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  • Democratic senators appeal directly to Burger King CEO to stop inversion

    In a letter addressed to Burger King CEO Daniel S. Schwartz, Majority Whip Dick Durbin and four other senators urged the company to back out of the deal to merge with Canadian chain Tim Hortons and move the combined company's headquarters to Canada.

  • Buffett called GOP senator before Burger King deal

    Noting that he's friends with Buffett, Hatch said that the Omaha-based investor "called me to say, 'you gotta do something about tax inversions.' I believe that was before he entered into the Burger King situation. I think he wanted to know where we were going."

  • GOP tax writer: Treasury has a hidden tax-reform plan

    "I believe the Treasury Department has completed — or is very close to completing — such a plan, but refuses to make it public," House Ways and Means Committee Chairman Dave Camp said Wednesday.

  • Support wanes for stopping tax inversions before November elections

    Although lawmakers in both parties are concerned about them, Democrats aren't likely to call a vote regarding "tax inversions" before the election.

  • House OKs bill that would avert $1.1B tax payout

    LANSING, Mich. (AP) — Michigan would keep an estimated $1.1 billion it is at risk of being forced to refund to out-of-state companies under a bill approved Tuesday by the House, which moved to insulate the state from a potentially budget-busting court decision. On lawmakers' first day of a...

  • Schumer preps bill to penalize companies that inverted as far back as 1994

    The New York senator, the number three Democrat in the upper chamber, is likely to roll out the bill as likely as this week in an effort to forestall so-called corporate inversions.

  • Jack Lew: Decision on executive action on taxes 'in the very near future'

    Speaking at an event on business taxes at the Urban Institute in Washington, Lew placed the responsibility on Congress to address so-called tax inversions, but said that the administration was prepared to step in if lawmakers don't move quickly enough.

  • Summer break over, must-do tasks await Congress

    WASHINGTON (AP) — Summer break over and elections ahead, Congress is beginning an abbreviated September session with must-do tasks of preventing a government shutdown and extending a freeze on taxing access to the Internet. Lawmakers will find time, too, for votes conveying political messages...

  • We still don't know why Lois Lerner's Blackberry was wiped clean

    "I'm not aware," an IRS spokesman told the Examiner Friday. "I'm going to have to get back to you on that… Uh, let me see if there's anything I can get for you on that."

  • Reid promises new vote on expired green energy tax cuts

    The Senate majority leader told a green energy conference Thursday he'll take up legislation by the end of this year.

  • Half of complaints about tax preparers gather dust at IRS for months, IG says

    Nothing was done for months on end with nearly half of the taxpayer complaints submitted to the IRS about private tax preparers during 2012 and most of 2013, according to the Treasury Inspector General for Tax Administration. "Complaints against tax return preparers are not timely processed,"...

  • H&R Block CEO says Obamacare to add 'significant complexity' to tax season

    William Cobb said that the company was already taking steps to train its tax preparers based on the draft forms that the Internal Revenue Service has released to comply with Obamacare.

  • Portman pushes corporate tax reform

    On CNBC Wednesday morning, the Ohio Republican argued that companies like Burger King are moving their headquarters to other countries because U.S. corporate taxes are too high and too complicated.

  • Scott to begin two-week bus tour on tax proposals

    TALLAHASSEE, Fla. (AP) — Florida Gov. Rick Scott is beginning a two-week, 28-city campaign bus tour to promote proposed tax cuts as part of his re-election campaign. The tour begins Monday. Scott announced the tax cut proposals last week. It includes the eventual elimination of the corporate...

  • Democrats' hopes of backlash over 'deserter' Burger King are dashed

    Republicans on Capitol Hill are feeling no pressure to thwart those companies whom Democrats label corporate "deserters."



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