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Swedish Atomic Tax to Get EU Ruling Amid Industry Complaints
2015-10-01 11:21:32| Appliances - Topix.net
The European Union Court of Justice will make a preliminary decision at 10 a.m. in Brussels on whether Sweden's levy on the available power of reactors rather than the actual amount of electricity they provide violates the EU's energy tax directive. After the tax was increased by 17 percent in August, it now costs the nuclear industry about 4.6 billion kronor a year, according to lobby group Swedenergy.
Tags: industry
tax
swedish
complaints
Your Tax Dollars at Work
2015-09-29 18:56:56| Furniture - Topix.net
Your hard earned tax dollars have once-again been well spent by our government. The Washington Times reported last week that over the past decade, the EPA "has spent a whopping $92.4 million to purchase, rent, install and store office furniture ranging from fancy hickory chairsto a simple drawer to store pencils that cost $813.57."
Smucker's Big Heart Pet Brands get Ohio tax incentive
2015-09-29 11:36:44| Food - Topix.net
A state panel has OK'd tax incentives for the J.M. Smucker Co.' s potential relocation of its new pet foods business to Wayne County.
Online retailers face new Michigan sales tax requirement
2015-09-29 11:01:57| Apparel - Topix.net
A new law takes effect Thursday that will make your purchases at websites like Amazon.com and Overstock.com a bit more expensive. Digitial retailers with a presence in Michigan will now be forced to collect the state's six percent sales tax under the Main Street Fairness Law, which was passed with bipartisan support last year after a strong push by brick-and-mortar retailers.
Yahoo will sell Alibaba stake despite IRS tax stance
2015-09-29 08:50:00| Telecompaper Headlines
(Telecompaper) Yahoo said it plans to move forward with the sale of its stake in Alibaba Group even though the IRS has declined to rule on whether the transaction would be tax free, Reuters reported. Yahoo said earlier this month that the IRS had denied its request for a private letter ruling on whether the spinoff of its stake in Alibaba would be considered tax free. The sale is still subject to certain other conditions including the receipt of a legal opinion on the tax-free treatment of the deal under US federal tax laws, Yahoo said in a regulatory filing. Based on Alibaba's close on 28 September of USD 59.24 per share, Yahoo's 384 million shares in the e-commerce company are worth USD 22.75 billion. The value of the stake is slightly less than Yahoo's market capitalization of about USD 25.98 billion based on 941 million shares outstanding on 31 July and the close on 28 September. Many analysts say Yahoo's core business is worth close to nothing without its Asian assets.
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