CNBC's Steve Liesman discusses the results of the latest CNBC Fed Survey, which shows that 24 percent of participants believe the Fed will taper QE in September. Brian Peery, Hennessy Funds, weighs in.» Read More
PROVIDENCE, R.I.-- An $8.2 billion state budget proposal is facing its first major test in the Rhode Island General Assembly, and school funding, business tax cuts and a proposal to default on debt relating to 38 Studios could be riding on the outcome. The House Finance Committee is scheduled to debate and vote on the budget proposal Tuesday.
June 18- Over the past few years, Citigroup Inc has been grappling with an unusual problem- how to incur more U.S. taxes.
GENEVA, June 18- Panama has launched a complaint at the World Trade Organization to challenge Colombia over its import tariffs on textiles, apparel and footwear, the WTO said in a statement on Tuesday. Panama also says Colombia wrongly imposes specific duties on the imports in the dispute.
ZURICH, June 18- Switzerland's lower house of parliament has stalled the government's bid to protect the country's banks from criminal charges in the United States for helping wealthy Americans to evade tax.
Corporations have stored an estimated $8.5 trillion in offshore accounts. CNBC's Steve Sedgewick reports on the ideas to bring it back to countries where the companies are located. From the G-8 summit in Northern Ireland.
Lincoln Chafee's call to cut business taxes will all be on the table Tuesday as an $8.2 billion Rhode Island budget proposal heads to a pivotal test in the General Assembly.
Tina Fordham, senior political analyst at Citi, comments on the U.S.'s decision to arm Syrian rebels and says that while leaders agree that tax issues need to be tackled, it will be very difficult for them to agree on a common framework.
BERNE, June 17- The European Union official in charge of tax policy tried to persuade Switzerland on Monday to agree to surrender more information about clients of its big banking industry as part of a drive to combat tax evasion. "Switzerland can gain from a stronger tax agreement with the EU with automatic exchange of information at its core.
*OTP, Magyar Telekom stocks lead losses on stock market. BUDAPEST, June 17- Hungary's government raised taxes on the mostly foreign-owned financial and telecoms sectors on Monday to plug budget holes but also rattling investors who have already experienced three years of unpredictable policies.
SANTIAGO, June 17- Chilean presidential favorite Michelle Bachelet said on Sunday she would gradually hike corporate taxes to 25 percent from their current 20 percent, chiefly to fund an education overhaul, if she is elected to the presidency for a second time this year.
BUDAPEST, June 17- Hungary lifted its financial transaction tax and raised existing charges on telephone calls and mining royalties on Monday, seeking to plug a hole in the budget and keep the deficit below the European Union's ceiling.
The leaders of the G8 nations are set to begin a summit in Northern Ireland; Steve Sedgwick has more on what is likely to top the agenda.
June 16- Internal Revenue Service employees in Ohio, who singled out conservative groups applying for tax-exempt status for extra scrutiny, likely did not consider the political implications, an IRS official in Washington has told congressional investigators.
LONDON, June 15- Britain turned up the pressure on other rich economies to clamp down on secretive money flows at a summit next week by pressing its overseas tax havens into a transparency deal and announcing new disclosure rules for British firms.
LONDON, June 15- Prime Minister David Cameron will press Britain's overseas tax havens to sign up to an international transparency treaty in London on Saturday, before he meets leaders of G8 economies to push for coordinated global action on tax avoidance and evasion.
LONDON, June 15- Britain's Prime Minister David Cameron will press its overseas tax havens to sign up to an international transparency treaty in London on Saturday, hoping to bolster British credibility ahead of next week's G8 summit.
*EU's trade chief to go to Beijing to seek solution. Sweden, Denmark and the Netherlands said EU Trade Commissioner Karel De Gucht should find a diplomatic solution with Beijing to avoid a tit-for-tat trade war, after Brussels imposed tariffs on Chinese solar panels and Beijing retaliated with an investigation into European wine.
Nevermind the tie and the golf sock. For Father's Day, here are some tax-specific advantages to being a dad.
LONDON, June 14- The G8 group of leading economies will shy away from adopting a measure aimed at curbing tax avoidance by highlighting when companies channel profits into tax havens, and will include a watered down alternative, according to a draft statement.
Sweden, Denmark and the Netherlands said EU Trade Commissioner Karel De Gucht needed to find a diplomatic solution with Beijing to avoid a tit-for-tat trade war, after Brussels imposed tariffs on Chinese solar panels and Beijing retaliated with an investigation into European wine.