Taxes

(credit: CBS)

Dayton Clarifies Gas Tax Stance For Road Repairs

Gov. Mark Dayton is clarifying his call for new gasoline taxes to fund transportation projects.

10/09/2014

(credit: CBS & Mike McFadden)

Reality Check: New Franken Ad On McFadden Is Misleading

A new TV ad by Democratic Sen. Al Franken claims his Republican opponent Mike McFadden searches the world for places to avoid paying taxes.

10/08/2014

Rick Nolan And Stewart Mills

8th District Candidates Debate Guns, Taxes And Mining

In the first debate in Minnesota’s hotly contested 8th Congressional District, the candidates talked guns, taxes, and mining.

10/07/2014

(credit: CBS)

Reality Check: Did Franken Vote ‘More Than 40 Times’ For High Taxes?

Did Minnesota Democratic U.S. Sen. Al Franken vote for higher taxes “more than 40 times”, as his opponent claims?

09/10/2014

money, cash, 1s, ones, dollar bills, generic

Monthly Tax Collections Off By $10M In August

Minnesota’s tax collections for the year have fallen further behind earlier projections. State finance officials reported Wednesday that tax collectors took in $10 million less than expected in August. Individual income taxes lagged the most. In all, the state took in more than $1.3 billion last month.

09/10/2014

(credit: CBS & Mike McFadden)

Reality Check: Franken’s Ad On McFadden’s ‘Tax Inversion’

A tough new ad from Democratic Sen. Al Franken accuses his Republican opponent’s business of avoiding taxes by headquartering overseas. But Republican Mike McFadden calls the ad “ridiculous” and “full of lies.” The ad marks a new Franken campaign strategy: directly attack McFadden for his business dealings.

09/05/2014

(photo credit: Thinkstock)

What’s A Corporate Inversion?

Business transactions known as corporate inversions are getting increasing attention from Wall Street and U.S. government officials. Here’s a snapshot:

08/29/2014

(credit: CBS)

Good Question: Why Can Companies Use Tax Inversion?

Burger King’s stock jumped 21 percent Monday on the news the company is in talks to merge with Canadian-based Tim Horton’s. The move is called tax inversion, a change in the location of its headquarters that would let the fast-food company pay fewer taxes in the U.S.

08/25/2014

(credit: Jupiter Images)

July Tax Collections Come In Below Projections

Minnesota’s tax collections for July have come in $69 million below expectations. The Department of Minnesota Management and Budget released its monthly revenue Monday. It shows the state took in 6.6 percent less than was forecast.

08/11/2014

(credit: CBS)

Gov. Dayton Paid More In Taxes, To Charity In 2013

Minnesota Gov. Mark Dayton paid nearly $106,000 in state and federal taxes last year, and upped his charitable giving, too. Dayton released his 2013 tax returns on Wednesday, following his routine of doing so since he was a candidate in 2010.

07/23/2014

money, cash, 1s, ones, dollar bills, generic

Minnesota Revenues Beat Forecast In Final Quarter

Minnesota finance officials say state tax collections beat expectations for the final three months of the fiscal year. According to the quarterly update released Thursday, state revenues for April, May and June were $235 million more than forecast.

07/10/2014

Taxes

Revenue Agency Says Tax Break Review Is Complete

Minnesota’s top revenue official says his agency has finished its review of 2013 tax returns to determine eligibility for tax breaks enacted by the Legislature in March. Revenue Commissioner Myron Frans said Friday that anyone who hasn’t received a supplemental refund check or been contacted by agency officials by this week didn’t qualify. Lawmakers took steps in March to line up the state’s income tax code with a federal one, making some filers eligible for extra credits and deductions.

06/27/2014

(credit: CBS)

Talking Points: Medtronic’s Overseas Acquisition & Taxes

News last week that Medtronic is buying an Irish firm and moving its headquarters to that country is prompting debate here in Minnesota and across the country. Medtronic says it needs to make the move so that millions of dollars of overseas profits can be taxed at a lower rate. That has members of Congress asking if it’s time to either change the tax code or make it harder for companies to make this kind of a move.

06/22/2014

money, cash, 1s, ones, dollar bills, generic

Minnesota Tax Collections Below Mark For 4th Month

For a fourth straight month, Minnesota’s tax collections have come in slightly below expectations. The Department of Minnesota Management and Budget reported Tuesday that the state took in $17 million less than anticipated in May. That’s 1.1 percent below the amount officials estimated in a February long-range forecast. Income and corporate taxes missed the mark the most.

06/10/2014

(credit: CBS)

Reality Check: The Cost Of The Mpls. Super Bowl

Minnesota’s 2018 Super Bowl bid committee promised more than a great party. The state pledged to pick up a super tab, too. We may never know all of the details about Minnesota’s Super Bowl bid. Under state law, it’s private.

05/23/2014

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