Capital Gains

Capital Gains News

  • Ousted Acting IRS Head Faces Lawmaker Grilling in Scandal

    Updated 58 minutes ago

    Steven Miller, forced out as acting Internal Revenue Service commissioner, will be questioned today by U.S. lawmakers on what he knew about scrutiny of small- government groups and why Congress wasn’t told.

  • IRS Scandal Bolsters Code Revision, Top Tax Writers Say

    Updated 3 hours, 16 minutes ago

    The scandal at the Internal Revenue Service reinforces the case for revising the U.S. tax code, Congress’s top tax writers said in an interview with Bloomberg Television.

  • Paulson Said to Team With Insurer for Low-Tax Merger Fund

    Billionaire John Paulson will offer a new fund designed to lower U.S. taxes for investors through insurer Philadelphia Financial Group Inc., said two people with direct knowledge of the matter.

  • France Must Lead Breakup of Euro

    Updated 2 hours, 4 minutes ago

    France played a decisive role in shaping not only the euro system but the entire European project. This history has predisposed French leaders to the goal of preserving the euro at all costs. Those costs, as we explained in Part 1 of this article, have become quite insupportable. A new strategy is needed, and France’s role in shaping it will once again be pivotal.

  • Barnett Newman Leads Sotheby’s NYC $294 Million Auction

    Updated 3 hours, 14 minutes ago

    A monumental Barnett Newman canvas fetched a record $43.8 million at a $294 million Sotheby’s auction last night, as contemporary art prices rose with stocks.

  • Brown Budget Damps California Spending Expectations

    California Governor Jerry Brown damped lawmakers’ hopes for using a tax windfall with a revised budget that expends $1.3 billion less next year than he proposed four months ago.

  • Hipsters Flocking to Silicon Roundabout as Bankers Fade

    Updated 3 hours, 18 minutes ago

    Coffee houses hold a special place in London’s history. During the late 17th century, they were the birthplace of Lloyd’s of London and the London Stock Exchange -- two institutions that helped make the square-mile City of London a global financial capital.

  • U.S. Posts Widest Monthly Surplus Since 2008 on Revenue

    The U.S. posted its widest budget surplus in five years in April as an improving economy swelled tax revenue, easing pressure on lawmakers to lift the nation’s debt ceiling.

  • Blackstone Targets Bulging Corporate Coffers Via New Unit

    Blackstone Group LP, the world’s largest private-equity firm, is taking aim at the $5.4 trillion of cash on corporate balance sheets in the U.S. and Europe as regulators weigh changes that may reduce the appeal of money- market funds.

  • Billionaire Paulson Lists Aspen Ranch for $29.9 Million

    Billionaire John Paulson, who last year acquired the largest residential property in Aspen, Colorado, is selling his smaller, 13,000-square-foot home there.

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