American based – but Italian owned – car manufacturer Chrysler was hoping to go public by the end of 2013. That’s now not likely to happen as questions about the company’s car issues are causing the company to slow the brakes.
So far this year, Ford Motor has earned an astounding $6.3 billion. That’s a pretty remarkable turnaround in a slow economy from the auto maker’s $14.8 billion loss in 2008. More profit means more tax revenue, right? Maybe not. The Michigan Economic Growth Authority (MEGA) is seeking tax cuts for the auto giant, as well…
I can’t imagine that this looked all that good on paper… Apparently, in an effort to recover the TARP money from banks and other groups that the White House is anticipating won’t actually be paid back to taxpayers, they’re going to tax the banks, who will likely pass along the tax to taxpayers – to…
It’s time for our annual review! Here are my picks for the top stories on taxgirl.com for the year: 10, Dancing With The Stars champ and race car driver Helio Castroneves is indicted on federal tax evasion charges. In a related story, my mother is stricken with grief and may never samba again (okay, I’m…
In a surprise move, the Bush administration has indicated that it might use taxpayer dollars previously earmarked for banks through the Troubled Asset Relief Program or TARP, to save the Big 3 automakers. No, no, don’t read it again. You got it right the first time. The White House had initially said “no way” to…
It’s Fix the Tax Code Friday! For most of the week, the headlines have involved the crisis in the automotive industry with eyes on the “Big Three”: Ford, General Motors (GM) and Chrysler. Execs from the Big Three jetted to DC to beg lawmakers for loans worth billions of dollars, warning that the failure to…
The Supreme Court will take a break today from the phenomenon that is Anna Nicole consider whether tax breaks that Ohio passed in order to woo DaimlerChrysler to build an assembly plant are constitutional. What Ohio did wasn’t unusual. In fact, many states and some municipalities (such as our own City of Philadelphia!) use tax…
