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...» Read More
Donor-advised funds are rolling in money, but charitable donations are looking almost anemic. Here's why, and what it means for philanthropy.
Google, which has been grilled twice in the past year by a UK parliamentary committee over its tax practices, had a UK tax bill of 35 million pounds ($55 million) in 2012, on sales of $4.9 billion to British customers.
Richard Okuno, Director, GI Capital Securities looks forward to Japan structural reform in TPP negotiations and upcoming tax revisions.
When it's finally time to start drawing down that 529 account, here's how to make sure you take advantage of tax breaks and make smart choices.
Massachusetts Treasurer Steven Grossman has been getting the state's finances in order—his own are another matter. Grossman may owe more than $500,000 in back taxes.
James Gandolfini, the late actor, appears to have made some key mistakes with his estate planning. Here's how to avoid the same minefields.
The latest jobs report showed that 8.2 million Americans are working part time for economic reasons. An additional 19 million are working part time for other reasons.
A new study ranks states' efforts to provide financial education in high school, and the results aren't pretty. Check your state's grade here.
Postnuptial agreements—similar to prenups, but for married couples—are on the rise, with growing acceptance and DOMA changing the marriage landscape.
Gavin Pluck, European director of Guardian Wealth Management, tells CNBC why those who work abroad stand to lose the most when the retirement time bomb goes off.
Chas Roy-Chowdhury, Head of Taxation at ACCA tells CNBC's Cash Flow why he thinks the global tax system encourages MNCs to keep their profits offshore.
An investigation into the tax affairs of Cadbury's – known for its philanthropic ethos – has uncovered tax avoidance schemes former senior executives admit were “highly aggressive”, the FT reports.
British electricity prices may be almost double those in Germany within three years due largely to the impact of a new tax aimed at supporting renewable power generation.
Prenuptial agreements are common among the financial elite. Divorce settlements can be astronomical. But in some cases, prenups may make sense for the 99 percent.
Thames Water has been slammed by public sector unions and politicians after the UK's biggest water company by revenue announced that it paid no corporation tax last year, the FT reports.
President Francois Hollande's government aims to save up to 2 billion euros annually from 2016 under a proposed reform of France's generous system of family benefits.
Being audited is scary. Not knowing if you might be is almost as bad. Here is a roadmap to how the IRS decides on candidates for examination.
U.S. tax agents have been singling out non-profit groups for extra scrutiny by key words such as 'Tea Party'and later "organizations involved with political, lobbying, or advocacy".
Italy's economy minister said he did not believe additional tax hikes and spending cuts would be necessary in 2013.
The Internal Revenue Service will play an important role in how health-care reform is managed, even deciding who will have to buy coverage.