After countless angry political speeches and the threat of economic collapse, the government’s $700 billion bailout of banks, insurance companies and auto companies draws to a close Sunday – and it will likely cost only a fraction of what was expected….
A bill, passed by the U.S. House of Representatives Wednesday, would let U.S. companies petition for duties on Chinese imports — a move that would hurt the global economy if it became law, the Chinese government said.
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House Democrats may help overrule President Barack Obama by voting to extend George W. Bush-era tax cuts on investment income beyond this year, the Associated Press reported.
Continue reading House Democrats Ma…
A jump in government spending helped fuel the UK’s economic growth in the second quarter, the country’s Office for National Statistics said.
Government spending grew 1% in the quarter, the fastest rate in over a year, Bloomberg News reported. This contributed to economic growth of 1.2% for the quarter.
The Conservative-led coalition government is preparing tax increases and budget…
Continue reading Increased Government Spending Fuelled UK Economic Growth
Increased Government Spending Fuelled UK Economic Growth originally appeared on DailyFinance on Tue, 28 Sep 2010 07:45:00.
The IRS will stop mailing out paper forms and instructions for annual income tax returns as more people file their taxes online.
About 11.5 million people who filed paper tax returns in 2009 got the tax information in the mail, The Washington Post reported. The mailing included 44 pages of instruction last year.
This year, more than 96 million individuals filed their tax returns…
Continue reading IRS Will Stop Mailing Out Tax Return Forms, Instructions
IRS Will Stop Mailing Out Tax Return Forms, Instructions originally appeared on DailyFinance on Tue, 28 Sep 2010 07:28:00.