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SAN FRANCISCO (Reuters) - California Governor Jerry Brown was elected in 2010 on a promise to fix the state's chronic fiscal crisis. His weekend announcement of a much bigger-than-expected shortfall in the state budget signals how far he still has to go.
Apple serves as a window on how technology giants have taken advantage of tax codes written for an industrial age and ill suited to today’s digital economy.
BUDAPEST (Reuters) - Hungary is considering a new tax on phone calls and Internet usage which could yield up to 50 billion forints ($221.38 million) a year and would help plug budget holes, website Origo.hu reported on Friday, citing economy ministry sources. Hungary, which is seeking a funding deal with the European Union and the International Monetary Fund, needs to prove to the EU that it can
(Reuters) - BP Plc reached settlements to resolve billions of dollars of claims from the 2010 Gulf of Mexico oil spill, and asked a U.S. judge for a long delay in any trial over remaining disputes stemming from the disaster.
The earned income tax credit returns billions of dollars to low-income working Americans with a one-time refund that can amount to 40 percent of annual income for some families.
WASHINGTON (Reuters) - President Barack Obama released tax forms on Friday that reveal he will probably pay a higher tax rate on much lower income than likely Republican opponent Mitt Romney in 2011, adding fuel to a Democratic election-year effort to raise taxes on the rich.
Spain approved several measures to crack down on tax fraud, seeking to reassure investors that it can replenish its coffers amid a $35 billion squeeze in the budget.
Some international investors are delaying investments in India, a sign of concern over a raft of new taxes proposed by the government.
While wealth managers have scrambled to keep up with new regulations from a global crackdown on bank secrecy, they also stand to benefit.
Support for tougher doping penalties and other protections for horses has grown after an analysis of safety issues at American racetracks.
WASHINGTON (Reuters) - Women have moved into top jobs at some of America's biggest and most recognized corporations including IBM, Pepsico and Archer Daniels Midland. But in their shadows, at the...
The Justice Department is waging an aggressive — and controversial — campaign against bribery in global business.
WASHINGTON (Reuters) - The U.S. Internal Revenue Service's new software system for handling electronic tax returns has experienced problems during the tax filing season, angering some taxpayers whose refunds have been delayed. In an issue that could draw congressional scrutiny, the IRS said it was addressing the software glitches and that delays in sending refunds to taxpayers would be minimal. T
A proposal would give the bloc the right to ban sovereign ratings if countries do not want them.
WASHINGTON (Reuters) - President Barack Obama made an opening offer in what could be a long negotiation with corporate America on Wednesday, putting forward his first detailed plan to cut the corporate tax rate.
(Reuters) - The Obama administration will propose slashing the top income tax rate for corporations to 28 percent from the current 35 percent, as part of a corporate tax reform plan that is set to be announced on Wednesday, the Wall Street Journal said.
WASHINGTON (Reuters) - Congress ended a three-month battle on Friday by passing legislation to extend a tax cut for 160 million workers, a boon for both the economy and Democratic President Barack Obama in this election year.
WASHINGTON (Reuters) - A deal to renew a payroll tax cut for 160 million U.S. workers through 2012 headed on Thursday toward congressional approval as Democratic and Republican leaders rallied support for the bipartisan agreement.

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