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VIDEO: Credit Suisse helped 'tax cheats'

2014-05-20 08:47:49| BBC News | Business | UK Edition

The Swiss banking giant Credit Suisse has pleaded guilty to helping some US clients avoid paying taxes to the government.

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EU may challenge U.S. tax breaks in Boeing-Airbus trade dispute

2014-05-17 12:49:09| Railroads - Topix.net

Boeing 737 fuselages are delivered by Burlington Northern Santa Fe train to a Boeing manufacturing site in Renton, Wash., Feb. 27, 2014.

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Dysfunctional Senate fails to extend wind tax credit

2014-05-16 20:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: The wind energy tax credit has been sucked into the maw of senatorial dysfunction. As National Journal reports, Rejecting Democratic overtures to work out a plan for amendments, Senate Republicans blocked sprawling, bipartisan tax legislation Thursday, heightening the chances that Congress won`t work the issue out until the lame-duck session after the November elections. The wind energy tax credit is part of that package, and losing it threatens the nascent industry. Thanks to Republicans`...

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Chile set to pass a carbon tax

2014-05-15 12:52:00| Climate Ark Climate Change & Global Warming Newsfeed

Voxxi: The United States government is taking a strong public position on climate change. By now everybody`s heard it: The White House has recognized that climate change is already being felt in many corners of the US, and the worst is yet to come. One of Barack Obama`s major plans for cutting America`s greenhouse gas emissions is to wean the country off oil. The president even flew to California to get people revved up about renewable energy. But the US had a very different message down in Chile,...

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Fate of Ohio's oil and gas severance tax bill is uncertain

2014-05-15 11:58:00| Climate Ark Climate Change & Global Warming Newsfeed

WKSU: A new tax on oil and natural gas drillers is halfway through the legislature, but is facing an uncertain future. Statehouse correspondent Karen Kasler reports on the debate in the House. The bill puts a 2.5 percent severance tax on gross receipts on shale wells that are horizontally fractured, and allows drillers to deduct the commercial activity tax they pay from the severance tax they owe. It is estimated that will bring in $316 million over five years, which would go to an income tax cut. That...

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