Tax News

May

Amazon poised to get a cut of California sales taxes - Los Angeles Times

2012-05-19

Amazon poised to get a cut of California sales taxesLos Angeles TimesEager to host Amazon warehouses and receive a cut of the tax on sales to customers statewide, two California cities are offering Amazon most of the tax money they stand to gain. Workers push carts full of merchandise at an Amazon fulfillment center in ...

May

Will Facebook Reduce Taxes By Going International? - Mashable

2012-05-19

Sydney Morning HeraldWill Facebook Reduce Taxes By Going International?MashableWill Facebook follow in his footsteps by funneling money through international subsidiaries to maneuver around the American tax code? The recently-gone-public social network could set up small satellite officies in countries with comparatively low tax ...Tax History: Why US Pursues Citizens OverseasWall Street Journal (blog)Eduardo Saverin controversy: Slam the door on tax refugeesLos Angeles TimesRush Limbaugh Defends Facebook Co-Founder Eduardo Saverin Over Tax AllegationsHuffington PostSan Francisco Chronicle -MarketWatch -Washington Postall 735 news articles »

May

Must veto tax bill - Kansas.com

2012-05-20

Kansas.comMust veto tax billKansas.comAnimosity and dysfunction at the Legislature led to both chambers' passage of a tax-reform bill that makes no fiscal sense whatsoever. Now, for the love of Kansas, Gov. Sam Brownback must veto it. Admittedly, that's unlikely, given his Friday statement ...Kan. Lawmakers Unable To Find Smaller Tax Cut PlanWIBWCompromise tax plan still eludes Kansas lawmakersKansas City StarKan. legislative leaders declare end to tax cut debate; gov. praises ...The RepublicTopeka Capital Journal -KMBC Kansas City -NTVall 175 news articles »

May

Income tax-cutting proposal faces stiff test in Oklahoma House - NewsOK.com

2012-05-20

Income tax-cutting proposal faces stiff test in Oklahoma HouseNewsOK.comBY MICHAEL MCNUTT | Published: May 20, 2012 Leave a comment House Republicans unhappy with a proposed income tax-cutting measure could derail the plan by ganging up with House Democrats and vote to kill the measure this week.GOP plan to cut taxes for 54 percent of OklahomansCBS NewsMajority of Oklahomans would owe less under income-tax proposalTulsa WorldOklahoma Democrats Call Proposed Tax Cuts 'Irresponsible'News On 6Edmond Sun -news9.com KWTV -StateImpact Oklahomaall 32 news articles »

May

Should we raise taxes on Wall Street? - Washington Post (blog)

2012-05-19

Should we raise taxes on Wall Street?Washington Post (blog)The idea, admits tax lawyer Lee Sheppard, would prompt bankers to “look at you balefully, like you just ran over their dog.” (TIMOTHY A. CLARY - AFP/GETTY IMAGES) But advocates for higher taxes on Wall Street trading hope the proposal gets a second ...Nurses Support Financial Transactions TaxBusiness Insiderall 3 news articles »

May

Another tax lapse adds to the heat on McCaskill - Kansas City Star

2012-05-19

Kansas City StarAnother tax lapse adds to the heat on McCaskillKansas City StarBy STEVE KRASKE Only seven months after critical news stories about unpaid taxes on a private airplane, US Sen. Claire McCaskill was late paying property taxes on her Washington, DC, condominium. Records show that the Missouri Democrat missed the fall ...

May

Obama pursues higher tax rates, growth be damned - Washington Examiner

2012-05-19

Washington ExaminerObama pursues higher tax rates, growth be damnedWashington ExaminerIn the other countries, the big adjustment has been an increase in tax rates. European "austerity" is an attempt to reduce government budget deficits largely by increasing taxes and only to a small extent by reining in spending.and more »

May

Taking slice out of labor key to Gov. Jerry Brown's tax campaign - San Jose Mercury News

2012-05-19

Taking slice out of labor key to Gov. Jerry Brown's tax campaignSan Jose Mercury NewsJerry Brown's strategy of getting voters to pass his tax hikes in the fall. Though he criticized billionaire Meg Whitman, his GOP rival in 2010, for vowing to cut 40000 workers from the state payroll, Brown himself has rolled back the workforce at a ...and more »

May

Is GOP trying to sabotage economy to hurt Obama? - BusinessWeek

2012-05-19

Kansas City StarIs GOP trying to sabotage economy to hurt Obama?BusinessWeekBoehner, R-Ohio, continues to reject higher tax rates, which Democrats demand from the wealthy. That led Sen. Chuck Schumer, DN.Y., to say Boehner is virtually assuring another debt-ceiling crisis as bad or worse than the one that shook financial ...Budget inaction will result in fiscal stormDayton Daily NewsGOP Speaker Boehner threatens default if spending not cut…GalesburgPlanet.comall 306 news articles »

May

Fate of Bush Tax Cuts Still Unknown - Wall Street Journal

2012-05-19

Fate of Bush Tax Cuts Still UnknownWall Street JournalBy TOM HERMAN Q: I think taxpayers should be told if the Bush tax cuts expire this year.…I would like to know, and I consider myself an average confused taxpayer. A: I agree enthusiastically, and I am surprised more readers haven't expressed outrage ...

May

Lawmakers seek wholesale review of La. tax breaks

2012-05-18

As the Louisiana's budget woes pile up and tax break bills continue to sail through the Legislature, lawmakers are setting the stage for a wholesale review of the billions of dollars in tax exemptions, rebates and credits on the books.

May

Facebook tax loophole draws fire

2012-05-18

Critics of the social networking company's say the company plans to dodge federal income taxes

May

Kim Kardashian And Kris Humphries - Is There A Tax Angle ?

2012-05-19

Julian Block, author of Tax Tips For Marriage and Divorce has provided me with a few brief tips, which I will be posting over the next week. I reviewed his book last week. It turns out the first one he sent me might be of interest to Kim Kardashian. She was married to New Jersey Nets player Kris Humphries for 72 days in 2011 before seeking divorce. He countered by seeking an annulment.

May

NJ tax cut plan may survive despite revenue slump

2012-05-18

The New Jersey Senate's chief budget officer refused Thursday to declare a plan to cut residents' taxes dead, despite reports of a continuing tax collection slump that could trigger hundreds of millions of dollars in spending cuts to balance the state budget.

May

Mo. Senate approves tax credits compromise

2012-05-17

Missouri senators voted Wednesday to authorize new tax credits aimed at attracting college sports tournaments to the state while also moving to cap the amount of incentives available for refurbishing historical buildings.

May

Compromise tax plan still eludes Kansas lawmakers

2012-05-18

Unless lawmakers somehow break their impasse on taxes, it will be up Kansas Gov. Sam Brownback to follow through on his promise.

May

Sales tax income ‘still strong’

2012-05-20

Neosho sales tax revenue was down a little this month compared to the same time last year, but remains ahead of the five year average, and the city is still well above budget.

May

Income tax-cutting proposal faces stiff test in Oklahoma House

2012-05-20

Enough unhappy House Republicans could join with House Democrats to kill the proposal worked out last week by Republican legislative leaders and the Oklahoma governor.

May

Tax History: Why U.S. Pursues Citizens Overseas

2012-05-18

The U.S. is the only developed country that taxes its citizens on their world-wide income, no matter where they live. Here's a history of why.

May

Tax collector race highlights Boxborough elections

2012-05-18

A contest for the position of tax collector highlights the 2012 town elections, along with two new Board of Selectmen candidates who are running uncontested to fill seats being vacated by two incumbents.

May