Study Finds Accelerating Decline in Corporate Taxes
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merica&#39;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 study released yesterday.
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Wholesale changes to the tax code that just weeks ago were identified as a Bush administration goal by the end of 2005 are being pushed back for at least another year.
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A slowing  economy may be a drag on corporate profits, some analysts say.
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Business & money: But building society produces evidence that upward trend is slowing.
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The Internal Revenue Service, in the midst of a crackdown on aggressive tax shelters, is auditing significantly more wealthy individuals and large companies, but is increasingly shying away from scrutinizing smaller businesses.
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The pace of U.S. economic growth  softened more sharply than expected in the second quarter and  corporate profits rose feebly, according to a Commerce  Department report on Thursday that pointed to a significant  easing in expansion.
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The soft drink maker said its fourth-quarter profit fell 31 percent from results a year ago that included a tax benefit from a settlement with the Internal Revenue Service.
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With the robust economy, tax revenues are pouring in. But rising costs lie ahead.
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NEW YORK - The corporate tax legislation passed by the US Senate yesterday--billed as the most significant corporate tax legislation since 1986--adds roughly $137 billion in tax relief over ten years but is &quot;paid for&quot; by closing an export subsidy and by
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Net borrowing by European governments will fall to the lowest level in five years in 2007 as better than expected growth and improvements in tax revenues reduce financing needs, according to a report by Standard &amp; Poor's published on Tuesday.
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A huge tax bill that Congress passed last week contained a little-noticed gift for select corporations -- tens of millions of dollars in breaks on import tariffs.
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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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Stocks plummeted after a business survey provided another strong signal that the United States might be in the early stages of a recession.
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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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New legislation could increase taxes on publicly traded private equity firms and hedge funds, a move that could dampen interest in the Blackstone Group.
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People living in states without income taxes could see their federal income taxes fall by about &#36;500 if they itemize deductions under the corporate tax overhaul approved by Congress.
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Across the country, local governments are feeling a financial strain driven largely by the nationâs real estate downturn and some are considering higher taxes.