treasury

 

Excise Tax on Communications Ends

Service providers no longer are paying the 3 percent federal excise tax on longdistance, wireless, VoIP, prepaid and other communications traffic. The collection end date was Aug. 1, but some carriers, including Verizon Communications Inc., stopped earlier. The U.S. Treasury Department in May 2006 said it would concede the legal fight over the federal excise […]

Treasury Department Repeals Excise Tax on Long-Distance Calls

The U.S. Treasury Department said on Thursday it would concede the legal fight over the federal excise tax on long-distance telephone service, and require the IRS to issue refunds to consumers and businesses for proceeds paid over the past three years. The 3 percent tax originally was established in 1898 as a “luxury” tax on […]

WSJ: Treasury Department Might Cut Phone Excise Tax

The Wall Street Journal reported on Friday the U.S. Treasury Department is developing a plan to discontinue a 3 percent federal excise tax on long-distance and wireless telephone calls. The paper also said the government is considering refunding billions of dollars to consumers and businesses that have paid the tax. “Government officials are holding closely […]

Regulatory News – Strike Two Against Verizon Long Distance

Posted: 12/2000 Strike Two Against Verizon Long Distance By Kim Sunderland For the second time this year, Verizon Communications (www.verizon.com) has cut a deal with federal regulators to pay a hefty amount to the U.S. Treasury (www.ustreas.gov) in exchange for its termination of an investigation against the BOC. In each instance, the FCC (www.fcc.gov) was investigating […]

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