From the category archives:

corporate

Tax Attorney Alleges Racism at Gucci

8 June 2011

Josephine Robinson, a former tax attorney for the Italian luxury fashion house Gucci has filed a lawsuit accusing the company of racial discrimination. The lawsuit, Robinson v. Gucci America (U.S. District Court, Southern District of New York, No. 11 CV 3742) which was filed on June 2, specifically names top executives in the company, including [...]

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California Steps Up Efforts to Tax Online Sales

3 June 2011

So I’m not one for “I told you so” but… Okay, who are we kidding? I totally am. About two and a half years ago, I suggested that California, despite its reputation as a mecca for start-up, tech and internet based businesses, might consider aggressively pursuing existing sales tax laws in an effort to draw [...]

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GAO Voices Concerns (Again) About Contracts, Grants Awarded to Delinquent Taxpayers

24 May 2011

Earlier today, the Government Accountability Office (GAO) released its prepared written testimony before the Permanent Subcommittee on Investigations, Committee on Homeland Security and Governmental Affairs, U.S. Senate. The five page report (longer if you include title pages and contact information) details the GAO’s findings about the American Recovery and Reinvestment Act of 2009 contract and [...]

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Antitrust Suit Filed Against Top Tax Preparer H&R Block

23 May 2011

Apparently we do have antitrust laws left in this country – when the mood strikes us, that is. The Department of Justice announced today that it has filed an antitrust lawsuit to stop H&R Block from buying 2nd Story Software, the company that makes TaxACT. Last year, H&R Block had annual revenues of $3.9 billion [...]

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Big Oil Tax Breaks Continue After Procedural Vote

18 May 2011

I said it would be a tough vote and it was: the Senate voted this week to block a proposal to curb tax breaks for big oil. The Democratic effort to launch S.B. 940, known as the Close Big Oil Tax Loopholes Act, would have ended tax breaks for the top five most profitable oil [...]

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Multinational Corporate Tax Holiday Gets New Interest

14 May 2011

Imagine for a minute how you’d feel if you found out that Congress passed a law that would allow your neighbor to pay less tax than you – a lot less tax than you – simply because they waited so long to do it. That’s exactly what a measure introduced this week by Rep. Kevin [...]

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IRS Asks for Input on Health Care Law

10 May 2011

The IRS is seeking input on the new health care law as it applies to large scale employers. Check it out by clicking here.

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Tax Breaks for Big Oil Back In the News

9 May 2011

The soaring price of gasoline is definitely attracting some attention these days. According to the most recent data available, it will cost you, on average, $1.065/gallon more to fill your tank this year than at the same time last year. Considering that the typical American drives 13,476 miles per year, that means that we’re spending [...]

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Amazon Does Cayce: Will Porn Keep the Online Giant Out of SC?

25 April 2011

Amazon.com is upping the stakes in its quest to avoid sales tax on online sales. The online sales giant has promised to build a distribution center in Cayce, South Carolina (just west of Columbia) that will reportedly create 1,200 jobs in the first year alone. But. And it’s a big but. The company wants assurances [...]

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US Uncut and GE: Imagination (and Hoaxes) at Work

13 April 2011

Just around noon, a story caught my eye on Twitter. It was a link to a Forbes story claiming that GE had issued a press release confirming that the company had decided, in the midst of public outrage, to return its $3.2 billion refund. I almost choked on my coffee. What company does this? The [...]

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