Articles tagged with tax
Mon, May 21, 2012
Brazil makes new tax cuts to revive economy
By Luciana Otoni and Tiago Pariz
BRASILIA (Reuters) - Brazil's government on Monday unveiled a new round of temporary tax cuts worth about $1 ...
Fri, May 18, 2012
Vale confident will win Brazil double tax case-CEO
RIO DE JANEIRO (Reuters) - Brazilian iron ore miner Vale
Thu, May 17, 2012
BNY Mellon, IRS spar over $900 million tax benefit
By Kim Dixon
WASHINGTON (Reuters) - Bank of New York Mellon Corp
Thu, May 17, 2012
Facebook's Saverin fires back at tax-dodge critics
By Kevin Drawbaugh
WASHINGTON (Reuters) - Facebook co-founder Eduardo Saverin, under fire over the tax consequences of renouncing his U.S. citizenship, said on Thursday ...
Thu, May 17, 2012
Top Republican boosts pressure for U.S. tax rewrite
By Kim Dixon
WASHINGTON (Reuters) - A top Republican lawmaker on Thursday stepped up pressure to force action next year on a rewrite of the ...
Tue, May 15, 2012
Nassau County seeks $41 million for tax refunds
By Joan Gralla
(Reuters) - Under the threat of having $80 million of its bank accounts frozen by the courts, New York's Nassau County ...
Tue, May 15, 2012
HP loses $190 million tax case against IRS
By Lynnley Browning
(Reuters) - Hewlett-Packard Co. on Monday lost a battle with the U.S. Internal Revenue Service for more than $190 million in ...
Mon, May 14, 2012
In Republicans' push for tax overhaul, popular deductions on the block
By Donna Smith
WASHINGTON (Reuters) - It has been nearly 20 years since President George H.W. Bush lost his bid for re-election after making ...
Sun, May 13, 2012
Brown pushes tax hike as California's money woes deepen
By Jim Christie
SAN FRANCISCO (Reuters) - California Governor Jerry Brown was elected in 2010 on a promise to fix the state's chronic fiscal ...
Thu, May 10, 2012
New bill takes aims at oil tax breaks
By Roberta Rampton
WASHINGTON (Reuters) - Hoping to build on voter anger about high gasoline prices, two U.S. lawmakers launched a new attack on ...
Wed, May 09, 2012
Vale wins injunction barring Brazil tax debt payment
By Guillermo Parra-Bernal and Eduardo Simões
SAO PAULO (Reuters) - Brazil's highest court suspended on Wednesday the payment of about 24 billion reais ($12 ...
Wed, May 09, 2012
Will Smith backs Barack Obama's tax proposal
From WENN.com
Obama has called for those who make more than $1 million (£625,000) a year to pay at least 30 per ...
Tue, May 08, 2012
Empire State Building IPO change may help pay tax
By Ilaina Jonas
NEW YORK (Reuters) - The controller of the Empire State Building has offered investors the opportunity to sell some of their shares ...
Tue, May 08, 2012
Will Smith backs Barack Obama's tax proposal
From WENN.com
Obama has called for those who make more than $1 million (£625,000) a year to pay at least 30 per ...
Tue, May 08, 2012
Brazil's secret fiscal weapon: the tax "lion"
By Alonso Soto
BRASILIA (Reuters) - In Brazil, groups of armed agents fly around the country by helicopter, pounding on doors and instilling fear in ...
Mon, May 07, 2012
California seller of suicide kits sentenced for tax offense
By Marty Graham
SAN DIEGO (Reuters) - A 93-year-old woman who made headlines by selling suicide kits from her California home was placed on five ...
Sun, May 06, 2012
Swiss bank Pictet gave data to U.S. in tax probe
ZURICH (Reuters) - Swiss bank Pictet said on Sunday it handed over bank account details to U.S. authorities probing cases of tax evasion, as ...
Sun, May 06, 2012
India to deliberate tax measures as investors fret
By Tony Munroe
MUMBAI (Reuters) - Whatever its intentions in cracking down on abuse of tax havens, India has alienated overseas investors with the timing ...
Thu, May 03, 2012
Brazil government wins appeal in tax dispute with Vale
BRASILIA (Reuters) - Brazil's highest court overturned an injunction that had suspended collection of disputed tax claims from Vale SA
Thu, May 03, 2012
Alabama Senate passes tax for bankrupt county
By Verna Gates
(Reuters) - The Alabama State Senate on Thursday approved a bill allowing cash-strapped Jefferson County to revive a local jobs tax that ...
Wed, May 02, 2012
Paul Hogan resolves lengthy Australian tax issues
From WENN.com
The actor's finances have been under investigation by tax officials Down Under for several years over allegations he owed $156 ...
Wed, May 02, 2012
NYC gets $211 million more income tax rev through April
By Joan Gralla
(Reuters) - New York City collected $6.79 billion from personal income tax in the first 10 months of its fiscal year ...
Wed, May 02, 2012
Japan could face "day of reckoning" if tax plans fail: Moody's
By Rie Ishiguro
MANILA (Reuters) - Japan could face "the day of reckoning" sooner than expected if the government fails to raise the sales tax ...
Tue, May 01, 2012
Paul Hogan resolves lengthy Australian tax issues
From WENN.com
The actor's finances have been under investigation by tax officials Down Under for several years over allegations he owed $156 ...
Tue, May 01, 2012
Tax & accounting sales drive Thomson Reuters profit
By Jennifer Saba
(Reuters) - Thomson Reuters Corp's quarterly results beat analysts' expectations as the company racked up strong software sales to tax professionals ...
Mon, April 30, 2012
New York state tax revenue lags but four-year gap drops: report
(Reuters) - New York state tax revenues sharply underperformed expectations in the fiscal year ended March 31, but the estimated four-year cumulative deficit for 2012-16 ...
Thu, April 26, 2012
U.S. lawmakers defend slew of corporate tax breaks
By Kim Dixon
WASHINGTON (Reuters) - If a congressional hearing on Thursday is any indication, U.S. lawmakers will have a hard time breaking the ...
Wed, April 25, 2012
Supreme Court restrains IRS in tax shelter case
By Patrick Temple-West
WASHINGTON (Reuters) - The Supreme Court ruled on Wednesday that the Internal Revenue Service took too much time to try to collect ...
Wed, April 25, 2012
German cabinet approves Swiss tax deal
BERLIN (Reuters) - German Chancellor Angela Merkel's cabinet passed a revised deal to tax secret deposits in Swiss bank accounts on Wednesday, betting that ...
Wed, April 25, 2012
Powerful but obscure Tax Court lags on access
By Kim Dixon
WASHINGTON (Reuters) - Unless you are a tax lawyer, the granite building with bronze-tinted windows that looms over Washington's I-395 freeway ...
Tue, April 24, 2012
White House: Closing tax loophole could fund student loans
ABOARD AIR FORCE ONE (Reuters) - The White House said on Tuesday that it was reviewing whether a small business tax loophole should be closed ...
Thu, April 19, 2012
Peace activist Cindy Sheehan vows to continue tax boycott
By Suzanne Hurt
SACRAMENTO, California (Reuters) - California peace activist Cindy Sheehan has agreed to meet with Internal Revenue Service agents seeking to collect back ...
Thu, April 19, 2012
House passes Republican business tax cut
By Kim Dixon
WASHINGTON (Reuters) - The Republican-controlled House of Representatives on Thursday passed a tax break for small businesses, giving voters a stark alternative ...
Wed, April 18, 2012
Happy Tax Day! Here's What You Owe Us, Celebrities
Happy Tax Day! (That's an oxymoron if there ever was one, eh?)
Since we already know plenty of celebrities are facing tax troubles ...
Wed, April 18, 2012
Take That, IRS: Movies as a Tax Day Pick-Me-Up
Some people labor under the delusion that Halloween is the scariest day of the year, and perhaps for those under appropriate employment age, this ...
Wed, April 18, 2012
U.S. faces big tax, budget test at year end: Geithner
WASHINGTON (Reuters) - The government will face a major test on whether it has the capacity to govern when it faces big tax and budget ...
Wed, April 18, 2012
U.S. faces big tax, budget test at year end: Geithner
WASHINGTON (Reuters) - The government will face a major test on whether it has the capacity to govern when it faces big tax and budget ...
Tue, April 17, 2012
Happy Tax Day! Here's What You Owe Us, Celebrities
Happy Tax Day! (That's an oxymoron if there ever was one, eh?)
Since we already know plenty of celebrities are facing tax troubles ...
Tue, April 17, 2012
Anderson in tax trouble
The Baywatch star owes California officials $524,241 (£327,651) in personal income taxes, according to a new list of debts released by The ...
Tue, April 17, 2012
White House says Obama would veto Republican tax cut
WASHINGTON (Reuters) - The White House said on Tuesday that President Barack Obama would veto a small business tax cut proposal by Republicans in the ...
Mon, April 16, 2012
Anderson in tax trouble
The Baywatch star owes California officials $524,241 (£327,651) in personal income taxes, according to a new list of debts released by The ...
Mon, April 16, 2012
Blanchett condemns U.K. tax relief cap proposal
The Australian actress has urged officials to reconsider a proposal to remove tax breaks for charitable giving, and warns it could mean a ""potential ...
Mon, April 16, 2012
Romney's remarks on limiting tax deductions draw fire
By Sam Youngman and Donna Smith
WASHINGTON (Reuters) - Was it case of a politician being candid behind closed doors? Or was he merely leading ...
Mon, April 16, 2012
Buffett rule fails Senate vote in tax fight
By Kim Dixon
WASHINGTON (Reuters) - Senate Republicans on Monday blocked President Barack Obama's "Buffett Rule" legislation, which would have put a 30-percent minimum ...
Mon, April 16, 2012
Tax agency accuses economist of 22-year scam
NEW YORK (Reuters) - Federal prosecutors on Monday accused a man of avoiding $500,000 in taxes for 22 years through a variety of measures ...
Mon, April 16, 2012
Q+A: The "Buffett Rule," a minimum tax on the rich
By Kim Dixon and Patrick Temple-West
WASHINGTON (Reuters) - President Barack Obama and congressional Democrats are laying a political trap for Republicans to be sprung ...
Sun, April 15, 2012
Six percent of UK's wealthiest pay less than 10 pct tax: data
LONDON (Reuters) - Some six percent of Britain's wealthiest people used tax reliefs to reduce their tax bills to less than 10 percent, according ...
Sat, April 14, 2012
Swiss banks to hand over staff names in U.S. tax dispute: report
ZURICH (Reuters) - Switzerland will allow banks to hand over the names of any employees and other third parties who helped wealthy Americans evade taxes ...
Fri, April 13, 2012
Obama calls on Romney to release tax returns: Univision
WASHINGTON (Reuters) - President Barack Obama called on likely Republican presidential nominee Mitt Romney to release more of his tax returns, in an interview with ...
Fri, April 13, 2012
Swiss can't offer more to Germany, U.S. in tax row: finance minister
ZURICH (Reuters) - Switzerland cannot make further concessions to Germany and the United States in a dispute over untaxed funds in secret bank accounts, Swiss ...
Thu, April 12, 2012
Tax collection up in all 50 states in 2011: Census
(Reuters) - Tax collection rose in all 50 states in fiscal 2011, and in nine states increased more than 10 percent, according to U.S ...
Tue, April 10, 2012
UBS fends off lawsuit of billionaire tax evader
By Lynnley Browning
(Reuters) - A U.S. federal judge ruled on Tuesday in favor of Swiss bank UBS AG in a lawsuit brought by ...
Tue, April 10, 2012
Obama campaign slams Romney for not paying "fair share" of taxes
By Steve Holland
BOCA RATON, Florida (Reuters) - President Barack Obama's campaign blasted Mitt Romney on Tuesday for not paying his "fair share" of ...
Tue, April 10, 2012
Sony CEO to lay out revival strategy as losses pile up
By Tim Kelly
TOKYO (Reuters) - Kazuo Hirai's brief honeymoon as Sony Corp's new chief has ended abruptly as the struggling electronics giant ...
Thu, April 05, 2012
Cage moves forward in tax repayments
In 2009, the Con Air star was reported to have racked up a debt of around $14 million (£8.8 million) to America's ...
Thu, April 05, 2012
Congress inaction risks 2013 tax "disaster": IRS chief
WASHINGTON (Reuters) - The commissioner of the U.S. tax-collecting Internal Revenue Service warned on Thursday of "a real disaster" for taxpayers next year should ...
