TOKYO, April 17- The Bank of Japan maintained its upbeat view on most of the country's regional economies, adding to reassurances from its governor that the world's third-largest economy can ride out the pain from a sales tax hike without additional stimulus.» Read More
Arguably, the United States now has a corporate tax code that’s the worst of all worlds. The official rate is higher than in almost any other country, which forces companies to devote enormous time and effort to finding loopholes. Yet the government raises less money in corporate taxes than it once did, because of all the loopholes that have been added in recent decades. The New York Times reports.
A new report says state tax revenues increased in the final three months of last year as the improving economy boosted income and sales taxes receipts.
Cash-strapped cities and states are finding it almost impossible to justify fat financing deals for state-of-the-art football arenas.
Lewis said he found it “amazing” that the Irish government has “socialized” the banks—some $80 billion in senior and subordinated debt—and made it the financial responsibility of Irish taxpayers, who didn’t create it.
Seizing on a national anxiety over poor student performance, many governors are taking aim at a bedrock tradition of public schools: teacher tenure, the New York Times reports.
The European Central Bank suspended its emergency purchases of euro zone government bonds last week as the debt crisis eased, allowing it to focus on combating rising inflation, reports the Financial Times.
The Obama administration is hoping that the US economy will grow 4 percent this year, leading to a fall in unemployment , Gene Sperling, director of the National Economic Council, told CNBC Monday.
Risks that the troubles in Egypt may spread have increased and the uprisings have a negative effect on growth, as well as contributing to higher prices, economist Nouriel Roubini said.
Europe’s banking system is returning to health amid signs that financial institutions are no longer hoarding cash, according to key indicators, reports the Financial Times.
Trade tensions between Brazil and China are expected to increase after the Asian country emerged last year as the biggest foreign direct investor in Latin America’s largest economy, the FT reports.
The US needs to change the way it is spending money if it wants to ensure a sustainable recovery, Joseph Stiglitz, economy professor at Columbia and a Nobel prize laureate, told CNBC Friday from Davos.
Those of us who advocate for wholesale income tax reform understand the quixotic nature of the fight. Our federal individual income tax system is so chock full of special beneficiaries that any action aligns an array of constituencies far too politically sympathetic to defeat.
The negative press has created many buying opportunities. Roughly $25 billion has flowed out of mutual funds that manage municipal bonds in the last few months. Investors appear to be selling municipal bonds in an indiscriminate fashion.
The only path to a balanced budget might be a public display of carnage on the state level once the stimulus money dries up.
New Jersey Gov. Chris Christie will propose a further cut in the state's corporate tax rate during his budget address in February, the governor told CNBC Wednesday.
Some may think Obama's pledge to cut corporate taxes are helping send stocks higher, but the "Fast Money" traders aren't convinced.
President Obama laid out his agenda on aggressively cutting spending and measures on to grow the economy in his State of the Union Tuesday night.
New budget estimates released Wednesday predict the government's deficit will hit almost $1.5 trillion this year, a new record.
President Obama’s State of the Union address and Representative Paul Ryan’s Republican response offered few new ideas and weren’t forthright about what needs to be done to get America thriving again.
Business responses to President Obama’s State of the Union address reflected praise for his rhetorical commitment to “winning the future” and his support for innovation, education and infrastructure, while raising concerns about the details of his policy proposals, reports the Financial Times.
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