Latest Tax Stories

U.S. Ranks First In 'KPMG Green Tax Index,' Tops Countries Using Tax Code To Shape Sustainable Corporate Activity

2013-04-25 08:28:54

NEW YORK, April 25, 2013 /PRNewswire/ -- The United States ranked first among 21 countries most actively using the tax code to influence sustainable corporate activity, according to the inaugural edition of the KPMG Green Tax Index, reflecting the country's extensive and long-established program of federal tax incentives for energy generally, including specific incentives for energy efficiency, renewable energy and green buildings. Japan, the United Kingdom, France, South Korea and...

Ball Reports First Quarter 2013 Results

2013-04-25 08:21:17

Highlights BROOMFIELD, Colo., April 25, 2013 /PRNewswire/ -- Ball Corporation (NYSE:BLL) today reported first quarter net earnings attributable to the corporation of $72.0 million, or 47 cents per diluted share (including after tax charges of $15.9 million, or 11 cents per diluted share for business consolidation costs, discontinued operations and other activities) on sales of $2.0 billion, compared to $88.3 million, or 55 cents per diluted share, on sales of $2.0 billion...

Ninetowns Reports Second Half And Full Year 2012 Financial Results

2013-04-24 16:31:30

BEIJING, April 24, 2013 /PRNewswire/ -- Ninetowns Internet Technology Group Company Limited (Nasdaq: NINE) ("Ninetowns" or the "Company"), one of China's leading providers of online solutions for international trade, today reports its financial results for the six-month period and full year ended December 31, 2012. Second Half 2012 Financial Highlights Total net revenues were RMB46.5 million (US$7.5 million), representing a 7% increase compared to RMB43.3 million for the second...

Marine Products Corporation Reports First Quarter 2013 Financial Results

2013-04-24 08:21:06

ATLANTA, April 24, 2013 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended March 31, 2013. Marine Products is a leading manufacturer of fiberglass boats under two brand names: sterndrive and inboard pleasure boats by Chaparral, including H2O Sport and Fish & Ski Boats, SSi and SSX Sportboats, Sunesta Sportdecks, Xtreme Towboats, Signature Cruisers and Premiere Sport Yachts, and outboard sport fishing boats by Robalo. For...

Ford Posts First Quarter Pre-Tax Profit of $2.1 Billion, Driven by Highest North America Profit in More than a Decade; Net Income of $1.6 Billion+

2013-04-24 08:20:42

DEARBORN, Mich., April 24, 2013 /PRNewswire/ -- Strong total company pre-tax profit was $2.1 billion, or 41 cents per share, a decrease of $147 million from a year ago; 15(th) consecutive quarter of profitability Net income was $1.6 billion, or 40 cents per share, an increase of $215 million compared with a year ago Positive Automotive operating-related cash flow was $700 million for the quarter -- the 12(th) consecutive quarter of positive cash flow -- with strong liquidity of...

Aware, Inc. Reports First Quarter 2013 Financial Results

2013-04-23 16:25:30

BEDFORD, Mass., April 23, 2013 /PRNewswire/ -- Aware, Inc. (NASDAQ: AWRE), a leading supplier of biometrics software and services and DSL service assurance software products, today reported financial results for its first quarter ended March 31, 2013. Revenue for the first quarter of 2013 was $5.6 million, an increase of 15% compared to $4.9 million in the same quarter last year. Operating income before patent related income in the first quarter of 2013 was $2.0 million compared...

Heartland Institute Experts Comment on Cloture Vote of Marketplace Fairness Act

2013-04-22 23:02:46

Tax and technology experts at The Heartland Institute – a free-market think tank – comment on Monday's cloture vote in the United States Senate on the Marketplace Fairness Act. CHICAGO, IL (PRWEB) April 22, 2013 The United States Senate today voted for cloture on the Marketplace Fairness Act (MFA), ending debate and leading to its likely passage soon in an up-or-down vote. President Barack Obama’s signature on the MFA would allow states to start charging sales tax on all online...

Google's UK Tax Bill For 2011 Defended By Executive Eric Schmidt

2013-04-22 10:09:21

Peter Suciu for redOrbit.com – Your Universe Online There are two things in life you can’t avoid – death and taxes. As many Americans filed their yearly income tax last Monday it is just proof that it is all but unavoidable. Just as many individual filers look for loopholes in the tax code as do large multinational corporations. But the question that comes up is just how “legal” some of those loopholes might be, given what a large company ends up paying in taxes. In many cases...

SGOCO Group, Ltd. Reports Unaudited Financial Results for the Fourth Quarter and Full Year 2012

2013-04-19 08:29:24

BEIJING, April 19, 2013 /PRNewswire/ -- SGOCO Group, Ltd. (Nasdaq: SGOC), ("SGOCO" or the "Company"), a company focused on product design, distribution and brand development in the Chinese flat-panel display market, today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2012. Given the significant changes to SGOCO's business model and balance sheet pursuant to the Sale of Honesty Group in the fourth quarter of prior year,...

Briggs & Stratton Corporation Reports Results For The Third Quarter And First Nine Months Of Fiscal 2013; Provides Revised Guidance

2013-04-19 08:20:36

MILWAUKEE, April 19, 2013 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE:BGG) today announced financial results for its third fiscal quarter and first nine months ended March 31, 2013. (Logo: http://photos.prnewswire.com/prnh/20120529/CG15020LOGO) Highlights: Third quarter fiscal 2013 consolidated net sales were $637.3 million, or 11.5% lower than the third quarter of fiscal 2012. Fiscal 2013 third quarter consolidated net income excluding restructuring charges was...