Wed, April 04, 2012
Cage moves forward in tax repayments
In 2009, the Con Air star was reported to have racked up a debt of around $14 million (£8.8 million) to America's ...
Tue, April 03, 2012
Brazil tax cuts, credits throw lifeline to industry
By Alonso Soto and Luciana Otoni
BRASILIA (Reuters) - Brazil's government unveiled a new package of tax cuts, low-cost credits and other relief for ...
Tue, April 03, 2012
Obama assails Republican budget plan, aims at Romney
By Alister Bull
WASHINGTON (Reuters) - President Barack Obama accused Republicans on Tuesday of favoring the rich with a "radical" budget plan that focuses on ...
Mon, April 02, 2012
Obama to target Republicans over tax fairness
By Alister Bull
WASHINGTON (Reuters) - President Barack Obama, seizing on Republican plans to slash spending that the White House sees as a potent vote ...
Fri, March 30, 2012
Japan government submits tax hike plan, heads into political showdown
By Rie Ishiguro and Stanley White
TOKYO (Reuters) - Japan's government on Friday submitted laws to double its sales tax by 2015 to fund ...
Thu, March 29, 2012
U.S. court presses Dow Co in tax credit case
By Grant McCool
NEW YORK (Reuters) - An appeals court heard arguments from Union Carbide and the U.S. government on Thursday as the company ...
Thu, March 29, 2012
Democrats seek disclosure of tax haven ties
WASHINGTON (Reuters) - Lawmakers and candidates would have to spell out any financial ties they might have to countries considered to be tax havens under ...
Thu, March 29, 2012
Senate rejects Obama call to end Big Oil tax breaks
By Patricia Zengerle and Roberta Rampton
WASHINGTON (Reuters) - Republicans in the Senate blocked legislation on Thursday to strip billions of dollars in tax breaks ...
Tue, March 27, 2012
Cowell backs controversial U.K. tax break
George Osbourne, the U.K.'s Chancellor of the Exchequer, announced in the annual budget this week (begs19Mar12) that he will be cutting the ...
Tue, March 27, 2012
Cowell backs controversial U.K. tax break
George Osbourne, the U.K.'s Chancellor of the Exchequer, announced in the annual budget this week (begs19Mar12) that he will be cutting the ...
Tue, March 27, 2012
Analysis: Dow court case pushes limit of R&D tax credit
By Patrick Temple-West and Ernest Scheyder
WASHINGTON/NEW YORK (Reuters) - Dow Chemical Co is challenging the U.S. Internal Revenue Service in a rare ...
Mon, March 26, 2012
Cowell backs controversial U.K. tax break
George Osbourne, the U.K.'s Chancellor of the Exchequer, announced in the annual budget this week (begs19Mar12) that he will be cutting the ...
Mon, March 26, 2012
Bill ending oil company tax cuts clears Senate hurdle
By Ayesha Rascoe and Richard Cowan
WASHINGTON (Reuters) - Legislation repealing tax breaks for major oil companies passed its first hurdle in the Senate on ...
Mon, March 26, 2012
IRS waives fines for farmers missing MF Global tax info
By Tom Polansek
CHICAGO (Reuters) - Tax officials will not penalize farmers who could not properly file their taxes because they had accounts at bankrupt ...
Mon, March 26, 2012
Pacquiao vows to "fight to the finish" in tax case
MANILA (Reuters) - Manny Pacquiao, widely regarded as the world's best pound-for-pound boxer, said on Monday he would fight charges filed against him by ...
Wed, March 21, 2012
Stubborn drought expected to tax Mexico for years
By Mica Rosenberg and Noe Torres
CHIHUAHUA, Mexico (Reuters) - A severe drought in Mexico that has cost farmers more than a billion dollars in ...
Wed, March 21, 2012
Buffett millionaires tax to raise $47 billion: report
WASHINGTON (Reuters) - A proposed 30 percent minimum tax on millionaires backed by President Barack Obama - dubbed the Buffett tax after investor Warren Buffett who ...
Wed, March 21, 2012
Britain cuts income tax, austerity drive undimmed
By Sven Egenter and Matt Falloon
LONDON (Reuters) - British finance minister George Osborne cut the top rate of income tax while imposing new levies ...
Tue, March 20, 2012
IRS forms "SWAT team" for tax dodger crackdown
By Patrick Temple-West
WASHINGTON (Reuters) - The Internal Revenue Service is staffing up with high-powered talent to crack down on companies shifting profits from country ...
Tue, March 20, 2012
IRS forms "SWAT team" for tax dodge crackdown
By Patrick Temple-West
WASHINGTON (Reuters) - The Internal Revenue Service is staffing up with high-powered talent to crack down on companies shifting profits from country ...
Mon, March 19, 2012
Baer chairman steps aside, to deal with U.S. probe
By Martin de Sa'Pinto and Emma Thomasson
ZURICH (Reuters) - The chairman of Swiss private bank Julius Baer will head a special committee dealing ...
Sun, March 18, 2012
Republican budget draws election contrast with Obama
By David Lawder
WASHINGTON (Reuters) - House Republicans placed a major election-year bet on Tuesday on a deficit-slashing budget proposal the party hopes will win ...
Sat, March 17, 2012
Did St Patrick collect tax, trade slaves? paper asks
By Mike Collett-White
LONDON (Reuters) - St. Patrick, patron saint of Ireland, may well have been a tax collector for the Romans who fled to ...
Wed, March 14, 2012
"Tax" dodge boomerangs on Obama in healthcare case
By Donna Smith
WASHINGTON (Reuters) - To be or not to be a tax?
That is the question in this month's U.S. Supreme ...
Tue, March 13, 2012
Most Americans back "Buffett tax": Reuters/Ipsos
By Kevin Drawbaugh
(Reuters) - Nearly two-thirds of Americans support imposing a minimum tax rate of 30 percent on those who earn $1 million or ...
Tue, March 13, 2012
CBO cuts cost estimate for Obama healthcare law
By David Lawder
WASHINGTON (Reuters) - The estimated net costs of expanding healthcare coverage under President Barack Obama's landmark restructuring have been reduced by ...
Tue, March 13, 2012
Senate defeats tax break for natural gas trucks
By Roberta Rampton
WASHINGTON (Reuters) - A bipartisan proposal to provide tax incentives for natural gas vehicles was defeated in a Senate vote on Tuesday ...
Sun, March 11, 2012
Aviation calls on EU leaders to fix carbon tax: FT
LONDON (Reuters) - Seven leading European aviation companies have written to European political leaders warning about the implications of a recently introduced EU carbon tax ...
Sun, March 11, 2012
Pacquiao caught up in tax case
The fighter faces two years behind bars if he's found guilty.
Pacquiao has reportedly failed to submit the documents following warnings and a ...
Sat, March 10, 2012
Pacquiao caught up in tax case
The fighter faces two years behind bars if he's found guilty.
Pacquiao has reportedly failed to submit the documents following warnings and a ...
Sat, March 10, 2012
Brazil to extend IOF tax to longer maturities, paper says
* IOF to be extended to loans maturing in up to 5 years-Folha
* Would be second IOF change in less than two weeks
SAO PAULO ...
Fri, March 09, 2012
Pacquiao caught up in tax case
The fighter faces two years behind bars if he's found guilty.
Pacquiao has reportedly failed to submit the documents following warnings and a ...
Fri, March 09, 2012
Anadarko, Algeria set $4.4 billion deal on oil tax
(Reuters) - Anadarko Petroleum Corp
Thu, March 08, 2012
Government can afford to extend middle-class tax cuts: Geithner
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Thursday that the government could afford to extend tax breaks for middle-class Americans beyond the end ...
Thu, March 08, 2012
Analysis: Tax break goes far beyond the factory floor
By Kim Dixon
WASHINGTON (Reuters) - President Barack Obama summons the image of a scrappy auto worker or high-tech engineer when he calls for expanding ...
Mon, March 05, 2012
Tax evaders exploit varying global tax rates: OECD
(Reuters) - International tax evasion by multinational companies that take advantage of tax-rate disparities among countries is on the rise, according to an international study ...
Mon, March 05, 2012
Swiss lawmakers vote to accept U.S. tax plan
ZURICH (Reuters) - Swiss lawmakers have passed a tax proposal seen as key to settling a U.S. probe into Swiss banks with hidden offshore ...
Fri, March 02, 2012
IRS software glitch delays some tax refunds
By Patrick Temple-West
WASHINGTON (Reuters) - The U.S. Internal Revenue Service's new software system for handling electronic tax returns has experienced problems during ...
Thu, March 01, 2012
Romney's tax cuts would blow big hole in budget: report
By Kim Dixon
WASHINGTON (Reuters) - Republican presidential hopeful Mitt Romney's plan to dramatically cut U.S. tax rates would dig a $3.4 ...
Wed, February 29, 2012
Transocean says may face $473 million U.S. tax bill
By Braden Reddall
(Reuters) - Transocean Ltd may face $473 million in U.S. back taxes, according to its annual filing, though it also said ...
Wed, February 29, 2012
Swiss lawmakers back U.S. tax plan; further vote Monday
ZURICH (Reuters) - Swiss lawmakers threw their support behind a tax proposal which could help to strike a deal with the United States on Wednesday ...
Tue, February 28, 2012
Minnesota-Wisconsin Tax Reciprocity Agreement Is Close
ST. PAUL, MN (KDAL) - State legislators and the revenue commissioners of both Minnesota and Wisconsin met this week to discuss reinstatement of the income ...
Tue, February 28, 2012
Barclays says it alerted UK to "tax efficient" scheme
LONDON (Reuters) - Barclays Plc
Tue, February 28, 2012
Barclays at centre of UK tax avoidance clampdown
LONDON (Reuters) - Barclays Plc
Sat, February 25, 2012
German tax collectors volunteer for duty in Greece
By Erik Kirschbaum
BERLIN (Reuters) - More than 160 German tax collectors have volunteered for possible assignments in Greece to help the struggling Mediterranean country ...
Wed, February 22, 2012
On Michigan tour Romney proclaims "flatter, simpler" tax system
(Reuters) - Battling to come back in Michigan, Republican Mitt Romney said on Tuesday he wants a tax system that is flatter and simpler as ...
Tue, February 21, 2012
Obama urges corporate tax cut, closing loopholes
By Kim Dixon and Rachelle Younglai
WASHINGTON (Reuters) - President Barack Obama made an opening offer in what could be a long negotiation with corporate ...
Tue, February 21, 2012
MF Global failure creates tax crunch for farmers
By Tom Polansek
CHICAGO (Reuters) - With the tax man breathing down his neck, Ohio farmer Tony Rohrs is scrambling to figure out how much ...
Thu, February 16, 2012
Identity theft, phishing top IRS's "dirty dozen" tax scams
WASHINGTON (Reuters) - Identity theft and phishing top the Internal Revenue Service's (IRS) list of "dirty dozen" scams, which tend to peak this time ...
Wed, February 15, 2012
Santorum reports four years of tax returns
WASHINGTON (Reuters) - Republican U.S. presidential candidate Rick Santorum released tax returns on Wednesday showing he and his wife earned around $1 million annually ...
Tue, February 14, 2012
Romney shines unwanted light on fund tax breaks
By Kim Dixon
WASHINGTON (Reuters) - As the Republican primary fight splatters mud all over Mitt Romney and Bain Capital, other private capital funds are ...
Tue, February 14, 2012
Congress ends bitter tax battle with bill passage
By Richard Cowan and Donna Smith
WASHINGTON (Reuters) - Congress ended a three-month battle on Friday by passing legislation to extend a tax cut for ...
Tue, February 14, 2012
Yahoo-Alibaba talks falling apart: sources
By Alexei Oreskovic
SAN FRANCISCO (Reuters) - Talks between Yahoo Inc and China's Alibaba Group over the U.S. Internet giant's Asian assets ...
Tue, February 14, 2012
Obama "hopeful" on payroll tax cut extension
WASHINGTON (Reuters) - President Barack Obama said on Tuesday he had seen "hopeful signs" that Congress would pass a payroll tax cut extension for the ...
Tue, February 14, 2012
Geithner: Tax code revamp could take years
WASHINGTON (Reuters) - Treasury Secretary Tim Geithner on Tuesday said the Obama administration is close to presenting a set of principles to Congress to revamp ...
