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Tax Planning

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  • MGM Resorts' shareholder pushes for REIT conversion Tuesday, 17 Mar 2015 | 11:31 AM ET

    Shares of MGM, which operates destination resorts like the Bellagio, MGM Grand and the Mirage, rose as much as 9.9 percent in morning trading. MGM would join a pool of companies looking to spin off their real estate assets into REITs to save taxes. Land and Buildings, which declined to disclose its stake in MGM, said it intends to nominate four candidates to the...

  • Are you paying too much in taxes?   Friday, 13 Mar 2015 | 9:00 AM ET
    Are you paying too much in taxes?

    CNBC consumer reporter Kelli Grant gives viewers tips on how to avoid paying too much in taxes.

  • LONDON, March 7- Britain's finance minister, George Osborne, is planning to introduce a new "diverted profits tax" targeting multinational companies judged to have shifted profits overseas to avoid tax, the Sunday Times newspaper reported, citing government sources. Google Inc, Amazon.com Inc and Facebook Inc are among companies that have been widely...

  • Senator Marco Rubio, a likely Republican presidential candidate in 2016, on Wednesday unveiled a plan to reduce taxes for multinational corporations and parents, but it would widen federal budget deficits without cuts to popular health and retirement programs. The Florida senator's tax plan, introduced with Utah Republican Senator Mike Lee, would close...

  • The 7 taxes we hate the most Tuesday, 3 Mar 2015 | 11:19 AM ET
    Taxes 1040 financial advisor

    While Gallup has found half of us feel we paid too much in taxes in 2014, some taxes are more hated than others, the Fiscal Times reports.

  • COLUMN-Prepare to wait for U.S. tax help Monday, 2 Mar 2015 | 8:00 AM ET

    The problems start with the fact that the IRS has cut nearly 12,000 positions as its budget has fallen by an inflation-adjusted 17 percent since 2010.. In addition, the IRS changed the rules on how repairs to tangible property are treated, requiring accounting changes for businesses, including landlords, that own real estate and equipment.

  • It's depressing, "said fraud expert Avivah Litan, vice president and analyst for Gartner Research. The Federal Bureau of Investigation is investigating how fraudulent returns were filed in 19 states through TurboTax software, the Wall Street Journal reported on Wednesday. Social Security numbers, answers to security challenge questions and other private...

  • That is good news for patching up household balance sheets damaged by years of lost employment and savings, and also for boosting future Social Security benefits. Social Security is a benefit you earn through work and payroll tax contributions. Your Social Security benefit is calculated using a little-understood formula called the Primary Insurance...

  • COLUMN-Why identity thieves are targeting your tax return Wednesday, 11 Feb 2015 | 4:49 PM ET

    It's depressing, "said fraud expert Avivah Litan, vice president and analyst for Gartner Research. The Federal Bureau of Investigation is investigating how fraudulent returns were filed in 19 states through TurboTax software, the Wall Street Journal reported on Wednesday. Social Security numbers, answers to security challenge questions and other private...

  • NEW YORK, Feb 10- Canadians who normally head south of their border for warmer weather are keeping closer track of their time in the United States because if they stay too long, they could lose their Canadian health benefits and might owe U.S. income tax. Just last year, the two countries implemented an agreement to scan passports and share the information, meaning...

  • Detroit property tax bills set to dip Wednesday, 28 Jan 2015 | 5:58 PM ET

    Jan 28- Detroit homeowners will see a slight dip in their property taxes due by Aug. 31, the mayor's office said on Wednesday, noting the city's plan to recover from bankruptcy already accounts for a drop in the tax collections this year. Detroit, which emerged from bankruptcy late last year, is reassessing the values of real estate that are used in determining tax...

  • *He is Hong Kong's top tax payer for 5 years- report. HONG KONG, Jan 22- In late summer 2014, as mass protests rocked central Hong Kong, Canning Fok sat in his office quietly planning a business overhaul that would make his boss Li Ka- shing, Asia's richest man, richer still. After Li revealed the fruits of Fok's labour on Jan. 9, describing it as a "watershed" moment in the...

  • Breaking down President Obama's tax plan   Tuesday, 20 Jan 2015 | 8:03 AM ET
    President Barack Obama speaking

    Jason Furman, Council of Economic Advisers, provides a preview of President Obama's State of the Union address on Tuesday night where he is expected to talk about tax reform.

  • Tax time! What you should know   Tuesday, 20 Jan 2015 | 6:41 AM ET
    Tax time! What you should know

    Dave Prokupek, Jackson Hewitt, explains what taxpayers need to know to start filing their 2014 taxes and whether to expect delays. Also Prokupek discusses the benefits of filing early.

  • BEIJING, Jan 16- China will keep economic growth in a reasonable range this year and push forward fiscal reforms on taxes and overseas investment, top planning agency said on Friday. The government will take measures to further boost domestic demand in 2015, the National Development and Reform Commission said in a statement. It will also aim to keep stable...

  • Obamacare will affect your taxes this year Tuesday, 6 Jan 2015 | 4:16 PM ET
    An H&R Block tax associate assists a client with her taxes.

    Various factors, including a lack of coverage or whether or not a plan is subsidized, can affect an individual's refund total.

  • Got portfolio losers? Turn them into tax savings Monday, 22 Dec 2014 | 12:59 PM ET
    Farming farm united states

    Some of those losers in your portfolio can save you money at tax time. Here's how to make them work for you.

  • TOKYO, Dec 16- Japan's government is considering lowering the corporate tax rate, one of the highest among major economies, by 2.5 percentage points next fiscal year to increase corporate competitiveness, the Nikkei newspaper reported. Japanese Prime Minister Shinzo Abe had been planning to lower the corporate tax rate over several years to around 20 percent...

  • Hilton Worldwide in talks to buy four hotels - Bloomberg Wednesday, 10 Dec 2014 | 4:25 PM ET

    Dec 10- Hilton Worldwide Holdings Inc is in talks to buy four properties from Blackstone Group LP and others for deferring tax payments from the sale of its Waldorf Astoria hotel in New York, Bloomberg reported. The company is planning to buy San Francisco's Parc 55 Wyndham, two Waldorf Astoria resorts in Key West and one in Orlando, Florida, the report said, citing...

  • The local government had been planning to shut its bus and city train service after the island's Governor Alejandro Garcia Padilla was unable to convince enough members of his party to agree to raise the tax on crude oil by 68 percent. Garcia Padilla said on Sunday that the oil tax increase would cost a typical Puerto Rican family $1.17 a week, while a planned tax...