Federal Court Bars Alleged Co-Owner of Las Vegas Instant Tax Service Franchise from Preparing Tax Returns
A Nevada federal court has permanently barred Benyam Tewolde from preparing tax returns for others, the Justice Department announced today. Tewolde and his wife, Yordanos Kidanits, are the alleged co-owners of an Instant Tax Service franchise that...
Top French Court Overturns 75 Percent Tax Rate for Rich
France's highest court has overturned the Socialist government's 75 percent income tax rate for the wealthy.
Obama Urges Congress to Avoid Fiscal Cliff
U.S. President Barack Obama has called on Congress to meet the January 1 deadline to avert a looming set of tax hikes and spending cuts - the so-called fiscal cliff - that threaten to plunge the U.S. economy back into recession.
US Congress Shows No Urgency on 'Fiscal Cliff'
Four days before Americans face massive automatic tax increases and deep federal spending cuts, Washington is showing no signs of forging a deficit reduction agreement to avert the so-called “fiscal cliff.” Many lawmakers are absent from Washington...
Statement at the Conclusion of an IMF Mission to Jordan
“The authorities and the mission held very constructive discussions about the road ahead and how to overcome the challenges Jordan faces. The authorities have reaffirmed their commitment to continue their program of reforms to keep the fiscal and...
US Could Step Off 'Fiscal Cliff' in Days
Less than a week remains before a still-recovering U.S. economy confronts a draconian austerity regime of automatic, across-the-board tax increases and deep cuts to federal spending. Hopes of averting the so-called “fiscal cliff” by January 1 are...
Malawi Group Demands Improved Economy
In Malawi, civil society groups have expressed concern that President Joyce Banda is not doing enough to stimulate the nation’s economy.
Political Bickering Hurts US Economy
Continued political bickering in the United States is hurting stock and commodity prices and slowing spending by some U.S. holiday shoppers.
Around the World, 2012 Holiday Shopping is Subdued
The World Bank and Morocco Partner to Manage Currency Risk
The World Bank executed a US$1 billion currency swap transaction for Morocco to manage its exposure to the US dollar from a recent bond issuance. This transaction supports Morocco’s currency risk management strategy by hedging against fluctuations...
