tax break

Forty-two House members have sent a letter to the conferees on the payroll tax break extension package, asking that spectrum incentive auction legislation in the package allows the Federal Communications Commission to use some of spectrum reclaimed from that auction for unlicensed wireless.

A tax break added billions to the federal government’s current deficit, but the government says it should recoup 80 percent of the shortfall in the future.

Some large corporations are pushing for a tax holiday to bring offshore profits back home, but the last time such a break was given, the economic benefits were limited.

Brazil's President Dilma Rousseff has signed a provisional bill that would allow manufacturers of tablet PCs to sidestep a 9.25% social-security tax and benefit from a reduction in the industrial-production tax, which would drop from 15% to 3%.

Toymaker Hasbro Inc. will receive up to $1.6 million in sales tax breaks for its plans to add nearly 300 jobs to its Rhode Island payroll.

The Legislature's attempt to speedily approve $300 million in tax breaks took a decisive step Wednesday, with the House unanimously voting for a tax break bill that also included a temporary pay increase for people claiming new unemployment benefits.

In effort to wean Citigroup and other firms from taxpayer bailout that helped them survive, IRS issues exception to longstanding tax rules.

A tax break of $40,000 or more in Denmark may draw buyers to electric cars, but it is not certain drivers will make the switch, and there are concerns about the battery infrastructure.

Economists disagree about a lot of things, but not about today's job market.They all say it's terrible.U.S. employers are creating far too few jobs to absorb the 15 million people who need paychecks.Now some economists are pushing an idea they say could help.

They want Congress to approve a tax credit for employers who create new jobs.

The credit for homebuyers is on track to cost the government $15 billion.