Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Top News

13 Firms Receiving Billions Of Dollars In Bailout Money Owe Back Taxes

Mar. 19, 2009
WASHINGTON — At least 13 firms receiving billions of dollars in bailout money owe a total of more than $220 million in unpaid federal taxes, a key lawmaker said Thursday. Rep. John Lewis, D-Ga., chairman of a House subcommittee overseeing the federal bailout, said two firms owe more...
Related Stories from UPI.com

Tax issues on ballot in 5 states

WASHINGTON, Oct. 29 (UPI) -- Voters in five states can choose measures next week that would reduce their taxes, including Massachusetts where a measure would abolish the state income tax.

'Idol' star Studdard facing tax lien

BIRMINGHAM, Ala., Aug. 30 (UPI) -- Federal officials have filed liens in Alabama against "American Idol" winner Ruben Studdard over allegedly missing taxes.

Canada approaches 'Tax Freedom Day'

VANCOUVER, British Columbia, June 13 (UPI) -- Canadians were a day away Friday from being "tax-free" for 2008, almost two months behind U.S. citizens, The Fraser Institute said.

KPMG to settle tax shelter investigation

NEW YORK, Aug. 27 (UPI) -- The New York Times says KPMG is expected to pay $456 million to settle a federal tax shelter probe.

Top Canadian earners pay most taxes

TORONTO, April 23 (UPI) -- The top 10 percent of Canadian wage earners carried more than half the nation's federal personal income tax load, 53 percent, in 2002.

Heinz Kerry taxed at 12.4 percent for 2003

WASHINGTON, Oct. 18 (UPI) -- Teresa Heinz Kerry paid taxes in 2003 at an overall U.S. federal tax rate of 12.4 percent on an income of $5.07 million, the Wall Street Journal said Monday.

Big firms escaped taxes under Bush

WASHINGTON, Sept. 22 (UPI) -- Eighty-two of the largest U.S. firms paid no federal income taxes at least once from 2001 to 2003, a Washington-based think tank reported Wednesday.

CBO: Tax cuts made system more progressive

WASHINGTON, Aug. 16 (UPI) -- A Congressional Budget Office report says the share of federal income taxes paid by the highest earners has increased since the 2001 U.S. tax cuts.

Tax resister targeted in U.S. lawsuit

SACRAMENTO, July 28 (UPI) -- The U.S. Justice Department filed suit in Sacramento, Calif., Wednesday to collect unpaid employment taxes from a widely known tax resister.

Bulgaria plans to slash corporate taxes

SOFIA, Bulgaria, April 27 (UPI) -- The Bulgarian government plans to slash corporate tax rates to 15 percent, the Trud newspaper reported Tuesday.
1 of 22
Memorial Day Ceremonies on the Intrepid Sea Air & Space Museum in New York
View Caption
American Military Service members and Veterans hold a 100 foot wide U.S. Flag for Memorial Day ceremonies at the Intrepid Sea Air & Space Museum in New York City on May 28, 2012. UPI/John Angelillo