LOS ANGELES, July 24 (Reuters) - U.S. President Barack Obama on Thursday hammered U.S. companies that avoid federal taxes by shifting their tax domiciles overseas in deals known as "inversions" and called on Congress to pass a bill to end the practice.
NEW YORK, July 24 (Reuters) - A series of European law firms are aggressively pitching low corporate taxes in their countries to prospective U.S. clients, seeking to tap into the tax inversion frenzy that has seized Corporate America in recent months.
does not guarantee its accuracy.) Capital appreciation from bond funds and discounted bonds may be subject to state or local taxes . Capital gains are not exempt from federal income tax. Lower-rated securities are subject to greater credit risk, default
YHOO an interesting takeover target for Alibaba has to do with taxes . If Alibaba were to acquire YHOO, a significant tax bill would ..... of Alibaba, YHOO is expected to pay $10- $20 billion of taxes when it sells its entire Alibaba stake. YHOO's Alibaba shares
strong interest in MLP conversions, the IRS is currently conducting an internal review ..... private letter rulings. We would expect the IRS to be stricter on defining qualifying income ..... least one process step removed from what the IRS would define as qualifying income, which
credits, as well as from the amortization of tax-deductible goodwill, which can significantly reduce the amount of actual cash taxes the firm pays in any given year. In essence, Legg Mason is offsetting lower profit margins with a significantly lower cash
utilized "dubious" financial products to help these funds avoid taxes and do an end-run around federal laws regarding risky investments ..... hedge funds. One fund skirted an estimated $6.8 billion less in taxes than if the Complete Story »
BELGRADE, July 24 (Reuters) - Serbian oil company NIS reported a 5 percent fall in first-half net profit due to higher taxes and will have to cut spending on projects in the second half.
BUDAPEST, July 24 (Reuters) - High demand for the Hungarian central bank's new interest rate swaps ( IRS ) shows that commercial banks have been buying government debt heavily, a senior central banker told Reuters.
LOS ANGELES, July 24 (Reuters) - U.S. President Barack Obama will call on Thursday for an end to a corporate loophole that allows companies to avoid federal taxes by shifting their tax domiciles overseas in deals known as "inversions," White House officials said.