Michelle Bachelet, who takes over the presidency of Chile for the second time on Tuesday, plans to spend $15 billion on ambitious reforms aimed at redressing steep income inequality. Center-left Bachelet, who governed as Chile's first female president from 2006 to 2010, won an easy victory in December's election and takes over from the conservative […]
The Italian government of Matteo Renzi will propose a 10 billion euro cut to income tax, daily newspaper La Repubblica reported on Saturday, without giving a source for the information. But the 39-year-old must tread carefully to pursue growth without breaking European Union spending rules. The European Commission put Italy on its watch list last week due to […]
Construction companies hired. So did accounting businesses ahead of income tax season. And restaurants. Even state and local governments. Despite severe winter weather, U.S. employers added 175,000 jobs ...
(Reuters) - Warehouse retailer Costco Wholesale Corp reported a bigger-than-expected 15 percent fall in quarterly profit as unusually deep discounting in the holiday shopping season hurt margins, sending its shares down as much as 3.6 percent. Weaker gross margins, particularly during the holiday shopping season, and lower international profit due to a weake […]
WASHINGTON (AP) — The former Internal Revenue Service official at the heart of the controversy over the agency's targeting of conservative groups once again refused to answer questions at a House hearing Wednesday amid signs that a congressional investigation into the affair may be stalling.