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Income tax

Panel: Apple uses firms outside US to avoid taxes

Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found.

The IRS and its tea party tempest

"Article 2, Abuse of Power, said: "He has, acting personally and through his subordinates and agents, endeavored to obtain from the Internal Revenue Service, in violation of the constitutional...

We really should celebrate the income tax's centennial

Lepore's piece recounts the long effort that began with Andrew Mellon, Treasury secretary under three Republican presidents, to convince Americans that the income tax was the spawn of Satan.

Wal-Mart outlook wary even as profit rises

That resulted in Wal-Mart customers cashing about $1.7 billion in income tax refunds year to date, compared with $4 billion for the same time period a year ago, Wal-Mart said.

Six Flags reports strong fourth-quarter profits

The Grand Prairie-based company posted a $143.8 million profit in the quarter, or $2.69 a share, compared to a $102 million loss, or $1.86 a share, the previous year, thanks to a $180.6 million...

Commentary: A view of tax reform - from North Carolina

But legislators could improve the business tax climate without the sledgehammer of eliminating corporate and personal income taxes, and without shattering the rest of the state's revenue picture.

Payroll tax change surprises many workers

While the "fiscal cliff" compromise spared most Americans an increase in their income taxes, Congress allowed a temporary cut in payroll taxes for Social Security and Medicare to expire.

Commentary: Behind the tax cuts

Had a Republican president passed such a dramatic federal income tax reduction, he or she would be considered a supply-side saint, not a budget-busting socialist.

Tentative fiscal cliff tax deal would touch everyone

The deal limits the total number of personal tax exemptions they can claim when filing income taxes, and limits the value of the itemized tax deductions they take.

Don't be fooled by January pay _ higher taxes loom

As a result, employers are planning to withhold income taxes at the 2012 rates, at least for the first one or two paychecks of the year, said Michael O'Toole of the American Payroll Association.

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Partners

Kansas lawmakers still deadlocked on tax, budget issues

But Brownback and Republican leaders want to follow up on massive individual income tax cuts...

WASHINGTON: Money tangle: The IRS and its tea party tempest

The central issue is whether IRS agents who determine whether nonprofit organizations have to...

Many workplaces insure domestic partners, some now also pay the tax on benefits

Because the U.S. government doesn't recognize gay marriage, civil unions or domestic...

Blogs

Senators Levin, McCain accuse Apple of exploiting offshore tax havens

"Apple Inc. has used a complex web of offshore entities -- including three foreign subsidiaries...

Senators Levin, McCain accuse Apple of exploiting offshore tax havens

"Apple Inc. has used a complex web of offshore entities -- including three foreign subsidiaries...

Apple Sour in the Face of Senate Investigation

In the testimony, which is available in full on Apple's website, Cook argued that Apple is the...

Web

Apple Pays No Tax on Much of Its Overseas Income, Senate Panel Finds

Aides to the subcommittee said they have never seen a company use a subsidiary that didn't owe...

Lawmakers say Apple dodged billions in taxes

Among its other tactics, Apple allegedly established an offshore subsidiary, Apple Operations...

Senate Probe Finds Apple Avoids Billions in Taxes

In a 16-page response, Apple vigorously defended its business practices and described its...