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Apple skirts U.S. taxes, panel finds
WASHINGTON — Apple Inc., one of the most successful and valuable companies on the planet, will be tested Tuesday when Chief Executive Tim Cook testifies about the company's controversial tax practices before a hostile Senate subcommittee. Should...
Tags: John McCain, Republic of Ireland, Apple Inc., Taxation, Tim Cook
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Report: Apple avoided billions in U.S. taxes on foreign income
This post has been corrected. See the note at the bottom for details WASHINGTON -- Apple Inc. has used an elaborate web of offshore subsidiaries to avoid paying billions of dollars in U.S. taxes on $44 billion in foreign income over the past four years,...
Tags: U.S. Senate, Republic of Ireland, Apple Inc., Microsoft Corporation, Hewlett-Packard Co.
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Baltimore water bills could rise by 15 percent
Customers of Baltimore's water system would see their water bills go up 15 percent — more than expected — under a proposal the Department of Public Works announced Monday. The projected rate hike follows years of increases and will bring a...
Tags: Mary Pat Clarke, Stephanie Rawlings-Blake, Water Supply, Consumers, U.S. Conference of Mayors
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52% of low-income, minority CTA riders paying more
As South Side and south suburban Chicago Transit Authority riders figure out the best way to get to work and other activities Monday without Red Line Dan Ryan service, a new analysis shows that the CTA's fare increases for one-day and seven-day passes...
Tags: Crime, Law and Justice, Railway Transportation, Social Issues, Travel, Chicago Tribune
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COLUMN: Tyranny is no longer 'lurking'
Given last week's revelation that the IRS targeted conservative groups seeking tax-exempt status, it's worth recalling President Barack Obama's Ohio State University commencement address. The president decried "voices" warning "that tyranny is always...Tags: Politics, Internal Revenue Service, Taxation, Tea Party Movement, Elections
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Minnesota legislature OKs new higher top income tax bracket
ReutersMINNEAPOLIS, May 20 (Reuters) - Minnesota's lawmakers on Monday approved a bill that would raise more than $2 billion for the upcoming two-year budget through income and other tax increases, allowing the state to close a $627 million structural budget...Tags: Public Officials, Politics, Career and Workplace, Taxation, Mark Dayton
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WRAPUP 1-Apple, Congress spar over taxes ahead of Tuesday hearing
ReutersBy Patrick Temple-West and Poornima Gupta WASHINGTON/SAN FRANCISCO, May 20 (Reuters) - Using an unusual global tax structure, Apple Inc has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a U.S....Tags: U.S. Senate, Republic of Ireland, Microsoft Corporation, National Government, Taxation
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Why USC and not a black college, Dr. Dre?
I was in Detroit preparing to give a speech last week when the news came across my Twitter feed: "Dr. Dre and music producer Jimmy Iovine donate $70 million to USC to create new degree." As one of the first university presidents from the hip-hop...
Tags: Howard University, Oprah Winfrey, Morehouse College, Music, Human Interest
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Counties, city face potential loss of piggyback revenue
Maryland's counties and Baltimore face a collective loss of more than $40 million a year and some taxpayers could get refunds if a decision by the state's highest court isn't reversed on appeal to the U.S. Supreme Court. The state Court of Appeals ruled...
Tags: Credit and Debt, Judges, Politics, Crime, Law and Justice, Douglas F. Gansler
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More poverty in Baltimore's suburbs than in Baltimore
More people live in poverty in Baltimore's suburbs than in the city itself, part of a nationwide shift that is challenging the largely urban assistance network built up over decades. Suburban poverty in the Baltimore area grew 58 percent between 2000 and...
Tags: Dundalk, Social Issues, Brookings Institution, Environmental Issues, Think Tanks
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Tax relief available to seniors in Hamden
New Haven Register, Conn.As taxes are set to increase in town, so too is tax relief for its neediest residents. A program that provides tax relief for low-income elderly and/or disabled homeowners is being expanded. "One of the things that we recognize is, just like there are...Tags: Credit and Debt, Politics, Taxation, New Haven (New Haven, Connecticut), Hamden (New Haven, Connecticut)
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Minnesota Legislature: As spending bills clear, time to talk taxes
St. Paul Pioneer PressMinnesota legislators were putting the finishing touches on the state's $38 billion two-year budget during late-night debates that paved the way to adjourning by midnight Monday, May 20, the deadline for the session. By Sunday night, lawmakers had...Tags: Regional Authority, Minnesota Legislature, Executive Branch, Crime, Law and Justice, Taxation
May 20, 2013
|Story| Los Angeles Times
May 20, 2013
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|Column| Chicago Tribune
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May 21, 2013
|Story| Los Angeles Times
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|Story| Baltimore Sun
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|Story| Baltimore Sun
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|Story| McClatchy-Tribune
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|Story| McClatchy-Tribune
Original site for Personal Income topic gallery.