Tue, February 14, 2012
Obama plan would end dozens of business tax breaks
By Kim Dixon and Rachelle Younglai
WASHINGTON (Reuters) - The Obama administration's corporate tax reform plan would end "dozens and dozens" of tax breaks ...
Mon, February 13, 2012
Republicans drop demand to pay for payroll tax cut
By Donna Smith and Thomas Ferraro
WASHINGTON (Reuters) - Republican leaders in the House of Representatives on Monday dropped their demand for spending reductions to ...
Mon, February 13, 2012
Obama seeks tax credit for NY's World Trade Center
By Joan Gralla
(Reuters) - Transportation upgrades for New York's World Trade Center rebuilding would get a $200 million tax credit under President Barack ...
Mon, February 13, 2012
Republicans propose not paying for payroll tax cut
WASHINGTON (Reuters) - Republican leaders in the House of Representatives, in an about face, proposed on Monday extending a payroll tax cut for 160 million ...
Mon, February 13, 2012
Obama seeks big dividend tax hike for wealthy
By Kim Dixon and Patrick Temple-West
WASHINGTON (Reuters) - President Barack Obama's 2013 election-year budget took investors by surprise with a call for significantly ...
Mon, February 13, 2012
Obama seeks to cut municipal bond tax breaks
By Lisa Lambert
WASHINGTON (Reuters) - President Barack Obama on Monday proposed limiting tax breaks given to high-income earners on the interest paid by municipal ...
Mon, February 13, 2012
EU aviation carbon tax fuels concerns
By Harry Suhartono and David Fogarty
SINGAPORE (Reuters) - Global planemaker Airbus joined a chorus of concern that a European scheme to charge airlines for ...
Mon, February 13, 2012
Japan's big GDP drop a worry for PM tax plan
By Tetsushi Kajimoto and Kaori Kaneko
TOKYO (Reuters) - Japan's economy shrank much more-than-expected in the fourth quarter, as Thai floods, a strong yen ...
Fri, February 10, 2012
Swiss bank Wegelin is "fugitive" in tax fraud case
By Jonathan Stempel
(Reuters) - Wegelin & Co, the oldest Swiss private bank, was declared a fugitive after failing to show up in a U.S. court to answer a criminal charge that it conspired to help wealthy Americans evade taxes.
At a hearing in Manhattan federal court, U.S. District Judge Jed Rakoff on Friday suggested that U.S. prosecutors enlist the help of diplomatic authorities, including perhaps the State Department, to advance the case.
The indictment of Wegelin, which was founded in 1741, was the first in which the United States accused a foreign bank, rather than individuals, of helping Americans commit tax fraud.
Wegelin was accused of helping clients hide more than $1.2 billion in offshore bank accounts. The case is part of a U.S. crackdown on alleged tax fraud, including efforts to pierce the tradition of Swiss bank secrecy.
"Occasionally in these situations, progress is made through diplomatic channels," Rakoff told Assistant U.S. Attorney Daniel Levy at the hearing. "Unlike an individual, arresting a company is somewhat difficult, other than in science fiction."
Rakoff spoke after Levy said "we have no proposal" for how to get Wegelin to formally answer the charge.
Wegelin issued a statement from Switzerland saying it has not been served with a criminal summons and therefore was not required to appear in court.
"The circumstances create a clear dilemma for Wegelin & Co," it said. "If it were to adhere to current U.S. legal practice aimed at Swiss banks, it would have to breach Swiss law."
It said it would nonetheless "make every effort to resolve this matter within the boundaries of respectful cooperation with the U.S. and obedience to Swiss law."
Prosecutors charged Wegelin on February 2, one month after bringing conspiracy charges against three bankers in its Zurich branch: Michael Berlinka, Urs Frei and Roger Keller.
According to prosecutors, more than 100 U.S. taxpayers conspired with the defendants and other conspirators between 2002 and 2011 to hide money from the Internal Revenue Service.
The government also seized more than $16 million from an account that Wegelin held in Stamford, Connecticut with the Swiss bank UBS AG
Wegelin has no branches outside Switzerland, and followed the common industry practice of using correspondent banking services to handle money for U.S. clients.
In 2009, UBS paid $780 million and entered a deferred prosecution agreement with the Justice Department to resolve allegations that it helped Americans evade taxes.
Wegelin effectively broke up last month by selling its non-U.S. operations to the Swiss bank Raiffeisen.
It also moved most of its workers, clients and 21 billion Swiss francs (US$22.9 billion) of assets to Notenstein Privatbank, set up specifically for the break-up.
No further proceedings are scheduled in the Wegelin criminal case.
The case is U.S. v. Wegelin & Co et al, U.S. District Court, Southern District of New York, No. 12-cr-00002.
(US$1 = 0.918 Swiss francs)
(Reporting By Jonathan Stempel; Editing by Bernard Orr)
Fri, February 10, 2012
Exclusive: Obama to pitch lower corporate tax
By Kim Dixon
WASHINGTON (Reuters) President Barack Obama will call for cutting the top 35 percent corporate tax rate as early as this month ...
Fri, February 10, 2012
Obama budget sets up election-year tax fight
By Alister Bull and Laura MacInnis
WASHINGTON (Reuters) - President Barack Obama called on Monday for new spending to boost growth and higher taxes on ...
Thu, February 09, 2012
Republicans push to wrap up payroll tax talks
By Donna Smith
WASHINGTON (Reuters) - Republicans expressed frustration on Thursday at the slow pace of negotiations over extending a tax break for workers that ...
Thu, February 09, 2012
UBS denies helping U.S. in tax probes of other banks
By Katharina Bart
ZURICH (Reuters) - Swiss bank UBS
Thu, February 09, 2012
Wegelin boss gives up NZZ role after U.S. tax probe
ZURICH (Reuters) - The head of Wegelin -- Switzerland's oldest private bank and which the United States has indicted for helping clients dodge taxes -- is ...
Wed, February 08, 2012
California tax initiatives test power of populism
By Jim Christie
SAN FRANCISCO (Reuters) - California voters this fall may have the chance to answer a question of deep interest to politicians around ...
Tue, February 07, 2012
Payroll tax talks mired in election-year politics
By Richard Cowan and Donna Smith
WASHINGTON (Reuters) - Republican and Democratic leaders accused each other of bad faith negotiations on Tuesday as both parties ...
Fri, February 03, 2012
Senate Democrats ready backup plan on payroll tax bill
By Donna Smith and Richard Cowan
WASHINGTON (Reuters) - Senate Democrats have begun preparing a backup plan to extend a tax cut for workers if ...
Fri, February 03, 2012
Facebook's high tax rate likely to drop
By Nanette Byrnes
(Reuters) - Facebook, the social network giant on the verge of a huge initial public stock offering, pays an unusually high tax ...
Fri, February 03, 2012
White House's Krueger pushes extending payroll tax cut
WASHINGTON (Reuters) - President Barack Obama's top economist called on Congress to extend a payroll tax cut and unemployment benefits which he said would ...
Thu, February 02, 2012
U.S. indicts Wegelin bank for helping Americans avoid tax
By Lynnley Browning
(Reuters) - The United States indicted Wegelin, the oldest Swiss private bank, on charges that it enabled wealthy Americans to evade taxes ...
Thu, February 02, 2012
Area Mayors On Governor's Tax Reform Advisory Group
ST. PAUL, MN (KDAL) - Several northland area mayors, including Don Ness from Duluth and Cloquet's Bruce Ahlgren, are part of a Tax Reform ...
Thu, February 02, 2012
Nadal moves to quash tax reports
MADRID (Reuters) - Rafa Nadal issued a statement on Thursday saying he had met all his fiscal obligations after a Spanish website published details about ...
Thu, February 02, 2012
NY City to avoid tax hikes in Mayor's budget plan
By Joan Gralla
(Reuters) - New York City residents will be spared new taxes in the budget plan Mayor Michael Bloomberg will present on Thursday ...
Thu, February 02, 2012
Bernanke urges action to heal housing markets
By Barbara Liston
ORLANDO, Florida (Reuters) - Federal Reserve Chairman Ben Bernanke on Friday issued a call to action to restore U.S. housing markets ...
Thu, February 02, 2012
CME Group profit up on tax benefits
(Reuters) - CME Group
Wed, February 01, 2012
U.S. weighs 30 percent "Buffett Rule" tax on millionaires
By Patrick Temple-West
WASHINGTON (Reuters) - Millionaires would pay a minimum 30 percent effective tax rate under a law introduced on Wednesday in the Senate ...
Tue, January 31, 2012
Tax break extensions lose momentum before election
By Patrick Temple-West
WASHINGTON (Reuters) - The Congress is unlikely to renew before November elections 67 temporary tax measures that expired at the end of ...
Tue, January 31, 2012
U.S. crackdown stops $1.4 billion in bad tax refunds
(Reuters) - A U.S. government crackdown on suspected identity thieves filing false tax returns stopped $1.4 billion in bad refunds from being sent ...
Tue, January 31, 2012
Obama returns focus to small-business tax breaks
WASHINGTON (Reuters) - President Barack Obama sought on Tuesday to revive a plan to give small businesses tax breaks and help start-up firms, ideas he ...
Sun, January 29, 2012
Republican leaders expect payroll tax deal
WASHINGTON (Reuters) - Top Republican lawmakers on Sunday said they expect to forge a deal with Democrats to extend the payroll tax cut before it ...
Sat, January 28, 2012
Swiss urge U.S. tax deal to shield other banks
By Emma Thomasson
DAVOS, Switzerland (Reuters) - The break-up of Switzerland's oldest bank Wegelin on Friday shows the need to settle a dispute with ...
Fri, January 27, 2012
Tax Preparation Help From Community Action Duluth
DULUTH, MN (KDAL) - Again this year, Community Action Duluth wil provide free tax preparation at sites in Lincoln Park, West Duluth and also downtown ...
Fri, January 27, 2012
Assets on tax forms missing on Romney financial disclosures
By Mark Hosenball and Lynnley Browning
(Reuters) - A handful of financial holdings reported by U.S. Republican presidential hopeful Mitt Romney on his tax ...
Thu, January 26, 2012
Obama pushes energy plan on campaign-style tour
By Caren Bohan
AURORA, Colorado (Reuters) - President Barack Obama pitched a plan on Thursday to boost U.S. use of natural gas and open ...
Wed, January 25, 2012
Billionaire Buffett defends proposed tax rate change
By JoAnne Allen
WASHINGTON (Reuters) - Increasing taxes on the wealthy would bring fairness to U.S. taxpayers across the board, billionaire investor Warren Buffett ...
Wed, January 25, 2012
VIDEO: Obama tax ideas to hit the rich
Wed, January 25, 2012
Buffett rule tax set at 30 percent: Obama speech
WASHINGTON (Reuters) - President Barack Obama revamped the "Buffett rule" in his State of the Union address, now proposing a 30 percent minimum effective tax ...
Tue, January 24, 2012
Obama tax ideas face long odds ahead of election
By Kim Dixon
WASHINGTON (Reuters) - President Barack Obama's bid to get millionaires and multinational companies to pay more taxes may play well with ...
Tue, January 24, 2012
Obama to contrast tax inequality in State of the Union
(Reuters) - President Barack Obama will seek to frame an election-year State of the Union address on Tuesday in starkly populist terms by emphasizing the ...
Tue, January 24, 2012
Senate's Reid: Payroll tax plan should not include Keystone
WASHINGTON (Reuters) - Senate Majority Leader Harry Reid said on Tuesday he does not think a provision to speed approval of the Keystone XL pipeline ...
Tue, January 24, 2012
Italy tax police at Fitch Milan offices: prosecutor
MILAN (Reuters) - The Italian tax police was in the offices of ratings agency Fitch in Milan on Tuesday to carry out checks ordered by ...
Tue, January 24, 2012
Obama pitches tax, jobs ideas on campaign-style tour
By Caren Bohan
CHANDLER, Arizona (Reuters) - President Barack Obama took his State of the Union tax and job ideas on the road on Wednesday ...
Mon, January 23, 2012
Romney returns show low tax rate; questions linger
By Steve Holland and Kim Dixon
TAMPA, Fla./WASHINGTON (Reuters) - Republican U.S. presidential candidate Mitt Romney bowed to political pressure and gave the ...
Mon, January 23, 2012
Q+A: Romney's tax return: What might it say?
By Kim Dixon
WASHINGTON (Reuters) - Republican presidential hopeful Mitt Romney promises to unveil his 2010 tax return on Tuesday, a filing his rivals will ...
