March 12, 2010
Capital reductions and tax peril for shareholders
Given the uproar that has taken place over tax liabilities related to the transfer of shares recently, many shareholders who have implemented a structure to sell their shares tax-free may be facing increased anxiety levels.
Senators Offer Plan to End Tax Break ‘Loophole’ for Papermakers
June 12 (Bloomberg) -- Two U.S. senators plan to end a loophole that allows papermakers to use some diesel at their manufacturing plants in order to qualify for a tax break meant to encourage the use of biofuels. Link to original articleDeveloper of old U.S. Courthouse seeks more state tax credits
The national credit crunch has endangered the redevelopment of the historic U.S. Courthouse at 811 Grand Blvd., forcing the developer to seek another $4 million in state tax credits.
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