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Intel Unit Case Could Mean Billions In Taxes For Big Tech

PYMNTS

A tax dispute between Intel and the Internal Revenue Service could cost large technology companies billions of dollars, according to a report by The Wall Street Journal. Altera Corp, acquired by Intel, which inherited the case, sued the IRS in 2012. The case has been rolling along for years, and the latest ruling was in June.

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The Strange Spending Trends Around Sales Tax Holidays

PYMNTS

And though that figure fluctuates a bit from year to year — to an all time high point in 2013 when 52 percent of back-to-school shopping was done by early August, from a low point in 2012 when the figure slipped down to 40 percent — it tends to stay snuggly in the middle range. How Tax Holidays Work. That spend is big spend.

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Guest Post: 2012 Economic Year in Review by Dorothy Jaworski

Jeff For Banks

Looking Back at 2012 Every year, I usually write about the past year with mixed feelings, at times nostalgic for those events and at times, glad that the year is over. 2012 brought us highs, lows, and surprises. The dominant theme of 2012 was the Presidential election. per gallon price level rather than the $4.00

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Bond Portfolio Trends: Fourth Quarter 2022

South State Correspondent

Beginning in May 2012, we started tracking portfolio trends of our bond accounting customers here at SouthState|DuncanWilliams. tax-free, 6.5% tax-free, 6.5% The graph below tracks average portfolio tax-equivalent book yield, duration, and unrealized gain/(loss) as a percent of book value. taxable) to 19.6% (13.1%

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Examining Bond Portfolio Trends: Second Quarter 2022

South State Correspondent

Beginning in May 2012, we started tracking portfolio trends of our bond accounting customers here at the Correspondent Division of SouthState Bank. tax-free, 4.7% tax-free, 6.0% The graph below tracks average portfolio tax-equivalent book yield, duration, and unrealized gain/(loss) as a percent of book value.

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Indictment Names Major Banks In Cum-Ex Case

PYMNTS

A German investigation of Cum-Ex tax deals involves as much as 447.5 Cum-Ex deals, which are no longer allowed, involved taking advantage of a German practice on tax refunds for dividends. When they were in use, an entity paying dividends withheld the tax automatically, but the payment was certified by the shareholder’s bank.

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How to Cash in U.S. Savings Bonds and Report Taxes on Interest Earned

MyBankTracker

That is, it can feel like a windfall of cash – until, that is, you realize you need to report taxes on the interest earned. Still, while the tax part may not be loads of fun, it’s always nice to end up with some unexpected cash. savings bonds that were issued on paper or electronically, and how to report it on your taxes.

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