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The article examines the tax aspects in setting up a pension or welfare fund for U.S. employees. To qualify for tax exemption, pension plans should cover at least 70 percent of employees, should not discriminate high salaried employees and employers be made powerless to recapture pension funds for his own use. For welfare funds, there is no single section in the tax code that qualifies the tax status of a particular welfare fund because exemptions of employer contributions, fund income and benefit payments are governed by unrelated clauses.

The article focuses on tax treatment of pension trusts and tax-exempt organizations in trust form under the U.S. Tax Cuts and Jobs Act. Topics discussed include tax treatment of tax-exempt trusts with unrelated business income; decline in corporate tax rate for passthrough deduction; and changes in net operating loss rules.

The article discusses the changes of the provisions of the Internal Revenue Service's (IRS) Revised Proclamation 2010-52 in the U.S. The revenue procedure explains the processes on how to request and obtain approval of an extension of an amortization in a multiemployer pension plan, in accordance with the 431(d) of the Internal Revenue Code of 1986 (Code). An overview of the requirements as well as the qualified applicants of the said pension plan is provided.

The article offers news briefs related to the U.S. The bill on minimum wage would come to a vote in the U.S. Congress which calls for a raise to 75 cents per hour. U.S. Department of Treasury is the referring to the U.S. Department of Justice the issue of treating pension funds in coal industry as a business expense for tax purposes. Congressmen from western U.S. of both the parties are influencing the policies of U.S. President Harry S. Truman for making the region industrially self-sufficient.

The article discusses the rules relating to the conversion of traditional individual retirement accounts (IRA) to Roth IRA, a certain type of retirement plan under U.S. law that is generally not taxed, provided certain conditions are met. It offers advice on when to prepay taxes on retirement accounts for a permanent tax shield on the portfolio. Considering the tax bracket at retirement is recommended.

The article focuses on U.S. taxation on foreign pension plans. Topics include the exemption for unfunded deferred compensation arrangements prior to distribution, taxation on contributions to a nonexempt employees' trust, and the substantial risk of forfeiture. Information is provided on annuity starting dates and taxation on pension fund interest.

This article provides an overview of the tax system in the Czech Republic in 2011. It provides the country's tax rates, including corporate profit, capital gains, branch and withholding taxes, as well as dividends, interest and royalties. It notes the imposition of a corporate tax on investment funds, mutual funds and pension funds and a withholding tax on interest payments. In addition, the article describes a range of taxation services offer by Ernst & Young and PricewaterhouseCoopers in the country.

Employees should consider limiting their traditional 401(k) savings, as the plans provide taxable distributions that can boost their tax bill in retirement [ABSTRACT FROM AUTHOR]

Explains why scaling back of pension contributions to avoid tax penalties at retirement is wrong. Tax code provision that gets doctors steamed; Presentation of the John Smith case; Steps taken to whittle down assets; Reasons for ignoring excise taxes; Effect of the pursuance of the aggressive distribution strategy. INSET: The bottom line: Why you should ignore the excise tax..

Discusses the taxation implications of charitable giving in the United States. Increasing incidence of charitable trusts; Applicable laws on trusts. INSET: Using other charitable arrangements..

Focuses on the penalty taxes imposed by the Australian Taxation Office (ATO) on several self-managed pension funds that ignore superannuation laws in Australia. Likely increase in non-compliance among self-managed funds with the introduction of fund choice for members; List of regulations from ATO that will enforce superannuation law among do-it-yourself funds; Details of the circumstances in which the funds were classified as non-compliant and the basic laws of superannuation that they broke.

Provides tips for physicians on selecting pension plans. Discussion on the contributions set on individual retirement accounts (IRA); Contents of the safe-harbor provision in IRAs; Assessment of tax contribution in retirement plans; Analysis of personal finances and evaluation of cash balance.

Presents information on how self-managed superannuation funds can buy real estate and avoid the ban that the Australian government has proposed on super funds holding more than five percent of their assets in trusts that are associated or involved with members. Details on the ban; How two separate self-managed funds can jointly buy a single property; Other strategies. INSET: Funds With Most Shares.

Discusses the Supreme Court's decision regarding contribution of unencumbered property by an employer to a defined benefit pension plan in satisfaction of his minimum funding obligation. `Keystone Consolidated Industries, Inc.' case; Prohibition of sale or exchange under the Internal Revenue Code Section 4975(c)(1)(A); Implications for similar excise taxes imposed on self-dealing transactions by private foundations.

