International Business News - Taxes http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif A former maker of clothes for the popular American Girl dolls who authorities say disguised personal expenses for a Lincoln Town Car as the cost for five used sewing machines has pleaded guilty to tax evasion. http://www.ibtimes.com/articles/20080716/mich-doll-clothes-maker-admits-tax-evasion.htm Wed, 16 Jul 2008 12:49:00 EDT Real estate prices have taken a tumble in the most favored vacation and retirement home markets. http://www.ibtimes.com/data/articleimgs/89871-retirement.jpg http://www.ibtimes.com/articles/20080711/retirement-home-taxes-finance.htm http://www.ibtimes.com/articles/20080711/retirement-home-taxes-finance.htm Fri, 11 Jul 2008 18:41:31 EDT Ford Motor Co. insists the federal government owes it hundreds of millions of dollars. The automaker filed a lawsuit Thursday in federal court in Detroit, claiming it deserves at least $445 million in accrued interest on nine years of tax overpayments. http://www.ibtimes.com/articles/20080711/ford-sues-government-in-dispute-with-irs.htm Fri, 11 Jul 2008 17:38:24 EDT A Swedish appeals court on Thursday upheld a verdict that cleared five current and former executives of wireless equipment maker LM Ericsson of tax evasion. http://www.ibtimes.com/articles/20080710/court-upholds-ericsson-tax-acquittal.htm Thu, 10 Jul 2008 08:39:59 EDT The Wisconsin Supreme Court says the city of Madison has been charging two Walgreens stores too much in property taxes. The court says the city improperly valued the stores based on the rent that Walgreens is paying to lease the property rather than the fair market value. http://www.ibtimes.com/articles/20080708/wis-court-rules-in-favor-of-walgreens-in-tax-case.htm Tue, 08 Jul 2008 12:23:35 EDT Alabama can again claim to have the nation's lowest state and local taxes per person. New U.S. Census Bureau reports for fiscal 2006 show Alabama's state, county and city governments collected $2,782 in taxes per person. The national median, with half the states below and half above, was $3,700. http://www.ibtimes.com/articles/20080707/alabama-again-has-nations-lowest-taxes-per-person.htm Mon, 07 Jul 2008 12:11:50 EDT Gov. John Hoeven wants to dump a state income tax credit for North Dakota property tax payers in favor of his $300 million plan to finance property tax cuts and increase aid to schools, Lt. Gov. Jack Dalrymple sid. http://www.ibtimes.com/articles/20080703/nd-governor-wants-to-dump-income-tax-credit-plan.htm Thu, 03 Jul 2008 13:17:42 EDT When winemaking giant E&J Gallo bought the Louis M. Martini Winery in 2002, it got a prestigious label, 1,735 acres of some of the best vineyards in Napa and Sonoma counties and a sweet tax break. http://www.ibtimes.com/articles/20080702/calif-budget-deficit-turns-spotlight-on-prop-13.htm Wed, 02 Jul 2008 17:53:58 EDT Property tax rebate applications are on their way, but Republicans said that also means bad news is also on the way for New Jersey homeowners. Rebate applications will be delivered over the next two weeks to homeowners younger than 65 and who are not disabled, state Treasurer David Rousseau said Tuesday. http://www.ibtimes.com/articles/20080701/nj-tax-rebate-applications-on-the-way.htm Tue, 01 Jul 2008 18:02:27 EDT Property tax rebate applications are on their way. State Treasurer David Rousseau says applications will be delivered over the next two weeks to homeowners less than 65 and not disabled. http://www.ibtimes.com/articles/20080701/nj-property-tax-rebate-applications-on-the-way.htm Tue, 01 Jul 2008 15:33:29 EDT Missouri homeowners should have greater protection from property tax spikes, if legislation signed Tuesday by the governor performs as intended. The new law seeks to close what Gov. Matt Blunt and some lawmakers have described as a legal loophole in Missouri's tax system that has let some local governments reap financial