Discussing what's next for IRS official Lois Lerner, and whether it's time for an IRS special counsel, with Tom Curran, Peckar & Abramson and John Eastman, Chapman University.» Read More
Discussing what's next for IRS official Lois Lerner, and whether it's time for an IRS special counsel, with Tom Curran, Peckar & Abramson and John Eastman, Chapman University.
BATON ROUGE, La.-- A new 2 cent monthly tax on cellphones aimed at helping provide services for people with hearing impairment won the support Thursday of the Senate Revenue and Fiscal Affairs Committee.
ZURICH, May 24- Switzerland's top tax diplomat will step down at the end of August, the finance ministry said on Friday, as talks with foreign governments eager to crack down on funds hidden in Swiss bank accounts enter a critical phase.
LINCOLN, Neb.-- A Nebraska tax measure that could benefit high-tech start-up companies and uninsured medical patients is headed to a final vote in the Legislature after winning second-round approval on Thursday.
In a sign of Wall Street’s resurgent influence, bank lobbyists are aiding lawmakers in preparing legislation that softens regulations of the financial industry.
ZURICH, May 24- Switzerland's top representative on international financial affairs will step down at the end of August, the finance ministry said on Friday, as negotiations with the United States and the European Union over tax reach a critical point.
Big companies' tax affairs in Europe are to be opened up to greater public scrutiny with the EU rushing out a law to reveal corporate profits and taxes on a country-by-country basis, the FT reports.
*Latin America seeks integration, yet divided in terms of trade. *Pacific Alliance advocates free trade, foreign investment. BOGOTA, May 23- A Latin American bloc that includes Colombia, Mexico, Peru and Chile on Thursday agreed to eliminate tariffs on most goods to promote free trade between the countries and increase exports to Asia.
CNBC's Larry Kudlow discusses whether Fed Chairman Bernanke induced fear in the markets on Wednesday, and offers his take on what the American corporate tax rate should look like.
WASHINGTON, May 23- A tax on carbon dioxide emissions could help the United States mitigate climate change while significantly increasing government revenue, the nonpartisan Congressional Budget Office said this week.
SAN FRANCISCO/ DUBLIN, May 23- Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's poorest country, former company executives and Irish officials have said. Apple must have seemed attractive to Ireland and to Cork.
COLUMBUS, Ohio-- Democrats in the Ohio Senate suggested Wednesday that budget writers take millions of dollars from a proposed income tax cut for higher wage earners and direct it to schools instead, as work intensified on the state's spending plan.
The attention this week on the ability of Apple and other prominent American corporations to avoid corporate taxes through offshore tax arrangements obscures a perhaps more significant development, highlighted by Luxembourg's abrupt retreat from banking secrecy, the NYT reports.
IRS director of tax exempt organizations Lois Lerner invoked her 5th Amendment rights and was dismissed from the hearing today. Gov. Tom Corbett (R-PA); Joseph diGenova, Former U.S. Attorney; and Austan Gooslbee, Chicago Booth School of Business, discuss.
Tokyo is proposing a low tax zone for foreign companies to help accelerate economic growth. The proposal, part of Prime Minister Abe's strategy, would aim for the new zone to bring at least part of the capital's corporate tax rate close to those of Singapore and Hong Kong.
Discussing today's IRS hearing on the targeting scandal, and whether Lois Lerner was behind these attacks, with Rep. Peter Welch (D-VA); Rep. Jim Jordan (R-OH); Gov. Tom Corbett (R-PA); and Austan Goolsbee, Chicago Booth School of Business.
WASHINGTON, May 22- For years, Apple Inc kept a low profile in Washington as it grew into one of the most valuable companies in the world.
WASHINGTON, May 22- Three congressional hearings during the past week have allowed lawmakers to vent their anger at the U.S. tax agency for its targeting of conservative groups for extra scrutiny, but the sessions have yielded few answers about who was responsible.
Every parent should discuss financial matters with their children at some point, with CNBC's Robert Frank.
BREAKTHROUGH: The European Union's leaders took a major step in tackling tax-dodgers Wednesday by pushing to end bank secrecy across the bloc's 27 members by year-end.