Tax law

A report by KSE Partners finds Nebraska paying a whopping 23.69 percent in taxes on their wireless bills, while wireless consumers face the lowest burdens in Oregon with 6.86 percent.

New York City's bank tax collections ran 48 percent above a year-ago, one of several taxes whose encouraging performance might give Mayor Michael Bloomberg some extra cash to spend in next year's budget.

The newly-elected governor of Connecticut, Democrat Daniel P. Malloy, has presented a budget for fiscal 2012 that will increase state income and sales tax by $1.5 billion.

The Romanian government has proposed a new bill under which people who practice witchcraft can be fined or even imprisoned if their predictions do not come true.

Wealthy tax evaders with assets stashed offshore can come clean with U.S. authorities under a new amnesty program with reduced penalties, the government said on Tuesday.

President Barack Obama stepped up efforts to woo the U.S. business community on Monday, seeking its help to tackle burdensome corporate taxes in a speech to a business group that has long been a fierce critic.

A pair of Democratic Senators have called on their colleagues to stop a pair of bills expected to pass in the House of Representatives prohibit federal funds to be used to subsidize abortion providers.

Italian Prime Minister Silvio Berlusconi, fighting a possible trial for sex with an under-age prostitute, faces another threat this week with a showdown over local tax that could further damage his struggling government.

President Barack Obama will broadly discuss issues related the accounting debate about tax cuts and spending at his State of the Union address on Monday, a White House spokesman said Monday.

In a speech to about 300 reporters in Paris today, Sakozy said the G20’s aim is to reduce volatility in the commodities and currencies markets by broadening the role of the International Monetary Fund (IMF) and to smooth out the current imbalance of power in global economic governance.

The U.S. national debt is growing fast and will require massive tax hikes if Congress doesn't act to cut federal spending, Republican lawmakers warned on Thursday.

The American Opportunity Tax Credit is expected to benefit 9.4 million college students in the country in 2011

A Detroit-based strip club owner has pleaded guilty to using computer software program to delete the club's sales and under-report the income at his two strip clubs to cheat the government on his taxes.

WikiLeaks will probably not release any sensitive information it obtains from Swiss bank renegade Rudolf Elmer, according to press reports citing WikiLeaks boss Julian Assange and others sources connected to Elmer.

A federal court has granted a permanent injunction, barring a Pembroke Pines, Florida woman from preparing federal income taxes for others after federal investigators found she falsely claim tax credits and deductions, including the first-time-homebuyer credit, for her customers.

A federal grand jury has indicted five people in connection with an identity theft and tax fraud conspiracy in the Middle District of Alabama, the Department of Justice (DOJ) and the Internal Revenue Service (IRS) has announced.

President Barack Obama defended his compromise with Republicans on extending tax cuts for wealthier Americans, saying it was urgent to keep millions of Americans from losing unemployment insurance payments.

With a deal announced between the Obama administration and Congressional Republicans to extend the Bush-era tax cuts for everyone, including the nation's most wealthy, and to extend unemployment insurance for millions of out-of-work Americans, at least one organization concerned with the nation's finances is reminding everyone that such bargains are no bargain for the burgeoning national debt.

Global law firm Freshfields Bruckhaus Deringer has boosted its tax practice by appointing London-based Colin Hargreaves as its new global head of tax.