Obama offers deal over taxes, jobs

Business Jul 31, 2013

Obama offers deal over taxes, jobs

President Barack Obama on Tuesday proposed spending more on creating jobs in exchange for an overhaul of business taxes. But the idea quickly devolved into the type of partisan finger-pointing that shows why any agreement will be so difficult. With great fanfare, Obama and his ...

National / Crime & Legal Jul 29, 2013

Kabukicho clinic chief hid ¥350 million, pays back taxes

The head of a clinic providing after-hours medical care in Tokyo's Kabukicho entertainment district has been singled out by the Tokyo Regional Taxation Bureau for fudging his income and concealing ¥350 million of it, sources revealed Monday. Shuken Yamanaka, 52, who runs Asuka Clinic in ...

Business / Economy Jun 10, 2013

Abe to finalize tax break for corporate investment by fall

Prime Minister Shinzo Abe said Sunday his government will finalize a tax break for corporate investment by this fall in addition to its already announced growth strategy. Abe, appearing on a television program aired by public broadcaster NHK, called the series of measures he had ...

World May 18, 2013

Before tea party scandal, IRS harassed gay groups

by Neil Irwin

Before there was the tea party, there was Big Mama Rag, Inc. It was a radical feminist collective in the 1970s, and it devoted itself to lectures, seminars, a free library and a newspaper, the Big Mama Rag. The group applied for nonprofit status from ...

Baucus retirement sets stage for sweeping legislative changes

World / Politics Apr 25, 2013

Baucus retirement sets stage for sweeping legislative changes

Montana Sen. Max Baucus, one of the most influential congressional figures of his era, announced his intention Tuesday to retire, a move that could produce sweeping changes in the political and legislative landscape over the next two years. The announcement could mark the beginning of ...

As U.S. economy picks up, richest get richer

Business / Economy Apr 25, 2013

As U.S. economy picks up, richest get richer

Wealth inequality widened dramatically during the first two years of the economic recovery, as the upper 7 percent of American households saw their average net worth increase 28 percent while the wealth of the other 93 percent declined, according to a report released Tuesday. The ...

Hollande seeks to eradicate tax havens

World / Politics Apr 12, 2013

Hollande seeks to eradicate tax havens

With the French government reeling over a minister's tax-dodging scandal, President Francois Hollande proposed a law Wednesday that would force ministers, legislators and other senior officials to declare their assets publicly and submit to auditing by a "totally independent" authority before and after taking ...

Environment Mar 30, 2013

U.S. to set new rules for cleaner gasoline

The U.S. Environmental Protection Agency was to move ahead Friday with a rule requiring cleaner gasoline and lower-pollution vehicles nationwide, amounting to one of President Barack Obama's most significant air pollution initiatives, according to people briefed on the decision. The proposed standards would add less ...

Business Mar 27, 2013

Slovenia next in line to face debt woe

As soon as policymakers averted a crisis in Cyprus, another appears to be brewing. The latest country to provoke concern is Slovenia. The small former Yugoslav republic took a beating Friday, with long-term bond yields spiking to 5.4 percent amid fears the country would need ...