January 9, 2009
Governor prefers 'flatter' tax
In an effort to look out for Utah's poor, Gov. Jon Huntsman Jr. is trying to change the vernacular of tax reform. A task force of legislators and state officials is debating the merits of a flat tax tied to eliminating the property tax exemption for homes and ending the income tax deduction for charitable donations.
Merill set to avoid UK tax after $29bn loss
Merrill Lynch is unlikely to pay corporation tax in the UK for several decades after $29bn (£16bn) of losses suffered by the US investment bank were charged to its London-based subsidiary.
PORTLAND, Ore. (AP) -- Oregon is among a growing number of states exploring ways to tax drivers based on the number of miles they drive instead of how much gas they use, even going so far as to install GPS monitoring devices in 300 vehicles. More...Federal Tax Form -
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