Republicans back U.S. budget deal; deficits to rise in short term

Dec 13, 2013

Republicans back U.S. budget deal; deficits to rise in short term

The Republican-dominated House of Representatives passed a compromise spending plan Thursday easing across-the-board federal spending cuts and designed to prevent future government shutdowns. The legislation, backed by the White House, cleared on a vote of 332-94, with lopsided majorities of Republicans and Democrats alike ...

Philippines' embattled tax man takes aim at the famous

| Dec 1, 2013

Philippines' embattled tax man takes aim at the famous

The Philippines’ tax man has long struggled to compel the country’s elite pay its fair share, but a name and shame campaign targeting one of history’s greatest boxers and the “sexiest woman alive” is aiming to change that. A crusade against wealthy Filipinos is ...

Government plans cash payouts to help offset tax-hike impact

Nov 30, 2013

Government plans cash payouts to help offset tax-hike impact

The Japanese government plans to make one-shot cash payments to child-rearing families to help offset the impact of the consumption tax hike that will take effect next April, sources said Friday. The plan, based on requests from New Komeito, the junior coalition partner of ...

World economy still being propped up by extraordinary aid

Nov 12, 2013

World economy still being propped up by extraordinary aid

Five years after the global financial crisis erupted, the world’s biggest economies still need to be propped up. They’re growing and hiring a little faster and creating more jobs, but only with extraordinary aid from central banks or government spending. And economists say major ...

Nov 8, 2013

Tantric massage is subject to 'sex tax,' German court rules

Tantric massages deliver sexual pleasure and are subject to the same tax that is levied on brothels and swinger clubs in the southwestern German city of Stuttgart, a court ruled Thursday. The decision by an administrative court in the city followed a complaint by ...

Oct 25, 2013

IRS contractors owe millions in back taxes: U.S. report

In his second report criticizing the Internal Revenue Service this week, the U.S. Treasury Department’s inspector general said the agency’s contractor employees owe millions of dollars in back taxes — even though its own workers must submit their tax payments on time. The report, ...

Oct 21, 2013

How much did the shutdown cost? Billions

by Josh Hicks

Shutdowns aren’t cheap. This year’s closure, which ended Thursday, has probably cost the government and the economy billions of dollars, according to economists and policy analysts. Below are some estimates of the financial effects of the 16-day closure, which forced hundreds of thousands of ...