Tax Law 
Here’s a Corporate Tax Loophole a Porsche Could Drive Through – Minyanville
Volkswagen will be able to take advantage of a tax-law quirk that makes the transaction a “restructuring.” The net result: Volkswagen will cut its tax bill by as much as 90%. What’s Fair Versus What’s Right As is the case … Continue reading
Extending Middle Class Tax Cuts for 98% of Americans and 97% of Small Businesses – Whitehouse.gov (press release)
President Barack delivers a statement on the need for Congress to act to extend tax cuts for middle class families, in the East Room of the White House, July 9, 2012. (Official White House Photo by Pete Souza) Today the … Continue reading
Study: Small biz tax break would create 1M jobs – Politico.com
Ahead of a test vote Tuesday, Senate Democrats released a study showing that its small-business tax break plan would generate nearly 1 million jobs and boost GDP by $87 billion. If it becomes law, the Small Business Jobs and Tax … Continue reading
Brown’s tax measure can be first on ballot, judge rules – Los Angeles Times
Kenny ruled against Molly Munger, proponent of a tax proposal that rivals Brown’s. Munger contended in a lawsuit that Los Angeles County election officials and state legislators violated California law to make the governor’s plan first among the …
Small Business Tax Cut Bill In Senate Could Lead To Almost 1 Million Jobs, Study Estimates – Huffington Post
The Small Business Jobs and Tax Relief Act would grant small businesses 10 percent tax breaks for expanding payrolls either through hiring or raises, and would extend for another year the 100 percent bonus depreciation that businesses can take on … Continue reading
In poll, voters concur with Roberts on ‘tax’ – Washington Times
Voters tend to agree with Chief Justice John G. Roberts Jr.: The individual mandate at the heart of President Obama’s health care law is, in fact, a tax. Both Mr. Obama and Mitt Romney, his likely Republican opponent in November’s … Continue reading
Quinn signs veterans’ tax credit increase into law – CBS News
CHICAGO — Legislation that gives Illinois employers more incentive in hiring veterans by doubling the state’s income tax credit was signed into law Monday. Gov. Pat Quinn signed the bill that increases the tax credit from 10 percent to 20 … Continue reading
Tax Lien Sales: Elderly Are Losing Homes While Investors Reap Big Profits – MSN Money
Report Documents a Looming National Crisis; States Urged to Reform Tax Laws Download a PDF of the full report: http://www.nclc.org/issues/the-other-foreclosure-crisis.html BOSTON, July 10, 2012 /PRNewswire-USNewswire/ – Outdated state laws …
Obama Campaign Renews Call for Romney Release of Tax Returns – ABC News
Public release of a candidate’s tax returns is not required by law but has been precedent set by candidates in both parties. Democrats allege that Romney’s lack of transparency suggests that he has been “betting against America” through …
Obama to seek one-year extension for some of Bush tax cuts – Reuters
His Republican challenger, Mitt Romney, has suggested Congress wait to act until January, when he hopes to take office. The tax cuts enacted by Obama’s Republican predecessor, George W. Bush, will expire on January 1 without congressional action …
