Economics

Support for Northrop Grumman tax incentives waning in D.C.

The District’s bid to attract the corporate headquarters of Northrop Grumman is unraveling as several D.C.


Microsoft Security Exec Suggests Internet Tax To Pay For 'Computer …

Tank Szuba alerts us to the story about a Microsoft security exec suggesting that it might make sense to implement an internet usage tax to help fund a “computer healthcare system” to fix the notoriously insecure software that his …


The Cavalier Daily | Prepare for tax time and have your taxes …

For starters, we are talking about the income tax here, as opposed to the sales and restaurant taxes you are probably most familiar with, and the estate, gift and generation-skipping transfer taxes that you likely will not have to …


Tax Question Arises Over Sale of an A.I.G. Unit

American International Group ’s efforts to sell one of its biggest life insurance companies to pay back its rescue loans are snagged on a tax issue that may require a special ruling by the Internal Revenue Service , The New York Times’s Mary Williams Walsh and Michael J. de la Merced reported , citing people briefed on the matter.


Tax Bite Prevention

Tax Bite Prevention We’ve all had a chuckle at Ben Franklin’s famous quote that nothing in life is certain but death and.


Japan finmin tests waters for sales tax debate

Japanese Finance Minister Naoto Kan said he was open to debating sales tax reform, suggesting the government may consider raising the tax to help fund its spending programs focused on supporting households.


Open to idea of payroll tax break for jobs: White House

The Obama administration is open to a bipartisan congressional proposal for a payroll tax holiday for employers who hire people who have been out of work for some time, a top White House aide said.


Massachusetts: Sex Change Tax Benefits

The United States Tax Court has ruled that a Massachusetts woman should be allowed to deduct the costs of her sex-change operation in a decision that could have wide-ranging consequences.


McConnell Backs Panel With Focus on Funding Cuts, Not Tax Hikes

Jan. 30 — Senate Republican Leader Mitch McConnell endorsed a deficit-cutting commission that would focus only on reducing spending, including for the Medicare and Social Security programs, and take any tax increases off the table.


UBS Tax Ruling May Prompt Fresh U.S. Legal Battle

A Swiss court ruling that impedes the Internal Revenue Service’s ability to collect data on 4,450 UBS AG accounts may prompt the U.S. to revive a lawsuit that shaped the IRS crackdown on offshore tax evasion.