Tag Archive
Breakingviews States Fire Shots In Internet Sales Tax War
(breakingviews.com) — A battle is brewing over U.S. state sales taxes on online purchases. Internet retailers Amazon.com and Overstock.com are scaling back their operations in states that demand they collect these taxes. While this won’t dent their revenues much, it foreshadows a larger clash over the taxation of internet commerce. Cash-strapped states are firing the… »
States Wont Lose Infrastructure Funding
NEW YORK: Every state has committed at least half its highway stimulus funds so none will lose any of its allocation, the Obama administration said Thursday.States had until June 29 to obligate the funds or risk losing half the leftover money. Only a month ago, some 14 states had yet to satisfy that goal. Hawaii… »
States Ask Feds To Expand AIG Bonus Probe
NEW YORK (Reuters) – — Eleven states on Friday called for a deeper probe into the 165 million of bonuses that American International Group Inc. awarded employees in a unit whose losses led to a federal bailout of the insurer.In a letter to Neil Barofsky, the special inspector general of the Troubled Asset Relief… »
States Propose 24 Billion In Tax Hikes
NEW YORK: States are poised to pass as much as 24 billion in tax and fee hikes in coming weeks, as they struggle to balance their budgets amid the worst economic downturn since the Great Depression, a report released Thursday found.The spike blows away the 726 million in recommended increases for fiscal 2009.At the same… »