January 9, 2009
Shanxi Taigang Steel’s Shares Jump as Tax Cut to Bolster Profit
Dec. 24 (Bloomberg) -- Shanxi Taigang Stainless Steel Co. , China’s biggest producer of the rustproof metal, jumped the most in four weeks in Shenzhen trading after it said a tax cut will bolster profit. Read more hereRomney rethinking new powers for tax aide
Governor Mitt Romney backed away yesterday from his proposal to give the state's top revenue official new discretion to pursue corporations that lower their tax bills by transferring profits outside Massachusetts, as national antitax groups chastised the governor for his broader, three-year quest to close what he calls tax loopholes benefiting corporations.
Consumers mark tax rebates for bills, savings
The first batch of taxpayers has already started to receive their federal tax rebates as part of the economic stimulus package, but very few consumers interviewed by Reuters in the past week said they plan to spend them on anything other than necessities.
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