The idea of a 2% service tax is appealing to Michigan's Governor Granholm because it avoids having to deal with limitations on taxes that the citizens of Michigan voted into their state constitution.

Michigan wants to increase service tax to help the economy.

Republican presidential hopeful Rudy Giuliani plans to propose reducing corporate tax rates and cutting other individual taxes that his campaign said on Friday put a crimp on Americans' wallets.

Moving to clear up confusion about a recent tax law change, the Internal Revenue Service today (August 7) reassured teachers and other school employees that new deferred-compensation rules will not affect the way their pay is taxed during the upcoming school year.

The Internal Revenue Service announced that purchasers of qualified Ford Motor Company vehicles may continue to claim the Alternative Motor Vehicle Credit.

To help people with tax planning, the Internal Revenue Service is publishing Summertime Tax Tips to provide useful and concise advice on topics that affect millions of taxpayers.

The European Commission’s intends to present a legislative proposal on this subject during 2008

Taxing certain foodstuffs in the UK could prevent up to 3200 deaths from heart attacks and stroke every year, suggests a study in the Journal of Epidemiology and Community Health .

The Internal Revenue Service announced on July 9 that it is reconsidering a series of private letter rulings (PLRs) issued by the Office of the Associate Chief Counsel, Passthroughs & Special Industries.

The federal judge overseeing a criminal tax shelter case indicated Monday that he might not dismiss charges after all against a dozen indicted defendants from KPMG, The New York Times reported.

Mellon Bank has agreed to pay $16.5 million to the federal government to settle claims that it allowed overwhelmed employees to destroy thousands of federal tax returns and payments in 2001, The Associated Press reported.

An initiative to farm out tax collection to private agencies survived a challenge Thursday from House lawmakers who said the program was improper and should be eliminated, The Associated Press reported.