Will Mortgage Deduction Survive Fiscal Cliff?

When politicians talk about closing tax loopholes, it seems like they're targeting greedy corporations. But they're also talking about Jaclyn Picarillo, 33, mom of two and American homeowner.The home mortgage interest tax deduction is one of the biggest tax breaks available and it allows individuals to deduct the interest they pay to their mortgage company.It has encouraged...

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Starbucks to review British tax arrangements

LONDON: Global coffee giant Starbucks said Sunday it was reviewing its tax affairs in Britain after it took a roasting from lawmakers and campaigners who accuse the chain of paying too little.The Seattle-based firm admitted that "we need to do more" although it would not confirm a report in Britain's Sunday Times newspaper that it will promise this week to increase the amount of corporation...

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FDI in retail to safeguard international market mafias' interest: BJP

ANI Dec 1, 2012, 03.28PM ISTNEW DELHI: India's main opposition Bharatiya Janata Party (BJP) today said retail reform is a step taken by the Congress led-federal government to safeguard the interests of the international market mafias at the cost of national interest. BJP vice president Mukhtar Abbas Naqvi said on Saturday that voting inside the parliament would decide as to who is in favour of national...

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Photos: Kilauea Lava Reaches the Sea

Into the Sea Photograph by Hugh Gentry, ReutersA spectacular natural phenomenon was on display early this week as lava from a vent in Hawaii's Kilauea volcano flowed into...

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Geithner on Fiscal Cliff: Ball Is in GOP's Court

Dec 2, 2012 9:00am (ABC News)With the fiscal cliff looming and no deal to resolve it in sight, Treasury Secretary Timothy Geithner expressed confidence that a compromise could be reached during my interview with him on “This Week,” but said the burden is now on Republicans to help find a solution to avoid a potential economic crisis.(More from Sunday’s show HERE.)“I...

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Sen. Ayotte offers GOP an influential new voice

The three Republican senators emerged grim-faced from a basement meeting room in the Capitol on Tuesday and took turns before a bank of televisions cameras, blasting away at the Obama administration for its handling of the deadly attack on an American outpost in Benghazi, Libya. The first two were prominent national security heavyweights, Arizona’s John McCain and Lindsey O. Graham of...

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29 bus drivers who will be repatriated will be paid: SMRT

SINGAPORE: Public transport operator SMRT said the 29 drivers who will be repatriated will be paid, before they leave the country. They will be given all salaries, all claims if any, and ex gratia bonuses on a pro-rated basis.In its statement on Saturday evening, SMRT said there are valuable lessons learnt from this incident which are being addressed by the management.SMRT said it needs...

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FDI in retail to safeguard international market mafias' interest: BJP

NEW DELHI: India's main opposition Bharatiya Janata Party (BJP) today said retail reform is a step taken by the Congress led-federal government to safeguard the interests of the international market mafias at the cost of national interest.BJP vice president Mukhtar Abbas Naqvi said on Saturday that voting inside the parliament would decide as to who is in favour of national interest and who is working...

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Photos: Kilauea Lava Reaches the Sea

Into the Sea Photograph by Hugh Gentry, ReutersA spectacular natural phenomenon was on display early this week as lava from a vent in Hawaii's Kilauea volcano flowed into...

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Obama: Don't Hold Middle-Class Tax Cuts Hostage

Dec 1, 2012 6:00am AP Photo/Charles DharapakPresident Obama is urging Congress to extend tax breaks for the middle class, saying it’s “unacceptable for some Republicans in Congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the wealthiest Americans.”With the clock ticking toward the so-called “fiscal cliff,” Obama asked...

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