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Top 10 Most, Least Taxed States For Wireless Bills

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.

NYC bank tax revenue shoots up 48 percent: source

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.

Connecticut governor proposes across-the-board tax hikes to cut budget deficit

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.

ROMANIAN GYPSY WITCHES FORTUNE TELLERS AT A FAIR IN BUCHAREST.

Romanian witches have to pay taxes, abide by bureaucracy

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.

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Tax cuts, spending debate on Union speech agenda

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.

Sarkozy addresses reporters at the G20 and G8 summit

Sarkozy wants tax to discourage speculation in currency/commodity markets

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.

Growing U.S. debt 'mountain' may lead to 'massive' tax hikes

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.

College Students to get tax credits worth $18.2 billion in 2011

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

Detroit-based strip club owner pleads guilty to tax evasion

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.

Swiss bank material won’t be released soon: WikiLeaks

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.

Florida woman accused of claiming false tax credits and deductions, permanently barred from preparing fed IT returns

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 U.S. 1040A Individual Income Tax form is seen at a U.S. Post office in New York

Five indicted in identity theft and tax fraud conspiracy

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.

U.S. President Barack Obama holds a news conference

Obama defends tax deal, says long battle averted

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.

Former Federal Reserve Chairman Paul Volcker.

Tax plan increases deficit, group says

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.

Freshfields appoints Colin Hargreaves to head global tax practice

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