Tax eBrief: Return of Federal Payroll tax hits retailers, and more

Tax-eBrief-Federal-Payroll-Tax-REUTERS-Lucas-Jackson-shopping-300x186_130222

The recently restored federal payroll tax that has left Americans with less money to spend. Wal-Mart Stores Inc. on Thursday joined a parade of retailers, restaurants and consumer-goods companies worried about the economic impact. Continue reading

Tax eBrief: Obama repeats call to end tax break for corporate jets, and more

Tax eBrief: Jet REUTERS

President Obama wants to stave off massive federal spending cuts scheduled March 1, but one of his suggestions to close tax breaks on corporate jets has upset that industry and Republican congressional leaders. Continue reading

Tax eBrief: EU financial transaction tax push causes dismay, and more

Tax eBrief: Capitol Hill REUTERS/Jim Young

The European Commission appears determined to press ahead with a Europe-wide financial transaction tax in spite of warnings that it threatens the existence of Europe’s 1 trillion euro ($1.37 trillion) money market funds industry. Continue reading