Taxes | featured news

Facing shrinking revenues, some local governments are raising their bed tax or proposing changes. Among the recent examples: In the Florida Keys, hotel guests starting on June 1 will pay more in bed taxes, a Miami Herald story says. The...

The plan would generate $4 billion a year by raising taxes on the highest earners, in a move that would help to close the state’s budget deficit.

The White House announced this afternoon that President Obama is nominating Helen Elizabeth Garrett as assistant secretary of Treasury for tax policy.

The agency has drafted a plan that significantly lowers a penalty that applies to wealthy Americans who hide money overseas in secret accounts.

As administration prepares to unveil economic plan, some of its economic officials react coolly to Congress's efforts to punitively tax payments.

Executives say legislation to severely tax bonuses may imperil the housing recovery program.

The House of Representatives is expected to vote Thursday on legislation to try to recoup bonuses paid to Wall Street executives with taxpayer money.

At least 13 firms receiving billions of dollars in bailout money owe a total of more than $220 million in unpaid federal taxes, a key lawmaker said Thursday.

Could marijuana be the answer to the economic misery facing California? Democratic State Assembly member Tom Ammiano thinks so. Ammiano introduced legislation last month that would legalize pot and allow the state to regulate and tax its sale — a move that could mean billions for the cash-strapped state.

The Swiss government says it will cooperate on cases of international tax evasion, breaking with a long-standing tradition.