taxes

Samsung fans riot in support of former chairman

Now this is a passionate user base.

Protesters turned out to riot and burn photos at a press conference in Seoul Wednesday held by former Samsung top lawyer, Kim Yong-Chul, and the Associated Press got a great photo of the civil disobediance in action.

We're not allowed to run AP photos (we don't pay for the service, but if anyone has their own photos, please send them my way at Erica dot Ogg at cnet.com), but Engadget has the image, so be sure to check it out.

The company's former lawyer held the press conference to … Read more

Samsung chief indicted on tax evasion charges

Samsung Chairman Lee Kun-Hee was indicted on charges of evading taxes on billions of dollars he hid in stock accounts under the names of his aides, The New York Times is reporting.

He also faces criminal charges of breach of trust, stemming from his involvement in arranging for company subsidiaries "to sell stock to his son" at "unfairly low prices" to help his son "take over management control," The Times says. Lee was cleared, however, of more serious allegations he starting a slush fund worth $215 million used to bribe prosecutors, judges, and other public officials.… Read more

House bill aims to ban new cell phone taxes

A bipartisan bill introduced Tuesday in the House of Representatives would ban new state or local takes on mobile phone services for a period of five years. Sponsored by Rep. Zoe Lofgren (D-Calif.) and five co-sponsors, the bill is known as the Cell Tax Fairness Act (HR 5793 ).

In a statement, Lofgren said that between January 2003 and July 2007, the taxation rate on wireless services increased four times faster than the rate for other taxable goods and services. As a result, consumers pay 15.19 percent in federal, state, and local taxes on their cell phone bill, compared with … Read more

Tax-free Internet shopping days could be numbered

If tax-hungry politicians get their way, the days of ordering items over the Internet and not paying sales tax may become just a fond memory.

Right now, if a California resident orders something from Seattle-based Amazon.com, for instance, he or she won't be charged sales tax at the time of purchase. That's because Amazon doesn't have offices in the state of California.

Pro-tax politicians want to change this by allowing California to force Amazon to collect and submit sales taxes--and they may have found an ally in a U.S. Congress that's controlled by Democrats. (… Read more

Politicians push for new iTunes sales taxes

Updated at 7:25 AM PDT with new information about the status of the California tax bill.

A growing number of state politicians are proposing new laws to levy taxes on digital downloads, including music, video, and books, as a way to remedy budget pains.

Call it the iTunes tax.

Two years ago, a CNET News.com special report found that 15 states and the District of Columbia said that their laws and regulations meant that digital downloads should be taxed. A few months later, New Jersey joined that list.

Since then, more states have become tax-inclined. In 2008 alone, … Read more

Where Wilson is in bed with a cougar named Melissa

EPISODE 76

On today's show Phil Ryan and Caroline McCarthy help Jeff get through a lonely Friday. We'll talk about gorilla suit workshops, a California beer tax, and this weekend's disasters at the box office. All that plus an entertainment report from Kamini!

Listen now: Download today's podcast

Buzz Out Loud 698: Beacon will kill you

Today, Buzz is on your side, with such gems of wisdom as "don't shop at Staples," "bacon will kill you," and "how to opt out of Beacon." I guess that last one is pretty helpful. In other news of the day, we refuse to talk about the Google App thing, unless you can prove to us why we should. Thanks in advance. Listen now: Download today's podcast EPISODE 698

Google App Engine Blog: Introducing Google App Engine + our new blog http://googleappengine.blogspot.com/2008/04/ introducing-google-app-engine-our-new.html

California Lawmaker Proposes Music … Read more

Hope under the sun? Senators propose extending renewable energy tax credit

Suppliers in the renewable-energy industry have tried just about everything to pass a law to renew an important investment tax credit that is set to expire at the end of this year.

On Thursday, Sens. Mary Cantwell (D-Wash.) and Senator John Ensign (R-Nev.) introduced a bill that would extend that credit and provide incentives for energy-efficiency measures.

The Clean Energy Tax Stimulus Act of 2008 ( click here for PDF) extends the investment tax credit for eight more years for businesses.

Consumers would have the existing 30 percent federal tax credit on renewable energy projects, such as solar panels, extended another … Read more

Jim Griffin says ISP music tax only one possibility

The controversy over whether an internet service provider should charge for music is once again coming to a boil.

Pundits, music-industry insiders and members of the public are bashing Warner Music Group exec Jim Griffin after he acknowledged in a interview that he is working on a plan to collect music fees from consumers via their ISP bills.

I haven't seen backlash like this since rocker Trent Reznor told me in an interview two months ago that an ISP tax might be a good idea. It didn't matter to some that Reznor also made a seemingly conflicting statement … Read more