Topic: Taxes

Georgia State Representative Allen Peake owns 20 restaurants and this year he took his frustrations with his tax bills to the state capitol, where he helped push through legislation creating a new state tax court.

The Romney campaign is recruiting testimonials from workers who have had positive experiences with Bain Capital, countering attacks by President Obama, The New York Times reports.

Singapore has enticed Trafigura, one of the world’s biggest commodities trading houses, to move its legal headquarters from Switzerland to the Asian city state, highlighting the attractions of its low-tax regime and proximity to China. The FT reports.

Outgoing Bank of England policy maker Adam Posen said on Tuesday that he could have done better with his economic forecasting during the financial and euro zone debt crises, and welcomes three reviews of the central bank’s performance that period.

Britain's Barclays said it is to sell all of its $6.1 billion stake in U.S. asset manager BlackRock which it has held for almost three years.

The Institute of Directors has endorsed a radical proposal that recommends replacing part of the UK tax system with a single income tax rate of 30 percent and reducing the government’s share of the national economy to one-third, the Financial Times reports.

Rep. Dave Camp steps up pressure to force action on a rewrite of the tax code, which both parties agree has become overly complicated and inefficient.

The world's top 29 banks may need a total $556 billion to meet tougher new capital rules, cutting returns by a fifth and forcing them to curb investor payouts and raise customer charges, Fitch Ratings said on Thursday.

A growth compact to sit alongside the existing fiscal compact is a certainty for the euro zone as it battles the flames of discontent fanned by the harsh austerity measures implemented in struggling economies, one expert told CNBC Thursday.

The governor of the Bank of England said on Wednesday that the euro zone is “tearing itself apart without any obvious solution" as he admitted that the UK central bank, the Financial Services Authority (FSA) and the government have been discussing contingency plans to deal with the prospect of a Greek exit from the euro or a collapse in the euro zone “for some time.”

The House speaker draws an election-year battle line, saying he would back an increase in the government's borrowing authority only if there were an equal amount of spending cuts.

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India's inflation accelerated in April to 7.23 percent as price pressures for food, fuel and manufactured items all picked up, adding to the central bank's struggle to control inflation when economic growth has slumped to a near three-year low.

JPMorgan Chase’s $2 billion trading loss, which was disclosed on Thursday, could give supporters of tighter industry regulation a huge new piece of ammunition as they fight a last-ditch battle with the banks over new federal rules that may redefine how banks do business. The New York Times reports.

President Barack Obama's nominee to be the top tax official at the U.S. Treasury Department said that the administration is not actively working on a plan to revamp the tax code.