Tax Exemption News
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Property and casualty insurers are voicing concerns that longstanding tax exemptions for municipal bonds could be disrupted as part of a broader U.S. tax-code changes being considered by Congress.
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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.
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AS Olainfarm, a Latvian drugmaker with sales in 30 countries, extended record gains as Swedbank AB raised its share-price estimate for the stock after the company got a tax break from the government.
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Localities from Florida to California are selling taxable bonds at the fastest pace in three years as the additional cost of issuing the debt instead of tax-free financing is near the lowest since 1994.
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Nissan North America Inc. favors legislation that “significantly simplifies” the U.S. tax code -- except for Sections 30C and 30D.
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JPMorgan Chase & Co., Goldman Sachs Group Inc. and other U.S. swap dealers would gain limits on the Dodd-Frank Act’s reach for overseas trades under a Securities and Exchange Commission proposal released yesterday.
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Sugar Land, Texas, plans to pump $50 million into new parks around the city of 85,000, just the kind of project President Barack Obama wants to revitalize the U.S. economy by spurring investment in aging infrastructure.
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AO Astana Finance, the Kazakh financial company that defaulted in 2009, said it plans to delay completion of its debt restructuring for a second time as it struggles to win an exemption on corporate income tax.
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Two-thirds of the asset managers responding to a Citigroup Inc. survey said the tax-exempt benefit of the $3.7 trillion municipal bond market will remain unchanged.
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Kansas, which dedicated casino proceeds to pension relief last year, is considering another gamble as lawmakers debate borrowing $1.5 billion to bolster the nation’s 11th-weakest state retirement plan.
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