IBTimes Australia : House of Representatives Topic

Apple, Congress spar over taxes ahead of Tuesday hearing

Tue, 21 May 2013 09:14:02 +1000

Using an unusual global tax structure, Apple Inc has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a U.S. Senate report on the company's offshore tax structure said on Monday.

Apple's stateless subsidiaries lower tax bills: Senate report

Tue, 21 May 2013 07:21:04 +1000

Using an unusual global tax structure, Apple Inc has held billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a Senate report on the company's offshore tax structure concluded on Monday.

Former GOP Senator Judd Gregg named CEO of lobbying group SIFMA

Mon, 20 May 2013 23:14:04 +1000

The Securities Industry and Financial Markets Association named former Republican Senator Judd Gregg as its chief executive officer, the lobbying group said Monday.

Analysis: Shrinking deficit reduces pressure for budget deal

Mon, 20 May 2013 15:28:02 +1000

The chances of a deal between Democratic and Republican lawmakers that would overhaul the tax system, trim government spending and reform safety net spending programs appear to be fading.

IRS chief declines to identify employees involved in scandal

Sat, 18 May 2013 08:28:02 +1000

The outgoing head of the U.S. Internal Revenue Service angered Republican lawmakers on Friday by resisting their demands that he identify who at the tax-collection agency had inappropriately targeted conservative groups for extra scrutiny.

After tough week, Obama tries to change the subject to jobs

Sat, 18 May 2013 06:28:03 +1000

President Barack Obama on Friday sought to turn the spotlight from controversies threatening to swamp his agenda back to his top priority - the economy - and announced he will try to cut in half the time it takes to get federal approval for large job-creating projects.

Lawmakers accuse IRS officials of lying in tax scandal

Sat, 18 May 2013 00:35:04 +1000

U.S. lawmakers accused leaders of the Internal Revenue Service of lying on Friday as they opened the first in a series of investigative hearings about the tax collection agency's targeting of conservative groups.

Political storm over IRS targeting scandal shifts to U.S. Congress

Fri, 17 May 2013 15:14:02 +1000

A U.S. House of Representatives panel on Friday opens the first in a series of investigative hearings in Congress on the Internal Revenue Service's targeting of conservative groups for extra tax scrutiny, as the political storm over the scandal shifts to Capitol Hill.

U.S. tax chief forced out in IRS scandal

Thu, 16 May 2013 12:49:02 +1000

Washington's top tax official was fired on Wednesday as President Barack Obama sought to stem a rising tide of criticism over the Internal Revenue Service's improper targeting of conservative groups for special scrutiny.

U.S. tax chief fired over scandal, Obama announces

Thu, 16 May 2013 09:56:03 +1000

Washington's top tax official was fired on Wednesday as President Barack Obama sought to stem a rising tide of criticism in a scandal over the Internal Revenue Service's targeting of conservative groups for special scrutiny.

Second US General Warns of 'Disruptive and Destructive' Cyber Attacks

Wed, 15 May 2013 21:44:50 +1000

US general responsible for cyber-security voices concern that attacks against the country will worsen unless new legislation is introduced.

US Urged to Take Tougher Line on Indian Trade Practices

Wed, 15 May 2013 14:25:54 +1000

A U.S. think tank on Tuesday recommended Congress suspend trade benefits for India, in the latest sign of U.S. frustration over Indian policies that block American exports and "free ride" on costly U.S. research to develop new medicines and other forms of valuable intellectual property.

FBI to probe U.S. tax agency's actions on conservative groups

Wed, 15 May 2013 06:14:02 +1000

Attorney General Eric Holder said on Tuesday he had ordered the FBI to open a criminal probe in a growing scandal over the Internal Revenue Service's targeting of conservative political groups for extra tax scrutiny.

U.S. Navy makes aviation history with carrier drone launch

Wed, 15 May 2013 05:21:01 +1000

The U.S. Navy made aviation history on Tuesday by launching an unmanned jet off an aircraft carrier for the first time, taking an important step toward expanded use of drones by the American military with an eye on possible rivals like China and Iran.

