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New Tax Law Packed With Breaks For Business

Tucked into the "fiscal cliff" tax package approved by Congress are billions of dollars in tax breaks that should make the new year a lot happier for businesses of many stripes, including film producers, race track owners and the makers of electric motorcycles. In all, more than 50 temporary tax breaks were renewed through 2013, saving businesses and individuals about $76 billion. Congress routinely renews ...

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Online Sales Tax To Be Added To Defense Authorization Bill

  This may be the last Christmas of online shopping without paying sales tax. A proposed online sales tax has been offered as an amendment to the National Defense Authorization Act,¬†much to the ire of opponents. The¬†Computer¬†and Communications Industry Association, a group that opposes this move, says that an online sales tax will burden small businesses, ‚Äúsome of the most promising candidates for futu ...

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Starbucks To Pay £10m Tax After Customer Revolt

Starbucks is volunteering to pay £10m in taxes in each of the next two years as it attempts to win back customers following revelations that it has paid no corporation tax in the UK in the past three years. Kris Engskov, managing director of Starbucks UK, said he was surprised by the public outcry at the company's use of complex tax arrangements and vowed to make the payments to HM Revenue and Customs for t ...

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Ebay’s Double Tax Base Prompts Calls For Investigation

Britain and Germany may have missed out on a combined $1 billion (623 million pounds) in sales tax since online marketplace eBay picked a tiny Luxembourg office as its base for EU sales, a shift that lawmakers say should now be investigated. EBay's nomination of Luxembourg unit eBay Europe Sarl - with a staff of nine - as its provider of services to EU clients allows it to charge customers in Europe a low r ...

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German Parliament Sends ‘Google Tax’ To Committee

German lawmakers are sending legislation on possible copyright restrictions on Internet search engines, commonly called the "Google Tax," to an expert committee for further review. The levy, being pushed by publishers, would require search engines to pay each time they link to media content like newspaper articles or photographs. ‚Ä® After a debate that began close to midnight, Parliament said Friday the matt ...

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First Cracks In GOP Stance On Higher Tax Rates

The first cracks are developing among Republicans over whether to accept a quick deal with President Barack Obama on allowing the top two income tax rates to expire, even as an administration official said the White House was stepping up behind-the-scenes negotiations. Conservative Oklahoma GOP Rep. Tom Cole told GOP colleagues in a private meeting Tuesday that it's better to make sure that tax cuts for the ...

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10 Things You Need to Know About the Affordable Care Act

As the Affordable Care Act moves quickly to its implementation, there are a number of questions consumers have about how it will really impact their lives. While there is still time for most of the law to take effect, there will be substantial changes for consumers, employers, states, insurance companies and doctors. Here are a few questions that may help consumers better understand how the Affordable Care ...

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Obamacare’s Real Costs

First of all, allow me to disabuse you of the notion that Obamacare has anything to do with ‚Äúhealth‚ÄĚ care. Obamacare is not about health. It‚Äôs not about lowering the cost of health insurance. And it‚Äôs not about ensuring that everyone is insured. It is about locking more Americans into the clutches of the Big Pharma/Medical Industrial complex, providing more customers for Big Insurance and confiscating more ...

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