Sun, January 22, 2012
Stung by defeat, Romney ready to right tax "mistake"
(Reuters) - Humbled by a stunning loss in South Carolina, Mitt Romney said on Sunday he would release this week the tax returns demanded by ...
Sun, January 22, 2012
Boehner: Republicans may link pipeline to tax bill
WASHINGTON (Reuters) - House of Representatives Speaker John Boehner said on Sunday that Republicans may use an upcoming payroll tax cut bill to force President ...
Sun, January 22, 2012
Mitt Romney to release tax returns Tuesday
WASHINGTON (Reuters) - Mitt Romney said on Sunday he will release tax returns for the last two years this week and admitted the flap over ...
Fri, January 20, 2012
Gingrich tax return out, but much remains unseen
By Kim Dixon and Marcus Stern
(Reuters) - Presidential hopeful Newt Gingrich's tax return, dramatically released on Thursday during a candidates debate, shows that ...
Fri, January 20, 2012
Vodafone wins India tax battle, shares rise
By Devidutta Tripathy and Kate Holton
NEW DELHI/LONDON (Reuters) - Vodafone Group Plc won a $2.2 billion legal battle against India's tax ...
Thu, January 19, 2012
Gingrich releases tax returns during debate
CHARLESTON, South Carolina (Reuters) - Republican presidential hopeful Newt Gingrich released his tax returns on Thursday, revealing that he and his wife Callista paid $995 ...
Thu, January 19, 2012
Fading Gingrich behind in new poll, hits Romney in ad
By Jane Sutton
MIAMI (Reuters) - Newt Gingrich struggled to regain momentum in the race for the Republican U.S. presidential nomination on Friday as ...
Thu, January 19, 2012
U.S. indoor tanning tax having mixed effects
By Andrew M. Seaman
NEW YORK (Reuters Health) - Although a 2010 federal excise tax was meant to deter customers from using indoor tanning salons ...
Thu, January 19, 2012
Democrats to press advantage in payroll tax cut fight
By Donna Smith
WASHINGTON (Reuters) - Congressional Democrats in upcoming talks to extend a tax cut for workers will to try to extract concessions from ...
Wed, January 18, 2012
Santorum plan cuts tax revenues 40 percent: report
WASHINGTON (Reuters) - Republican presidential candidate Rick Santorum's tax plan would cut U.S. government revenues by $1.3 trillion, or 40 percent, while ...
Wed, January 18, 2012
Romney may benefit least from his own tax plan
By Eric Johnson
WASHINGTON (Reuters) - Mitt Romney has come under fire from Republican rivals over his disclosure that he pays about 15 percent in ...
Wed, January 18, 2012
Romney may benefit least from his own tax plan
By Eric Johnson
WASHINGTON (Reuters) - Mitt Romney has come under fire from Republican rivals over his disclosure that he pays about 15 percent in ...
Wed, January 18, 2012
Christie says tax cut affordable despite revenue dip
(Reuters) - New Jersey's tax revenue eased 2.5 percent in December from a year-ago, but Governor Chris Christie on Wednesday said the state ...
Wed, January 18, 2012
Suddenly, Romney faces fight in South Carolina
By Alistair Bell
COLUMBIA, South Carolina (Reuters) - Republican Mitt Romney struggled to regain his footing on Wednesday as his once formidable lead in the ...
Wed, January 18, 2012
Romney urged by ally Christie to release tax return
WASHINGTON (Reuters) - New Jersey Governor Chris Christie, a key ally of Republican presidential front-runner Mitt Romney, on Wednesday joined Romney's rivals in urging ...
Wed, January 18, 2012
Tax reform a daunting task, report illustrates
By Kim Dixon and Patrick Temple-West
WASHINGTON (Reuters) - Government spending does not just occur in the federal budget. Much of it occurs through tax ...
Tue, January 17, 2012
Tax reform a daunting task, report illustrates
By Kim Dixon and Patrick Temple-West
WASHINGTON (Reuters) - Government spending does not just occur in the federal budget. A lot if it occurs through ...
Tue, January 17, 2012
Group won't push California tax overhaul measure
SAN FRANCISCO (Reuters) - Billionaire Nicolas Berggruen's Think Long Committee for California will not press a ballot measure this year to alter the state ...
Tue, January 17, 2012
New Jersey governor wants all tax brackets cut by 10 percent
(Reuters) - All New Jersey income tax brackets should be cut 10 percent, Governor Chris Christie proposed on Tuesday, saying the state was on the ...
Tue, January 17, 2012
New Jersey Governor: cut income tax brackets by 10 percent
(Reuters) - All New Jersey income tax brackets should be cut 10 percent, Governor Chris Christie proposed on Tuesday, saying the state was on the ...
Tue, January 17, 2012
Romney says he is taxed at around 15 percent rate
By Sam Youngman
MYRTLE BEACH, South Carolina (Reuters) - Republican Mitt Romney acknowledged Tuesday that his income tax rate is "probably closer to 15 percent ...
Mon, January 16, 2012
Obama jobs panel pushes tax reform, domestic drilling
By Matt Spetalnick
WASHINGTON (Reuters) - President Barack Obama's jobs council called on Tuesday for a corporate tax overhaul, expanded domestic drilling and new ...
Sun, January 15, 2012
Analysis: Tax breaks on autopilot with little debate
By Kim Dixon
WASHINGTON (Reuters) - UK-based Diageo, the world's biggest liquor company that sells Captain Morgan's rum, is enjoying a $2.7 ...
Fri, January 13, 2012
Tea Party may get rebuffed in tax cut showdown
By Richard Cowan and Thomas Ferraro
WASHINGTON (Reuters) - House Speaker John Boehner, hoping to spare fellow Republicans a second embarrassing defeat over payroll tax ...
Wed, January 11, 2012
Obama vows new ideas to bring jobs home from abroad
By Matt Spetalnick and Caren Bohan
WASHINGTON (Reuters) - President Barack Obama vowed on Wednesday to help bring jobs home from overseas and promised new ...
Mon, January 09, 2012
Obama defends auto tax break despite skepticism
By John Crawley and Ben Klayman
(Reuters) - The Obama administration on Monday defended a tax break under scrutiny that is aimed at boosting consumer ...
Mon, January 09, 2012
IRS revives offshore tax dodger forgiveness
By Lynnley Browning
(Reuters) - The Internal Revenue Service said on Monday it is reopening a voluntary disclosure program for taxpayers who have evaded taxes ...
Mon, January 09, 2012
Amazon, Indiana strike state sales tax deal
By Alistair Barr
(Reuters) - Amazon.com Inc and Indiana Governor Mitch Daniels unveiled an agreement on Monday that may mean that the world's ...
Mon, January 09, 2012
Analysis: Santorum tax plan cuts rates, keeps goodies
By Kim Dixon
WASHINGTON (Reuters) - Republican presidential hopeful Rick Santorum appeals to the party's hunger for low taxes, but earns poor grades from ...
Sun, January 08, 2012
France could propose own Tobin tax next month
PARIS (Reuters) - France could table a financial transaction tax for parliamentary approval as soon as next month, even without the backing of its European ...
Fri, January 06, 2012
Obama to ask firms to keep jobs at home
By Jeff Mason and Caren Bohan
WASHINGTON (Reuters) - President Barack Obama will press business leaders next week to expand their industries at home rather ...
Thu, January 05, 2012
Tax inspectors hit target in Italian ski resort
By Barry Moody
ROME (Reuters) - Italian officials combating a national plague of tax evasion hit the jackpot in a swoop on a posh ski ...
Thu, January 05, 2012
Romney tax plan would balloon U.S. deficit: report
By Patrick Temple-West and Kevin Drawbaugh
WASHINGTON (Reuters) - U.S. presidential hopeful Mitt Romney's tax plan would cut revenues and increase the government ...
Tue, January 03, 2012
U.S. charges 3 Swiss bankers in tax evasion case
By Lynnley Browning
(Reuters) - Prosecutors accused three Swiss bankers on Tuesday of conspiring with wealthy U.S. taxpayers to hide more than $1.2 ...
Sat, December 31, 2011
Swiss finance minister says U.S. tax deal needs time: radio
ZURICH (Reuters) - Switzerland and the United States need more time to negotiate a tax deal, Swiss finance minister Eveline Widmer-Schlumpf told Swiss radio on ...
Fri, December 30, 2011
Spain says deficit bigger than expected, hikes taxes
By Andrés González and Elisabeth O'Leary
MADRID (Reuters) - Spain's new government said on Friday that this year's budget deficit would be ...
Wed, December 28, 2011
New U.S. tactic for suspected Swiss bank tax cheats
By Lynnley Browning
(Reuters) - U.S. authorities hunting in Swiss banks for suspected tax cheats have a new weapon in their arsenal: an arcane ...
Tue, December 27, 2011
U.S. tax day falls on April 17 this year: IRS
WASHINGTON (Reuters) - The 2012 due date for personal income tax filings will be Tuesday, April 17, the U.S. Internal Revenue Service said on ...
Fri, December 23, 2011
Analysis: Obama wins on tax cut, but gains are hard to sustain
By Alister Bull and Caren Bohan
WASHINGTON (Reuters) - For President Barack Obama, it was a political victory that has given his 2012 re-election campaign ...
Fri, December 23, 2011
Corporations gear up for major U.S. tax battle
By David Ingram and Patrick Temple-West
WASHINGTON (Reuters) - Huge U.S. corporations are forming lobbying groups to try to influence what could become the ...
Fri, December 23, 2011
Congress punts hard payroll tax work to 2012
By Richard Cowan and Rachelle Younglai
WASHINGTON (Reuters) - President Barack Obama signed into law a two-month payroll tax cut extension on Friday, capping a ...
Fri, December 23, 2011
Congress approves payroll tax deal
By Richard Cowan and Rachelle Younglai
WASHINGTON (Reuters) - Congress approved a two-month payroll tax cut extension on Friday, capping an exhausting year of partisan ...
Thu, December 22, 2011
Impasse broken in House on payroll tax cut: aide
WASHINGTON (Reuters) - House of Representatives Speaker John Boehner has informed Senate Majority Leader Harry Reid that he will set a vote in the House ...
Wed, December 21, 2011
White House says Obama wants 1-year payroll tax deal
(Reuters) - The White House said on Wednesday that President Barack Obama wants a one-year extension of payroll tax cuts and would work with Republicans ...
Tue, December 20, 2011
Pennsylvania predicting $500 million deficit, no tax increase
By Mark Shade
HARRISBURG, Pa (Reuters) - As Pennsylvania slogs its way through a bad economy, officials predicted on Tuesday that the commonwealth would end ...
Tue, December 20, 2011
Insight: In tax cut debate, a focus on Boehner's leadership
By Richard Cowan and Thomas Ferraro
WASHINGTON (Reuters) - In Congress' tense drama over how to extend payroll tax cuts for 160 million Americans, it ...
Tue, December 20, 2011
Broken U.S. tax code joins two lawmakers in quest
By Donna Smith
WASHINGTON (Reuters) - While party leaders battle over a last-minute payroll tax deal, the two top tax writers in Congress are quietly ...
Mon, December 19, 2011
White House says hopeful about payroll tax vote
WASHINGTON (Reuters) - The White House expressed hope on Monday that Republicans in the House of Representatives would support a short-term payroll tax cut agreement ...
Mon, December 19, 2011
NY state tax collections reflect struggling economy
NEW YORK, Dec 19 - (Reuters) - New York state's tax collections have come in $71.7 million below recently adjusted estimates, reflecting "an economy ...
Mon, December 19, 2011
Virginia governor wants bigger reserves, no tax hikes
(Reuters) - Virginia's governor said on Monday he wants to rebuild the state's rainy day and pension funds while remaining vigilant about possible ...
Mon, December 19, 2011
Analysis: Gingrich tax plan starves government, say economists
By Kim Dixon
WASHINGTON (Reuters) - Newt Gingrich's tax plan could blow a gaping hole in U.S. government revenues, while preserving special interest ...
Sun, December 18, 2011
House Republicans oppose Senate payroll tax bill
By David Lawder and Donna Smith
WASHINGTON (Reuters) - The fate of an expiring tax break for 160 million American workers was in doubt on ...
Sun, December 18, 2011
U.S. offers 11 Swiss banks deal to end tax row: paper
ZURICH (Reuters) - U.S. officials are offering 11 Swiss banks, among them Credit Suisse
Sat, December 17, 2011
Obama welcomes tax cut deal
WASHINGTON (Reuters) - President Barack Obama welcomed a deal on Saturday worked out by divided lawmakers to extend a payroll tax cut for U.S ...
