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H&R Block, the largest U.S. tax preparer, Friday said the subprime lending unit it is trying to sell has obtained $350 million of new funding capacity from a unit of Royal Bank of Scotland Group.
U.S. network-equipment maker Cisco Systems said Thursday it suspended one of its Latin American executives due to criminal accusations against him regarding the company's ongoing tax evasion case in Brazil.
A North Carolina state judge rejected an attempt by Wal-Mart Stores to block public access to certain court documents in a tax dispute with state authorities, the Wall Street Journal reported Friday in its online edition.
H&R Block, the largest U.S. tax preparer, said that Chairman and Chief Executive Mark Ernst had resigned, following mounting losses tied to subprime mortgages.
Time is running out for U.S. lawmakers to prevent millions of unsuspecting middle-income taxpayers from being hit with a tax meant for the very rich.
The following is the unofficial transcript of a CNBC interview with former Massachusetts Governor and Presidential hopeful Mitt Romney on CNBC's "Kudlow & Company" today at 7:00 PM ET. In the interview with CNBC's Larry Kudlow, Romney discusses the economy and whether he thinks there will be a recession, corporate taxes, the dollar, the AMT mess, fuel standards, Senator Clinton and the McCain push-poll controversy, among other topics.
The following is the unofficial transcript of a CNBC interview with Republican Presidential Candidate, Fred Thompson, on CNBC's "Kudlow & Company" today. In an interview with CNBC's Larry Kudlow, Republican Presidential Candidate Fred Thompson discusses Republican House Majority Leader Dick Armey's comments, taxes, the economy, whether he would veto the Farm Bill, the stability of the dollar and Ben Bernanke, among other topics.
The following is an excerpt of the unofficial transcript of a CNBC interview with White House Economic Advisor, Allan Hubbard, on CNBC's "Kudlow & Company " today. During the interview with CNBC's Larry Kudlow , Hubbard revealed that the Bush administration is working on a plan to cut corporate taxes next year. Hubbard told Kudlow that the tax cut plan will be part of the 2008 budget proposal. Treasury Secretary Hank Paulson is working on details.
The following is the unofficial transcript of a CNBC interview with Charles Rangel, House Ways and Means Chairman, and Jim McCreary, Louisiana Congressman, on CNBC's "Power Lunch" today. In an interview with CNBC's Bill Griffeth, Rangel and McCreary discuss the vote on Rangel's bid to reform tax.
The House tax-writing committee has advanced legislation to shield some 20 million middle-class taxpayers from being hammered this year by a tax meant to affect only the rich.
The following is the unofficial transcript of a CNBC interview with Governor Mitt Romney on CNBC's "Mad Money w/Jim Cramer" today.
The following is the unofficial transcript of a CNBC interview with Charles Rangel, Chairman of the Ways and Means Committee in the U.S. House of Representatives, on CNBC's "Kudlow & Company".
The House's top Democratic tax writer on Thursday unveiled a $1 trillion plan to repeal the alternative minimum tax and lower the tax burden of most lower- and middle-income people.
Treasury Secretary Henry Paulson said Tuesday that unless Congress comes up with a "patch" by Nov., 21 million more Americans will be subject the alternative minimum tax in 2007.
Australia's government, desperately seeking re-election in a November poll, on Monday promised A$34 billion ($30 billion) in sweeping tax cuts if returned by voters.
House Democrats on Wednesday pushed through legislation to end a program that turns over smaller-scale tax deadbeat cases to private collection agencies.
The U.S. House of Representatives Thursday overwhelmingly approved legislation providing tax relief to homeowners facing a foreclosure.
Former U.S. Securities and Exchange Commission Chairman Richard Breeden won three seats on H&R Block's board Thursday, advancing his efforts to refocus the company on its tax preparation business.
H&R Block said Thursday it is renegotiating the sale of its money-losing Option One Mortgage Corp subprime lending unit to Cerberus Capital Management, casting doubt on the largest U.S. tax preparer's ability to complete the transaction.
California regulators voted on Tuesday to raise taxes on "alcopops," flavored alcoholic beverages some say are packaged to appeal to youth and contribute to underage drinking.
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