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MAY 09, 2016 - Zero Hedge

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'Public Servants' - Who Is Serving Whom?

Submitted by Matthew Bankert via The Mises Institute, When was the last time you used a government “service”? Maybe you went to the DMV to get a new driver’s license, or maybe you signed up for new healthcare plan using Healthcare.gov (you’d better — or else!). Whatever transaction it was, there was a government employee on the other end — ...

Tags: 'Public Servants' - Who Is Serving Whom?,  Taxes Latest News

MAY 09, 2016 - Washington Business Journal

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H&R Block seeks fresh approach as more file taxes themselves

The latest 2016 tax season numbers posted by the Internal Revenue Service suggest that H&R Block Inc. faces an uphill climb as it works to stem a multiyear decline in its professionally prepared tax returns. H&R Block (NYSE: HRB) is coming off dismal news on its tax season efforts, with assisted tax returns dropping 5.8 percent to 12.2 million and ...

Tags: H&R Block seeks fresh approach as more file taxes themselves,  Taxes Latest News

MAY 09, 2016 - Zero Hedge

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The Problem Of Excessive Optimism

Submitted by Lance Roberts via RealInvestmentAdvice.com, Commercial bankruptcies are skyrocketing, oil prices have collapsed, profits have declined and Central Banks globally are pushing negative interest rates in hopes of keeping economies afloat. At any other point in history, such a combination of events would have investors scrambling for cover as market prices fell. Currently, however, the majority of the mainstream analysis continues ...

Tags: The Problem Of Excessive Optimism,  Taxes Latest News

MAY 09, 2016 - Zero Hedge

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St. Louis Fed Slams Draghi, Kuroda - "Negative Rates Are Taxes In Sheep's Clothing"

"At the end of the day, negative interest rates are taxes in sheep’s clothing. Few economists would ever claim that raising taxes on households will stimulate spending. So why would they think negative interest rates will?" Those are the shocking words of St.Louis Fed Director of Research Christopher Waller whose brief note today will be required reading for everyone at ...

Tags: St. Louis Fed Slams Draghi, Kuroda - "Negative Rates Are Taxes In Sheep's Clothing",  Taxes Latest News

MAY 09, 2016 - Washington Business Journal

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Colorado braces for multi-million-dollar tax refunds to oil and gas companies

Colorado legislators were scrambling Monday to set aside tens of millions of dollars in order to pay potential refunds that a court ruling says are due to oil and gas companies for deductions to severance-tax payments that the companies couldn’t take for years. The ruling comes on the heels of a Colorado Supreme Court ruling on April 25 that said ...

Tags: Colorado braces for multi-million-dollar tax refunds to oil and gas companies,  Taxes Latest News