Sat, December 17, 2011
U.S. Senate ok's two-month payroll tax cut extension
WASHINGTON(Reuters) - The Senate voted on Saturday to extend a payroll tax cut for two months in legislation that also attempts to force President ...
Fri, December 16, 2011
Obama backs tax deal but pipeline now in doubt
WASHINGTON (Reuters) - President Barack Obama supports a compromise payroll tax deal reached in Congress on Friday but Republican insistence on including a demand to ...
Wed, December 14, 2011
Obama, Democrats weigh dropping millionaires tax
WASHINGTON (Reuters) - President Barack Obama and Senate Democrats on Wednesday discussed abandoning efforts to impose a surtax on millionaires to help pay for extending ...
Wed, December 14, 2011
Superior Reduces Property Tax Rate
SUPERIOR, WI (KDAL) - Superior Mayor Bruce Hagen has announced that the tax rate for 2012 city operations will be reduced by .4 percent. The ...
Tue, December 13, 2011
Obama would veto Republican House tax bill: White House
WASHINGTON (Reuters) - The White House said on Tuesday that President Barack Obama would veto a bill proposed by Republicans in the House of Representatives ...
Mon, December 12, 2011
Illinois House passes CME, Sears tax breaks
(Reuters) - The Illinois House on Monday passed a package of tax breaks for CME Group Inc and Sears Holdings Corp, sending the measure to ...
Sun, December 11, 2011
Republican leader confident of tax break renewal
WASHINGTON (Reuters) - Senate Republican Leader Mitch McConnell said on Sunday that Congress will somehow reach an agreement to renew a popular payroll tax cut ...
Sun, December 11, 2011
Swiss and U.S. inch closer to tax-row deal: reports
ZURICH (Reuters) - Swiss and U.S. officials have met in recent days in Berne to try to end a long-running dispute over wealthy Americans ...
Fri, December 09, 2011
Congress punts hard payroll tax work to 2012
By Richard Cowan and Rachelle Younglai
WASHINGTON (Reuters) - President Barack Obama signed into law a two-month payroll tax cut extension on Friday, capping a ...
Fri, December 09, 2011
White House rejects Republican payroll tax proposal
WASHINGTON (Reuters) - The White House rejected on Friday the latest proposal from Republicans in Congress on a payroll tax cut, saying its costs needed ...
Thu, December 08, 2011
Republicans tie Keystone pipe to tax cut bill
By Timothy Gardner and Roberta Rampton
WASHINGTON (Reuters) - House of Representatives will include approval of a Canada-to-Texas oil pipeline in a payroll tax cut ...
Thu, December 08, 2011
House Republicans rally around payroll tax plan
By Donna Smith
WASHINGTON (Reuters) - Republicans in the House of Representatives began to fall into line on Thursday behind a bill to extend an ...
Thu, December 08, 2011
Obama pick for tax post faces new roadblock
WASHINGTON (Reuters) - President Barack Obama's choice to run criminal tax prosecutions will not get a quick confirmation vote due to an unrelated dispute ...
Thu, December 08, 2011
Why Obama's payroll tax cut extension is the best worst option
(Updates to clarify sentence in 8th paragraph)
By Mark Miller
(Reuters) - The White House unveiled a countdown clock this week, tick-tocking away the days ...
Thu, December 08, 2011
House Republicans fall into line on payroll tax
By Donna Smith
WASHINGTON (Reuters) - Republicans in the House of Representatives were falling into line on Thursday behind a bill to extend a payroll ...
Wed, December 07, 2011
NYC mayor says no tax hikes despite deficit
By Chris Francescani and Joan Gralla
NEW YORK (Reuters) - New York Mayor Michael Bloomberg vowed on Wednesday not to raise taxes, despite a significant ...
Wed, December 07, 2011
Obama says would reject payroll tax, Keystone tie-up
WASHINGTON (Reuters) - President Barack Obama said on Wednesday he would reject any congressional efforts to tie an extension of the payroll tax cut to ...
Wed, December 07, 2011
Paris, Berlin seek action on company, financial tax
PARIS (Reuters) - France and Germany want a new EU framework to speed up progress towards a common corporate tax base and a financial transaction ...
Tue, December 06, 2011
Indiana fiscal outlook strong, tax refund possible: governor
By Susan Guyett
INDIANAPOLIS (Reuters) - Indiana's fiscal outlook is stronger than expected and residents may be looking at a tax refund if the ...
Tue, December 06, 2011
NY ups tax on rich, cuts for middle-class
By Joan Gralla
NEW YORK (Reuters) - New York's millionaires will pay higher taxes while 4.4 million middle-class and upper-income New Yorkers will ...
Tue, December 06, 2011
Exclusive: Keep pipeline out of tax cuts, senators tell Reid
By Roberta Rampton
WASHINGTON (Reuters) - Five U.S. senators urged Senate Majority Leader Harry Reid to reject Republican efforts to make approval of the ...
Mon, December 05, 2011
California governor launches tax ballot measure
SAN FRANCISCO - (Reuters) - With California once again running short on revenue, Governor Jerry Brown said on Monday he would circumvent the legislature and press ...
Mon, December 05, 2011
Obama: U.S. needs payroll tax cut, recovery fragile
WASHINGTON (Reuters) - President Barack Obama said on Monday the United States needs to extend the payroll tax cut because the U.S. recovery is ...
Sun, December 04, 2011
Obama, fellow Democrats push tax cut extension
By Thomas Ferraro and Donna Smith
WASHINGTON (Reuters) - President Barack Obama prodded congressional Republicans on Monday to extend a payroll tax cut, and his ...
Sun, December 04, 2011
Republicans show rare discord over tax policy
By Richard Cowan and Donna Smith
WASHINGTON (Reuters) - The Republican brand, built on a rock-solid "no new tax" pledge to voters, is showing a ...
Sun, December 04, 2011
Reid set to offer compromise to extend tax cut
WASHINGTON (Reuters) - Senate Majority Leader Harry Reid will offer a compromise on Monday to extend a popular payroll tax cut, a fellow Democrat said ...
Sat, December 03, 2011
Obama tries to pressure Republicans on tax cut
By Caren Bohan
WASHINGTON (Reuters) - President Barack Obama sought on Saturday to boost pressure on Republican lawmakers to back an extension of a tax ...
Fri, December 02, 2011
Suicide kit maker, 93, pleads guilty to tax offense
By Marty Graham
SAN DIEGO (Reuters) - A great-grandmother who sold do-it-yourself asphyxiation kits from her home in California pleaded guilty on Friday to a ...
Fri, December 02, 2011
House Republicans divided over payroll tax cut
By Richard Cowan
WASHINGTON (Reuters) - Republican leaders in the U.S. House of Representatives pushed ahead on Friday to extend a popular payroll tax ...
Fri, December 02, 2011
House Republicans to link pipeline, payroll tax cut
By Roberta Rampton
WASHINGTON (Reuters) - Republicans in the House of Representatives said on Friday they will attach a bill designed to speed approval of ...
Fri, December 02, 2011
Obama promises big push on payroll tax cut
WASHINGTON (Reuters) - President Barack Obama on Friday pledged an aggressive push to pass an extension to the payroll tax cut for U.S. workers ...
Thu, December 01, 2011
Republican payroll tax cut plan fails in Senate
WASHINGTON (Reuters) - The Senate on Thursday blocked a Republican plan to extend the payroll tax cut for workers for one year.
By a vote ...
Thu, December 01, 2011
Senate defeats Democratic payroll tax cut plan
WASHINGTON (Reuters) - Republicans in the Senate on Thursday blocked a one-year extension and expansion of the payroll tax cut that was coupled with a ...
Thu, December 01, 2011
California Governor Brown seeks $7 billion from tax hikes
SAN FRANCISCO (Reuters) - The wealthy in California would pay more income tax and shoppers would face a sales tax increase under a measure to ...
Thu, December 01, 2011
Boehner says payroll tax cut good for economy
By Thomas Ferraro and Caren Bohan
WASHINGTON (Reuters) - The top Republican in Congress said on Thursday that extending a payroll tax cut for workers ...
Thu, December 01, 2011
Senate defeats competing payroll tax cut bills
By Thomas Ferraro and Richard Cowan
WASHINGTON (Reuters) - The Senate on Thursday defeated competing payroll tax cut extension plans by Democrats and Republicans, clearing ...
Thu, December 01, 2011
Republican payroll tax cut plan fails in Senate
WASHINGTON (Reuters) - The Senate on Thursday blocked a Republican plan to extend the payroll tax cut for workers for one year.
By a vote ...
Wed, November 30, 2011
Congress steps into states' scuffle over sales tax
By Lisa Lambert
WASHINGTON (Reuters) - After the frenzy of "Cyber Monday," members of Congress on Wednesday entered into a different scuffle over web shopping ...
Wed, November 30, 2011
Undelivered tax refunds total $153.3 million: IRS
(Reuters) - Missing your tax refund this year? The check may be waiting at the Internal Revenue Service, the U.S. tax collection agency said ...
Wed, November 30, 2011
Senate Republicans offer tax-cut renewal plan
WASHINGTON (Reuters) - A pay freeze for federal workers would be extended for another three years as part of a Senate Republican plan offered on ...
Wed, November 30, 2011
California groups jockey to put tax hikes on ballot
By Jim Christie
SAN FRANCISCO (Reuters) - With California Governor Jerry Brown making little progress in his efforts to solve the state's intractable budget ...
Wed, November 30, 2011
Obama cites progress towards payroll tax cut
By Laura MacInnis
NEW YORK (Reuters) - President Barack Obama struck an optimistic note on Wednesday night that lawmakers in Congress could reach agreement to ...
Tue, November 29, 2011
Illinois house votes down CME, Sears tax relief
By Andrew Stern
CHICAGO (Reuters) - The Illinois house voted down a proposal on Tuesday that would have given $100 million in tax relief to ...
Tue, November 29, 2011
New York City can't tax Expedia, Priceline fees: court
By Joseph Ax
NEW YORK (Reuters) - An appeals court on Tuesday struck down a 2009 New York City law imposing a tax on hotel-booking ...
Tue, November 29, 2011
Republicans back payroll tax cut extension
By Richard Cowan
WASHINGTON (Reuters) - Republicans in Congress on Tuesday threw their support behind a payroll tax cut extension, trying to blunt charges ahead ...
Tue, November 29, 2011
Payroll tax cuts key to recovery: White House
WASHINGTON (Reuters) - Allowing payroll tax cuts to expire would hurt the U.S. economy and further dent hiring, and may make the United States ...
Mon, November 28, 2011
Tax reform mulled after debt committee failure
WASHINGTON (Reuters) - At least one Republican member of the congressional debt reduction panel is promising to forge ahead with tax reform after the panel ...
Mon, November 28, 2011
Democrats, Republicans trade blows on tax cuts
By Richard Cowan
WASHINGTON (Reuters) - Democrats and Republicans in Congress on Monday exchanged their first blows in a battle over extending a payroll tax ...
Sun, November 27, 2011
Analysis: Deficit flop turns spotlight on tax reform
By Stella Dawson, U.S. Special Economics Editor
WASHINGTON (Reuters) - For the economy to prosper, major tax reform is emerging as a vital ingredient ...
Wed, November 23, 2011
Lobbyist eyes 2013 for corporate tax overhaul
By David Ingram
WASHINGTON (Reuters) - Kenneth Kies sizes up the chances of reforming the convoluted U.S. tax code like someone who has lived ...
Wed, November 23, 2011
Harrisburg mayor proposes small tax hike before hearing
By Mark Shade
HARRISBURG, Pa (Reuters) - On the eve of a federal court proceeding to determine if Pennsylvania's capital city can proceed with ...
Tue, November 22, 2011
Businesses fret as Congress dallies on tax cut
By Patrick Temple-West
WASHINGTON (Reuters) - Bonus season could come early this year for employees who are paid on commissions, payroll servicers said on Tuesday ...
Tue, November 22, 2011
Businesses fret as Congress dallies on tax cut
By Patrick Temple-West
WASHINGTON (Reuters) - Bonus season could come early this year for employees who are paid on commissions, payroll servicers said on Tuesday ...
Tue, November 22, 2011
Payroll tax cut, jobless aid deal likely: aides
By Kevin Drawbaugh
WASHINGTON (Reuters) - After another fiscal fight next month, U.S. lawmakers are likely to agree to extend payroll tax cuts and ...
