The U.K. government is to introduce a new levy on foreign homebuyers, raising concerns that this could put the brakes on London's property market.» Read More
BRUSSELS, Nov 27- The European Union on Wednesday imposed hefty duties on Chinese imports of glass used in solar panels, saying China's producers were exporting at unfairly low prices that threatened European manufacturers.
*Senate due to vote on ban over tax fraud conviction. ROME, Nov 27- The Italian Senate opened its debate on expelling Silvio Berlusconi on Wednesday, ahead of an evening vote that is expected to see the veteran centre-right leader stripped of his seat in parliament over a tax fraud conviction.
Amid the IRS targeting scandal, the Treasury Department is proposing stricter rules keeping nonprofits from getting tax exemptions. Jay Sekulow, American Center for Law and Justice, says the government is trying to make what they did illegally, legal through the regularity process.
WASHINGTON, Nov 26- The Obama administration proposed new rules on Tuesday to rein in tax-exempt groups that have transformed the U.S. political landscape in recent years by harnessing hundreds of millions of dollars in anonymous donations to influence elections.
WASHINGTON, Nov 26- The Obama administration proposed new rules on Tuesday to rein in tax-exempt groups that have transformed the U.S. political landscape in recent years by harnessing hundreds of millions of dollars in anonymous donations to influence U.S. elections.
WASHINGTON, Nov 26- The Obama administration proposed new rules on Tuesday that would restrict the political advertising and fundraising abilities of certain tax-exempt groups, which were at the center of the Internal Revenue Service's Tea Party targeting scandal this year.
The Obama administration proposed new rules that would curtail political activity by tax-exempt nonprofit groups.
WASHINGTON, Nov 26- The Obama administration proposed new rules on Tuesday for certain tax-exempt groups at the center of the Internal Revenue Service's Tea Party targeting scandal this year.
BATON ROUGE, La.-- Louisiana raked in the needed $200 million from its amnesty period for delinquent taxpayers to keep the state's operating budget balanced, the revenue department announced Monday. "Based on applications and payments processed as of this morning, we have met the $200 million goal," Revenue Secretary Tim Barfield said in a statement Monday.
SALT LAKE CITY-- Utah legislators will have $338 million extra for the next state budget, Gov. Tax revenue is expected to increase by 3.8 percent during fiscal year 2014-2015, according to the Governor's Office of Management and Budget, the Office of the Legislative Fiscal Analyst, and the Utah Tax Commission.
PARIS, Nov 26- France's Socialist government must carry out a proper tax reform that will cut the pressure on businesses and stop knocking the country's entrepreneurs, France's "boss of bosses" Pierre Gattaz said in an interview.
Former Arkansas Senator Blanche Lincoln of "Coalition to Stop Internet Gambling," questions whether the gains from online gambling are worth the damages for the U.S.
States will monitor tax revenues for online gambling, says Harry Curtis, gaming analyst of Nomura Securities. New Jersey becomes the 3rd state to permit online gambling today.
Miltiadis Varvitsiotis, Greece's shipping minister, says the Greek economy has stabilized, and that it now needs to attract more investments instead of taxing.
Thanos Vamvakidis, head of European G10 FX strategy at BofA Merrill Lynch Global Research, discusses Greece's budget after the country's finance minister said it has reduced the budget shortfall.
Tax Court documents filed this month, the IRS said Ingersoll owed U.S. taxes and penalties on money it moved in 2002 into Bermuda, where the company was headquartered at the time. Ingersoll, which makes Trane air conditioners and Schlage locks, argues that it correctly moved U.S. cash into Bermuda via Barbados, Hungary and Luxembourg, according to a court filing.
Art Laffer of Laffer Associates; Micheal Knox Beran, City Journal; Brian Domitrovic, co-author of upcoming book on the JFK tax cuts; and Ira Stoll, "JFK Conservative" author discuss the legacy of President Kennedy 50 years after his assassination.
Discussing President Kennedy's legacy and proposed tax cut bill, with Art Laffer of Laffer Associates; Micheal Knox Beran, City Journal; Brian Domitrovic, co-author of an upcoming book on the JFK tax cuts; and Ira Stoll, "JFK Conservative" author.
WASHINGTON, Nov 22- The U.S. Internal Revenue Service audit, already a feared ordeal, will get even sharper teeth in January when the IRS will start setting strict deadlines for delivery of information it wants from companies and wealthy people it is auditing.
CNBC's John Harwood and Larry Kudlow discuss how JFK's economic agenda still impacts America today. Kudlow argues President's Kennedy and Reagan had identical tax policies.