would save the Lakers $25 million over the next two seasons. ...

Source: www.editorsweblog.org --- 43 days ago
The World Association of Newspapers and World Editors Forum have called for the repeal of a punitive "Luxury" Tax on newspapers that are imported into Zimbabwe, which is preventing independent newspapers from reaching their audience. The Tax was imposed in early June in the run-up to the widely condemned presidential election won by Robert Mugabe after his opponent quit the race in the face of escalating violence against his supporters. It aims to reduce the influence of South African-based news sources, which have been extremely important to Zimbabweans. "Restricting access to information by punitive taxation constitutes a clear breach of the right to freedom of expression, which is guaranteed by numerous international conventions, including the Universal Declaration of Human Rights," the Paris-based WAN and WEF, which represent 18,000 newspapers world-wide, said in a letter to President Mugabe. The two organisations called on Mugabe to remove the Luxury Tax on foreign publications and to end state intimidation of the independent media. All domestic independent newspapers and broadcasters in Zimbabwe are banned. ...

Source: www.blazersedge.com --- 35 days ago
The Marcus Camby salary-dump giveaway is, of course, great news for the Blazers. Combined with the Nuggets also jettisoning Eduardo Najera and their first-round pick, they now appear to be the second team above the Blazers in the standings likely to fall this season, and with high-payroll teams like the Mavs and Suns fading or retooling – our playoff hopes are getting brighter by the day!   Just as significant, however, the Camby debacle shows just how onerous the Luxury Tax is. The Nuggets had to pay $13 million last season. They won’t this year. Down here in Miami, owner Micky Arison and President/GM Pat Riley swear, after forking over an $8-million Tax payment last month as an extra “bonus” for a 67-loss season, that they will never again put themselves in that position. The Knicks, of course, paid $45 million of Tax a year ago and $20 million this time for one of the consistently worst teams in the league, and are desperately, and I do mean desperately, clawing to get out of that rat hole. Money CAN buy you wins, but it carries the great risk that if the guys you decided are worth super big buck fail you, your expectations are shattered, getting out of the hole while still fielding a good team seems impossible, you descend into hopelessness, and you pay and pay and ….   In a recent post (“Chips?  What Chips?”) I suggested that the new era of Blazer fiscal sanity tends to dictate against the team growing its payroll down the li ...

Source: www.bulletsforever.com --- 42 days ago
NBA Salary Cap and Luxury Tax Threshold Figures Set The NBA announced on Tuesday that the salary cap for the 2008-09 season will be $58.68 million. ... The Luxury Tax threshold will be $71.15 million, and the value of the mid-level exception will be $5.585 million. ...

Source: www.boxxet.com --- 39 days ago
 - They have missed the playoffs for four consecutive seasons and averaged 28 victories in that span, costing Isiah Thomas his dual roles of coach and team ... Original story at ESPN . View our complete collection of news and blogs, plus related videos, photos and more at Boxxet for New York Knicks . ...

Source: www.blogabull.com --- 25 days ago
I've had mixed feelings on re-signing Gordon to a big deal, but the Monta Ellis deal and the fact that they are very comparable players in terms of value (even though I initially doubted this) has convinced me that Ben needs to get paid.  The question is, how much?  Well, if we go based on the Monta Ellis model, about 6 years $66 million (maybe a little less).  So how much do we need to pay him starting this year based on those figures?  For 6 years $66 million, we'd need to start him out at $8.7 million this year- increasing $.9135 million every year (or 10.5% of $8.7mil).  Luol Deng is reportedly seeking a deal worth $75 million over 6 years.  In order to pay Deng his money we'd need to start him out at $9.9 million this year - increasing about $1.04 mil per year to reach about $15.1 mil on the final year of his deal.  So for this year's Luxury Tax number the Bulls would be adding 8.7+9.9 = $18.6 million. Right now the Luxury Tax threshold is $ 71.15 million .  According to Sham  , the Bulls have about $49.12 million on the payroll for next year and that's before adding the $4.83 million for Derrick Rose's contract.  So all totalled the Bulls have about $53.95 on the payroll (assuming Shannon Brown isn't back this year, which he shouldn't be).  So that leaves the Bulls at about $17.2 million for the Bulls to work underneath for the Luxury Tax.  As I showed above, to pay the two best players on the Bulls what they're worth we ne ...

Source: www.blogabull.com --- 42 days ago
NBA Luxury Tax Figures Released: Bulls collect 4.2 Million $4,202,463.55 to be exact. The total collected in Luxury taxes from the 8 teams that exceeded the limit is $92,454,198. Too bad we can't spend this money for one season above the cap. That would be one wicked Luxury Tax addendum. ...

Source: www.hospitalitybizindia.com --- 19 hours ago
In the month in which India's Independence Day is celebrated and the nation claims to be united, there seems to be plenty of disparity in the rules formulated on Luxury Tax by the Government. With effect from August 1, 2008 the Government of Karnataka has levied Luxury Tax at the rate of 12 per cent on published tariff (rack rate). Also, there has been a steep increase in the rate of Luxury Tax from 12.35 per cent to 20 per cent on the revenue generated from banquet facilities for weddings, conferences etc. The South India Hotels & Restaurants Association (SIHRA) has submitted a memorandum to BS Yeddyurappa, Chief Minister, Government of Karnataka requesting to reconsider and restore the earlier Tax structure which was 12 per cent on actual room rate charged to the customer. ...