Editorial: A dire fiscal crisis calls for strong action Nov 9, 2008
Revenues from sales and corporation taxes are expected to fall by $3. 2 billion. (Sacramento Bee -- Opinion)
Pa. budget lags projections by 7 percent in Oct. Nov 1, 2008
Of the states major revenue sources, collections of sales taxes are 3 percent behind, personal income taxes are 2 percent behind and corporation taxes are a whopping 14 percent behind. The 7 percent shortfall, if projected over a full year, would tear a $2 billion hole in the states $28. (Carlisle Sentinel, PA)
ABCNEWS: Obama's New Attack on Those Who Don't Want Higher Taxes: 'Selfishness'... Nov 1, 2008
Power, pop, and probings from ABC News Senior National Correspondent Jake Tapper. is ABC News' Senior National Correspondent based in the network's Washington bureau. (The Drudge Report)
United for a Fife victory? Sir Alex puts his red shirt on Mr Brown Oct 30, 2008
Indeed even the main OilCompany BP set up to process Scottish Oilwas/is headquartered in England bringingwith it massive corporation taxes and highpaying jobs to London ... Indeed even the main OilCompany BP set up to process Scottish Oilwas/is headquartered in England bringingwith it massive corporation taxes and highpaying jobs to London. (Scotsman)
ED SULLIVAN SHOW SALUTES ALASKA First Alaska Oil Shipped to U.S. Oct 19, 2008
Hendrickson pointed out the similarities of the two states, adding that Maine has no state property, excise, income or corporation taxes. "I don't know how they exist," he commented. (Anchorage Daily News)
Obama's disastrous plan Oct 6, 2008
He says he plans to pay for his costly domestic agenda -- hugely enlarging Washington's role in health care, education, energy, environmental and infrastructure programs among others -- by boosting capital gains and corporation taxes and imposing a windfall profit tax on oil firms ... Increasing corporation taxes is also a terrible idea, especially in a weak economy. (The Augusta Chronicle)
California Budget Impasse Enters Eighth Week After Deadline Aug 4, 2008
For example, the Legislative Analyst's Office estimates that the state could save about $1 billion this year by suspending net operating-loss deductions for personal income and corporation taxes. For his part, Mr. Schwarzenegger remained hopeful, saying last week: "I will continue to work with the legislative leaders and negotiate the budget and ... I remain optimistic that we can get a budget in the next few days.". (Wall Street Journal)
HMRC powers a step too far? By Rebecca Benneyworth Jul 14, 2008
HMRC powers a step too far. By Rebecca Benneyworth - 14 Jul 2008. (Accounting Web, UK)
Business awards Salmond black marks Jul 13, 2008
Business has for the most part accepted that the SNP wants to transform Scotland into a lower tax, low intervention economy even if it accepts that corporation taxes are only likely to be significantly lowered in the event of a break up of the UK.. But some business people question how this can be reconciled with what they see as the SNP s leftwing tendencies, including a mistrust of the private sector. (Times Online)
Tiny UK isle to declare independence Jun 19, 2008
0-hectare) outcrop would be not be part of the United Kingdom but run its own affairs and have no income, sales, property or corporation taxes. The 65-year-old, known locally as "Captain Calamity" after being rescued on a doomed circumnavigation attempt of the British isles seven years ago, also plans to issue his own currency, the Forvik gulde, stamps and a flag. (Sydney Morning Herald -- World)
STATE: Governor gambles budget on lottery May 15, 2008
3 billion and corporation taxes are expected to grow by 904 million to 11 billion, according to budget documents. Sacramento also collects cash from motor vehicle license fees, and insurance, liquor and tobacco taxes. (North County Times)
Tax reform? We got tinkering Apr 16, 2008
THE MASSACHUSETTS House of Representatives has passed a $392 million tax hike that provides for $217 million in new corporation taxes. The tax hike is being interpreted as a political victory for Governor Deval Patrick, who faces a need to pay for an ambitious spending agenda. (Boston Globe)
Whoopie -- it's tax day Apr 15, 2008
It is appropriate that there is legislation in the U.S. House of Representatives to close loopholes in corporation taxes. But that s been promised so often. (Bismarck Tribune, ND)
HMRC update FAQs on CGT clearance Mar 25, 2008
HM Revenue and Customs (HMRC) have just updated their guidance in relation to tax clearances and CGT reform, as it appears in their CGT FAQs as follows (Accounting Web, UK)
Call For 'Radical' Overhaul Of Tax System Mar 15, 2008
