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U.S. markets recover from steep losses
WASHINGTON, April 14 (UPI) -- Fame and fortune in the United States offer no immunity to tax problems, various court documents show.
On the eve of the government's April 15 personal auditing deadline, some of the nation's celebrities owe state and federal tax bills that run into millions of dollars, USA Today reported Monday.
Dionne Warwick is $2.7 million behind on her California state taxes and the Internal Revenue Service has placed liens of more than $1 million against singer, who maintains a busy television and concert career, the newspaper reported.
The IRS has filed a $1.5 million lien against Fox News analyst and former presidential adviser Dick Morris, who also owes Connecticut $452,367.
And records show O.J. Simpson owes California $1.5 million, USA Today reported.
"People will do almost anything to make sure friends don't see a change in lifestyle, and that 'anything' includes not paying taxes," said Bart Graham, Georgia's revenue commissioner.
While big names and big money can be involved, prosecution for tax evasion is not that common. The federal government filed 1,423 federal indictments in 2007, compared with 235 million tax returns that were filed, the IRS reports.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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