Consumer Protection

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News & Analysis as of May 19, 2013

Understanding how Value Added Tax (VAT) is applied in the Democratic Republic of Congo

by JOSEPH YAV KATSHUNG on 1/1/2012

Almost unknown in 1960, the value added tax (VAT) is now found in more than 130 countries, raises around 20 percent of the world’s tax revenue , and has been the centerpiece of tax reform in many developing countries...more

Legal and Regulatory Myths Debunked for Credit Counseling Agencies

by Venable LLP on 11/15/2011

Introduction -- Federal and state laws governing consumer credit counseling agencies continue to evolve and create potential pitfalls and new compliance requirements. -- In response, the industry has responded with...more

Debt Forgiveness May Increase Your Tax Bill

by Doron Eghbali on 10/20/2010

Everybody with forgiven debt should feel exhilarated. Nonetheless, such exhilaration might be premature as the individual might have to pay taxes on the forgiven debt, unless an exemption applies. Let us review some of these...more