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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: corporate tax

corporate tax stories: 5 news summaries

 Big Biz, Dems Rebel 
 on Offshore Tax Reforms 

Business groups and lawmakers worry about effect on US competitiveness

May 5, 09 12:00 PM CDT
(Newser) - President Obama’s plan to crack down on the tax practices of US-based multinationals has elicited much squawking from business groups and lawmakers who fear it may limit the competitiveness of American firms, the Hill reports. Even Democrats have greeted Obama’s proposals with trepidation: “I want to make... More »

MORE ABOUT:
Barack Obama • Democrat • corporate tax • big business • tax haven • Obama administration • tax shelter

Rangel Saved Loophole that Aided $1M Donor

Oil-drilling company helped finance NY rep's legacy project

Nov 25, 08 11:27 AM CST
(Newser) - As questions swirl over the methods Charles Rangel used to raise funds for a school in his name, a New York Times investigation finds that the New York representative and chair of the House Ways and Means committee fought to save a tax loophole that benefited one of the school's... More »

MORE ABOUT:
school • Charles Rangel • corporate tax • loopholes • political scandal • fundraising • tax shelter

Lean Times Prove Taxing for State Budgets

Shortfalls mean
serious cost-cutting,
fee hikes across US

Jul 24, 08 9:29 AM CDT
(Newser) - Reduced sales, income, and corporate taxes are forcing states to cut back on services and consider laying off workers as they look for ways to slash spending and balance budgets, the Wall Street Journal reports. The National Conference of State Legislatures says states face a $40 billion budget shortfall as... More »

MORE ABOUT:
income tax • US states • social services • recession • corporate tax • budget deficit • state sales tax

Rangel Pushes Corporate
Tax-Rate Cut

Tax-rate trim from 35% to 31% would be offset by eliminating tax breaks

Oct 23, 07 8:12 AM CDT
(Newser) - Rep. Charles Rangel, the Democratic chairman of the House Ways and Means Committee, has proposed a revised corporate tax structure that could lower corporate income taxes from 35% to between 30% and 31%. It would be offset by doing away with tax breaks for manufacturing in the US. The bill... More »

MORE ABOUT:
private equity • hedge fund • Charles Rangel • corporate tax

Bush Ready to 'Push Hard' for Biz Tax Breaks

But he knows it's
a tough sell

Aug 9, 07 7:04 AM CDT
(Newser) - President Bush is considering a new package of corporate tax breaks in a bid to perk up Wall Street, calm volatile markets and send a message the economy is sound, the Washington Post reports. At the same time he rejected Democratic proposals to allow Fannie Mae and Freddie Mac more... More »

MORE ABOUT:
taxes • Henry Paulson • business • Freddie Mac • Fannie Mae • Treasury Department • Federal Housing Administration • corporate tax • George W. Bush

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