The Conformity and Family Tax Relief Act recouples Maine’s tax laws to the updated federal code.
taxes
Posted inBusiness
McDonald’s expands worker tuition benefits, citing tax law
The fast-food company is also changing its eligibility rules.
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Posted inLocal & State, Politics
Sides poised for battle over $111 million state tax cut
Republicans say aligning state income taxes with the new federal code will improve the business climate, but Democrats are way of a ‘cut first, ask questions later’ approach that could sharply reduce revenues for state services.
Posted inLocal & State, News, Politics
LePage plan to align Maine taxes with federal law spurs debate
Supporters of the governor’s proposal say the new tax breaks will boost the economy, while opponents say the changes will mostly benefit the wealthiest Mainers.
Posted inBusiness, Nation & World
Outlook for growth of world economy gets even rosier
The OECD raises its global expansion forecast to 3.9 percent in 2018 and 2019, partly crediting the U.S. tax cuts.
Posted inBusiness, Politics
Stock market investors no longer feeling immune to Trump’s actions
They can’t brush aside politics when changes such as steel tariffs and tax reform start affecting corporate profits.
Posted inLocal & State, News, Politics
Controversial bill to give BIW tax credits stalls in State House, extending foe’s food strike
A legislative committee appears to favor the $60 million in incentives but delays a vote on the 16th day of an activist’s liquid-only diet.
Posted inBusiness, Nation & World, Politics
Workers gain from tax overhaul; investors get a bigger piece
Much more of company savings is going to higher dividends and buybacks that lift earnings per share than to employee wages.
Posted inLocal & State, News
Maine land trusts say governor uses bogus data in pitch to tax them
Conservation advocates call his claims misleading and say he ignores payments made to host towns in lieu of taxes.
Posted inBusiness
Apple evasive on size of dividend increase expected in April
It has ranged from 8 percent to 15 percent in the past, but could jump because of the large tax cut on profits held overseas.