Tax News

Costa Rica puts $15 tax on plane tickets (AP via Yahoo! News)
Tourists flying into Costa Rica will soon have to pay a new $15 tax.

EU calls for boost in public spending, tax breaks (AP via Yahoo! News)
The European Commission urged the 27 EU governments Friday to boost public spending and provide tax breaks to help industry overcome the accelerating economic slowdown that has already pushed several countries into a recession.

Property tax hike not likely, thanks to rainy day fund (The Buffalo News)
Despite a global economic meltdown that threatens to trigger painful budget cuts in many municipalities, Buffalo officials do not expect property tax rates to increase next year.

Room tax plan cited for deficit (Las Vegas Review-Journal)
CARSON CITY -- Lawyers for the governor and the Legislature weren't talking Friday about whether a 3 percentage point increase in the room tax and borrowing up to $150 million could be used to deal with the state's $286 million deficit.

Beshear warns of cuts, tax hike amid revenue shortfall (Louisville Courier-Journal)
The state budget outlook took a dramatic turn for the worse yesterday, leading Gov. Steve Beshear to warn that "radical spending cuts" and perhaps even a tax increase will be needed to deal with it.

PBR: 'Why Tax Cuts Won't Work' (SkyNews via Yahoo! UK & Ireland News)
As more details emerge of what is expected to feature in the Chancellor's pre-Budget report, a leading economist says the Government's proposed tax cuts will not help boost the economy.

Conforma gets tax abatement (Louisville Courier-Journal)
The New Albany City Council has granted a 10-year property-tax abatement to Conforma Clad, a protective coating company that had been seeking room to expand.

Intuit shares rise; analyst sees solid tax segment (AP via Yahoo! Finance)
Intuit Inc. shares climbed Friday, a day after the company reported solid quarterly results, as an analyst said the maker of tax preparation software may benefit from consumers switching to its products from paid accountants in a tough economy.

NYC mayor fights $400 property tax rebates in court (Reuters via Yahoo! News)
New York City Mayor Michael Bloomberg said he was fighting the city council in court over whether he has the authority to withhold $400 property tax rebates that he says the city cannot afford.

Lawmakers deadlocked over car tax, budget cuts (The Sacramento Bee)
Not even fiscal crisis trumps partisan politics in California, where lawmakers remained sharply divided on a budget rescue plan Friday with time running out in this year's session. With California facing a projected two-year, $27.8 billion budget shortfall, Democrats and Republicans continued to fight over whether tax increases would make things better or worse. Gov. Arnold Schwarzenegger ...


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