Tue, November 22, 2011
Obama urges Congress to save payroll tax cut
MANCHESTER, New Hampshire (Reuters) - President Barack Obama said on Tuesday U.S. lawmakers would have a chance to vote again next week to extend ...
Tue, November 22, 2011
Jack Daniel's wins battle over whiskey barrel tax
By Tim Ghianni
NASHVILLE, Tenn (Reuters) - The home county of Jack Daniel's killed local efforts to tax the Tennessee distiller's whiskey by ...
Sun, November 20, 2011
Australian govt wins crucial support for mining tax
CANBERRA (Reuters) - Australia's plan to impose a new tax on major coal and iron ore miners moved a step closer Monday after key ...
Sun, November 20, 2011
Obama pushes divided Congress to extend tax cut
By Alister Bull
MANCHESTER, New Hampshire (Reuters) - President Barack Obama challenged the U.S. Congress on Tuesday to vote next week to save an ...
Sat, November 19, 2011
Julius Baer head sees U.S-Swiss tax deal in three-six months
ZURICH (Reuters) - Switzerland could see a deal within the next three to six months to end a long-simmering dispute over how it will hand ...
Fri, November 18, 2011
Ex-UBS banker sentenced for aiding U.S. tax evasion
By Kevin Gray
MIAMI (Reuters) - A former senior UBS banker who helped the U.S. government expand its crackdown on offshore tax evasion was ...
Fri, November 18, 2011
Tax evasion law "could cost big banks $100 million"
MILAN (Reuters) - A U.S. law aimed at curbing tax evasion by citizens using foreign accounts could cost large multinational banks as much as ...
Thu, November 17, 2011
Corporate tax cut desired, hard to get: panel
By Patrick Temple-West
WASHINGTON (Reuters) - As the United States looks toward tax reform, it will be difficult to lower the corporate tax rate without ...
Wed, November 16, 2011
Detroit mayor calls for wage cuts, corporate tax increase
By Ned Randolph
DETROIT (Reuters) - Detroit Mayor Dave Bing warned on Wednesday the city could run out of cash by April and called for ...
Wed, November 16, 2011
New York City tax revenue tops forecasts: sources
By Joan Gralla
NEW YORK (Reuters) - New York City tax revenue exceeded its forecasts by $239 million through the end of September, sources familiar ...
Mon, November 14, 2011
Obama taps insider to head tax policy at US Treasury
WASHINGTON (Reuters) - President Barack Obama has picked an administration insider as assistant secretary for tax policy at the U.S. Treasury, the White House ...
Mon, November 07, 2011
Nighy in Cannes to campaign for new super tax
The G20 Summit is underway in Cannes, France with attendees including British Prime Minister David Cameron, French President Nicolas Sarkozy and German chancellor Angela ...
Sun, November 06, 2011
Nighy in Cannes to campaign for new super tax
The G20 Summit is underway in Cannes, France with attendees including British Prime Minister David Cameron, French President Nicolas Sarkozy and German chancellor Angela ...
Sat, November 05, 2011
Nighy in Cannes to campaign for new super tax
The G20 Summit is underway in Cannes, France with attendees including British Prime Minister David Cameron, French President Nicolas Sarkozy and German chancellor Angela ...
Fri, November 04, 2011
Nighy in Cannes to campaign for new super tax
The G20 Summit is underway in Cannes, France with attendees including British Prime Minister David Cameron, French President Nicolas Sarkozy and German chancellor Angela ...
Thu, October 13, 2011
Bachmann calls for Reagan-like tax cuts
DENISON, Iowa (Reuters) - Republican presidential candidate Michele Bachmann, who is touting her work as a "federal tax lawyer" as a qualification for the presidency ...
Thu, October 13, 2011
Foreign profit tax break would spur U.S.: report
WASHINGTON (Reuters) - An overseas corporate profit repatriation tax holiday could boost consumption and U.S. tax revenues even if companies decide to return cash ...
Wed, October 12, 2011
Tax preparers fret over first U.S. IRS fees, rules
By Patrick Temple-West
WASHINGTON (Reuters) - Tax preparers are chewing their pencils as the U.S. Internal Revenue Service gets ready to impose the first ...
Wed, October 12, 2011
Greek tax inspectors declare strike as austerity protests spread
By Harry Papachristou
ATHENS (Reuters) - Greek tax inspectors will go on strike next week to protest against planned wage and pension cuts, threatening more ...
Wed, October 12, 2011
U.S. accuses two Baer bankers of aiding tax evasion
By Lynnley Browning
NEW YORK (Reuters) - U.S. prosecutors indicted two private bankers with Julius Baer for helping wealthy Americans evade taxes, drawing yet ...
Tue, October 11, 2011
Senate Republican jobs bill urges tax reform and cuts
By Thomas Ferraro
WASHINGTON (Reuters) - Senate Republicans, having rejected President Barack Obama's jobs bill, offered a sweeping and largely repackaged plan of their ...
Mon, October 10, 2011
Foreign profit tax break was costly bomb: report
By Kevin Drawbaugh
WASHINGTON (Reuters) - Congress should not endorse another big tax break for overseas corporate profits because the last one in 2004-2005 was ...
Mon, October 10, 2011
Chicago protesters seek exchange tax to fund jobs
CHICAGO (Reuters) - Stand Up Chicago, a coalition planning a protest against economic inequality on Monday, wants to levy a $1.4 billion tax on ...
Thu, October 06, 2011
Fitch slams proposed foreign profit tax break
By Kevin Drawbaugh
WASHINGTON (Reuters) - Giving corporations a tax break on their overseas profits likely would not boost the economy or jobs, said credit ...
Thu, October 06, 2011
Democrats tweak tax hike plan for millionaires
WASHINGTON (Reuters) - At the request of the White House, Senate Democrats have pushed back the effective date of their proposed tax increase on millionaires ...
Wed, October 05, 2011
Tax on rich will pay for Obama jobs plan: Democrats
By Richard Cowan and Thomas Ferraro
WASHINGTON (Reuters) - Senate Democrats want to hit millionaires with a 5 percent surcharge on their taxes to pay ...
Wed, October 05, 2011
Tax on rich will pay for Obama jobs plan: Democrats
By Richard Cowan and Thomas Ferraro
WASHINGTON (Reuters) - Senate Democrats want to hit millionaires with a 5 percent surcharge on their taxes to pay ...
Wed, October 05, 2011
Tax on rich will pay for Obama jobs plan: Democrats
By Richard Cowan and Thomas Ferraro
WASHINGTON (Reuters) - U.S. millionaires would be hit with a new 5 percent surtax to pay for President ...
Wed, October 05, 2011
Tax on rich will pay for Obama jobs plan: Democrats
By Richard Cowan and Thomas Ferraro
WASHINGTON (Reuters) - Senate Democrats want to hit millionaires with a 5 percent surcharge on their taxes to pay ...
Tue, October 04, 2011
U.S. wins three tax cases involving big banks, KPMG
By Lynnley Browning
(Reuters) - United States prosecutors said on Tuesday they had won three major cases against American clients of questionable tax shelters including ...
Mon, October 03, 2011
Switzerland tops list of tax haven nations: network
By Patrick Temple-West
(Reuters) - Switzerland, despite bank settlements with the United States to disclose tax evaders, remains the top refuge for financial secrecy, according ...
Mon, October 03, 2011
Grand jury indicts 55 for $250 million in tax scams
(Reuters) - A grand jury has indicted 55 people for participating in scams that tried to bilk the government out of more than $250 million ...
Fri, September 30, 2011
Exclusive: Democrats push tax hikes first in deficit talks
By Richard Cowan and Tim Reid
WASHINGTON (Reuters) - Democrats want tax hikes to be the first item negotiated in "super committee" deficit-reduction talks, trying ...
Thu, September 29, 2011
Strapped states crave bigger online tax bite
By Nanette Byrnes
(Reuters) - With holiday shopping season near and billions of dollars in sales tax at stake, financially strapped state and local governments ...
Wed, September 28, 2011
U.S. watchdogs target tax-exempt campaign money
By Patricia Zengerle
WASHINGTON (Reuters) - U.S. campaign finance watchdogs challenged the tax-exempt status on Wednesday of four political groups raising millions of dollars ...
Wed, September 28, 2011
Deputy PM says he shares Greeks' property tax pain
By George Georgiopoulos and Angeliki Koutantou
ATHENS (Reuters) - A deputy prime minister sought to empathize with Greeks facing an unpopular property tax passed by ...
Tue, September 27, 2011
Ryan targets U.S. employer healthcare tax breaks
(Reuters) - U.S. employer healthcare tax breaks would be replaced with refundable tax credits for individuals under a proposal offered on Tuesday by House ...
Tue, September 27, 2011
Ryan targets U.S. employee healthcare tax breaks
By Donna Smith
(Reuters) - Republican Representative Paul Ryan, an outspoken opponent of President Barack Obama's healthcare reform, proposed a plan on Tuesday that ...
Tue, September 27, 2011
Greece faces its inspectors, Merkel hints at bailout change
By Michael Winfrey and Ingrid Melander
ATHENS (Reuters) - Greece's lenders sent a team to Athens on Wednesday to inspect a government austerity plan ...
Mon, September 26, 2011
Governor vetoes tax break for "Jersey Shore"
NEW YORK (Reuters) - Governor Chris Christie of New Jersey vetoed on Monday a $420,000 film tax credit dubbed the "Snooki Subsidy" for the ...
Fri, September 23, 2011
Bill Gates backs Tobin tax, G20 unconvinced
By Lesley Wroughton and Daniel Flynn
WASHINGTON (Reuters) - Microsoft founder Bill Gates on Friday backed a controversial financial transactions tax to aid development in ...
Thu, September 22, 2011
Obama's "Buffett tax" roils Congress tax debate
By Richard Cowan
WASHINGTON (Reuters) - When Senator Charles Schumer urged quick action to raise taxes on the rich -- people like billionaire Warren Buffett -- he ...
Thu, September 22, 2011
Four tax facts for Congress deficit super panel
WASHINGTON (Reuters) - The chief tax researcher of Congress gave a "super committee" on deficit reduction a broad look on Thursday at the condition of ...
Wed, September 21, 2011
IRS targets employers on withholding tax
By Patrick Temple-West
WASHINGTON (Reuters) - The tax-collecting Internal Revenue Service on Wednesday offered an amnesty program to businesses that are, intentionally or otherwise, failing ...
Wed, September 21, 2011
Senator Wyden: Repeal foreign profit tax break
By Kevin Drawbaugh
WASHINGTON (Reuters) - The tax code may be headed for some major renovation, and Senator Ron Wyden, a rangy Oregon Democrat, has ...
Tue, September 20, 2011
U.S. probes 8 offshore banks for aiding tax evasion
By Lynnley Browning and Jonathan Stempel
(Reuters) - Eight offshore banks are the subject of United States federal grand jury investigations examining whether they helped ...
Mon, September 19, 2011
Sen. Schumer pushes for "Buffett Rule" tax vote
WASHINGTON (Reuters) - A high-ranking Democrat in the U.S. Senate on Monday said Congress should seize upon President Barack Obama's proposal to increase ...
Mon, September 19, 2011
Geithner: Obama corporate tax plan before year-end
WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner on Monday said the Obama administration's plan to revamp the corporate tax code would be ...
Mon, September 19, 2011
Obama vows to veto Medicare cuts without tax reform
WASHINGTON (Reuters) - President Barack Obama said on Monday that he would veto any bill that cuts Medicare benefits without requiring companies and wealthy Americans ...
Mon, September 19, 2011
New Jersey is Awarding 'Jersey Shore' a $420,000 Tax Credit
So, here's the kind of news that you happen upon and think, ""Oh, I didn't realize I was reading The Onion."" And ...
Mon, September 19, 2011
Credit Suisse to pay $206 million to settle German tax
By Martin de Sa'Pinto
ZURICH (Reuters) - Credit Suisse
Mon, September 19, 2011
Analysis: Obama, GOP shift tax, budget fight into 2012
By Kevin Drawbaugh
WASHINGTON (Reuters) - President Barack Obama and Republicans in Congress are digging in to fight the 2012 election campaign over the budget ...
Sun, September 18, 2011
Swiss, Germans to sign tax deal this week: sources
BERLIN (Reuters) - The German and Swiss governments aim to sign a deal this week on taxing money stashed by German citizens in secret accounts ...
