The International Franchise Association has hailed Wednesday’s 245-189 vote by the House of Representatives to repeal the Patient Protection and Affordable Care Act (PPACA) — the law widely known as “Obamacare.”
Last March, Congress passed the 2,000 page Patient Protection and Affordable Care Act (PPACA) with the stated goal of ensuring that more Americans are covered by health insurance, and by making the cost of insurance more affordable. Some groups are already claiming that the law has been beneficial. A Business Week commentator disagrees.
Last week, the Iowa Supreme Court issued a ruling that will require out-of-state franchisors to pay tax on income earned through royalties earned from Iowa-based franchisees. The decision has implications for any business that derives income from intangible assets (through licensing or otherwise) located in another state.
On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (“Tax Relief Act”) into law. The Tax Relief Act was designed to extend Bush-era tax cuts while providing other incentives to revive the economy. Article provides a summary of key provisions of the Tax Relief Act.