WASHINGTON/NEW YORK (Reuters) - At payroll processing businesses across the United States, the "fiscal cliff" stalemate in Washington means uncertainty over tax-withholding tables just days before the start of 2013.The U.S. Internal Revenue Service still has not issued the tables for next year that show how much money employers should hold back from workers' paychecks to cover federal income taxes.Payroll...
Future of state estate taxes hangs on U.S. "fiscal cliff"
Labels: BusinessNot necessarily for some state governments that could begin collecting more in estate taxes on wealth left to heirs if the United States goes over the "cliff," allowing sharp tax increases and federal spending cuts to take effect in January.In an example of federal and state tax law interaction that gets little notice on Capitol Hill, 30 states next year could collect $3 billion more in estate taxes...
Exclusive: Profits up, but Britain gets less tax from big firms
Labels: BusinessBig companies in Britain now pay less tax than they did 12 years ago despite a big jump in profitability, a Reuters analysis of official data shows. Tax campaigners say the trend is the clearest signal yet that tax avoidance has blossomed under a more business-friendly strategy at the UK tax authority Her Majesty's Revenue and Customs (HMRC).Large companies' payments of corporation tax - the UK equivalent...
House sets Sunday session as "fiscal cliff" deadline nears
Labels: Business The House of Representatives will return to Washington on Sunday night, just over a day before income tax rates are set to spike higher, in a last-ditch chance to avert the year-end "fiscal cliff."Senior Republican aides confirmed that House Speaker John Boehner on Thursday told members to be back in Washington in time for a 6:30 p.m. EST (2330 GMT) legislative session on Sunday.The House may...
New York City faces $811 million budget gap in FY 2014: report
Labels: Business New York City faces an $811 million budget shortfall in fiscal year 2014 and lowered revenue projections in part because of Superstorm Sandy, the city's Independent Budget Office said on Thursday.The city's tax revenue collections are likely to grow by just 3.4 percent in fiscal 2014 to $44.8 billion. That figure is $347 million lower than the IBO projected in May, it said.The dimmer outlook...
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Ten Commandments join Isaac Newton's notes online
Labels: TechnologyA copy of The Ten Commandments dating back two millennia and the earliest written Gaelic are just two of a number of incredibly rare manuscripts now freely available online to the world as part of a Cambridge University digital project.The Nash Papyrus -- one of the oldest known manuscripts containing text from the Hebrew Bible -- has become one of the latest treasures of humanity to join Isaac Newton's...
CERN students make "scientist fiction" zombie film
Labels: TechnologyMurderous zombies are stalking the dark underground passageways of the renowned CERN physics centre near Geneva, hunting young scientists who have survived a devastating failure in its world-famous particle collider.Gaunt men with peeling faces and stony-eyed women dripping blood from their mouths leer around corners and loom from behind wrecked equipment, impervious to the bullets from a gun wielded...
Fandango launches Oscar-themed web series with Dave Karger
Labels: Technology Fandango is elbowing into the Oscar horse race.The movie-ticket seller launched its first original digital video series Wednesday, "The Frontrunners," which will cover the major contenders for the top awards. The show will feature conversations with a star-studded group of Oscar hunters that includes Richard Gere ("Arbitrage"), Amy Adams ("The Master"), Hugh Jackman ("Les Miserables") and Ben...
Pope needs help sending out blessing in first tweet
Labels: TechnologyAfter weeks of anticipation bordering on media frenzy, Pope Benedict solemnly put his finger to a computer tablet device on Wednesday and tried to send his first tweet - but something went wrong.Images on Vatican television appeared to show the first try didn't work. The pope, who still writes his speeches by hand, seems to have pressed too hard and the tweet was not sent right away. So, he needed...
Selling flak jackets in the cyberwars
Labels: TechnologyWhen the Israeli army and Hamas trade virtual blows in cyberspace, or when hacker groups like Anonymous rise from the digital ether, or when WikiLeaks dumps a trove of classified documents, some see a lawless Internet.But Matthew Prince, chief executive at CloudFlare, a little-known Internet start-up that serves some of the Web's most controversial characters, sees a business opportunity.Founded in...
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