Hewlett-Packard Co on Monday lost a battle with the U.S. Internal Revenue Service for more than $190 million in tax refunds tied to a Dutch tax shelter designed by the derivatives arm of American International Group. ..
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Report: Michigan Low-Income Families to Pay More Tax
The Michigan League for Human Services released the report Monday. It says the state earned income tax credit in 2009 reduced taxes for low-income families by $349 million, but that saving will drop to $104 million for 2012.
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