Last Updated:March 27 @ 10:26 pm

Archives for Taxes - News

How about a tax on sweets?

WASHINGTON -- A tax on sugary drinks and snacks is one way a government panel of nutrition experts thinks Americans can be coaxed into eating better. Some members of Congress are already pushing back on the idea, saying the panel has overstepped its ...

Connecticut to super-rich residents: Please don't leave us

HARTFORD, Conn. (AP) — If you're a billionaire living in Connecticut, chances are the tax department is keeping an eye on you. In a state home to some of the richest Americans, tax officials go to some lengths to keep them — or, more accurately, keep ...

Tax identity fraud is a major problem nationwide

Tucson physicians Andreas and Maria Theodorou got a big shock when they filed their joint tax return last season -- someone else had already filed in their names, and had received a refund, too. The Theodorous are among at least 20 local physicians w ...

US companies look overseas for tax bill relief

A growing number of U.S. companies are looking to trim their tax bills by combining operations with foreign businesses in a trend that may eventually cost the federal government billions of dollars in revenue. Generic drugmaker Mylan Inc. said Monday ...

IRS to revise rules used to attack conservative political groups

The Internal Revenue Service is scrapping the proposed rules on political activities that were at the heart of the scandal in which the agency was accused of deliberately targeting conservative groups. After revelations that IRS employees were giving ...

Caterpillar digs in at hearing on taxes: We pay everything we owe

WASHINGTON -- Since 1999, Caterpillar Inc. has routed most of the profits from its foreign replacement parts business through an affiliate in Switzerland that employs a small fraction of the company's 118,000 workers and has no warehouses. The strate ...

Here's why politicians want to legalize pot

Colorado is rolling in the (cookie) dough. The tax figures are in, and in the first month of recreational pot sales, the state pulled in $2.1 million in tax revenue and fees, plus an additional $1.4 million from medical marijuana. Figures published b ...

Gov. Rick Scott calls for new $100 million business tax cut

Florida Gov. Rick Scott on Tuesday urged state lawmakers to cut the sales tax charged on commercial leases by $100 million a year. The Republican governor, who made the announcement at an Ace Hardware in an east Orlando strip mall, said the move woul ...

Medical device makers urge repeal of Obamacare tax

A full repeal of the Affordable Care Act appears unlikely, but Republicans and Democrats could unite to roll back an unpopular 2.3 percent tax on medical devices, which has cut into profitability at a handful of Chattanooga-area businesses and pushed ...

Medical-device makers take brunt of taxes for Obamacare

The nation will clear a major hurdle Tuesday toward full implementation of the Affordable Care Act, but the effort to pay for the law's provisions is hindering one of the region's biggest industries. Specifically, the law also known as Obamacare crea ...


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