Sean Parnell says he's not planning to introduce gas-tax legislation at this time. Parnell, in his 2012 State of the State address, set out benchmarks for progress on a major gas pipeline project. He says it's a question of timing and what's required to maintain Alaska's interest in a project.» Read More
Donor-advised funds are rolling in money, but charitable donations are looking almost anemic. Here's why, and what it means for philanthropy.
NEW YORK, Oct 15- New 2013 taxes aimed at high earners could hurt some less-wealthy folks who sell valuable real estate without planning ahead. There's also a new Medicare surtax of 0.9 percent on earned income and a 3.8 percent tax on net investment income, both of which kick in when earnings top $250,000 for married couples and $200,000 for singles.
LONDON, Oct 15- A British charity and a labour union accused Europe's largest pharmacy chain, Alliance Boots, of avoiding over 1.1 billion pounds in UK tax since 2008 and called on the government to change laws which allow such tax planning.
CHICAGO, Oct 11- There's a reason why 401 and individual retirement accounts are called "tax deferred." "RMDs are a double straitjacket," says Christine Fahlund, senior financial planner and vice president of T. Rowe Price Investment Services. " Like it or not, this is the time of year to think about RMDs, since in most cases they must be taken by Dec. 31.
Oct 8- U.S. tax preparer H&R Block Inc is planning to terminate the sale of its banking assets to a unit of Republic Bancorp Inc, sending shares down 6 percent in extended trading. H&R Block in July said it would sell its banking unit to avoid a sharp rise in costs associated with the introduction of stricter banking rules by the U.S.
Google, which has been grilled twice in the past year by a UK parliamentary committee over its tax practices, had a UK tax bill of 35 million pounds ($55 million) in 2012, on sales of $4.9 billion to British customers.
Richard Okuno, Director, GI Capital Securities looks forward to Japan structural reform in TPP negotiations and upcoming tax revisions.
When it's finally time to start drawing down that 529 account, here's how to make sure you take advantage of tax breaks and make smart choices.
*PM Abe's team meets for 1st time on consumption tax discussion. TOKYO, Aug 26- Japan's Nikkei share average was flat in choppy trade on Monday morning as concerns about whether the government will raise the consumption tax as planned kept most investors sidelined, while real estate stocks and construction shares gained.
Massachusetts Treasurer Steven Grossman has been getting the state's finances in order—his own are another matter. Grossman may owe more than $500,000 in back taxes.
James Gandolfini, the late actor, appears to have made some key mistakes with his estate planning. Here's how to avoid the same minefields.
The latest jobs report showed that 8.2 million Americans are working part time for economic reasons. An additional 19 million are working part time for other reasons.
A new study ranks states' efforts to provide financial education in high school, and the results aren't pretty. Check your state's grade here.
Postnuptial agreements—similar to prenups, but for married couples—are on the rise, with growing acceptance and DOMA changing the marriage landscape.
Gavin Pluck, European director of Guardian Wealth Management, tells CNBC why those who work abroad stand to lose the most when the retirement time bomb goes off.
Chas Roy-Chowdhury, Head of Taxation at ACCA tells CNBC's Cash Flow why he thinks the global tax system encourages MNCs to keep their profits offshore.
At issue in the case were the estate taxes a New York lesbian widow owed upon her wife Thea Spyer's death in 2009. Because they were gay, surviving spouse Edith Windsor missed out on a lucrative tax break- the exemption from the federal estate tax on wealth passed from one spouse to another.
An investigation into the tax affairs of Cadbury's – known for its philanthropic ethos – has uncovered tax avoidance schemes former senior executives admit were “highly aggressive”, the FT reports.
WASHINGTON, June 20- Next week the Supreme Court is widely expected to hand down a ruling that will confer federal recognition on state-sanctioned same-sex marriages. If that ruling comes down as anticipated, it will send some gay and lesbian couples to the altar- but it is likely to send even more to financial planners, trust attorneys and tax accountants.
British electricity prices may be almost double those in Germany within three years due largely to the impact of a new tax aimed at supporting renewable power generation.