Corporate Finance & Taxation. Legal news and articles for March 31 - 31, 2012

Switzerland seeks to arrest 3 German tax inspectors for economic espionageTax season at ballot box this yearNew property tax law is yielding resultsIs health care mandate a tax?Switzerland seeks arrest of German tax collectorsBizProf: Tax law changes impact small businessesTax issues cloud outlook for Mumbai indexThe Fox News Justice: Scalia Channels Right-Wing Talking Points In Health Care ...There was a reason conservatives once supported the individual mandateHow will Centre compensate the states on taxes?Swiss arrest warrants for German tax inspectorsNew law will put Ga. among states requiring online, out-of-state sellers to ...Obama Asks Congress To Approve Tax LawDoyle McManus: Obama's 'tax' lapse was a big mistakeIT Act amendment: Not all cases will be reopened, says Pranab

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Levin looks to end tax loophole that benefits Facebook
Detroit Free PressMarch 1, 2012

"As with so much of our tax code, it's not the law-breaking that shocks the conscience, it's the stuff that's perfectly legal," Levin said in support of the Cut Unjustified Tax Loopholes Act he has co-sponsored. Some corporate tax experts were not ...more »

LOYAL3 Hires Ex-Merriman Capital CEO as Chief Financial Officer
MarketWatch (press release)March 1, 2012

He will oversee corporate finance, accounting and compliance functions, and will report to LOYAL3 Chief Executive Officer, Barry Schneider. "Peter's demonstrated success in the securities and financial services industry, coupled with his experience and ...more »

Corporate Finance & Taxation. News and Stories

Switzerland seeks to arrest 3 German tax inspectors for economic espionage
GlobalPostMarch 31, 2012

(FABRICE COFFRINI/AFP/Getty Images) Switzerland has issued arrest warrants for three German tax inspectors, the Associated Press reported. Their alleged crime: economic espionage for buying the details of German tax evaders' Swiss bank accounts.more »

Tax season at ballot box this year
Springfield News-LeaderMarch 31, 2012

Of foremost importance in Greene County is the request for a 1/8-cent law enforcement sales tax. If passed, it would boost staffing at the county's sheriff, prosecutor and juvenile offices. Those living in the Springfield School district, ...more »

New property tax law is yielding results
The Herald ArgusMarch 31, 2012

By Matt Fritz La PORTE COUNTY — A new law aiming to speedup the property tax reconciliation process in La Porte County is already seeing some results in the county, county commissioner Ken Layton said. The law, an amendment to Senate Enrolled Act (SEA ...more »

Is health care mandate a tax?
Minneapolis Star TribuneMarch 31, 2012

This artist rendering shows Solicitor General Donald B. Verrilli, Jr. speaking in front of the Supreme Court Justice in Washington, Monday, March 26, 2012, as the court began three days of arguments on the health care law signed by President Barack ...more »

Switzerland seeks arrest of German tax collectors
ReutersMarch 31, 2012

In the latest chapter of an ugly dispute over tax evasion that has strained ties between the two neighbors, a spokeswoman for the ministry confirmed a report about the arrest warrants due to appear in Sunday's Bild am Sonntag newspaper.more »

BizProf: Tax law changes impact small businesses
East Valley TribuneMarch 31, 2012

Dear Professor Bruce: As a small business owner, tax day is fast approaching for my firm. What can I do to help maximize my savings? Answer: Every penny counts, so maximizing your return can be extremely important. Understanding recent tax law changes ...more »

Tax issues cloud outlook for Mumbai index
gulfnews.comMarch 31, 2012

By Geetha Bhaskaran, Special to Gulf News Dubai: The outlook for shares in India is growing murkier as a new tax proposed in the annual budget has the potential to scare foreign portfolio investments, which have been the driver of the market's rebound ...more »

The Fox News Justice: Scalia Channels Right-Wing Talking Points In Health Care ...
Media Matters for America (blog)March 31, 2012

Arguments and talking points and just some plain misapprehensions about what the Affordable Care Act does had formed in conservative circles and in right wing media and then they somehow crept into the mainstream media and then into the court and ...more »

There was a reason conservatives once supported the individual mandate
Washington Post (blog)March 31, 2012

Tax credits: Under various health-care proposals — including the plan of Rep.Paul Ryan (R-Wis.) — the tax code is changed to give families a tax credit for purchasing private health insurance. Families that choose to go without insurance, ...more »

How will Centre compensate the states on taxes?
Business StandardMarch 31, 2012

You have amended the Customs Act. In the Customs Act, you have amended Section 104. There was a time when this country faced with great smuggling and violation of customs duty and, therefore, there was a need to conserve foreign exchange. We had laws.more »

Swiss arrest warrants for German tax inspectors
Financial TimesMarch 31, 2012

... of a lingering tax dispute between the two countries. . “This is a monstrous step”, said Hannelore Kraft, North Rhine-Westphalia's premier. "The state of North Rhine-Westphalia protests against our employees being pushed into a criminal light", ...more »

New law will put Ga. among states requiring online, out-of-state sellers to ...
The RepublicMarch 31, 2012

Georgia joined other states this week in passing a law aimed at collecting billions in lost sales tax revenue from online retailers. The Legislature passed the measure as part of a comprehensive overhaul of the state's tax code.more »

Obama Asks Congress To Approve Tax Law
Daily PoliticalMarch 31, 2012

President Obama has called on Congress to raise tax on the wealthy. This revives what he first proposed back in September that aims would surely draw sharp lines in this election year between him and his Republican opponents. The tax plan is scheduled ...more »

Doyle McManus: Obama's 'tax' lapse was a big mistake
Wisconsin State JournalMarch 31, 2012

In 2009, President Barack Obama was asked if the individual mandate in his health care plan was really just a tax in disguise. But if the president had been brave enough back then to call a tax a tax, his health care law might not be in such a mess ...more »

IT Act amendment: Not all cases will be reopened, says Pranab
Hindu Business LineMarch 31, 2012

The Finance Minister, Mr Pranab Mukherjee, today clarified that the proposed amendments to the Income-Tax Act, 1962 will not mean re-opening all cases going back to 1961-62. However, it would be applicable to cases where foreign assets were created by ...more »

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