The cost of fighting a war against Colombian rebels will fall if the government and the Revolutionary Armed Forces of Colombia, or FARC, sign a peace accord, El Espectador cited Finance Minister Mauricio Cardenas as saying.
U.S. companies could encounter higher borrowing costs under a congressional tax plan that would reverse a 29-year-old policy making it easier for other countries’ residents to invest in U.S. corporate debt.
Support is growing for revisions to the New York state tax code including rate cuts, with Democratic Governor Andrew M. Cuomo and Republican legislative leaders proposing changes to every major levy in the state.
Senator Max Baucus, a Democrat from Montana and the chairman of the Senate Finance Committee, wants to cut corporate tax rates. But he’s finding that corporations are lining up to criticize his proposal.
Owens Corning wants a bigger market for its insulation. Cracker Barrel Old Country Store Inc. seeks to refurbish restaurants that churn out fried apples. Bank of New York Mellon Inc. is trying to avoid letting some competitors have an edge overseas.
Here’s some holiday cheer: 120 million American families no longer have to file income tax returns; the top individual rate is lowered by 20 percent; the top corporate rate is cut by more than half; the government gets the same amount of revenue; and the tax system is slightly more progressive.
Angola may as early as today announce that it’s cutting corporate tax to 30 percent from 35 percent to make the country a more attractive destination for investment, two people with knowledge of the legislation said.