Taxes
Local Preferences, Nationalism Boost Chinese Consumer Firms (Investor’s Business Daily)
Can a nation’s underlying cultural tastes and preferences help drive companies and their stocks?
Avoiding capital gains on foreign property (Bankrate.com)
How can a U.S. citizen avoid paying capital gains tax on the sale of property in another country?
Thai police push tax charges against Philip Morris (AP)
Thai police have submitted a case to state prosecutors charging that the local arm of Philip Morris, the world’s largest cigarette maker, evaded more than $2 billion in import taxes, an allegation strongly denied by the company.
Top Michigan Dem lawmaker pitches health care plan (AP)
The top Democrat in the Michigan Legislature told lawmakers Thursday that his proposal to consolidate public employees’ health plans is the sort of “transformational change” that could save taxpayers money for decades.
NY pension fund contribution rates rising (AP)
New York Comptroller Thomas DiNapoli said Thursday that state and local governments, and their taxpayers, will need to pay far more into the state’s public worker pension fund, which lost about 25 percent of its value in the global financial meltdown.
Ex-Mets pitcher gets 6 months for tax evasion (AP)
A federal judge on Thursday sentenced former major league pitcher Jerry Koosman to six months in prison for not paying his taxes.
Cayman leader: New taxes won’t solve fiscal woes (AP)
The Cayman Islands will not introduce property and income taxes to help bail the sun-soaked Caribbean tax haven and British territory out of its financial morass, the government leader said Thursday.
Can’t avoid tax on early 401(k) pay (Bankrate.com)
A 401 hardship withdrawal will nick you twice — once in taxes, and again in a penalty fee.
La. debuts tax-free shopping for guns, ammo, more (AP)
Paul McCrory won’t go deer hunting until November, but Louisiana’s new “sales tax holiday” on hunting equipment makes this weekend his best opportunity to shop for bullets and a new rifle.
Ore. election officials tracking anti-tax campaign (AP)
State election officials are using a team of observers to monitor the activities of signature-gatherers who are trying to derail a $733 million tax hike passed by the 2009 Oregon Legislature.