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January 9, 2009



Blackstone's Tax Burden Could Double

Blackstone Group would face a much bigger tax burden under legislation senators proposed Thursday, just days before the private-equity firm's co-founders stand to earn billions in an initial public offering of stock.

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Surpluses won't mean tax cuts: Swan

Federal Treasurer Wayne Swan has called an end to the previous Howard government policy of returning excess budget surpluses as tax cuts.

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Tax reform proposal eliminates deduction of property taxes and limits size of interest on mortgage deducted

WASHINGTON -- Owning a home would lose a lot of its tax advantages if a presidential tax reform panel proposal ever becomes law. Homeowners would no longer be allowed to deduct property taxes and their mortgage interest deductions would be limited under a simplification plan endorsed by the panel. Read more here

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