windfalls when property values rise. http://www.ibtimes.com/articles/20080701/mo-governor-signs-property-tax-relief-measure.htm Tue, 01 Jul 2008 15:31:38 EDT Cindy McCain's debts with the county tax collector appear to be settled. Officials said Monday a trust controlled by the multimillionaire wife of Republican presidential hopeful John McCain had initiated payment on $1,743 owed in property taxes on a condominium in the tony La Jolla Shores area. http://www.ibtimes.com/articles/20080701/cindy-mccain-settles-debt-with-san-diego-tax-man.htm Tue, 01 Jul 2008 08:44:44 EDT Cindy McCain's debts with the county tax collector appear to be settled. Officials said Monday a trust controlled by the multimillionaire wife of Republican presidential hopeful John McCain had initiated payment on $1,743 owed in property taxes on a condominium in the tony La Jolla Shores area. http://www.ibtimes.com/data/articleimgs/82996-mccain-2008.jpg http://www.ibtimes.com/articles/20080630/cindy-mccain-settles-debt-with-san-diego-tax-man.htm http://www.ibtimes.com/articles/20080630/cindy-mccain-settles-debt-with-san-diego-tax-man.htm Mon, 30 Jun 2008 23:01:34 EDT Gov. Jim Douglas on Thursday criticized lawmakers for what he termed inaction on lowering Vermonters' property tax bills. "We repeatedly offered innovative ways to contain property tax increases and invited their ideas, but they did nothing," Douglas said in a prepared statement. "The view of the super-majority controlling our Legislature that somehow it is acceptable to knowingly and willingly allow this to happen to struggling families is supremely frustrating." http://www.ibtimes.com/articles/20080626/vt-governor-hits-lawmakers-on-property-taxes.htm Thu, 26 Jun 2008 17:13:21 EDT The 233-189 roll call Wednesday by which the House passed a bill to prevent millions of taxpayers from falling victim to the alternative minimum tax this year. http://www.ibtimes.com/articles/20080625/how-they-voted-roll-call-on-the-alternative-minimum-tax.htm Wed, 25 Jun 2008 19:37:01 EDT The House voted Wednesday to protect more than 20 million mostly upper-income taxpayers in danger of being slapped with a tax increase averaging $2,300 because of the alternative minimum tax. http://www.ibtimes.com/articles/20080625/house-votes-for-amt-relief-for-over-20-million.htm Wed, 25 Jun 2008 15:42:09 EDT European Union leaders called Friday for studies on ways to cut taxes on fuel and ease the pain of more costly oil for consumers. Europeans pay some of the world's highest gas pump prices to fill up their cars at an average of 9 euros ($14) a gallon. About half of that is sales tax and excise duty that fills governments' coffers. http://www.ibtimes.com/articles/20080620/eu-to-study-lower-fuel-taxes.htm Fri, 20 Jun 2008 16:19:13 EDT Brewers slugger Prince Fielder owes more than $400,000 in unpaid taxes, according to a published report. Fielder declined comment on the report through a team spokesman before Wednesday night's game against Toronto. An IRS spokesman told The Associated Press that Fielder could have made payments or even paid it off, but that it might not be recorded yet. http://www.ibtimes.com/articles/20080619/report-brewers-fielder-owes-irs-more-than-400k.htm Thu, 19 Jun 2008 13:52:06 EDT Ashland Inc. received a report from the Internal Revenue Service that recommends an increase in federal income taxes for the tax period ended June 2005, according to a Securities and Exchange Commission filing on Thursday. http://www.ibtimes.com/articles/20080619/ashland-reports-new-income-taxes.htm Thu, 19 Jun 2008 12:36:41 EDT The ideological divide over tax relief got a little wider in Congress Wednesday as House Democrats, over the protests of Republicans, advanced their latest plan to shield taxpayers from the alternative minimum tax. http://www.ibtimes.com/articles/20080618/house-panel-approves-a-paid-for-amt-relief-bill.htm Wed, 18 Jun 2008 13:56:21 EDT