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January 9, 2009



Proposal to tax corridor banks gathers steam

FRONT ROYAL — An effort to levy a tax on Warren County banks has moved forward. The Warren County Board of Supervisors will consider later this month whether to authorize a public hearing on the tax. The supervisors discussed it during a work session Tuesday.

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Tax Credit Equity Fund Gets $50M for Low-Income Development

National New Markets Fund L.L.C. has received a $50 million New Markets Tax Credit allocation from the Treasury Department to provide funding for real estate development in financially strapped neighborhoods.

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Australia plans tax restructuring

Australia's government will set up a full review of the country's tax system when it hands down an inflation-fighting budget on Tuesday.

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