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Taxes Tax Planning


  • SAN FRANCISCO, Nov 19- The majority of deals signed by the California Public Employees' Retirement System with private equity firms allow the firms to reduce their tax bills by treating ordinary management fees as capital gains, an issue that is drawing increasing regulatory scrutiny. In September, a group of Senators, including Massachusetts Democrat...

  • Prosecution witness: Ex-NY speaker hid legal-fee income Tuesday, 17 Nov 2015 | 12:29 PM ET

    NEW YORK— A prominent real estate developer testified Tuesday that former New York Assembly Speaker Sheldon Silver asked him to hire a friend's small law firm to handle tax litigation, but never disclosed that he was splitting lucrative legal fees with the friend. Developer Steve Witkoff told jurors at Silver's corruption trial in Manhattan that he first...

  • BRASILIA, Nov 9- Brazil is planning to tax home owners who rent out properties or rooms on the online home-rental marketplace Airbnb Inc ahead of the 2016 Olympic Games in Rio de Janeiro, a tourism official said on Monday. Brazil has raised a series of taxes this year as it scrambles to plug a gaping fiscal deficit that is undermining confidence in its once-booming...

  • WASHINGTON, Oct 29- Republican presidential candidates who promise to cut and simplify U.S. taxes would find a powerful ally if they reach the White House: House of Representatives Speaker Paul Ryan. Former Florida Governor Jeb Bush and real-estate mogul Donald Trump would consolidate the existing seven income-tax brackets to three and raise deductions for...

  • *MGM to maintain control of new REIT. MGM said it would transfer seven Las Vegas resorts- The Mirage, Mandalay Bay, Monte Carlo, New York-New York, Luxor, Excalibur and The Park- to the REIT, a structure that helps a company save taxes. MGM shareholder Land and Buildings has been putting pressure on the company throughout this year to convert its real estate assets into a...

  • Thailand plans tax revamp to spur investment Monday, 26 Oct 2015 | 9:17 PM ET
    Apisak Tantivorawong, Thailand's finance minister, attends a seminar at the Stock Exchange of Thailand in Bangkok, Thailand, on Monday, Sept. 28, 2015.

    Finance minister poised to propose tax incentives aimed at boosting private investment and reviving flagging economy.

  • Hillary Clinton to take on Wall St with high-frequency trading tax

    Bhanu Baweja, head of emerging market cross asset strategy at UBS, says the tax, combined with other regulations, could help reduce financial risks.

  • LONDON, Oct 6- Big companies are planning to overhaul their tax arrangements to comply with proposals for new global tax rules even before they become legally enforceable, according to a Thomson Reuters-Euromoney survey of 180 tax professionals across 35 countries. The Organisation for Economic Co-operation and Development was asked in 2012 by the Group of...

  • NEW YORK, Oct 1- The U.S. Department of Labor on Thursday said it granted Credit Suisse Group AG an exemption from certain restrictions stemming from its guilty plea to helping Americans evade taxes, effectively allowing the bank to continue to manage $2 billion in U.S. retirement money. Credit Suisse had received a temporary waiver beforehand.

  • Jeb or Hillary, tax reform wins in 2016 Friday, 25 Sep 2015 | 11:31 AM ET
    Hillary Clinton and Jeb Bush

    Whether its Jeb or Hillary in the White House, here's why tax reform will be the big winner in 2016, says political consultant Stephen Myrow.

  • Special tax break for retirement savers Thursday, 24 Sep 2015 | 7:00 AM ET
    Special Tax Break For Retirement Savers

    Most workers who are eligible for the Saver’s Credit don’t even know that it exists. An explainer on a little known tax break that could save lower income Americans up to $1,000 a year.

  • Never heard of the FATCA? Listen to this Thursday, 10 Sep 2015 | 8:46 PM ET
    Never heard of the FATCA? Listen to this

    Joan Crain, wealth strategist at BNY Mellon Wealth Management, outlines what you need to know about the Foreign Account Tax Compliance Act (FATCA).

  • Tax-loss harvesting = not leaving $ on the table Monday, 10 Aug 2015 | 8:00 AM ET
    Money on table

    Smart investors try to boost true return by using low-cost investments and tax-loss harvesting to minimize taxes. Robo-advisors can help.

  • Aug 5- Mary Beth Jachec lives in a three-bedroom house in Wauconda, a village of 14,000 in Illinois, 45 miles northwest of Chicago. The 53- year-old insurance manager gets a real estate tax bill for 20 different local government authorities and a total payout of about $7,000 in 2014. They include the Village of Wauconda, the Wauconda Park District, the Township of...

  • CHICAGO, July 24- A law aimed at shoring up two of Chicago's financially shaky public worker retirement systems violates pension protections in the Illinois constitution, a judge ruled on Friday. Pension payments are devouring bigger chunks of budgets for Illinois and Chicago and both face crippling spending cuts or big tax increases if those payments are...

  • *HSBC, Lloyds, RBS plan "broad" ring-fence, Barclays differs. LONDON, July 3- Barclays is planning to set up a smaller separate UK bank than rivals as British lenders finalise how to restructure to meet new rules designed to give greater protection to savers and taxpayers. Unless it makes a U-turn, Barclays will adopt a different structure to its main rivals.

  • COLUMN-Three retirement loopholes seen likely to close Monday, 29 Jun 2015 | 12:19 PM ET

    LOS ANGELES, June 29- There are plenty of tips and tricks to maximizing your retirement benefits, and more than a few are considered "loopholes" that taxpayers have been able to use to circumvent the letter of the law in order to pay less to the government. 1. Back-door Roth IRA conversions The U.S. Congress created this particular loophole by lifting income...

  • Estate planning, taxes, Social Security benefits, health insurance and other financial issues have historically been enormously complicated for same-sex couples. Now with nationwide acceptance of marriage equality, thanks to the Supreme Court decision on Friday, will the financial picture finally be clear? Reuters spoke with three experts in LGBT...

  • NEW YORK, June 25- Darden Restaurant Inc's plans unveiled this week to spin off some of its holdings into a real estate investment trust point to a gold mine others can tap, but a recent statement by the U.S. tax authority raises cautionary flags. The IRS was responding to inquiries about whether it would change its review practices when the operation being spun off...

  • These taxpayers won't get refunds before mid-July Monday, 27 Apr 2015 | 8:22 AM ET
    The IRS 1040x Amended Tax Return forms.

    Nearly 5 million taxpayers will file an amended income tax return this year. Among them? Here's what you should know.