In an example of federal and state tax law interaction that gets little notice on Capitol Hill, 30 states next year could collect $3 billion more in estate taxes if Congress and President Barack Obama do not act soon, estimated the Urban-Brookings Tax Policy Center, a Washington think tank.
CAIRO, Dec 26- Egypt's government will not implement a series of planned tax increases until it completes a dialogue with different parts of society, Al-Mal newspaper has quoted Planning Minister Ashraf al-Araby as reaffirming. The unpopular measures are deemed necessary to secure $4.8 billion Egypt is seeking from the International Monetary Fund.
*President Obama on vacation in Hawaii. WASHINGTON, Dec 24- With only a week left before a deadline for the United States to go over a "fiscal cliff," lawmakers played a waiting game on Monday in the hope that someone will produce a plan to avoid harsh budget cuts and higher taxes for most Americans from New Year's Day.
*President Obama on vacation in Hawaii. WASHINGTON, Dec 24- With only a week left before a deadline for the United States to go over a "fiscal cliff," lawmakers played a waiting game on Monday in the hope that someone will produce a plan to avoid harsh budget cuts and higher taxes for most Americans from New Year's Day.
BRASILIA, Dec 24- Brazil's government said on Monday it would raise the statutory monthly minimum wage by an above-inflation 9 percent to 678 reais a month, a rise that comes at the end of a year of tepid economic growth. They must still be formally approved by Congress.
ATHENS, Dec 24- Greece's drive to crack down on flagrant tax evaders such as doctors and lawyers is flagging and must be reinvigorated, a report by the European Union and International Monetary Fund said on Monday.
The threat of across-the-board government spending cuts and tax increases- about $600 billion worth- was intended to shock the Democratic-led White House and Senate and the Republican-led House into moving past their many differences to approve a plan that would bring tax relief to most Americans and curb runaway federal spending.