Word: lowerers
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...past few months, experts say, the IRS has been unusually aggressive in doing what it can to lower corporate taxes, going above and beyond what has been allowed in the past. The result is that the IRS has become, in effect, a much less public arm of the federal-bailout machine. "There have been all sorts of Administration announcements that relax the tax law," says Thomas Humphreys, an attorney at Morrison and Foerster. "I don't remember a wave of provisions like this." (See pictures of the global financial crisis...
...changes to the tax code and how it is followed in an effort to further boost the financial strength of ailing companies. At the same time, though, the changes drain billions of dollars of badly needed tax revenue when the federal deficit is mushrooming. Many of the changes may lower corporate-tax revenue for years to come...
...this year has issued 113 notices, many of which will lower the taxes companies will pay this year and in the future. That breaks the previous record of 111 in 2006, and is nearly double the 65 issued in the last year of Bill Clinton's presidency. Lawmakers, too, have passed tax changes and are pushing for more, which will save corporations billions of dollars this year. One of the biggest windfalls could come from a proposed change in the so-called carryback rule, which would fatten the tax rebate companies get when they have losses. The extension would...
...initiative, which bestowed grants on 104 researchers from 22 countries, was developed to lower the barriers to funding for anyone with a transformative idea in global health. Projects that show promise in the first year will be eligible for a second phase of funding of possibly $1 million or more...
...Currently, the comparatively lower scores for students in middle school grades on the Massachusetts Comprehensive Assessment System (MCAS), the competition for pupils that arises between middle schools with different academic programs, and the resulting social isolation experienced by students and challenges for teachers at smaller schools remain hurdles for the system to overcome...