Iowa will spend $450 million on tax credits this fiscal year, and darned if anyone can tell that they do any good. That's the short version of the much-awaited analysis of Iowa's tax credits that came out yesterday.
After the Iowa Film Credit program blew up in scandal [...]
While the country focuses on the Tiger Woods scandal and the upcoming holidays, the United States senate is set to pass a filibuster proof end-of-year $1.1 trillion spending that will reward most federal agencies with a generous budget increase. It also includes a loan guarantee program for steel companies, and [...]
When the Iowa film tax credit scandal exploded in September, it raised an obvious question: were the other 30-odd Iowa economic development tax credits managed any better than the film credit?
The answer: maybe not. The Des Moines Register reports:
A Des Moines Register review of some of the state's' [...]
For the most part, I’ve tried to avoid blogging the Tiger Woods scandal. I mean, you can pretty much turn on any channel at any time and hear all about it. And, except for the potential prenup/divorce issues, it has zippo to do with tax. And [...]
Iowa State State Sen. David Hartsuch, R-Bettendorf, faces a primary challenge this year. It seems so wrong. Sen. Hartsuch was the only legislative Republican to vote against the Film Tax Credit program that blew up in corruption, scandal and outrageous expense this year. He was joined by only [...]
We have noted that in the wake of the Madoff scandal, internal reform of the Commission was necessary. Reforms have begun with particular vigor within the Division of Enforcement. Reforms are also necessary within the Office of Compliance Inspections and Examinations. One of the open questions was whether the office [...]
It was a question posed to US taxpayers by the IRS in the wake of the UBS scandal: do you feel lucky?
The US offered US taxpayers the opportunity to voluntarily disclose offshore bank accounts as part of an amnesty program earlier this year. The choice? Come forward [...]