The CBI is calling for a "radical overhaul" of corporation taxes to help make the UK more competitive. Bold action needed. (Sky News)
Huebsch and Doyle deserve credit for compromise budget Oct 26, 2007
kamikazefaase wrote on Oct 26, 2007 2:00 AM:" Big Spender: Are we paying down the debt first created by the Thompson machine or increasing it because we don't get enough revenue from corporations? We must pay off the debt of this state as quickly as possible, examine all the state programs to target those worthy to continue or be eliminated. If I misread your blog, I apologize. If they have reduced our inherited $3.2 billion debt to $2.4 billion and plan to reduce it by another $700 million,... (La Crosse Tribune, WI)
Afloat: The neweconomics of trade Oct 3, 2007
For instance, if the US cuts corporation taxes, other countries may match to stay competitive. The result is no gain for the US, while profit taxes are lowered and tax burdens shifted on to wages, which widens income inequality. (Asia Times Online)
Conservatives Propose Tax Reductions on Assets, Business to Attract Rich Aug 17, 2007
He also recommended the Conservatives go further than the government in reducing corporation taxes. Brown already plans to reduce the rate to 28 percent from 30 percent next year. (Bloomberg -- UK)
Travolta calls Greenwich home during filming Aug 6, 2007
The movie qualifies for the state's tax credit program, which allows 30 percent of the filming expenses in Connecticut to be sold as credits to a Connecticut company, which in turn uses the credits to pay down its state corporation taxes. Copyright. (Stamford Advocate)
Edwards: From Blair to Brown Jul 25, 2007
"Virtually every speech for the last ten years has been a reassurance to business that Labour is on its side and a defence of 'free trade' and ensuring climates around the world favourable for British foreign investment, along with ongoing commitments to low corporation taxes and cutting business regulation. Brown is the ultimate liberalisation theologist and every one of his policies has pushed in this direction." (Curtis, interview, 'The future of British foreign policy,' ukwatch. net, May 7,... (Zmag.org)
Gordon Brown of Britain proposes a tax exemption for companies' overseas profit Jun 22, 2007
In March, Brown unveiled the biggest changes to the structure of corporation taxes in two decades, cutting the basic rate that companies paid while broadening the base of income that was taxed. The move was aimed at keeping up with efforts in Germany and France to attract business by curbing taxes and regulation. (International Herald Tribune -- Business Asia)
Schwarzeneggerboosts spending Jun 4, 2007
In the past, advocates of reform have sought to shift more of the state's revenue to more stable sources: sales, property and corporation taxes. But any tax change could produce winners and losers, creating political problems. (San Diego Union-Tribune)
Wall Street gains after Fed decision Mar 22, 2007
Further support came as Gordon Brown, the UK chancellor, unveiled a surprise income tax cut alongside a cut in corporation taxes in the Budget. Oil prices edged higher after news of a bigger-than-expected drop in gasoline supplies last week. (FT.com -- Markets)
Britain's Brown, expected to succeed Blair, springs surprise income tax cut in final budget Mar 22, 2007
LONDON Treasury chief Gordon Brown, the man expected to succeed Prime Minister Tony Blair within months, announced surprise cuts in income and corporation taxes in his 11th and likely last annual budget on Wednesday. As the opposition Conservative Party eats away at support for a Brown premiership, the treasurer also stressed his strong economic record, pledged more money to help overcome global poverty and attempted to boost his green credentials. (San Diego Union-Tribune -- Business)
Brown cuts income tax by 2p Mar 21, 2007
Corporation taxes were also cut by 2%, to 28. Of the so-called "sin taxes", from Sunday a pint of beer goes up 1p and wine 5p, but tax on spirits is frozen, while cigarettes go up by 11p from 5pm tonight. (Guardian Unlimited -- UK)
Tree Island Announces Fourth Quarter and Full-Year 2006 Results and Reduction to Cash Distributions Mar 5, 2007
" Results from Operations (thousands of dollars except for tonnage and per unit figures) 3 Months Ended Dec 31 12 months Ended Dec 31 -------------------------------------------------------------------------- 2006 2005 2006 2005 -------------------------------------------------------------------------- Sales Volumes Tons 41,648 57,305 228,317 263,695 Revenue 50,435 70,950 271,488 336,572 Cost of Goods Sold (45,011) (61,414) (225,784) (285,640) Depreciation (4,081) (4,927) (18,683) (20,310)... (CCNMatthews Press Releases)
