Court may weigh taxation of damages
A FEDERAL APPEALS court is weighing whether to review a controversial tax decision in which a unanimous three-judge panel struck down as unconstitutional the federal income tax on nonphysical, compensatory damages awards. Claiming the case is one of "exceptional importance" to the execution of the nation's tax laws, the Bush administration recently asked the full U.Kuwait contractor tries to get out of $4.9M judgment
The Army wants to know whether one of its largest contractors in the Middle East intends to satisfy a $4.9 million judgment levied by a federal judge in Atlanta.How the Kuwait Gulf Link Transport Co. chooses to address the Army's concerns could place at risk at least $100 million a year in contracts to truck supplies for the U.Developers set to clear hurdle in the race for planned cities
REAL ESTATE DEVELOPERS are poised to clear a major hurdle this week in their effort to change the law so that they can issue tax-exempt bonds to build planned communities-a move that has generated $7 billion in activity in Florida during the past two decades.The Georgia Senate last month narrowly approved the plan, outlined in Senate Bill 200 and Senate Resolution 309.High Profile Won't Keep Kozlowski From Hard Time
Deal did not disclose $2.85M in loans
ATLANTA AP - Republican Nathan Deal amended his financial disclosure form on Thursday after facing questions from The Associated Press about two active loans worth a combined $2.85 million that did not appear on the document.The loans from a pair of banks were made to Deal and his business partner Kenneth Cronan in 2009 but were not included on the financial disclosure Deal filed with the state Ethics Commission for that period.Judge rules against NC anti-abortion license plate
North Carolina can't offer anti-abortion license plates unless it also makes plates available for people who support abortion rights, a federal judge said in a ruling that squelches the plan that includes proceeds going to crisis pregnancy centers in the state.Shareholders blast Home Depot CEO over pay
ATLANTA AP - The Home Depot Inc.'s chief executive did little Thursday to quell the uproar among some shareholders over his hefty pay, stifling debate at the company's annual meeting as the board members who approved the compensation didn't show up to defend themselves.Despite the criticism and some institutional shareholders withholding votes, the company's directors were all re-elected.Trending Stories
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