Treasury releases corporate taxes report
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The Treasury Department released a long-awaited study Thursday on overhauling the corporate tax code that detailed several options but made no recommendations, possibly signaling the Bush administration's intention to not push for changes in the president's final year.
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The Senate gave final approval yesterday to the most significant corporate tax legislation in nearly 20 years, sending President Bush a 650-page measure that closes egregious tax loopholes, reduces taxes for domestic producers, and doles out tax breaks for interests ranging from tackle box makers to native Alaskan whaling captains.
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Audits and lawsuits by the Internal Revenue Service raked in a record $43.1 billion in taxes last year -- about four times the agency&#39;s budget -- as the IRS audited more wealthy individuals
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Senators turned their attention Sunday to a wide-ranging $136 billion corporate tax bill as lawmakers whittle down their workload before leaving town for the elections.
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WASHINGTON -- The Senate passed a far-reaching, $136 billion corporate tax package today that cuts taxes for businesses ranging from film companies to bow and arrow makers while closing tax loopholes and bringing US exporters in line with international
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The Singapore government&#39;s investment arm, Temasek Holdings, released a public annual report Tuesday for the first time since its inception three decades ago, shedding some light on its long-secretive operations.
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Making big splurges this holiday season? The IRS released tax tables Friday to help taxpayers calculate whether they would benefit from a new sales tax deduction.
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The Senate is expected to follow the lead of the House and pass a major overhaul of corporate tax law that would dole out $136 billion in new tax breaks to a wide array of US companies and provide a $10.
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HOUSTON, Feb. 1  /PRNewswire-FirstCall/ -- Texas Petrochemicals, Inc.,  announced today it will release its fiscal second quarter 2007 financial results at 6:00 am Eastern Time on Monday, February 12, 2007.
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WASHINGTON - President Bush cleared the way for $136 billion in new tax breaks on businesses, farmers and other groups yesterday, quietly signing the most sweeping rewrite of corporate-tax law since 1986.
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Some of the United States&#39; biggest, most profitable corporations saw their federal income tax rates decline over the last three years, thanks to recent tax cuts, according to a liberal think tank in Washington.
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The Senate on Monday approved $137 billion in tax breaks for corporations and special interests over 10 years, including a $10 billion buyout for tobacco farmers.
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NEW YORK - The effective tax rate for America&#39;s largest and most profitable corporations has sharply declined in recent years, and one third of such companies paid zero taxes--or less--in at least one of the last three years, according to a study released
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Got an expensive house you want to sell but don't want to pay a bunch of tax on the profit? The Treasury Department has got a deal for you.
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The federal government could cut the corporate tax rate significantly without sacrificing revenue by eliminating an array of popular but narrowly targeted tax breaks such as the research-and-development tax credit, according to a Treasury paper released yesterday.
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The Internal Revenue Service said Monday it has added a new section to its Web site to answer tax questions for those losing their homes due to foreclosures.
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The Treasury is accused of climbing down over plans to tax wealthy foreigners, after it moved to clarify its position.