Tax Law 
New York’s new cap law holds down school tax hikes – Newsday
So far, the new tax cap seems to be doing its job, controlling the budget and tax increases of school districts. Tax hikes averaged only 2.6 percent on Long Island this year, the lowest regional increase in 15 years. Voters … Continue reading
Indian Minister Defends Changes to Tax Laws in Vodafone Case – Cellular-News
India’s Finance Minister, Pranab Mukherjee has defended the government’s decision to retrospectively change the tax laws in order to bypass a Supreme Court ruling that Vodafone shouldn’t pay a US$2.2 billion tax bill on its purchase of …
On eve of Facebook IPO, Sunlight exposes $3 billion tax break – ZDNet
All told, Senator Levin says the loophole will put an estimated $3 billion tax break in Facebook’s coffers. Again I restate: this is legal and Facebook’s actions are within the law. Those 1% are some pretty slick players. This is … Continue reading
NYC real estate tax break set to expire – again – CNBC
May 17 (Reuters) – A New York City tax break for cooperative and condominium apartments is set to expire and if it is not renewed – as it has been in the past – the city would get $445 million … Continue reading
NYC real estate tax break set to expire – again – Reuters UK
“If Albany does not act to reauthorize the tax abatement, roughly 365,000 New York City co-op and condo owners could see their property tax bills jump,” the Independent Budget Office said in a report. The report by Ana Champeny, an … Continue reading
Lawmakers pass tax bill before leaving after session, may return if LePage issues veto – Bangor Daily News
The tax cut, sent to LePage, would gradually lower income tax … During the two-year session, lawmakers overhauled health insurance laws, cut state debts, passed highway safety laws including a texting-while-driving ban, reduced the social …
A Bogus Tax Attack Against Obama – YAHOO!
Obamacare raises 18 different taxes.” But that’s dishonest nonsense. Only a few of the tax changes in the new health care law will fall on families making under $250,000 a year, or individuals making less than $200,000 for that matter. … Continue reading
Schumer Proposes Tax on People Like Saverin – Businessweek
“This tax-avoidance scheme is outrageous,” Schumer said … according to a summary of the legislation provided by Schumer’s office. A 1996 law empowers the U.S. attorney general to deny a visa to a former citizen who is determined …
Facebook billionaire’s tax dodge inspires punitive Act of Congress – Raw Story
Irate over news that billionaire Facebook co-founder Eduardo Saverin is renouncing his U.S. citizenship to avoid paying millions in taxes, two Democratic senators have announced a plan to prevent these kinds of tax dodges in the future …
Schumer to propose law to tax expats after Facebook co-founder renounces citizenship – New York Post
WASHINGTON — Democratic Sens. Chuck Schumer (NY) and Bob Casey (Pa.) will take aim at Facebook co-founder Eduardo Saverin Thursday when they introduce legislation designed to tax expatriates even after they have left the country. Saverin, who stands to …
