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Wealth gap leaves local governments cash strapped

Wealth gap leaves local governments cash strapped

Income inequality is taking a toll on state governments. The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according…

Treasury will try to limit tax evasion overseas shifts

Treasury will try to limit tax evasion overseas shifts

Treasury Secretary Jacob Lew said Monday the Obama administration will decide “in the very near future” what actions it can take to make it less profitable for U.S. companies to…

Obama: Overseas tax dodges are ‘unpatriotic’

Obama: Overseas tax dodges are ‘unpatriotic’

President Barack Obama says a loophole that lets companies dodge U.S. taxes by moving their headquarters overseas is unpatriotic. Obama is denouncing “tax inversions” in his weekly radio and Internet…

IRS claims emails lost in tea party tax scandal

IRS claims emails lost in tea party tax scandal

The Internal Revenue Service said Friday it has lost a trove of emails to and from a central figure in the agency’s tea party controversy, sparking outrage from congressional investigators…

April 15th tax deadline? Not really

April 15th tax deadline?  Not really

The calendar shows April 15, and you haven’t even started on your federal tax return? Chances are, you don’t need to fret. If you’re due a refund — and about…

How did Caterpillar avoid paying billions in taxes?

How did Caterpillar avoid paying billions in taxes?

Executives from manufacturing giant Caterpillar Inc. are heading to Capitol Hill to explain what one senator calls an aggressive strategy to avoid paying billions of dollars in U.S. taxes. Caterpillar…