By Karen Pierog and Dave McKinney CHICAGO (Reuters) - Illinois will seek to auction off its main building in Chicago, Governor Bruce Rauner said on Tuesday, adding that the Thompson Center is inefficient and that the sale will save the state money and generate property tax revenue for Chicago. Rauner declined to indicate the market value of the building, whi […]
Sellers of businesses who are residents of zero-income-tax states can reduce their federal income tax burden through a long-used type of trust typically used by residents of high-income-tax states. At ...
Standard & Poor's on Wednesday lowered the rating on about $167 million of Chicago revenue bonds six notches to BBB-plus from AA-plus because motor fuel tax revenue mainly backing the debt has stopped flowing to the city due to Illinois' budget impasse. As a result, bond payments are dependent on Chicago's "ability and willingness […]
By Byron Kaye and Swati Pandey SYDNEY (Reuters) - Australian businesses are turning their backs on bitcoin, as signs grow that the cryptocurrency's mainstream appeal is fading. Concerns about bitcoin's potential crime links mean many businesses have stopped accepting it, a trend accelerated by Australian banks' move last month to close the […]