US tax

US Senate tax bill accomplishes major Obamacare repeal goal

US Senate tax bill accomplishes major Obamacare repeal goal

Removing it while keeping the rest of Obama`s Affordable Care Act intact is expected to cause insurance premiums to rise and lead to millions of people losing coverage, policy experts say.

Dec 02, 2017, 13:06 PM IST

Top US CEOs call for overhaul of corporate tax code

A group of 16 powerful CEOs in the US today called for an overhaul of the corporate tax code and asked lawmakers to accept the controversial proposal that would reduce cost of exports but heavily penalise imports.

Feb 22, 2017, 00:02 AM IST

Tax scare on Yahoo's Alibaba stake spin-off seen premature

Yahoo Inc`s planned spin-off of its stake in Alibaba Group Holding Ltd is likely to proceed on a tax-free basis, analysts said, as Yahoo shares regained most of their losses after concerns of a possible change in U.S. tax rules spurred a slide on Tuesday.

May 21, 2015, 10:02 AM IST
Barack Obama unveils $4 trillion US budget

Barack Obama unveils $4 trillion US budget

President Barack Obama has put forward a $4 trillion budget loaded with spending and tax reforms that will likely be dead on arrival at the Republican-controlled Congress.

Feb 02, 2015, 21:42 PM IST

Burger King has maneuvered to cut US tax bill for years

Burger King may have taken a lot of flack in the past week for a deal that should curb its US tax bill but in many ways it is consistent with the burger chain’s aggressive tax-reduction strategies in recent years.

Sep 02, 2014, 19:13 PM IST

Credit Suisse stock climbs after US tax fraud deal

Shares in Credit Suisse climbed on Tuesday, a day after the Swiss banking giant was fined $2.6 billion by US authorities after pleading guilty to helping Americans avoid taxes.

May 20, 2014, 14:31 PM IST

Credit Suisse CEO faces more calls to quit in US tax dispute

Credit Suisse Chief Executive Brady Dougan came under further pressure to resign on Sunday, with a key figure in Switzerland`s largest party becoming the latest politician to call for a change in the bank`s leadership over its role in helping rich Americans dodge tax.

May 18, 2014, 20:18 PM IST

18 US firms skirted tax of $92 bn by stashing funds in tax havens

According to the Huffington Post, the Citizens for Tax Justice (CTJ) report claimed that if the companies involved had brought their combined profits to their home country, they would have ended paying 92 billion dollars in taxes.

Jun 04, 2013, 14:07 PM IST

Obama asks Republicans to compromise to avert fiscal cliff

US President Barack Obama has asked Republicans to move beyond partisan objections to compromise with him on averting the year-end fiscal cliff.

Dec 20, 2012, 11:08 AM IST

Barack Obama vows to raise taxes on the rich

Flush with victory, a combative President Barack Obama made clear he would push hard to increase taxes on the rich, fiercely defended his UN ambassador and insisted the Petraeus affair had not caused a security breach.

Nov 15, 2012, 19:40 PM IST

Buffett pokes fun at himself at annual meeting

At Saturday's Berkshire Hathaway meeting Buffett joked about the fame Debbie Bosanek gained because he says she pays a higher tax rate than he does.

May 06, 2012, 09:17 AM IST

Obama pushes for higher taxes on wealthy

Intensifying his populist pitch, US President Barack Obama has made an aggressive case for imposing more taxes on the rich and criticised those opposing his 'Buffet Rule'.

Apr 11, 2012, 11:27 AM IST

Negotiators reach deal on Congress payroll tax cut bill

Negotiators on Wednesday reached a sweeping tax cut deal that provides a victory to President Barack Obama and his fellow Democrats in Congress and frees Republicans of an issue that threatened to stalk them to the November elections.

Feb 16, 2012, 08:47 AM IST

US plan will end dozens of business tax breaks: Geithner

The Obama administration's corporate tax reform plan will end "dozens and dozens" of breaks, US Treasury Secretary Timothy Geithner said on Tuesday as he defended the White House's election-year call for higher taxes from wealthy taxpayers.

Feb 15, 2012, 00:01 AM IST

Obama, Boehner lock horns in payroll tax fight

President Barack Obama demanded on Tuesday that Republicans in the House of Representatives pass a short-term extension of a payroll tax cut, showing an unwillingness to back down in a fight that could result in higher taxes for 160 million Americans.

Dec 21, 2011, 09:14 AM IST

Democrats mull dropping millionaire surtax

President Barack Obama and fellow Democrats on Wednesday considered dropping their proposed surtax on millionaires in a bid to reach a deal with Republicans to extend a payroll tax cut for 160 million Americans set to expire at year's end.

Dec 15, 2011, 09:04 AM IST

Swiss committed to solving US tax spat: Report

Switzerland does not need an emergency law or a separate treaty as it works toward a solution in its latest tax spat with the United States, finance minister Eveline Widmer-Schlumpf was quoted as saying in a Swiss newspaper interview on Sunday.

Sep 11, 2011, 21:21 PM IST

Warren Buffett calls for more taxes on 'mega rich'

Billionaire investor Warren Buffett is calling on the so-called ``mega-rich'' Americans to pay more in taxes.

Aug 15, 2011, 20:02 PM IST