White House under Fire over AP Yemen Terror Plot Phone Records Seizure

Wed, 15 May 2013 00:40:32 +1000

Associated Press’s 2012 CIA Yemen terror plot operation story behind Justice Department seizure.

US Vice President Joe Biden Advocates Tax on Violent Games

Tue, 14 May 2013 21:36:28 +1000

US Vice President Joe Biden has said there would "no legal reason" preventing a tax on violent video games

Obama slams IRS actions, calls Benghazi probe a 'sideshow'

Tue, 14 May 2013 08:42:01 +1000

President Barack Obama on Monday called the targeting of conservative groups by U.S. tax officials "outrageous" and said that any Internal Revenue Service employees involved would be held accountable.

Documents in case against Internet activist Swartz to be released

Tue, 14 May 2013 08:07:02 +1000

A U.S. judge on Monday ordered the release of previously sealed documents in the criminal hacking case against deceased Internet activist Aaron Swartz.

SEC chair agrees with calls for U.S. stock market review: official

Tue, 14 May 2013 07:42:02 +1000

The head of the Securities and Exchange Commission, Mary Jo White, is on board with calls for a broad review of the framework of the U.S. equity market, which has been roiled by software glitches over the past year, an SEC commissioner said on Monday.

U.S. senators seek to block Iran's forex exchange reserve access

Thu, 09 May 2013 04:14:05 +1000

A bipartisan group of U.S. senators introduced legislation on Wednesday to block Iran's access to billions of dollars worth of foreign currency reserves, the latest step by Congress to try to slow the Islamic Republic's disputed nuclear program.

Republican Senator Saxby Chambliss Sinks Hole in One against Barack Obama

Wed, 08 May 2013 19:57:50 +1000

Presidential efforts to smooth welfare reform negotiations result in dream shot for Chambliss.

Fight expected in House on online sales tax

Tue, 07 May 2013 10:21:04 +1000

The Senate voted overwhelmingly on Monday to give states the power to enforce their sales tax laws on online purchases, but the legislation faces a tougher fight in the Republican-controlled House of Representatives.

'Fight expected in House' on online sales tax

Tue, 07 May 2013 10:07:05 +1000

Online sales tax clears Senate, fight seen in House

Tue, 07 May 2013 09:21:04 +1000

Senate backs bill empowering states on online sales taxes

Tue, 07 May 2013 09:00:05 +1000

The Senate on Monday cast a majority of votes to give states the power to enforce their sales tax laws on online purchases, but the bill was expected to stall later in the Republican-controlled House of Representatives.

States balk at making up for cuts, guard revenues

Fri, 03 May 2013 08:14:02 +1000

As they finalize budgets for the next fiscal year, many states are sending a message to the government about the effects of spending cuts known as sequestration on federally funded projects: You're on your own.

U.S. government may not hit debt limit until October: analysts

Sat, 27 Apr 2013 08:00:05 +1000

The United States might not hit the statutory limit on its debt until October, a policy research group said on Friday, giving Republican lawmakers more time to extract spending cuts from the Obama administration in return for extending the borrowing cap.

Cyber War – Just the Beginning of a New Military Era

Fri, 26 Apr 2013 20:11:41 +1000

Shlomo Kramer, one of the most respected figures in the cyber security world, believes we are only at the beginning of a new military era which includes cyber.

Boston suspects had "spontaneous" bomb plan for New York

Fri, 26 Apr 2013 11:42:02 +1000

The two brothers suspected of carrying out last week's deadly Boston Marathon bombing decided, after the FBI released photos of them, to drive to Manhattan and detonate more explosives in Times Square, New York City officials said on Thursday.

AT&T fires back at Justice Dept over U.S. airwaves auction rules

Fri, 26 Apr 2013 08:14:05 +1000

AT&T Inc on Thursday slammed the Justice Department for what it called "blatant favoritism" toward smaller wireless rivals in recommending that regulators help them compete in the forthcoming spectrum auction.