Tax Reform News
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Former Australian Prime Minister Kevin Rudd said he will challenge his successor Julia Gillard in a Feb. 27 leadership ballot as the ruling Labor party seeks to end weeks of rivalry that’s undermining the government.
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Australian Prime Minister Julia Gillard called a leadership vote for Feb. 27, setting up a second showdown with her predecessor Kevin Rudd as weeks of growing tension damage the Labor government.
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President Barack Obama’s belief that the U.S. tax system pushes jobs overseas and Republican assertions that multinational companies are disadvantaged will make compromise on a new corporate tax code difficult.
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President Barack Obama’s corporate- tax framework, unveiled Wednesday, recognizes that the U.S. tax code desperately needs a spring cleaning. There are too many loopholes, deductions, subsidies, allowances and special rules.
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New Jersey Governor Chris Christie said billionaire investor Warren Buffett, who called for the nation’s wealthiest people to pay more taxes, should “just write a check and shut up.”
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Russia’s 12-year oil boom is nearing its peak, forcing the next president to decide whether to cut taxes and revive production or use the windfall from $100 oil to boost public spending and quell mounting unrest.
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President Barack Obama urged Congress to enact tax proposals that reward technology companies and other businesses that help create jobs in the U.S. rather than overseas.
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President Barack Obama promised to boost support for U.S. manufacturers such as Boeing Co. that face subsidized foreign competition as part of his drive to increase exports.
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From Warren Buffett’s secretary to Mitt Romney’s tax returns to the general uprising against the 1 percent, tax reform is on everybody’s radar. In the cross hairs is the preferential treatment for capital gains.
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The Serbian government needs to exercise more fiscal restraint this year after last year’s budget deficit and public debts exceeded agreed targets, the International Monetary Fund said.
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