By David M. Drucker | 08/26/14 10:18 AM
Rep. Paul Ryan said in an interview on Monday that he favors limiting the home mortgage tax deduction to "middle income people" but opposes curbing deductions for contributions to charity.
By Joseph Lawler | 08/25/14 09:13 PM
If any company could make Americans care about international corporate taxation, it might be Burger King.
By Lawrence Kudlow | 08/25/14 10:07 PM
The Bank of America settlement "highlights a pattern of the government extorting the banks," said a former Wells Fargo CEO, and he's absolutely right.
By Brian Hughes | 08/25/14 03:02 PM
The White House resisted a chance Monday to denounce Burger King for potentially relocating its headquarters to Canada as part of a possible purchase of doughnut and coffee chain Tim Hortons, even though President Obama has repeatedly ripped such corporate moves.
By Joseph Lawler | 08/25/14 01:01 PM
Burger King would be one of the largest and most well-known companies to seek to leave the U.S. in a so-called corporate inversion, in which a U.S. company buys a smaller foreign company in a lower-tax jurisdiction and then places its headquarters in the foreign country to lower its tax bill.
08/25/14 05:02 AM
WASHINGTON (AP) — Taxes? Who wants to think about taxes around Labor Day? But if you count on your tax refund and you're one of the millions getting tax credits to help pay health insurance premiums under President Barack Obama's law, it's not too early. Here's why: If your income for 2014 is...
08/24/14 02:15 PM
TRENTON, N.J. (AP) — Lawmakers are looking into repealing New Jersey's inheritance tax and raising the threshold for paying an estate tax. The state is one of only two that taxes both now, according to The Record (http://bit.ly/1p4cfEn). The inheritance tax makes those other than the spouse,...
08/22/14 10:45 AM
GONZALES, La. (AP) — The Ascension council has agreed to amend the way it collects sales tax revenues in portions of taxing districts annexed by municipalities, creating a small tax break for some shoppers. The Advocate reports (http://bit.ly/1ohJMuE ) the matter came to light after the recent...
08/22/14 08:45 AM
BROWNSVILLE, Texas (AP) — Cameron County commissioners have agreed to waive 10 years of county taxes as part of an agreement bringing the world's first commercial site for orbital rocket launches to the southernmost tip of Texas. The county's governing board on Thursday also approved a draft of...
By Joseph Lawler | 08/21/14 08:30 PM
Companies aren't fleeing the United States because of a lack of tax competitiveness, a top tax expert says. They're leaving to use the trillions of dollars in cash they hold abroad to boost their stock prices.
By Joseph Lawler | 08/21/14 10:27 AM
President Obama may not be able to stop "corporate deserters" from taking up legal residency in low-tax countries. But it appears that his Treasury Department will try to make the prospect of leaving the U.S. as unattractive as possible.
08/20/14 09:45 AM
OMAHA, Neb. (AP) — A 65-year-old Omaha businessman has been given six months behind bars and must pay restitution for failing to forward taxes he'd withheld from his employees' paychecks. Federal prosecutors say Randall Thompson must serve three years of supervised release after he leaves...
By Associated Press | 08/20/14 08:20 AM
Maine's Democratic House speaker is outlining a series of policy proposals aimed at helping the state's rapidly aging population.
08/20/14 09:15 AM
BILOXI, Miss. (AP) — Biloxi officials say 160 property owners are advertising on the Internet to rent their homes and condos for a few days to a few weeks. Jerry Creel, community development director, tells The Sun Herald (http://bit.ly/1BBc79E) that most aren't licensed or aren't paying taxes...
08/19/14 04:46 PM
WASHINGTON (AP) — An "Obamacare" tax on medical devices is falling short of its revenue target because thousands of companies aren't paying it, according to a government audit released Tuesday. The audit by the Treasury inspector general for tax administration says the IRS needs to do a better...
By Betsy Woodruff | 08/28/14
By Byron York | 08/27/14
By Paul Bedard | 08/27/14
By Michael Barone | 08/27/14
By David M. Drucker | 08/28/14