Wells Fargo announced early this week that it will repay $25 billion received under the Troubled Asset Relief Program (TARP). The announcement comes on the heels of a similar announcement from the Bank of America. Citibank rushed to join the ranks of those banks committed to [...]
Reuters - World Bank urges keeping fiscal stimulus till 2012.
Countries should not rush to end fiscal incentives to help their economies cope with the global economic crisis, in order to build a base for sustained long-term growth, the World Bank’s chief economist said.
Justin Lin said on Sunday he expected [...]
Once again December has caught me totally unprepared! Thank goodness there are few constants during the holidays, such as wonderful seasonal songs, an excuse to eat more than I should and, of course, our annual Merry Taxes Tax Carnival.
I know all y'all are as rushed as I am; that's why [...]
The TaxProf rounds up more news on the foolish push for a "war tax" to fund the Afghanistan troop surge. Until they also support a "Pimp your neighbor's pickup truck" tax, it will be hard to take "war tax" supporters seriously.
The mystery of Tony Blair’s finances is indeed a good one.
One of the mysteries is why he chose to use the arcane structure of a Limited Partnership for what appears to be his main trading entity – Windrush Ventures No 3 Limited Partnership. I stress, this is a limited [...]
Don’t get too excited. It’s not a huge tax break – but it’s not a bad one either. A bill that was rushed through recently passed in Congress, known as The Worker, Homeownership and Business Assistance Act of 2009, will allow businesses to apply losses retroactively.
The bill, [...]
Commuters fight their way to work at 8:30 this morning on the main street in Griswold, Iowa, where I am participating today in the Iowa Center for Agricultural Law and Taxation Farm Tax School. There's still time to sign up for the remaining five locations!
