Corporate tax news — from filing obligations to policy changes affecting businesses of every size.
Are prison stripes the next fall look for Domenico Dolce and Stefano Gabbana? The Italian fashion duo has been found guilty of tax evasion by Judge Antonella Brambilla and sentenced to one year and eight months in prison. Neither Dolce nor Gabbana appeared at the sentencing in Milan and have continued to deny the charges….
On the last day of the G8 summit in Northern Ireland, a number of major world leaders agreed on new measures meant to ensure tax compliance by individuals and companies. The focus on tax evasion was a major part of the agenda set by British Prime Minister David Cameron: tax, trade, and transparency, or the…
Wal-Mart Stores, Inc., (Walmart) had mostly good news for Wall Street yesterday when it reported earnings of $3.78 billion, or $1.14 per share, in the first quarter. Those earnings were consistent with Walmart’s expectations of $1.11 to $1.16 per share and just short of analysts’ average forecast of $1.15 per share. Those earnings were likely…
You can’t be a real country unless you have a beer and an airline. It helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer. – Frank Zappa There was a time when, if following Zappa’s criteria, the U.S. might not have…
Americans are addicted to gasoline, according to retired General Motors Vice Chairman Robert A. Lutz, and there’s only one cure: higher gas taxes. Lutz, who held positions at GM, BMW, Ford, and Chrysler before returning to GM in 2001 spoke to a crowd earlier this month at the SAE (Society of Automobile Engineers) 2013 World…
Wal-Mart had the worst sales start in seven years. So what gives? Are consumers unhappy with Wal-Mart or is it something more?
I love a good cruise story – even those gone bad. Gilligan’s Island? I’d totally live with those seven strangers (did anyone else find the Professor dreamy?). And the Titanic? Even when dying, Leonardo DiCaprio managed to make Kate Winslet swoon. Being shipwrecked or smacking into an iceberg at least makes a good romantic story….
Dear corporate types, I do love the B52s but under no circumstances should “Rock Lobster” be played – and danced to – at a company party. That was my tweet on yesterday. I happened to be working at a venue not far from such a party. It was a mishmash of mostly middle-aged corporate types…
So what do Vice President Joe Biden and I have in common? We both have a Costco card. It’s true. If you follow the blog (or me on @twitter), you know that I recently moved out of the city. And once here, I consulted my “What to do when you move into the suburbs” handbook…
Math is, apparently, really hard. A new study released by the Institute for Policy Studies has revealed the following, very not so shocking information: a number of U.S. companies paid their CEOs more last year than they paid the federal government in tax. This is where you’re expecting a big rant, right? Nope. Morality and…