Study Finds Accelerating Decline in Corporate Taxes
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America's largest and most profitable companies paid less in corporate income taxes in the last three years, even as they increased profits, according to a new study.
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Many large corporations paid no federal corporate income taxes during at least one of the last three years. Many others -- including two of Indiana&#39;s largest companies -- were
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The pace of corporate audits by the Internal Revenue Service continued to decline in the first six months of fiscal 2004, despite IRS pledges to crack down on tax violators, an analysis of government data shows. The IRS differed with the findings.
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Blackstone Group LP , which is  preparing to go public later this month, said on Friday that  proposed U.S. Senate legislation on the taxation of private  equity firms could materially reduce earnings and lower the  partnership&#39;s value.
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With the robust economy, tax revenues are pouring in. But rising costs lie ahead.
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The chemical makerâs net income fell 21.3 percent on changes in German tax laws, higher domestic tax rates and charges for research and development.
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Business productivity growth was revised down sharply in the fourth quarter to an annualized 1.6 percent pace, government data on Tuesday showed, suggesting inflation pressures as labor costs soared.
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Growth in US services - the engine driving the world's biggest economy - has slowed sharply, a survey suggests.
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Some of the United States&#39; biggest, most profitable corporations saw their federal income tax rates decline over the last three years, thanks to recent tax cuts, according to a liberal think tank in Washington.
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U.S. stocks slipped on Friday on signs   the economy may be slowing more sharply than previously   thought, threatening corporate profits, including those of   large industrial companies.
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Business activity, capital spending  and hiring slowed in the third quarter in response to  tightening credit conditions and a rapidly deteriorating  housing market, an industry survey showed on Monday.
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More on the disappearing-public-companies phenomenon.
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The move will delay the reduction in reported profits for many companies, and may give them more time to lobby Congress to stop the rule from taking effect.
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FORT LAUDERDALE, Florida  - Almost two-thirds of U.S. chief executives polled for a survey released on Thursday said conditions in their business had worsened in the past six months.
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Rising energy and employee health-care   costs, as well as high taxes, caused U.S. manufacturers to fall   further behind their foreign rivals in terms of economic   competitiveness, according to a study released on Wednesday.
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WASHINGTON - The Senate on Sunday removed the last major hurdle stalling passage of the most sweeping overhaul of corporate taxes in nearly two decades.    By a 66-14 vote, lawmakers agreed to end the delaying tactics used by opponents of the tax bill...
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GRAND RAPIDS, Mich., Oct. 25  â The Dow Chemical Company said Thursday its profit fell 21.3 percent in the third quarter because of changes in German tax laws, higher domestic tax rates and charges for research and development.