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The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions - all within four years, while cautioning that putting food on the table will be a more pressing concern than buying Christmas gifts by 2012.
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In the midst of this late-September drama, the Treasury Department issued a five-sentence notice that attracted almost no public attention. Corporate tax lawyers quickly realized the enormous implications of the document: Administration officials had just given American banks a windfall of as much as $140 billion.
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Dolphins owner H. Wayne Huizenga said Sunday no date has been set for selling up to 45 percent more of the team to Stephen Ross, but the presidential election is among the issues weighing on his decision. That's because a Barack Obama administration is expected to mean higher capital-gains taxes.
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With trillions of dollars in proposed bailouts the biggest losers of the deal will be US, the tax-payers. Join the coalition fighting taxpayer-funded bailouts! Find petitions, read the latest news, get twitter updates and do your part to share this with your networks.
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STAFF at Lehman’s New York office who helped to cause the world’s biggest corporate bankruptcy are to share in a $2.5 billion bonanza. The bonus, which has been described by London staff as a “scandal” has been pledged by Barclays Capital, the British-based bank that last week acquired Lehman’s American operation and took on 10,000 staff.
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In a change from the original proposal sent to Capitol Hill, foreign-based banks with big U.S. operations could qualify for the Treasury Department’s mortgage bailout, according to the fine print of an administration statement Saturday night.
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A retired couple from Barnet, North London, are facing jail after refusing to pay the Olympic surcharge added to their council tax bill. While not against the games, Tom and Rita Glenister maintain that it’s unfair that they should pay out for the cost of the 2012 games when they might not even be around to see them.
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The accountant from Baxter, Minn., challenged the method the IRS has used for more than 20 years to tax shares and cash distributed by mutual life insurance firms to their policyholders when they reorganize as public companies.
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The era of tax-free e-mail, Internet shopping and broadband connections could end this fall, if recent proposals in the U.S. Congress prove successful.
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It's that massive graph of your federal taxes again, but this time it is for 2008!
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