The top U.S. tax collector warned on Thursday of a delayed start to 2013's tax season if Congress fails to reset the alternative minimum tax (AMT) on high-income taxpayers so that it does not sweep in millions of middle-income people.Without another adjustment by lawmakers soon to the AMT, "many of us will see a delayed filing season," said Steven Miller, named just last month as Internal Revenue...
Oregon governor says Nike plans to hire thousands
Labels: BusinessSporting goods giant Nike plans to expand its operations in Oregon and hire as many as 12,000 new workers by 2020 but wants the government to promise it won't change the state tax code, prompting a special session of the Legislature.Gov. John Kitzhaber said he'll call lawmakers together Friday in Salem to create a new law authorizing him to grant Nike's wish.The governor did not release information...
Oregon governor says Nike plans expansion
Labels: Business Nike wants to expand its Oregon operations and hire hundreds of workers but is asking the government to promise it won't change the state tax code.Gov. John Kitzhaber (KIHTS'-hah-bur) says he'll call the Legislature into session Friday to create a law to give Nike its wish.The company has not specified its expansion plans except to say it would create at least 500 jobs and $150 million in capital...
Report: Most Pakistani lawmakers do not file taxes
Labels: BusinessThe majority of Pakistani lawmakers do not file tax returns despite a legal requirement to do, a report said Wednesday, reinforcing concerns about the low level of tax revenue in the country.Pakistan has one of the lowest tax-to-GDP rates in the world because payment is not well enforced, and major areas of the economy, such as the agriculture sector, are either taxed at very low rates or not at all.Around...
Pennies over patriotism? Stars move to tax havens
Labels: Business France's Socialist government is introducing a 75-percent income tax on those earning over €1 million ($1.3 million), leading some of the country's rich and famous to set up residency in less fiscally demanding countries.Here's a look at some big names in France and elsewhere whose changes of address over the years have meant lighter taxes.DEPARTING DEPARDIEUThe French prime minister has accused...
AP IMPACT: Steroids loom in major-college football
Labels: SportsWith steroids easy to buy, testing weak and punishments inconsistent, college football players are packing on significant weight — 30 pounds or more in a single year, sometimes — without drawing much attention from their schools or the NCAA in a sport that earns tens of billions of dollars for teams.Rules vary so widely that, on any given game day, a team with a strict no-steroid policy can face a...
Cleared Minnesota college coach fights suspension
Labels: SportsA Minnesota college football coach who was cleared of child porn charges is fighting a suspension, his union said Thursday, although neither it nor the university would say what prompted the punishment or shed light on his prospects for reinstatement.Coach Todd Hoffner received a written notice from Minnesota State University, Mankato late Tuesday afternoon about a 20-day unpaid suspension that begins...
College basketball's best _ so far
Labels: SportsKentucky's Anthony Davis was pretty much everyone's choice as the national player of the year last season.This season, at least as it nears the midpoint, the player of the year honor appears to be up for grabs.Though there are a few players who might be considered front-runners, there are roughly two dozen, maybe more, who could be considered the best in the country.Here's a few, sort of a sampler...
NCAA considering proposals to change recruiting
Labels: SportsThe NCAA released a package of proposals Friday that would change the recruiting calendar, lift restrictions on how and how often coaches can contact recruits, and allow athletes to accept more money for participating in non-scholastic events.All the proposals are expected to be voted on Jan. 19 at the NCAA's annual convention near Dallas. If approved, they could take effect Aug. 1.This is the first...
NCAA suspends Texas Longhorns guard Myck Kabongo of Toronto 23 games
Labels: SportsThe NCAA has suspended Texas basketball player Myck Kabongo of Toronto for 23 games for accepting impermissible benefits and providing false statements during an investigation into the infractions.The Division I committee on student-athlete reinstatement announced the suspension Friday.Kabongo also must repay $475 to a charity of his choice. The suspension includes the 10 games he has already missed.The...
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