*Luanda offers contrasts of conspicuous wealth and poverty. LUANDA, April 23- In Luanda's Jumbo supermarket, a half-litre tub of imported vanilla ice-cream used to cost $25, testament to the Angolan capital's rank as one of the world's most expensive cities.» Read More
Walgreen's pending acquisition of Alliance Boots can mean lower taxes and a better company, according to activist investor Barry Rosenstein.
The IRS will defend the way it enforces its power to issue legal summonses to obtain sensitive documents from taxpayers who refuse to cooperate with audits.
CNBC's Eamon Javers takes a look at Valeant's tax inversion play back in 2010 and explains how the complexity of the tax code allow companies to avoid paying domestic taxes.
A Bureau of Labor Statistics report pointed out at least one thing that is unquestionably holding our economy back: income inequality.
The Lefty mayors of NY and LA talk about income equality but when it comes to Hollywood and taxes, they're starry-eyed, says Jake Novak.
The major sticking points between Japan and the U.S. have to do with removing tariffs on agricultural products such as rice, beef, dairy products and sugar that Japan has long protected from foreign competition, Japanese media reported. Japanese carmakers exported 4,731 vehicles per day to the U.S. last year, while Japan imported less than 62 per day.
FLAGSTAFF, Ariz.— Facing a high prevalence of diabetes, many American Indian tribes are returning to their roots with community and home gardens, cooking classes that incorporate traditional foods, and running programs to encourage healthy lifestyles. A proposed 2 percent sales tax on chips, cookies and sodas failed Tuesday in a Tribal Council vote.
BUENOS AIRES, April 21- Argentine President Cristina Fernandez on Monday asked Congress to eliminate some of the taxes paid by biodiesel manufacturers in a bid to support an industry hard hit by European Union anti-dumping measures.
"Captain America: The Winter Soldier" was filmed in Cleveland and created 2,800 jobs and contributed $35 million to the state of Ohio. Joe Henchman, Tax Foundation, and Douglas Steiner, Steiner Studios Chairman, discuss state tax credits.
*Lexus imports cars from Japan for China market. Unlike German peers Audi, Volkswagen AG's luxury division and BMW, Lexus imports all of its vehicles sold in China, from Japan. But high tariffs charged on imported cars make it hard to generate volume and last year, Lexus sold around a seventh of Audi's tally and a fifth of what BMW sold in China.
In Slovakia, the government is using receipts in a monthly lottery in order to force restaurant and shop owners to pay sales taxes.
Talks between the U.S. and Japan are making progress and will resume again on Monday, Japan's economy minister said.
LONDON, April 18- The amount of money Amazon.com Inc reports through a tax-exempt vehicle in Europe has dropped sharply in the past two years, even as European sales jumped, after the U.S. tax authority tightened rules it felt were being abused to shift profits.
If you’ve filed tax returns and think everything is OK, guess again. Phone and email scams try to nab your data by impersonating the IRS.
MADISON, Wis.— Wisconsin Democrats and their allies who are trying to take out Republican Gov. Scott Walker have invested all their hopes in Mary Burke, a Harvard- educated political newcomer whose father started Trek Bicycle when she was a teenager.
JEFFERSON CITY, Mo.— A Missouri Senate committee has endorsed a 1- cent sales tax increase to fund transportation projects. If passed by the full Senate, the measure would head to the November ballot for voter approval. The lone "no" vote on the Senate panel was Republican Sen.
TOKYO, April 18- Core consumer prices in Tokyo, a leading indicator of nationwide inflation, probably rose the most in 22 years in April after an increase in Japan's sales tax drove up prices across the board, a Reuters poll showed on Friday.
U.S.-Japan talks aimed at a trade deal seen as vital to a broader regional pact are in stalemate, Japan's economy minister said.
*U.S. willing to let Japan keep some farm tariffs- Japan media. WASHINGTON/ TOKYO, April 18- U.S.- Japan talks aimed at a trade deal seen as vital to a broader regional pact are in stalemate, Japan's economy minister said, as negotiators struggle to narrow gaps ahead of a summit between the countries' leaders.
Despite a surge in the number of partnerships over the last decade, the IRS did not conduct field audits for 99 percent of these tax-favored businesses from 2007 through 2012, said the preliminary report from the Government Accountability Office, the investigative arm of Congress.
Get the best of CNBC in your inbox