Sun, September 18, 2011
Republicans criticize tax on millionaires idea
WASHINGTON (Reuters) - Republican leaders on Sunday criticized President Barack Obama's proposal for a new tax on millionaires, calling it "class warfare" and predicting ...
Sun, September 18, 2011
Swiss parliament may block U.S. tax deal: report
ZURICH (Reuters) - Political opponents could block a compromise between Switzerland and U.S. tax authorities that would settle a dispute on untaxed money in ...
Sun, September 18, 2011
New Jersey is Awarding 'Jersey Shore' a $420,000 Tax Credit
So, here's the kind of news that you happen upon and think, ""Oh, I didn't realize I was reading The Onion."" And ...
Sat, September 17, 2011
Obama offers $3.6 trillion deficit plan, would up taxes
By Alister Bull and Caren Bohan
WASHINGTON (Reuters) - President Barack Obama laid out a $3.6 trillion plan on Monday to cut budget deficits ...
Sat, September 17, 2011
New Jersey is Awarding 'Jersey Shore' a $420,000 Tax Credit
So, here's the kind of news that you happen upon and think, ""Oh, I didn't realize I was reading The Onion."" And ...
Thu, September 15, 2011
Obama makes job, tax case to big donors
By Patricia Zengerle
WASHINGTON (Reuters) - President Barack Obama made the case for his re-election and his jobs plan at two big-ticket fundraisers on Thursday ...
Thu, September 15, 2011
Exclusive: U.S. tax-evasion probe turns to Israeli banks
By Lynnley Browning
(Reuters) - The U.S. pursuit of offshore tax evaders is widening to include Israel, where U.S. authorities are scrutinizing three ...
Thu, September 15, 2011
U.S. nets thousands in offshore tax dodge crackdown
WASHINGTON (Reuters) - Major progress is being made in a crackdown on international tax evasion, the U.S. Internal Revenue Service said on Thursday.
In ...
Thu, September 15, 2011
Boehner wants tax reform on super committee menu
WASHINGTON (Reuters) - The top Republican on Thursday will call on a special congressional committee to consider tax reform that would close loopholes but not ...
Tue, September 13, 2011
Tax reform vital to deficit panel's work: Senator Wyden
By Kevin Drawbaugh
WASHINGTON (Reuters) - As lawmakers on the congressional "super committee" grapple with the deficit, they keep talking about an objective that they ...
Tue, September 13, 2011
Obama plan on tax-exemption limit faces uphill battle
CHICAGO (Reuters) - A provision in President Barack Obama's jobs act that would reduce the attractiveness of tax-exempt bonds for higher-income investors is unlikely ...
Tue, September 13, 2011
Greenspan urges tax reform in debt cut effort
WASHINGTON (Reuters) - Former Federal Reserve Chairman Alan Greenspan called for tax reform to be part of an urgent effort to put the U.S ...
Mon, September 12, 2011
House Republicans blast Obama tax increase plan
WASHINGTON (Reuters) - President Barack Obama's proposal to pay for his job-creation plan with tax increases on the wealthy is not in keeping with ...
Mon, September 12, 2011
Obama seeks $467 billion in tax changes to fund jobs plan
WASHINGTON (Reuters) - President Barack Obama is proposing cutting $467 billion in tax breaks for wealthier Americans and some companies to offset the cost of ...
Mon, September 12, 2011
Greek property tax a band-aid, no long term cure
By Dina Kyriakidou
ATHENS (Reuters) - A new property tax may pull Greece back from the brink of default by securing desperately needed EU/IMF ...
Mon, September 12, 2011
Obama sends jobs plan to Congress, eyes tax hikes
By Steve Holland and Matt Spetalnick
WASHINGTON (Reuters) - President Barack Obama sent his jobs bill to Congress on Monday and proposed paying for it ...
Sun, September 11, 2011
Swiss committed to solving U.S. tax spat: report
ZURICH (Reuters) - Switzerland does not need an emergency law or a separate treaty as it works toward a solution in its latest tax spat ...
Sat, September 10, 2011
Greece slaps new tax on property to cut deficit
By Harry Papachristou
THESSALONIKI, Greece (Reuters) - Greece on Sunday slapped a new tax on real estate to plug a 2011 budget hole, please international ...
Sat, September 10, 2011
U.S. has tax statistics from 10 Swiss banks: report
ZURICH (Reuters) - U.S. authorities now have statistical data from the ten Swiss banks being investigated by the United States for helping U.S ...
Fri, September 09, 2011
U.S. readies papers v. Swiss banks on tax evasion
By Lynnley Browning
(Reuters) - The United States is drafting legal documents that seek to force nearly a dozen Swiss banks and international banks with ...
Fri, September 09, 2011
Exclusive: U.S. probes Liechtenstein bank on tax dodge work
By Lynnley Browning
(Reuters) - Federal prosecutors in New York are building a criminal-fraud case against Liechtenstein's oldest bank, Liechtensteinische Landesbank, that could result ...
Thu, September 08, 2011
Analysis: Payroll tax cuts seen doable, but boost modest
By David Lawder
WASHINGTON (Reuters) - The one component of President Barack Obama's jobs plan most likely to win approval in Congress -- payroll tax ...
Thu, September 08, 2011
Amazon sales tax deal in California may help rivals
By Alistair Barr
SAN FRANCISCO (Reuters) - Amazon.com Inc's agreement to start collecting sales tax in California next year may help brick and ...
Thu, September 08, 2011
Amazon sales tax deal in California may help rivals
By Alistair Barr
SAN FRANCISCO (Reuters) - Amazon.com Inc's agreement to start collecting sales tax in California next year may help brick and ...
Thu, September 08, 2011
California Governor Brown's tax, jobs plan advances
SAN FRANCISCO (Reuters) - California Governor Jerry Brown said on Thursday he has bipartisan backing in the state Assembly for a plan to rewrite a ...
Thu, September 08, 2011
Republicans on super committee urge tax reform
WASHINGTON (Reuters) - The congressional "super committee" on deficit reduction should consider comprehensive tax reform, two Republican members of the panel said on Thursday at ...
Wed, September 07, 2011
California may give Amazon year-long tax reprieve
SAN FRANCISCO (Reuters) - California lawmakers rushed to write a bill to give Amazon.com Inc a one-year reprieve from collecting certain sales taxes in ...
Wed, September 07, 2011
House Democrats eye super committee tax options
By Richard Cowan and Kevin Drawbaugh
WASHINGTON (Reuters) - A menu of tax reform ideas was being reviewed by Democrats ahead of Thursday's first ...
Tue, September 06, 2011
Defense cuts spat clouds deficit panel debate
By Richard Cowan and Kevin Drawbaugh
WASHINGTON (Reuters) - On the first day of work on Thursday for a "super committee" charged with finding $1 ...
Sun, September 04, 2011
Swiss to deliver some bank data over tax row: report
ZURICH (Reuters) - Switzerland is set to partially meet a U.S. ultimatum and deliver an estimate of the amount of assets held by U ...
Thu, September 01, 2011
Amazon offers California jobs if it drops tax
By Jim Christie
SAN FRANCISCO (Reuters) - Amazon.com Inc has proposed a hiring spree of 7,000 jobs in California if state leaders put ...
Thu, September 01, 2011
Companies shift losses to high-tax countries to trim taxes
By Lynnley Browning
(Reuters) - For nearly two decades, global corporations have increasingly shifted trillions of dollars in worldwide profits to low-tax countries across the ...
Thu, September 01, 2011
Roberts hit with tax bill
State officials in California filed a tax lien for $23,714 (£14,821) against Julia Roberts' brother last year (10), and he was slapped ...
Wed, August 31, 2011
Leap unveils plan to protect tax benefits
NEW YORK (Reuters) - Leap Wireless
Wed, August 31, 2011
Motorola deal offers Google tax, patent benefits
By Lynnley Browning and Nanette Byrnes
FAIRFIELD, Conn./CHAPEL HILL, North Carolina (Reuters) -- Google Inc's blockbuster acquisition of Motorola Mobility Holdings Inc will ...
Wed, August 31, 2011
Roberts hit with tax bill
State officials in California filed a tax lien for $23,714 (£14,821) against Julia Roberts' brother last year (10), and he was slapped ...
Tue, August 30, 2011
JBS to shift ops around Brazil, eyes tax savings
SAO PAULO (Reuters) - The world's largest beef producer, Brazil's JBS
Tue, August 30, 2011
Feldman facing tax bill
The actor is president of Corey Feldman Inc., a company he established in 1987, and Internal Revenue Service (IRS) bosses filed a lien against ...
Mon, August 29, 2011
Feldman facing tax bill
The actor is president of Corey Feldman Inc., a company he established in 1987, and Internal Revenue Service (IRS) bosses filed a lien against ...
Sun, August 28, 2011
France eyes financial transaction tax deal at G20
PARIS (Reuters) - France wants concrete results for a controversial international tax on financial transactions at November's G20 summit of leading economies, Finance Minister ...
Sun, August 28, 2011
Feldman facing tax bill
The actor is president of Corey Feldman Inc., a company he established in 1987, and Internal Revenue Service (IRS) bosses filed a lien against ...
Sat, August 27, 2011
Feldman facing tax bill
The actor is president of Corey Feldman Inc., a company he established in 1987, and Internal Revenue Service (IRS) bosses filed a lien against ...
Fri, August 26, 2011
Swiss kickstart talks with U.S. to settle tax probe
By Emma Thomasson
ZURICH (Reuters) - Switzerland has made a proposal to try to kickstart talks to settle its impasse with U.S. authorities over ...
Fri, August 26, 2011
Rhys-Davies hit with massive tax bill
Internal Revenue Service (IRS) bosses filed a tax lien against the Welsh actor with the Los Angeles County Recorder of Deeds last month (Jul11 ...
Thu, August 25, 2011
California governor eyes jobs with tax credits
SAN FRANCISCO (Reuters) - Aiming to spark job growth in California, Governor Jerry Brown unveiled on Thursday proposals for tax breaks for businesses, including tax ...
Thu, August 25, 2011
Rhys-Davies hit with massive tax bill
Internal Revenue Service (IRS) bosses filed a tax lien against the Welsh actor with the Los Angeles County Recorder of Deeds last month (Jul11 ...
Fri, August 19, 2011
Nation's largest tax-free weekend gets underway in Texas
By Jim Forsyth
SAN ANTONIO (Reuters) - Doorbuster specials. Stores open at 12:01 a.m. Mall parking lots jammed. It's not Black Friday ...
Thu, August 18, 2011
Analysis: Critics say new law makes them tax agents
By Lynnley Browning
NEW YORK (Reuters) - A U.S. law meant to snuff out billions of dollars in offshore tax evasion has drawn the ...
Thu, August 18, 2011
U.S. needs to reform corporate tax, GE CEO says
By Scott Malone
HANOVER, New Hampshire (Reuters) - The United States needs to reform its corporate tax code and should consider eliminating all loopholes that ...
Thu, August 18, 2011
Banks scorn Franco-German transaction tax proposal
By Edward Taylor and Harro ten Wolde
FRANKFURT (Reuters) - Banks operating in the European Union dismissed a Franco-German proposal for a tax on financial ...
Mon, August 15, 2011
Buffett higher tax call strikes a nerve
By Ben Berkowitz
NEW YORK (Reuters) - Warren Buffett has touched a national nerve.
The 80-year-old "Oracle of Omaha," one of the world's three ...
Sun, August 14, 2011
Switzerland likely to strike tax deal with Britain soon: source
ZURICH (Reuters) - Switzerland's banking association head is hopeful the country will finalize a tax deal with Britain in the coming weeks, Patrick Odier ...
Sat, August 13, 2011
Merkel and Sarkozy offer no miracle cure for euro
By Noah Barkin
BERLIN (Reuters) - Plans from France and Germany to move toward fiscal union in 2012 got a chilly response from other euro-zone ...
Fri, August 12, 2011
Congress faces tough decisions on gasoline tax
By Richard Cowan
WASHINGTON (Reuters) - A multibillion-dollar gasoline tax to maintain U.S. highways and mass transit will be in jeopardy when Congress resumes ...
Fri, August 12, 2011
Italy delivers tough austerity measures
By James Mackenzie and Gavin Jones
ROME (Reuters) - Prime Minister Silvio Berlusconi announced a painful mix of tax increases and spending cuts on Friday ...
