U.S. would reap billions from $1 cigarette tax hike
Adding a $1 per pack tax to cigarettes could raise more than $9 billion a year for states, health advocates said on Wednesday, and a poll released with the study shows Americans would support such a tax.
Japan official: ‘Green tax’ needed on fossil fuels
Japan needs a “green tax” on fossil fuels to fight global warming, the country’s environment minister said Wednesday, even as he downplayed chances that upcoming climate talks in Copenhagen will produce a legally binding international agreement.
7,500 tax dodgers apply for IRS amnesty program
Some 7,500 international tax dodgers have applied for an amnesty program that promises no jail time and reduced penalties for tax cheats who come forward, the Internal Revenue Service announced Wednesday.
Plea deal ends ‘Girls Gone Wild’ founder tax case
“Girls Gone Wild” founder Joe Francis pleaded guilty Wednesday to filing false tax returns and will avoid further jail time in a tax case that spanned two states and several years.
Obama Would Keep Tax Breaks for Working Poor Despite Cost
President Obama is proposing to add more than $85 billion to the nation’s budget deficits over the next decade to extend two tax breaks for the working poor, a move critics on Wednesday blasted as a violation of Obama’s pledge to pay for new policies.
Calif. tax officials: Legal pot would bring $1.4B
A bill to tax and regulate marijuana in California like alcohol would generate nearly $1.4 billion in revenue for the cash-strapped state, according to an official analysis released Wednesday by tax officials.
France moves to bring in carbon tax by 2011
The French government on Wednesday kickstarted plans for a so-called carbon tax on energy-hungry products, to be rolled out by 2011 as part of France’s efforts to slash global warming emissions.
