Tag: taxes
Firestorm brews over IRS targeting of right-wing groups for additional scrutiny
Late last week, an IRS official apologized for her department targeting right-wing groups for additional scrutiny. Over the weekend, various media outlets got a look at a pending inspector general report. The report is expected to be released publicly this week, but the controversy is already swirling....
Tax-exempt bonds fund some private projects
Billions of dollars from state and local governments are under scrutiny because private corporations are using them to fund tax-free projects. One reporter says this is a loophole that needs to be reviewed....
Deal near, but work remains, to avert fiscal cliff crisis
The efforts to avert the fiscal cliff started slowly but took on urgency over the past 72 hours. All signs point to a broad outline of a deal being reached, but it remains unclear whether both the U.S. House and U.S. Senate will be able to vote on it before the night is over....
Local officials find difficulties in evaluating effectiveness of business tax incentives
States are competing against each other with tax incentives in the battle for jobs. But once incentives are given out, some are finding it impossible to determine whether they're getting any return on their investment....
Fiscal cliff debate: No progress as tax cuts set to expire
President Barack Obama and the Republicans are digging in their heels over proposals to resolve the crisis of the fiscal cliff. So far, both sides say no progress has been made and seem to be trying to lower expectations for a deal....
6 questions that help explain how the fiscal cliff will affect you
If you've heard about the impending fiscal cliff America is heading toward, you're probably wondering what barriers are in the way to stop us from hurtling over and if we shouldn't manage that -- what's waiting for us at the bottom of the ravine....
France considers big tax hike on key ingredient in Nutella
France is wild about Nutella, the hazelnut-flavored chocolate sauce that's perfect at any meal. But to make it requires palm oil, and French legislators have an eye on palm oil with a new tax. It's just the latest in the fat tax movement by governments around the world....
Germans angered over Catholic Church's decision to deny sacraments for church tax scofflaws
Germany has long required people who are members of a church or a synagogue to pay a tax that supports the church and its operations. But as more Catholics decline to pay, the church is telling them if they don't pay, they won't be allowed to receive church sacraments....
N.Y. strip club arguing it deserves same tax exemptions as other dance companies
Is a strip club equivalent to a ballet company? In the eyes of the tax man in New York, the answer is a resounding no. But one strip club in Albany wants that to change and is in the midst of a three-year legal battle to try and get that changed....
Detroit voters agree to hike their own property taxes -- for the arts
Detroit has been hit harder by the recession than many, perhaps most, American cities. Budgets have been cut, payrolls have been slashed. But earlier this month, voters in that city decided they would raise their own taxes, to help fund their art museum....
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