*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.» Read More
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.
TOKYO, April 18- Japanese companies have weathered the first days of a rise in the country's consumption tax, with sales resilient and pricing power little damaged, a Reuters poll showed on Friday, in an early sign the tax hike will not derail the economy.
SAO PAULO, April 17- Eduardo Campos, the centrist former state governor running third in Brazil's presidential race, plans to lower the tax burden and set a formula to automatically raise fuel prices at state-run oil company Petrobras if he wins the October election.
*Obama budget seen adding $1.4 trillion in revenue over 10 years. WASHINGTON, April 17- President Barack Obama's fiscal 2015 budget request would boost U.S. tax revenue by nearly $1.4 trillion over 10 years if fully enacted, slashing deficits by $1.05 trillion while funding new spending, the Congressional Budget Office said on Thursday.
President Obama's fiscal 2015 budget request would boost US tax revenues by nearly $1.4 trillion over 10 years if fully enacted, the CBO said.
WASHINGTON, April 17- President Barack Obama's fiscal 2015 budget request would boost U.S. tax revenues by nearly $1.4 trillion over 10 years if fully enacted, slashing deficits by $1.05 trillion while funding new spending, the Congressional Budget Office said on Thursday. There is virtually no chance that Congress will advance Obama's plan in its entirety.
TOPEKA, Kan.— Kansas officials projected Thursday that the state will collect nearly $178 million more in revenues than previously thought through June 2015, brightening its short-term budget picture. Sam Brownback's urging to boost the economy.
TOKYO, April 17- The Bank of Japan maintained its upbeat view on most of the country's regional economies, adding to reassurances from its governor that the world's third-largest economy can ride out the pain from a sales tax hike without additional stimulus.
PHILADELPHIA— A popular Philadelphia chocolate maker and candy store has been shuttered by the city days before Easter. WPVI-TV said Wednesday the Department of Revenue revoked the business license of the Blasius Chocolate Factory in the city's Kensington neighborhood.
TALLAHASSEE, Fla.— Floridians who rely on Internet giant Amazon.com will have to soon start paying taxes on their online purchases. A spokesman for the Seattle- based company confirmed Wednesday that Amazon will collect the state's 6 percent sales tax on May 1.
April 16- CBS Corp said on Wednesday that the Internal Revenue Service gave a favorable ruling to the company's plan to convert its outdoor advertising subsidiary, CBS Outdoor Americas Inc, into a real-estate investment trust. Media conglomerate CBS holds an 81 percent stake in CBS Outdoor, which went public in late March.
OTTAWA, April 16- Canadian police have arrested a 19- year-old man and charged him in connection with exploiting the "Heartbleed" bug to steal taxpayer data from a government website, the Royal Canadian Mounted Police said on Wednesday.
Tax day is here and while many are rushing to file on time, others are ready to fraudulently claim a refund.
BERLIN— The high-profile tax evasion trial against former Bayern Munich president Uli Hoeness has prompted a surge in the number of Germans turning themselves in to authorities for failing to properly declare their taxes.
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