I.R.S. Ends Exemptions For 275,000 Nonprofits
The I.R.S. announced on Wednesday that it had revoked the tax exemptions of 275,000 nonprofit organizations after they did not meet legal requirements to file annual tax forms. The action shrinks the...
View ArticleCongress Passes Trade Deals, Ending 5-Year Standoff
The approval of the deals with South Korea, Colombia and Panama is a victory for President Obama and proponents of the view that foreign trade can drive America’s economic growth in the face of rising...
View ArticleIn California, a Push for Tax Increases on the 2012 Ballot
But faced with the prospect of withering budget cuts and deficits that stretch through at least the middle of the decade, that may be about to change. A near glut of initiatives that would raise taxes...
View ArticleEmergency Decree Puts in Place More Cuts in Italy
The measures are meant to slash the cost of government, combat tax evasion and step up economic growth, so the country can eliminate its budget deficit by 2013. Mr. Monti took the steps in an emergency...
View ArticleItaly’s Leader, Monti, Offers Tax Increases, Not Deep Reform
Mr. Monti’s difficulty in carrying out economic reforms could weaken the underpinnings of the accord reached in Brussels last week in which European leaders agreed to greater political coordination to...
View ArticleItalian Premier, Monti, Presents Plan for Economic Growth
Devised to spur growth in a country that has seen little of it in the past 15 years, the proposals would include liberalizing Italy’s closed professions and guilds, encouraging competitiveness and...
View ArticleItaly Plans New Measures to Liberalize Economy
The measures come as Mr. Monti, a technocrat who assumed power in November, races to prevent Italy from falling into an “austerity trap,” in which the $40 billion package of tax increases and spending...
View ArticleShowdown at Italian Steel Plant Is Test of Monti and Economy
The developments at the Ilva plant, in the southern city of Taranto, came after a court on Monday ordered the plant’s steel seized, claiming that pollutants resulting from production have driven up...
View ArticleEconomix Blog: Labor Sees Bright Spots in Membership Trends
The American labor movement received some bitter news last week when the Bureau of Labor Statistics released its annual report on union membership – it showed a 398,000 overall decline in union...
View ArticleDealBook: Indian Tire Maker to Buy Cooper Tire for $2.5 Billion
One of India’s largest tire makers, Apollo Tyres, announced a deal on Wednesday to acquire the Cooper Tire and Rubber Company for $2.5 billion in cash. The acquisition would give Apollo a major...
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