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Powerful House Democrats on Friday proposed increasing the tax burden on managers of hedge funds and private-equity firms, racheting up the debate on expanding the government's tax grip on Wall Street
The IPO of private equity powerhouse Blackstone Group was set at $31 a share Thursday night, amid what was described as avid interest in the initial public offering.
Congress is looking at the boom in private equity--including Blackstone Group--as a new source of tax revenue, CNBC's Hampton Pearson reported.
Republicans blocked a proposal Thursday to tax the oil industry an additional $29 billion, while the Senate moved closer to an agreement on raising automobile fuel economy for the first time in nearly 20 years.
The IPO market may not be as large as it once was, but there is still expected to be plenty of room for this week's debut of private equity powerhouse Blackstone Group, likely one of the biggest initial public offerings in U.S. history.
The leaders of the Senate Banking Committee Wednesday asked the Treasury Department and the Securities and Exchange Commission for analysis of legislation that would raise taxes on private equity funds going public, like Blackstone Group.
Prime Minister Tony Blair said Wednesday that there are legitimate concerns about the level of tax paid by private equity companies and their executives, which the government is studying.
The French government's plan to exempt workers and businesses from taxes on overtime pay to stimulate the economy will cost 2.5 billion euros to 3 billion euros ($3.38 billion to $4.06 billion), Prime Minister Francois Fillon said Wednesday.
Ernst & Young and Deutsche Bank could face monetary sanctions rather than criminal charges in a U.S. tax shelter probe, The Wall Street Journal reported on Thursday, citing unnamed sources.
In the interview, Mr. Paulson discusses the importance of an open economy in the U.S., the Dubai Ports, Sarbanes-Oxley, taxes, China and global capital markets, among other topics.
A flood of last-minute tax filers swamped the servers of the company that makes the popular TurboTax and ProSeries tax software Tuesday, forcing taxpayers to wait hours for confirmation that their electronic returns had been submitted successfully.
People directly affected by the storm that hit the Northeast on Sunday and Monday are entitled to a two-day extension for filing their tax returns, the Internal Revenue Service said Monday.
Unification of China's corporate income tax rates will not have a big impact on inflows of foreign direct investment because some sectors will still enjoy preferential rates, Finance Minister Jin Renqing said on Friday.
President Bush revived some 20 tax breaks, extended trade benefits for developing countries and protected doctors from a big cut in Medicare payments by signing sweeping tax and trade legislation.
Britain broke European Union rules by taxing dividends received by U.K. companies from units elsewhere in the bloc, the EU's top court said on Tuesday in a ruling that will force London to repay huge rebates.
Despite its well-publicized cutoff at incomes of $400,000 and up, the fiscal cliff deal could increase taxes on people making less.
Peter Orszag, Global Banking Vice Chairman of Citigroup, discusses what he is watching as Congress prepares to vote on additional budgetary legislation.
Donald Trump slams GOP in tweets, saying that Republicans got nothing in the fiscal cliff deal. Here's a look at some principles the real estate mogul might have followed had he been negotiating, the CSM reports.
CNBC Larry Kudlow's take on the "fiscal cliff" deal, saying Washington must understand spending is the real problem for deficits and debt; and Jared Bernstein, Center on Budget & Policy Priorities and Jim Pethokoukis, American Enterprise Institute, weigh in.
Part of the tax deal reinstates the phase out of personal exemptions and deductions for singles earning more than $250,000 and for couples making over $300,000. CNBC's Eamon Javers explains what this means for your bottom-line.