Taxes | featured news

House Democrats shouldn't expect votes from Republicans in passing a bill that increases taxes on the rich to pay for health care reform.

President Obama, Governor Schwarzenegger and other esteemed politicos may routinely distance themselves from the potential windfall that would accompany legalizing and taxing cannabis, but amid California's latest and deepest financial crisis the state Board of Equalization has tagged a whopping revenue figure to such a notion.

House Democrats took a big step toward guaranteeing health insurance as they introduced a bill that would expand coverage and raise taxes on high-income people.

The U.S. and Swiss governments and banking giant UBS AG indicated Sunday they were seeking a settlement and asked a federal judge ...

UBS AG Chief Executive Oswald Gruebel sent a memorandum to the bank's top executives on Thursday saying the bank could not comply with a U.S. government request to disclose the identity of 52,000 secret account holders, a source familiar with the situation told Reuters.

After huddling Wednesday with Democrats on the Senate Finance Committee, Chairman Max Baucus told reporters that lawmakers still need to come up with $320 billion over the coming decade in taxes to pay for the health care plan.

The government said it would seize the bank’s client data, which U.S. authorities have demanded to settle a tax case.

Swiss bank UBS AG "systematically and deliberately" violated U.S. law by dispatching private bankers to recruit wealthy Americans interested in evading taxes and must be forced to reveal the identities of 52,000 of those clients, the Justice Department said in a court filing Tuesday.

Lawmakers and administration officials on Sunday distanced themselves from the idea of taxing health benefits to help pay President ...

With tax incentives gone, big banks are exiting the clean tech game. Can private equity and the government fill the void?