A pedestrian walks by a United Parcel Service truck. New York sued UPS on Wednesday, Feb. 18, 2015, alleging the company illegally shipped nearly 700,000 untaxed cartons of cigarettes in New York over a four-year period.Read More >
A new lawsuit filed by the state of New York and New York City is accusing United Parcel Service of shipping more than 136 million contrabands cigarettes across the state in the last five years. Those smokes are worth a lot of tax dollars — about $5 million for NYC and $30 million for the state — and as such, the lawsuit is seeking $180 million in damages and penalties.Read More >
For the last several years, the tobacco industry has been fighting a federal law that requires, among other restrictions, cigarette manufacturers to place graphic warning labels on packaging. Big Tobacco may need to finally get with the program, now that the U.S. Supreme Court has rejected the companies’ challenge to the law on the grounds that it violates their First Amendment rights.Read More >
Federal and state regulators are continually trying to crack down on debt collectors who use unsavory, illegal tactics to make consumers pay up. But some ethically questionable collectors are operating under the regulatory radar because they collect debts for the government.Read More >
The Alternative Minimum Tax affects about 23 million higher-income taxpayers, but do you know what it means for you? “The Alternative Minimum Tax is a tax that was put into effect a number of years ago, and it’s designed to make sure that most people pay at least some tax,” IRS s…Read More >
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Ten Cars We’d Go to Prison For.