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Law & Taxation

Be Tax-Smart With Your Investments

By Dan Caplinger on Thu, 04/17/2008 - 12:49

Nobody likes paying taxes on profits. But there's one thing that's even worse: paying taxes when you've lost money.

Yet that's exactly the situation some fund investors are likely to face in 2008. Even with fund prices falling along with the malaise in the markets, built-in capital gains are poised to rear their ugly heads later this year -- and that could spell a big tax bill next year.

Avoid the Dreaded AMT

By Motley Fool on Thu, 01/10/2008 - 19:11
Although the alternative minimum tax (AMT) was intended to apply to high-income taxpayers who take advantage of loopholes (called "tax preferences" in professional lingo), it can also apply to middle-income taxpayers who haven't planned their taxes thoroughly enough. In fact, the AMT is hitting more and more taxpayers each year, and without annual patches, it would increase taxes on millions of taxpayers.

Patent Bill Is No Panacea

By Brian Lawler on Thu, 12/13/2007 - 19:58
Last week, the House of Representatives introduced a bill that was meant to strengthen patent and other intellectual-property rights. Unfortunately for the entire pharmaceutical industry, the bill overlooks the most crucial reason for protecting intellectual property rights: spurring innovation.

Jerry' sparks debate over blasphemy law

By MT Bureau on Wed, 11/21/2007 - 18:47

London -- An airing of "Jerry Springer -- The Opera" on British television has sparked debate over whether blasphemy laws are antiquated and should be repealed.

Stephen Green, director of the conservative evangelical group Christian Voice, claims the musical violates the law of blasphemous libel for its "degrading" portrayal of Christ.

Green filed papers in January to bring private prosecutions against the producer of the show, which was broadcast on the BBC in 2005.

Green's initial application was rejected by the city of Westminster magistrates' court. He is now taking his case to the High Court.

The human rights group Liberty has made a third-party submission to the High Court, arguing the offense should not be recognized in English law at all, since it violates the European Convention on Human Rights.

Abu Dhabi buys AMD stake for $622 million

By MT Bureau on Mon, 11/19/2007 - 23:24

New York -- An investment arm of the Abu Dhabi government has bought an 8.1 percent stake in Advanced Micro Devices for $622 million.

The deal for a share of the struggling computer chip maker was the latest U.S. transaction by the oil-rich Middle East nation through recent investments in high-tech sectors, the Wall Street Journal said Friday.

Abu Dhabi's strategic investment arm, Mubadala Development Co. will receive 49 million shares of AMD at the Nov. 15 closing price of $12.70 a share.

Copyright 2007 by United Press International.

Researchers push U.S. to let them grow pot

By MT Bureau on Fri, 05/25/2007 - 12:13

Washington -- Researchers are pressing the U.S. Drug Enforcement Administration to allow them to grow marijuana for research purposes

Madan Lal Khurana suspended from BJP

By Bunty on Wed, 03/22/2006 - 17:00

Former Union Minister and Delhi BJP strongman Madan Lal Khurana was suspended on Sunday, 19 March from the primary membership of the party for anti-party utterances over the last couple of weeks after he accused the party leadership of 'insulting' him and working against him. The action follows the Khurana's announcement that he would attend expelled party leader Uma Bharati's 'Janadesh Rally' rally in New Delhi on March 21.