Cites information on taxation relative to employee benefits and pensions, in the United States. Details on Revenue Rule 98-30; How the tax rules applies to employee benefits ans pensions; Information on Letter Ruling 9826036; Taxability of employee stock ownership plans.

The article focuses on the same tax benefits of retirement funds floated by fund houses with other pension funds under India's 2014 budget following the recommendation of a working committee at the Securities and Exchange Board of India (SEBI) for the pension market.

The article discusses Chilean pensions, a growing market for international fund managers, with private pension providers (AFPs) allowed by Chilean regulator to invest up to 80 percent of funds overseas, and new risks it faces. It discusses allocation of about 52 percent of international equity investments to emerging markets, tendency of most Chilean managers to invest through a pooled fund, and potential losses for pension system and clients with Chilean government planning to raise taxes.

The article discusses the dilemma of California cities, as the taxes intended for pension fund of city employees are being diverted into redevelopment agency funds. It notes that this poses a threat of layoffs and decrease of revenue to affected cities causing some of them to take legal actions and seek legislature votes. Prior to dissolution of such redevelopment, the pension fund failed to be reverted to its original source and was then distributed to property tax trust fund.

This section offers news briefs related to derivatives market as of July 8, 2013. It discusses the resignation of Tom Joyce as chief executive officer (CEO) at Knight Capital after negotiating the company's acquisition by Getco. It examines the regulatory approval for Melanion Capital to become the first fund manager to focus on dividend futures in France. It explores the relief from the financial transaction tax that is promised by the European Parliament to pension funds.

The article reports on California Republican Representative Devin Nunes who may reintroduce in 2013 the Public Employee Pension Transparency Act (PEPTA) that will prohibit U.S. states and local governments from issuing tax-exempt, tax-credit and direct-pay bonds unless they subject their pension plans to government oversight and regulation. A brief description of the bill is given. It also notes the proposed changes for analyzing public sector pension data by Moody's Investors Service in 2012.

The article discusses a trend among governments to alter laws on private pension trusts to meet public finance needs. Hungary has essentially nationalized its private pension system, and is cited as an extreme example. Other countries are reducing or eliminating tax breaks given to private pension funds.

The article focuses on legislative bills being offered by some Republican members of the U.S. House that loosen the tax treatment of retirement accounts.

The article discusses criticism leveled against Gordon Brown, the leading candidate for Great Britain's prime ministry. Brown has been criticized for a 1997 decision he made to deprive pension funds of tax relief on their income. He is also under fire for poor work habits and a poorly received budget. The only candidate seriously challenging Brown is Charles Clarke.

This article discusses the two new tax breaks for seniors announced by Prime Minister James Flaherty. The age tax credit will be increased by $1,000 to $5,066 effective in 2006. Beginning 2007, pensioners will be able to split income from corporate pensions plans, just as they are already permitted to do with payments from the Canada Pension Plan. The prime minister announced the tax breaks to blunt the impact of changes to the taxation of income trusts on retirees.

Deals with the movement of the Financial Times Stock Exchange (FTSE) 100 Index in Great Britain. Significance of the 2001 election in Britain to the performance of stocks; Effects of changes to the taxation of pension funds in the country on the FTSE.

Reports the Australian government's decision to scrap the capital gains tax for Australian and some foreign pension funds. Statement from Andrew Green, executive director of Australian Venture Capital Association Ltd.; Benefits from the decision; Views of David Kemp, education minister on the change.

The article discusses the after-tax returns for superannuation investors. It states that fund managers need to focus the on the after-tax returns, as much as they do with the pre-tax returns, of their superannuation members. It mentions that a superannuation fund will be income tax-free if the proportion of Australian equities in its portfolio comprise 32 percent.

Discusses various economic aspects concerning tax shelters in the United States. Description and features of tax shelters; Taxation of employee pension and profit-sharing plans; Types of profit-sharing plans; Variations of pension plans.

Discusses the implications of the imposition of 20 percent withholding on money withdrawn from pension plans in the United States. Majority of payouts to rollovers; Avoidance of the withholding on a qualified plan payout; Retirees who move to other states as targets of state tax collectors; Source-state taxation; Distribution options.

Discusses developments related to taxation of pension plans since 1992. Plan of the Reagan administration in 1992 to start taxing pension plans in 1996; Article in an October 1994 issue of `Business Week,' written by Paul Craig Roberts on President Bill Clinton's appointment of Alicia H. Munnell, a pension taxation advocate, as Assistant Secretary for Economic Policy.

Presents tips on making investments and pension plan taxes in the United States. Mutual funds; Fund diversification; Student loan marketing.