Small beer is perhaps too kind a term for the prosaic proposals being batted around by New York Governor Andrew M. Cuomo's tax reform commission: close loopholes, broaden the base, modernize collection of property taxes, stop taxing retirement income. Show More Summary
WASHINGTON (AP) — Democrats' new mantra in budget talks is to close tax loopholes for certain businesses, investors and professionals as a way to raise more revenue to help ease autopilot spending cuts that soon are to become more painful.
Senate Democrats are circulating a list of a dozen tax “loopholes” they’d like to close as part of a budget package. It is unlikely that Republicans will agree to any of them except as part of broad tax reform, but it is worth taking a quick look at a few on their merits. Some represent […]
Twitter didn't make a bunch of dudes "paper" billionaires today without a helping hand from the government. But Senators John McCain and Carl Levin decided this is the week to burst their IPO bubble. The stock option tax loophole that let Twitter take an estimated $154 million tax deduction, they declare, "ought to be closed." Read more...
How states should tax Internet sales is one of the hottest issues in state legislatures today, as cash-strapped states look to close perceived loopholes and put more money in their coffers. Over the past few years, several states such...Show More Summary
Rep. Paul Ryan (R-WI) With budget negotiations coming up in Congress, Democrats are looking to end sequestration by getting new revenue through sources like closing corporate tax loopholes. However: “If this conference is used as anShow More Summary
A year after closing the "Amazon loophole," California is generating millions in online sales tax revenue. The post California’s Online Sales Tax Is Bringing In Millions Of Dollars appeared first on ThinkProgress.
WASHINGTON (Reuters) - U.S. Treasury Secretary Jack Lew on Thursday said it was "crucial" to close wasteful loopholes in the tax code so the government could invest more in manufacturing and education.
Bloomberg Businessweek, McCain Says Questions Remain as Irish Calm Apple Controversy Forbes, Ireland To Close Apple's Tax Break, Not That It Will Make The Slightest Difference To Anything At All New York Times, Ireland’s Government Says It Will Curb a Tax Strategy That Faced U.S. Scrutiny Reuters, Ireland to Close...
Apple’s luck with the Irish may be about to run out. Bloomberg reports that Irish finance minister Michael Noonan has pledged to change parts of his country’s tax laws that have allowed big tech firms such as Apple and Google to stash profits to avoid paying taxes in other countries. Show More Summary
Ireland will no longer be “holy grail of tax avoidance” but critics say that isn’t enough One-Minute Read LAST UPDATED AT 10:13 ON Wed 16 Oct 2013 Ireland is to close a tax loophole used by Apple to protect $40bn of its profits from taxation. Show More Summary
(Reuters) - Two senior U.S. senators on Tuesday lauded Ireland for its decision to close a loophole used by Apple Inc to shelter over $40 billion from taxation, but stressed questions linger about Dublin's role in corporate tax dodg...
Ireland's Finance Minister Michael Noonan said on Tuesday that he plans to push legislation to close a loophole in the country's corporate tax laws that allows companies like Apple, Google and Microsoft to avoid paying billions of dollars in taxes.
Apple believes it’s the highest taxpayer in the U.S, but the company has still been subjected to intense scrutiny because the majority of its cash isn’t located stateside, but in offshore subsidiaries scattered around the globe. In a U.S. Senate Permanent … Read more › The post Ireland Considers Closing Loophole Used By Apple To Avoid Higher Taxes appeared first on Cult of Mac.
LONDON/DUBLIN (Reuters) - Ireland said on Tuesday it planned to shut down a much-criticized tax arrangement used by Apple Inc to shelter over $40 billion from taxation - but will leave open an even bigger loophole that means the computer giant is unlik...
By state Rep. John Nygren MADISON – A recent study was released regarding the economic impact of closing the online sales tax loophole. The author of the study, Art Laffer, was quoted as saying, “reinvigorating the U.S. economy should be the top priority for federal and state leaders.” I couldn’t agree more. Job creation is...
Matthew Hancock is a happy man now racing's offshore gambling loophole appears to have been closed. The MP whose constituency includes Newmarket - the home of British horse racing- has been arguing that millions of pounds have been lost...Show More Summary
But will closing tax haven loopholes make up for giving businesses a tax break? President Barack Obama is extending a new proposal to Republicans that he hopes will break the political gridlock on budget negotiations, offering to cut corporate tax rates in exchange for job investments. White House officials say just because they’re at an [...]
The bill was drafted to close what is seen as a tax loophole -- one that has allowed online retailers to avoid collecting sales tax. If the bill makes it through the House, President Obama has indicated he will sign it into law.
ENNISKILLEN, Northern Ireland (AP) — World leaders at the G-8 summit have declared that governments must work together to close loopholes that allow multinational companies to avoid paying taxes in their home countries.