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    • Japan Abe aide Hamada: Could do next sales tax hike in stages
      Japan could soften the impact of a planned sales tax increase by raising it in stages rather than IN a single hike, an outside adviser to Prime Minister Shinzo Abe said on Wednesday. Koichi Hamada, professor emeritus of economics at Yale University, also told Reuters that Abe should focus on structural reforms and slash corporate taxes deeper than currently […]
    • Insurers pay more tax on executive compensation under Obamacare: study
      When Washington eliminated corporate tax deductions on health insurance executive compensation above $500,000 under President Barack Obama's healthcare reform law in 2013, it generated more than $72 million in additional tax revenue for the U.S. The report from the Institute for Policy Studies examined executive compensation in the 2013 proxy filings fr […]
    • Canada to study Burger King-Tim Hortons deal for net benefit
      TORONTO (Reuters) - Canada will evaluate Burger King Worldwide Inc's proposed C$12.64 billion ($11.5 billion) bid for Tim Hortons Inc to determine whether it would provide a net benefit to the country, Finance Minister Joe Oliver said on Tuesday. He said Industry Canada would evaluate the deal. All such transactions above C$354 million are automatically […]
    • Exclusive: IRS enforcement agent numbers could drop to lowest levels since 1970s
      By Nadia Damouni NEW YORK (Reuters) - Budget pressures at the Internal Revenue Service's Criminal Investigation Division are cutting the number of investigators there to the lowest level in four decades, and officials say the changes are forcing the division to scale back its fight of financial crime. IRS Criminal Investigation has also been involved in […]
    • Intuit forecasts much bigger loss for current quarter
      (Reuters) - Intuit Inc, the developer of tax-preparation software TurboTax, forecast a much bigger first-quarter loss, citing restructuring in its small business group unit. The Mountain View, California-based company earns most of its profit in its second and third quarters when people are more likely to buy its do-it-yourself tax preparation software in th […]