Thu, August 11, 2011
Exclusive: Republican Dave Camp rules nothing out for debt panel
By Donna Smith
WASHINGTON (Reuters) - A leading Republican lawmaker would not rule out tax increases on Thursday if they fostered economic growth, adding that ...
Wed, August 10, 2011
'Tis the season -- for tax-holiday shopping
By Debbie Swanson
WESTFORD, Mass (Reuters) - Massachusetts has been dubbed "Taxachusetts" by critics of the state's taxes but at least for this weekend ...
Tue, August 09, 2011
Republican tax hardliners on debt super panel
By Kevin Drawbaugh and Donna Smith
WASHINGTON (Reuters) - Republicans named their six members Wednesday to a congressional deficit-reduction super committee, including a favorite of ...
Mon, August 08, 2011
American estate-tax crusader sees a good fight ahead
By Nanette Byrnes
CHAPEL HILL, North Carolina (Reuters) - It has been a good year for Dick Patten, the leading opponent of estate taxes in ...
Thu, August 04, 2011
Obama proposes tax credits for hiring veterans
By Laura MacInnis
WASHINGTON (Reuters) - President Barack Obama on Friday proposed $120 million in new tax credits for businesses that hire U.S. veterans ...
Thu, August 04, 2011
Factbox: Top contenders for budget/tax super committee
(Reuters) - Here is a list of lawmakers seen by analysts and congressional aides as some of the front-runners for selection to a 12-member budget-and-tax ...
Mon, August 01, 2011
Analysis: Storms ahead as debt deal sets up tax fight
By Kevin Drawbaugh
WASHINGTON (Reuters) - If Congress passes the debt ceiling deal by Tuesday, as expected, it could trigger a battle over tax reform ...
Mon, August 01, 2011
Obama to keep pushing payroll tax cut extension
WASHINGTON (Reuters) - President Barack Obama will continue to push for an extension of the payroll tax cut despite that not being part of a ...
Mon, August 01, 2011
Kodak adopts plan to protect tax benefits
By Liana B. Baker
NEW YORK (Reuters) - Eastman Kodak
Sun, July 31, 2011
For Obama, Bush tax cuts shadow further debt talks
By Jeff Mason
WASHINGTON (Reuters) - The White House has one important tool in its arsenal to influence congressional talks over further deficit reduction measures ...
Sun, July 31, 2011
White House: expiry of Bush tax cuts to spur reform
WASHINGTON (Reuters) - White House officials said on Sunday the spending cuts laid out under a new deficit deal would not take effect until 2013 ...
Fri, July 29, 2011
Senator supports online sales tax reform
WASHINGTON (Reuters) - Cash-strapped states seeking to collect billions in taxes from online transactions gained an ally in Washington on Friday when a senator introduced ...
Thu, July 28, 2011
Microsoft: Tax review may have significant impact
LOS ANGELES (Reuters) - Microsoft Corp warned on Thursday that a government review of its U.S. tax obligations in past years could significantly affect ...
Thu, July 28, 2011
Microsoft: Tax review may have significant impact
LOS ANGELES (Reuters) - Microsoft Corp warned on Thursday that a government review of its U.S. tax obligations in past years could significantly affect ...
Thu, July 28, 2011
Analysis: Mortgage tax break eyed to help cut debt
By Margaret Chadbourn
WASHINGTON (Reuters) - Lawmakers are eyeing a popular tax deduction for mortgage interest as they look for ways to fill record budget ...
Wed, July 27, 2011
Insight: Microsoft use of low-tax havens drives down tax bill
By Lynnley Browning
FAIRFIELD, Connecticut (Reuters) - If you want to know why tax from surging corporate profits isn't making much of a dent ...
Wed, July 27, 2011
CEOs say yes to Congress on removing tax breaks
WASHINGTON (Reuters) - The CEO of Wal-Mart Stores Inc. and other major U.S. employers told Congress on Wednesday they would be willing to give ...
Wed, July 27, 2011
Two senators tell airlines not to "pocket" tax
WASHINGTON (Reuters) - Airlines should not "pocket" revenue from a passenger tax that has lapsed during a partial aviation shutdown, two U.S. Senate transportation ...
Mon, July 25, 2011
Airlines raise fares as taxes lapse
By Karen Jacobs
ATLANTA (Reuters) - Many airlines have raised fares in recent days to take advantage of a lapse in U.S. ticket tax ...
Mon, July 25, 2011
Anti-tax group evacuates office after threat
WASHINGTON (Reuters) - Police evacuated the office of anti-tax lobbyist Grover Norquist in Washington on Monday after a caller phoned his office with a bomb ...
Sun, July 24, 2011
Credit Suisse unlikely to get help over U.S. tax probe
ZURICH (Reuters) - Switzerland's parliament would not vote for a second tax treaty to help settle U.S. charges that Credit Suisse bankers helped ...
Wed, July 20, 2011
China 3G nuclear equipment importers can apply for tax exemption
BEIJING (Reuters) - Chinese importers of equipment and raw materials used in the construction of third-generation nuclear power plants can apply for tax exemption, a ...
Tue, July 19, 2011
Amid local debt worries, China's tax revenue surges 30 percent
BEIJING (Reuters) - China's tax revenues in the first half of the year surged 29.6 percent from a year earlier to 5 trillion ...
Sun, July 17, 2011
U.S. abandons tax deal talks with Switzerland: report
ZURICH (Reuters) - The United States has ended talks with Switzerland aimed at settling a row over investigations into Swiss banks accused of helping Americans ...
Fri, July 15, 2011
senate bill would kill stock option tax break
By Kevin Drawbaugh
WASHINGTON (Reuters) - A tax code loophole that gives corporations large deductions on executive stock options would be closed under legislation unveiled ...
Fri, July 15, 2011
Obama rejects $2.4 trillion plan without tax hikes
WASHINGTON (Reuters) - President Barack Obama on Friday said he would not support a $2.4 trillion plan to reduce the federal deficit without some ...
Thu, July 14, 2011
IRS to phase in new anti-tax evasion law
WASHINGTON (Reuters) - Foreign financial institutions will get more time to comply with a new law to prevent offshore tax evasion by Americans under a ...
Wed, July 13, 2011
States' sales tax growth slows in June: report
WASHINGTON (Reuters) - State sales tax revenues grew slowly in June, with an average gain of only 2.1 percent, according to a report released ...
Wed, July 13, 2011
Wisconsin Pays Reciprocity Debt To Minnesota
UNDATED (KDAL) - The state of Wisconsin has settled an old tax reciprocity debt that was owed to Minnesota. Wisconsin paid nearly 60 million dollars ...
Tue, July 12, 2011
Amazon seeks ballot measure to undo California tax
SAN FRANCISCO (Reuters) - Amazon.com Inc has taken the first step toward asking California voters to repeal a new law requiring websites that forward ...
Mon, July 11, 2011
Cantor hopeful of deal, opposed to tax hike in 2013
WASHINGTON (Reuters) - House of Representatives Republican leader Eric Cantor said on Monday he was hopeful that both sides could come together on a bipartisan ...
Thu, July 07, 2011
Tax hike, amnesty plan boost Illinois revenue
By Karen Pierog
CHICAGO (Reuters) - Illinois' fiscal 2011 revenue jumped nearly $3.4 billion over fiscal 2010 collections due mainly to a big income ...
Thu, July 07, 2011
Senate deal would axe $6 billion ethanol tax credit
By Timothy Gardner
WASHINGTON (Reuters) - Three senators reached a deal on Thursday to repeal the $6 billion per year ethanol tax credit by the ...
Thu, July 07, 2011
Tax reform on the table in debt talks: Boehner
WASHINGTON (Reuters) - Comprehensive tax reform that would close breaks and lower rates for businesses and individuals is under discussion in budget talks, House of ...
Thu, July 07, 2011
Cantor says hopes both sides can come together on debt
WASHINGTON (Reuters) - House of Representatives Republican leader Eric Cantor said on Thursday he believed "both sides can come together" to reduce the debt.
Cantor ...
Tue, July 05, 2011
NY property-tax cap may hit cash-poor cities: report
By Joan Gralla
NEW YORK (Reuters) - New York state's new property-tax cap might further pressure counties, cities, towns and school districts already struggling ...
Sat, July 02, 2011
Obama expects "bottom lines" on debt limit on Sunday
WASHINGTON (Reuters) - Congressional leaders are still far apart on a wide range of budget issues but agree on the need to raise the debt ...
Thu, June 30, 2011
Amazon protests California Web-sales tax plan
NEW YORK (Reuters) - Amazon.com Inc warned its 10,000-plus California sales affiliates on Wednesday that it may be forced to sever ties with ...
Mon, June 27, 2011
Kocherlakota: Recent easing hurts Fed credibility
By Ann Saphir
SIDNEY, Montana (Reuters) - Recent Federal Reserve moves aimed at bolstering a slow but intact recovery reduce the central bank's credibility ...
Fri, June 24, 2011
New Jersey Democrats propose millionaires' tax
By Edith Honan
NEW YORK (Reuters) - New Jersey's senate majority leader proposed on Friday that the state spend $1 billion more on education ...
Fri, June 10, 2011
California Senate OKs budget, tax bill fails
SAN FRANCISCO (Reuters) - California's state Senate approved on Friday a budget plan that would close the state's nearly $10 billion deficit but ...
Fri, June 10, 2011
California tax bill for budget fails to pass Senate
SAN FRANCISCO (Reuters) - California's state Senate failed on Friday to approve a tax bill to help fund a budget plan it approved earlier ...
Fri, June 10, 2011
New York court rules private lap dances not tax exempt
NEW YORK (Reuters) - A private lap dance is not tax exempt, a New York court has ruled after a gentleman's club near the ...
Fri, June 10, 2011
Jefferson County tax bill dies in Alabama senate
By Verna Gates
BIRMINGHAM, Alabama (Reuters) - Alabama's troubled Jefferson County suffered another financial blow as the state legislature failed to pass a bill ...
Thu, June 09, 2011
White House mulls payroll tax break for business
WASHINGTON (Reuters) - The White House is considering a temporary cut in payroll taxes that employers pay on wages, an administration official said Thursday, as ...
Wed, June 08, 2011
Prisoners, dead people got car tax break: report
By Kevin Drawbaugh
WASHINGTON (Reuters) - Prisoners, dead people and children qualified for a 2009 tax break to spur car buying, according to a U ...
Mon, June 06, 2011
California urged to sell its unpaid tax bills
SAN FRANCISCO (Reuters) - California should sell its claims to unpaid taxes to the private sector to raise money to bolster its finances, a state ...
Thu, June 02, 2011
Japan panel: need to double sales tax by 2015 for welfare
By Stanley White
TOKYO (Reuters) - A Japanese government panel on Thursday recommended doubling the country's sales tax in stages over the next four ...
Wed, June 01, 2011
Thirty companies paid no U.S. income tax 2008-2010: report
By Kevin Drawbaugh
(Reuters) - Thirty large and profitable U.S. corporations paid no income taxes in 2008 through 2010, said a study on Thursday ...
Fri, May 27, 2011
Dayton In Duluth To Explain Budget Vetoes
DULUTH, Min. (KDAL) - Since the regular legislative session ended on May 23rd, the leaders of the Republican majority, the Democratic minority and Governor Dayton ...
Tue, May 24, 2011
Legacy Bill Would Benefit Duluth
ST. PAUL, Min. (KDAL) - The Minnesota Senate passed the Legacy amendment bill on Tuesday which allocates money collected from the dedicated sales tax approved ...
Mon, May 09, 2011
Minnesota Budget Battle Deadline Gets Closer
ST. PAUL, Min. (MNN) - Taxes remain at the center of the battle between Republicans and Governor Dayton, with just two weeks to finish the ...
Mon, May 02, 2011
3 Weeks Left In Minnesota Legislative Session
ST. PAUL, Min (MNN) - There are now three weeks left in the Minnesota legislative session with no sign of agreement between Governor Dayton and ...
Fri, April 29, 2011
Several Constitutional Changes Could Make Minnesota Ballot
ST. PAUL, Min. (MNN) - The number of constitutional amendments the Republican-controlled Minnesota Legislature could put on the ballot in 2012 is building. So far ...
Thu, April 28, 2011
Minnesota And Wisconsin Tuition and Tax Reciprocity Issues
UNDATYED (MNN) - The college tuition reciprocity agreement between Minnesota and Wisconsin is tilting in Minnesota's favor -- at least in the last reporting period ...
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