Corporate tax news — from filing obligations to policy changes affecting businesses of every size.
Oh media, stop trying to create drama where there is none… Days after the IRS confirmed that some compensatory payments to victims of the Gulf Spill are taxable, the news is filled with sensational headlines implying that this is some kind of evil money grab by the government. Shame on those reporters. What’s happening in…
When I was a little girl, rather than completely clean up my room, I used to decorate it. I’d make a tissue flower and put it in the corner or hang a lovely paper chain on the bed. I guess I figured that if I prettied it up a bit, it would distract my parents…
The Senate failed to say no to $35 billion worth of tax breaks for the oil and gas industry on yesterday. I know, double negatives. But that’s the easiest way to describe it. You see, Senator Bernie Sanders (I-VT) introduced a provision that would have limited write offs for drilling expenses, eliminated a tax deduction…
Forget dying birds. Who cares about poisoned fish? Those sick fishermen? They’ll totally get over it – after all, it was food poisoning, right, Tony Hayward? What we need in this country is cash. And we can exploit the BP spill to get it. Democrats in the Senate have come up with a way to…
If Senator Charles Schumer (D-NY) gets his way, the cost of calling for tech support is going up. Under a new proposal, US companies would be taxed 25 cents per call outsourced to a foreign call center; there would be no fee for calls transferred to a call center inside the US. The bill would…
The most recent statistics show that the federal unemployment rate is at 10.2%, the highest in more than 20 years. Despite indications that the nation’s economy might otherwise be improving, most Americans agree that unless folks can find jobs, a complete recovery is not likely. With pressure from constituents to try to turn things around,…
As the headlines continue to batter Wall Street this week (my favorite story du jour being this one from CNN: “SEC staffers watched porn as economy crashed”), politicians are taking the opportunity to take a second look at a tax aimed at punishing slapping on the wrist warning sending some kind of message to the…
Ah, Ireland. Land of leprechauns, rainbows and… low corporate taxes. That’s right: Ireland is a tax haven. Over the past few years, Ireland has been taking increasing heat from its near neighbors and the US for its perceived efforts to lure corporations to the Emerald Isle. Already facing criticism from many in the UK, Ireland…
What if the head of Coca-Cola suggested a tax on sugary sodas to combat increasing instances of obesity? Or if the big three automakers heralded an increase in the gas tax as a way of repairing our highways? It would leave a lot of us scratching our heads. That’s why many IT folks were left…
This time of year, most of the focus in the media tends to be on negativity – taxes gone bad, driving folks out of business and others to distraction. That’s why it was heartening to see this story on CNN about a taxpayer who caught a break with the new tax laws. As previously blogged,…