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
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.
President Bush said Thursday concern should be shown those who've lost their homes but it's not the federal government's job to bail them out.
Declaring a new direction in energy policy, the House on Saturday approved $16 billion in taxes on oil companies, while providing billions of dollars in tax breaks and incentives for renewable energy and conservation efforts.
U.S. Treasury Secretary Henry Paulson said on Thursday the U.S. business tax system creates distortions in the allocation of capital and must be re-examined to boost the competitiveness of American companies.
U.S. tax authorities are seeking information from two U.S. banks to determine whether complex derivatives trades they undertook for clients, including hedge funds, were designed primarily to avoid taxes, the Wall Street Journal reported in its online edition on Thursday.
French President Nicolas Sarkozy's flagship package of tax breaks passed its first hurdle on Tuesday, winning approval from the lower house of parliament.
Partners of private equity firm Blackstone Group may have devised a way to avoid payingtax on $3.7 billion raised largely in the firm's initial public offering last month, the New York Times reported on Friday.
The German government's plan to reduce companies' tax burden cleared its final legislative hurdle Friday, winning approval from the upper house of parliament.
Richard Breeden, a hedge fund investor and former chairman of the Securities and Exchange Commission, told CNBC he plans to seek three board seats at H&R Block, saying the tax preparer's move into other businesses was hurting the company.
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.