President Barack Obama will once-again try to right the nation's fiscal ship of state by proposing a new tax levy for U.S. taxpayers whose income exceeds $1 million per year. Congressional Republicans have already said they're opposed to the levy, but it remains to be seen whether that latter view will hold amid a public that wants upper-income groups to pay more in taxes.
Amazon.com has offered to create 7,000 jobs in the company's California distribution centers if lawmakers agree to put a recently enacted online sales tax law on hold until 2014.
Republicans in the House of Representatives want to create jobs by killing regulations on companies and passing tax breaks for small business and government contractors, Majority Leader Eric Cantor said on Monday.
With momentum building for the 'Gang of Six' debt plan, all eyes will be on a little-known but pivotal Washington institution -- the Congressional Budget Office (CBO), the nonpartisan agency that provides program and fiscal forecasts to the U.S. Congress.
Giant online retailer Amazon.com has ended its relationship with some 10,000 internet business partners while Overstock also severed a couple hundred business relationship in California, in order to avoid state taxes that Gov. Jerry Brown signed.
Will Michele Bachmann win the Republican presidential nomination thanks to her core strengths of ultra hardcore religiosity, die hard support of the Christian orthodoxy and vociferous backing of the Tea party cult? Or will she wither away as the nomination fight gets tougher and the Republicans zero in on the electability of their candidate in 2012?
Rep. Michele Bachmann, R-MN, who is expected to announce her bid for the Republican Party's nominee for U.S. President on Monday, said Sunday she would consider it insulting to be called a flake adding that she is as serious person.
Almost five years ago, in A New Book on Taxation of Residence Sales: Don't Leave Home Without It, I reviewed Julian Block’s HOME SELLER’S GUIDE TO TAX SAVINGS.”
Alchico Grant and Melinda Clayton were indicted by a federal grand jury in the Middle District of Alabama on a variety of charges stemming from an identity theft and tax fraud scheme, the Department of Justice, U.S. Attorney Leura G. Canary and the Internal Revenue Service (IRS) have announced.
Two former Washington D.C. tax preparers have been indicted on tax charges, the Justice Department and Internal Revenue Service (IRS) has announced.
Talks on how to approach U.S. corporate tax reform are stirring to life again as Republican House majority leader Eric Cantor backed of push to give multinational companies a break on money imported to the U.S. from their subsidiaries owned in other countries.
Cash-strapped Los Angeles voted on Tuesday to impose a five percent tax on medical marijuana dispensaries, a measure that will raise $10 million a year.
Here's a look at the top 10 tax scandals of the rich and the famous.
Foreign banks have not gotten the message when it comes to helping American clients avoid paying taxes, a top U.S. tax prosecutor said on Thursday.
Nobel laureate Muhammad Yunus has been removed from his position as head of microlender Grameen Bank, Bangladesh's central bank said on Wednesday, but Grameen said he remained in charge.
China has decided to cut income taxes for middle-income residents by raising the threshold for income tax payments, China's cabinet said on Wednesday, but did not give any details on the size of the tax cut.
Citigroup Inc could write down some $5 billion to $10 billion in expected future tax benefits if the United States decreases corporate tax rates, veteran banking analyst Mike Mayo estimated on Monday.
Italian Prime Minister Silvio Berlusconi, mired in a prostitution scandal, faces a tax fraud trial on Monday, the first of four court cases that will bring his legal woes back into the spotlight over coming months.
Mark Ciavarella, the former Pennsylvania judge who was convicted of racketeering and tax fraud last Friday, has been called a 'scumbag' by a grieving mother whose son committed suicide last year.
The jury deliberations in the trial of Mark Ciavarella, a former Pennsylvania judge who has been charged with racketeering, fraud, money laundering, extortion, bribery and federal tax violations, will resume on Friday.
Michigan Governor Rich Snyder on Thursday unveiled a plan that includes $1.8 billion in budget cuts and seeks to replace the state's business tax with a flat 6 percent corporate income tax.
The debate over overhauling the U.S. corporate tax system will have to include whether to cut taxes on profits earned abroad, a Treasury Department official said on Thursday. Michael Mundaca, assistant Treasury secretary for tax policy, a White House point man on revamping the corporate tax code, also said that corporate tax reform could be done before individual tax reform.
