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Latest Tax Stories

2014-06-25 16:20:51

Mineta Transportation Institute's fifth annual transportation tax survey could guide legislation. SAN JOSE, Calif., June 25, 2014 /PRNewswire-USNewswire/ -- Do Americans dislike gas tax increases as much as conventional wisdom implies? Not necessarily, according to a new Mineta Transportation Institute research report, What Do Americans Think about Federal Tax Options to Support Public Transit, Highways, and Local Streets and Roads? Results from Year Five of a National Survey. The study finds...

2014-06-24 10:26:54

The University of Sheffield Supermarkets in the UK could be hindering efforts to reduce harmful drinking by not fully passing tax increases onto the price of the cheapest beers and spirits, according to health and business researchers. A pioneering study, led by the University of Sheffield’s School of Health and Related Research (ScHARR) with business experts from the University of East Anglia and Loughborough University and funded by the Medical Research Council, discovered...

2014-06-24 08:27:52

New Orleans Has Most Cost-Competitive Tax Structure Among U.S. Mid-Market Cities; Baton Rouge Fares Best in Small-Market Category NEW YORK, June 24, 2014 /PRNewswire/ -- Cincinnati, Cleveland, Atlanta, Baltimore and Pittsburgh offer the most favorable tax structures for businesses among U.S. cities/locations with populations exceeding 2 million, according to a study released today by KPMG International (KPMG). Of the 51 large international cities highlighted in the study, Cincinnati,...

2014-06-24 08:20:40

LISLE, Ill., June 24, 2014 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) announced today that its Board of Directors approved an amendment to the company's Stockholder Rights Plan that, in essence, turns the existing Stockholder Rights Plan into a Tax Asset Protection Plan. This Tax Asset Protection Plan was adopted to protect the long-term value of Navistar's substantial tax assets and will expire on September 1, 2014. The existing Stockholder Rights Plan was to...

2014-06-23 12:25:11

Bloomberg BNA and PwC Provide Guidance on FATCA for Tax Professionals ARLINGTON, Va., June 23, 2014 /PRNewswire-USNewswire/ -- Bloomberg BNA today released a new Tax Management Portfolio, FATCA -- Information Reporting and Withholding Under Chapter 4, in which distinguished international tax practitioners at PricewaterhouseCoopers LLP analyze the reporting and withholding requirements imposed by FATCA on both financial and non-financial institutions. The Portfolio examines the...

2014-06-19 08:21:38

NORTHBROOK, Ill., June 19, 2014 /PRNewswire/ -- The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of May 2014 of $440 million, pre-tax ($286 million after-tax). Catastrophe losses occurring in May comprised eleven events at an estimated cost of $400 million, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses. Three severe weather events accounted for over 78% of the estimated catastrophe losses for May events....

2014-06-18 16:21:21

In the news release, NATSO Applauds Proposal to Increase Federal Fuel Tax, issued 18-Jun-2014 by NATSO, Inc. over PR Newswire, we are advised by the organization that the fifth paragraph, first sentence, should read "The Highway Trust Fund currently is funded by an 18 cents-a-gallon tax on gasoline and a 24 cents-a-gallon tax on diesel," rather than "The Highway Trust Fund currently is funded by an 18 cents-a-gallon tax on gasoline and a 22 cents-a-gallon tax on diesel," as originally...

2014-06-18 16:21:02

ALEXANDRIA, Va., June 18, 2014 /PRNewswire-USNewswire/ -- NATSO, the national association representing truckstops and travel plazas, today applauded a proposal by Sens. Chris Murphy (D-Conn.) and Bob Corker (R-Tenn.) to raise the federal fuel tax and index it to inflation to keep the Highway Trust Fund solvent. The Murphy-Corker proposal would raise the fuel tax 6 cents a year over two years, and index the tax to the Consumer Price Index. "We commend Senators Chris Murphy and Bob...

2014-06-17 13:28:53

Monash University A tax on sweetened soft drinks could be an effective weapon in the war against obesity, generating weight losses of up to 3.64 kilograms as individuals reduce their consumption. Researchers from Monash University, Imperial College London and University of York and Lancaster University, England have estimated the extent to which drinking habits would change if beverages such as carbonated non-diet soft drinks; cordials and fruit drinks were taxed. Lead author Dr...

2014-06-13 12:21:20

BOSTON, June 13, 2014 /PRNewswire/ -- Atlantic Power Corporation (TSX: ATP) (NYSE: AT) (the "Company" or "Atlantic Power") today announced its distribution for the month of June 2014. A dividend of Cdn$0.03333 per common share will be payable on July 31, 2014 to holders of record at the close of business on June 30, 2014. Tax Information for Shareholders Atlantic Power Corporation designates its entire dividend to be an "eligible dividend" pursuant to subsection 89(14) of the...


Word of the Day
kenspeckle
  • Having so marked an appearance as easily to be recognized.
This word may come from the Swedish 'kanspak,' quick at recognizing persons or things, or else from confusion with 'conspicuous.'