Business news with words hike+tax. 39 news.

Joseph Egerton, owner of a glassware shop in Old Town Alexandria, was too busy selling, wrapping and packing gift items during the hectic holiday season to do more than glance at some placards he saw denouncing a new tax increase.

CHINA will increase export tariffs to 25 percent for steel billets and pig iron, and to 15 percent for strip coil and long products from Tuesday, the Ministry of Finance said yesterday. Analysts said the increase was not as large as expected and won't have large impact on the domestic market. The ministry had announced last week it will impose higher tariffs next year to curb a record trade surplus and cut pollution, without giving detailed tax rates. Tariffs for billets and pig iron will be raised to 25 percent from the current 15 percent, while those on hot-rolled coil and so-called long products will be increased to 15 percent, from the current five to 10 percent, the ministry said. "It's lower than speculated," said Xu Xiangchun, director of Beijing Lange Steel Information Research Center. "The hike underscores state efforts to discourage exports for such lower added value steel products." Xu said the domestic market won't be significantly influenced by

Edmonton's mayor is looking for ways to save money after council approved a property tax increase of 7.5 per cent this week.

The House passed a one-year “patch” for the alternative minimum tax on Wednesday, acting to shield taxpayers from an average hike of about $2,000.

The Senate voted Thursday to block a looming tax increase averaging $2,000 for millions of taxpayers after Senate Republicans succeeded in thwarting a Democratic plan to also raise taxes on investors.

Anyone trying to sell a house in Montgomery County will have to disclose the likely increase in property taxes that will occur once the property changes hands, under legislation unanimously approved yesterday by the County Council.

Prince William and Loudoun counties have decided not to impose higher taxes on commercial office buildings and shopping centers, reducing the amount of money made available to them by the General Assembly to pay for road and transit projects.

Hamilton County residents will continue to get a property tax rollback promised to them in return for their support of a sales tax hike back in 1996.

David Cameron calls for a simpler tax regime to help business and pledges to fight a capital gains tax hike.

(AP) -- Democratic House Speaker Michael Madigan has backed away from a proposed Chicago-area sales tax increase to bail out mass transit. Madigan now says he'll advance legislation modeled on a Republican proposal to redirect state sales tax revenue on gasoline purchases to the area's ...

Gordon Brown came under new pressure to water down a planned CGT hike as he faced business leaders for the first time as Prime Minister

Euromoney Institutional Investor shares tumbled more than 13pc after the financial media company warned that growth had slowed despite reporting a record 50pc hike in full-year adjusted profit before tax.

(Crain's) -- The city this year will collect more than a half-billion dollars in property taxes from little-understood but fast-growing tax-increment financing (TIF) districts -- six times as much as the controversial tax hike that won narrow approval Wednesday in the City Council. A report ...

Aldermen agree to $86 million increase despite vocal critics Brushing off a rare show of opposition, Mayor Richard Daley won easy City Council approval Tuesday of a spending and tax plan that will tap into the wallets of just about everyone who lives, works or plays in Chicago.

The measure would give relief to 23 million people but raise levies on big investors. It now goes to the Senate. Capping a spirited debate, the Democratic-led House voted Friday to shield more than 23 million Americans from a tax hike this year under the alternative minimum tax -- and hit up wealthy managers of private equity firms and hedge funds to make up the difference.

A sharply divided Maryland Senate approved a $1.4 billion annual tax increase yesterday, the largest component of a plan to close a gaping state budget shortfall that Gov. Martin O'Malley is pushing lawmakers to adopt in a special legislative session now two weeks old.

Washington is abuzz about the tax proposal introduced recently by House Ways and Means Chairman Charles Rangel (D-N.Y.). The bill tackles a host of tax policy matters but its centerpiece proposes to repeal the Alternative Minimum Tax (AMT) and offset that revenue loss with an $800 billion tax increase on the roughly 3.5 million taxpayers earning above $200,000 a year. The tax increase hikes marginal tax rates by nearly 5 percentage points. Republicans have been quick to attack this tax increase on small business owners and entrepreneurs and rightly point out that the high marginal tax rates in the Rangel plan would negatively impact the economy.

Further signs of a cooling in the alliance of business groups opposing the Government's plans for an 80pc capital gains tax hike come today with the CBI presenting its own proposals to the Treasury.

New Brunswick's finance minister says residents in the province shouldn't assume they will see a reduction in taxes at the cashier, despite the federal government's announcement it will be rolling back the GST.

Sir Philip Green, the billionaire owner of the Bhs and Arcadia fashion empires, has waded into the controversy surrounding Alistair Darling proposed's 80pc hike in capital gains tax on business assets.