Despite pressure from national tax executives, the U.S. Supreme Court has refused to hear an Iowa-based case involving fried chicken giant KFC, which means the company will be liable for a quarter of million in back corporate income taxes on franchised restaurants in the state.
The case, KFC Corporation v. More…
The specter of job loss is being used by both sides in the debate over Ohio’s Senate Bill 5, the controversial law designed to limit collective bargaining rights of unionized public workers, such as firefighters, teachers and police. Yet while supporters of the legislation dispute unions’ claims the bill More…
A Republican state Representative from Jackson County is coming under fire for accepting tax breaks and government loans for his company and then laying off more workers.
Rep. Mike Shirkey (R-Clark Lake) received a tax abatement in 2005 from the Michigan Economic Development Corporation for his non-union company, Orbitforms. More…
Among the many changes to Michigan tax laws made by the Republican-controlled legislature and Gov. Rick Snyder is a provision that could hurt charities in the state by eliminating a state tax credit for contributions.
Rosemary Parker at the Kalamazoo Gazette has the details:
Individual taxpayers will take the brunt
U.S. Reps. Betty McCollum and Keith Ellison urged the IRS Friday to provide guidance to same-sex couples when filing their federal taxes, which McCollum said should have been provided by the agency years ago.
McCollum, along with 74 members of Congress, signed a letter that says the agency has a More…
When the federal government pays contractors to take over work done by public employees it ends up paying more than twice as much, according to a new study by the Project on Government Oversight.
Last week the Michigan Supreme Court held hearings on the constitutionality of two budget proposals that amount to tax increases, one on high-earning state residents and the other on the pensions of former public employees.
The new taxes were part of the budget for FY 2012. One applies More…
President Obama is set to deliver a speech to a joint session of Congress Thursday night in which he will present a proposal to boost the economy and create jobs. This proposal will apparently include a call for another extension of federal unemployment benefits.
President Obama is
Rep. Hansen Clarke (D-Detroit) is working on legislation that would capture federal taxes paid by people and businesses in Detroit and use the money on redevelopment projects.
On Wednesday the Michigan Supreme Court will hear arguments on the constitutionality of Gov. Rick Snyder’s move to impose the income tax on the pensions of the state’s public employees.
The new tax is expected to generate $343 million a year and is part of a major tax overhaul that More…
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