Money Matters - Simplified


Poll: Tax rebate checks unconvincing

Princeton, N.J. -- Rebate checks sent to U.S. taxpayers have done little to convince consumers that the economy is doing well, Gallup researchers said Thursday.

Of those respondents in a recent survey who have received checks, 43 percent indicated the U.S. economy was in "poor" shape, Gallup said. Sixteen 16 percent of the respondents with rebate checks in hand indicated the economy was in "excellent" or "good" shape, Gallup said.

The figures were nearly identical to those who hadn't received checks.

Eighty-eight percent of those who have received checks indicated the economy was getting worse. Those without checks indicated the same view 86 percent of the time, Gallup said.

"Although reports indicate that May retail spending did increase ... rebate penetration was quite low as May began and had only reached about (one-third) of all adults by the time May ended," Gallup said.

Don't Kill Our Dividends

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Act Fast and Kiss Your Returns Goodbye

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The Financial Earthquake That Never Happened

We've come to expect the Federal Reserve to ride to the rescue and shore up financial markets. But yesterday, similar help came from an unusual source: the Supreme Court.

European Union to close tax havens

Brussels -- Finance ministers from the European Union have agreed to rewrite rules on savings tax in an effort to curtail tax havens, EU's tax commissioner said Friday.

Tax Commissioner Laszlo Kovacs the new rules would be sensitive to Germany's input in the wake of a tax fraud investigation that encompassed 1,400 people, 600 of them from Germany, the EU Observer reported.

The changes would improve communication between banks and "orient the commission in what way we can … formulate amendments of the directive to close the loopholes, Kovacs said.

Germany estimates it losses $46 billion a year in tax fraud each year, the report said.

Copyright 2008 by United Press International.

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