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    • BRIEF-Property tax changes to have significant impact on China World Trade Center's bottomline
      Oct 21 (Reuters) - China World Trade Center Co Ltd * Says changes in property tax will reduce its 2016after-tax profit by 50 million yuan ($7.40 million) * Says changes in property tax will bring significant impacton its operating cash flow Source text in Chinese: Further company coverage: ($1 = 6.7593 Chinese yuan renminbi) (Reporting […]
    • Colombia sends long-awaited tax reform bill to Congress
      Colombia's government on Wednesday presented to Congress a tax reform bill that seeks to raise billions of dollars in the coming years to make up for lost oil revenue and preserve its investment grade credit rating. It also seeks to widen the base for income tax contributions to add an additional 440,000 citizens and establishes 4 to 9 year prison terms […]
    • Atlantic City to sell airstrip to water utility, meet emergency loan terms
      Atlantic City, New Jersey’s cash-strapped gambling resort, voted on Wednesday to sell a defunct airstrip to its water utility for $110 million and present a five-year recovery plan ahead of schedule, in an effort to avoid a state takeover of the city. Atlantic City, which has been struggling under rising debt after its casino industry and subsequently its pr […]
      WASHINGTON (AP) — THE ISSUE: The Internal Revenue Service touches everyone, not just taxpayers but anyone who receives a government check, drives on roads made possible by tax revenue or sends a child to a school helped by Washington. It's a touch that can come with a heavy hand, in the eyes of critics who believe the agency's far-reaching powers a […]
    • Trump tax plan would aid Wall St. despite closing loophole
      By David Morgan WASHINGTON (Reuters) - U.S. Republican presidential nominee Donald Trump reiterated his promise in Sunday's debate to kill the "carried interest" tax loophole that benefits hedge fund managers and others - but his tax plan offers other goodies for Wall Street, a nonpartisan tax research group said on Tuesday. Trump and Democrat […]