Corporate Finance & Taxation. Legal news and articles for November 30 - 30, 2011

New York Production Industry Jobs Rose in 2010Dems' Class Warfare Is A War On JobsProposed SF tax break to hire felons clears hurdleFESTAC residents kick against double taxationReforms still sought for upheld business taxStudy finds tax collection targets inflatedSchwarzman Cites Profitable Ventures in Backing RomneyCash jobs costing NZ billionsTransocean Stock Sale Doesn't End Junk Threat: Corporate FinanceCranberry Man Pleads Guilty To Tax EvasionBusiness Council, Crime Coalition to work with NOPD on community policingSindh concerned over Centre reopening 'settled' issue of GSTAdjustments mean lower taxes for some in LakevilleUSDOJ: Ohio Insurance Salesman Arrested on Tax ChargesWhite House readies for payroll tax cut fight

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Law and Order
STLtoday.comNovember 1, 2011

LOUIS > Man admits pyramid scheme — Richard Saunders, 64, pleaded guilty Monday in federal court here of wire fraud and tax evasion, admitting he operated a pyramid investment scheme that netted him more than $4 million. Saunders, formerly of St ...more »

Tax-Cheat Contractors Stay in US Lawmaker Sights After Repeal
BloombergNovember 1, 2011

When he chaired the Senate Finance Committee in 2006, Charles Grassley, an Iowa Republican, helped create the withholding requirement to clamp down on tax evasion in the contracting ...more »

Corporate Finance & Taxation. News and Stories

New York Production Industry Jobs Rose in 2010
Hollywood ReporterNovember 30, 2011

2010 by the New York State Department of Taxation and Finance and the New York State Governor's Office of Motion Picture and Television Development. Nationwide, the film and TV industry supports more than 2.2 million jobs and generates about $13 ...more »

Dems' Class Warfare Is A War On Jobs
Investor's Business DailyNovember 30, 2011

Joint Committee on Taxation data show that about 34% of all small business income would be affected by the surtax in 2013. That means 34% of all small firms with a reduced incentive to hire and expand output. As the National Federation of Independent ...more »

Proposed SF tax break to hire felons clears hurdle
San Francisco Chronicle (blog)November 30, 2011

“This piece of legislation is crime prevention and public safety-oriented,” said Supervisor Ross Mirkarimi, the plan's chief sponsor and the city's sheriff-elect. “It is aimed at reducing the repeat-offender rate — recidivism — which is in the range ...more »

FESTAC residents kick against double taxation
Nigerian TribuneNovember 30, 2011

At a meeting of Festival Town Residents Association (FTRA), it was agreed that such a move would amount to double taxation. President of FTRA, Mr Jola Ogunlusi, said, “if enforced, it will lead to double taxation as we have been paying ground rent to ...more »

Reforms still sought for upheld business tax
San Antonio ExpressNovember 30, 2011

Under the current business tax, based on revenues minus allowed deductions, some companies that lose money still owe a tax to the state. One San Antonio company, Rackspace Hosting Inc., last year told the Texas Senate Finance Committee it had built two ...more »

Study finds tax collection targets inflated
Pakistan Daily TimesNovember 30, 2011

Findings from interviews conducted with finance, accounts, audit, excise and taxation (E&T), and Planning and Development (P&D) department personnel indicate that significant progress has been made in recent years in the area of public finance...more »

Schwarzman Cites Profitable Ventures in Backing Romney
San Francisco ChronicleNovember 30, 2011

He later apologized for the comparison while maintaining his criticism of the tax proposal. Obama, who has the backing of organized labor, has criticized the financial industry for its opposition to tougher regulations and has called for the wealthy to ...more »

Cash jobs costing NZ billions
Stuff.co.nzNovember 30, 2011

The Inland Revenue Department said yesterday that, while it could not attempt to estimate the size of the shadow economy, it had collected $137 million from tax evasion and fraud work in the past year. Tax evasion is generally defined as the criminal ...more »

Transocean Stock Sale Doesn't End Junk Threat: Corporate Finance
San Francisco ChronicleNovember 30, 2011

Transocean previously tapped the US corporate bond market in September 2010, issuing $1.1 billion of 4.95 percent, five- year notes and $900 million of 6.5 percent, 10-year debt, Bloomberg data show. The 10-year notes today paid 430 basis points above ...more »

Cranberry Man Pleads Guilty To Tax Evasion
Patch.comNovember 30, 2011

A resident of Cranberry Township pleaded guilty in federal court to charges of income tax evasion and filing a false document, United States Attorney David J. Hickton announced today. David Hendrick pleaded guilty to two counts before United States ...more »

Business Council, Crime Coalition to work with NOPD on community policing
WWL First NewsNovember 30, 2011

The Business Council of New Orleans and the New Orleans Crime Coalition today announced a new strategy for fighting violent crime. Read more. With elections over, lawmakers supported by Gov. Bobby Jindal to lead the House and Senate are working on the ...more »

Sindh concerned over Centre reopening 'settled' issue of GST
The News InternationalNovember 30, 2011

Bengali also urged the Finance Ministry to withdraw FED on services as it was essential to ensure that taxpayers were not subjected to double taxation and the SRB able to perform its task efficiently. The NFC member said the SRB had over the last five ...more »

Adjustments mean lower taxes for some in Lakeville
ThisweekLiveNovember 30, 2011

5 Truth in Taxation meeting approaches, adjustments made to the city's 2012 levy might offer a mild calming effect. Since the preliminary budget was approved on Sept. 6, things have changed enough that Lakeville's finance department now predicts a levy ...more »

USDOJ: Ohio Insurance Salesman Arrested on Tax Charges
7thSpace Interactive (press release)November 30, 2011

On November 9, 2011, a federal grand jury sitting in Cleveland returned an indictment against Herder, charging him with corruptly endeavoring to impair and impede the due administration of the internal revenue laws, tax evasion and failure to file tax ...more »

White House readies for payroll tax cut fight
CBS NewsNovember 30, 2011

Maybe you had better get with some of those House teabaggers that are not quite on the same page as you murdoch international crime syndicate parrots are. Not quite a done deal with the neoliberal republicans! In the House, passing the payroll tax...more »

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