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    • Lead lawmaker's bill would address Chicago school pension shortfall
      Illinois Senate President John Cullerton on Tuesday proposed legislation aimed at providing pension funding relief for the Chicago Public Schools, while meeting Governor Bruce Rauner's call for a local property tax freeze. The bill, set to be heard by the Senate Executive Committee on Wednesday, would require the state to pay a much bigger share of Chic […]
    • Former Illinois congressman Reynolds indicted on tax charges
      By Mary Wisniewski CHICAGO (Reuters) - Former U.S. Representative Mel Reynolds, already convicted of having sex with an underage campaign worker, was indicted again for failing to file income tax returns for 2009 through 2012, federal prosecutors said on Friday. Reynolds, 63, who was charged on Thursday, faces up to a year in prison and a $250,000 fine for e […]
    • Polish opposition party plans to cut corporate tax for small firms: report
      The Polish opposition party Law and Justice (PiS) wants to cut the Corporate Income Tax (CIT) for small companies as part of its wider plan to boost the economy, PiS candidate for prime minister Beata Szydlo told Rzeczpospolita daily on Thursday. The construction of Polish economy has to be started from supporting our entrepreneurs. "(...) We propose lo […]
    • California governor signs $115.4 billion budget
      California Governor Jerry Brown signed a $115.4 billion budget package on Wednesday in a compromise with the Democratically controlled legislature that expands some social programs but holds back on funding for others. Brown, a fiscally moderate Democrat, has successfully pushed lawmakers to hold back spending despite improvement in California's financi […]
    • Indonesia considers tax amnesty for financial crimes: tax office head
      By Hidayat Setiaji and Eveline Danubrata JAKARTA (Reuters) - Indonesia's tax office is considering a tax amnesty for financial crimes, in a move that could bring at least 100 trillion rupiah ($7.5 billion) into state coffers, the director-general of taxes said on Wednesday. Southeast Asia's biggest economy is grappling with its weakest growth in si […]