Forbes  May 27  Comment 
In a win for foreign insurance companies, the United States Court of Appeals for the D.C. Circuit held that the I.R.C. § 4371 excise tax on foreign insurers does not apply to wholly foreign retrocessions.
FiercePharma  Dec 10  Comment 
Mylan is charging full speed ahead with its $5.3 billion acquisition of Abbott Laboratories' overseas generics business. The drugmaker will shell out $32.5 million to 5 of its top executives ahead of schedule to avoid a tax penalty meant to...
Forbes  Nov 12  Comment 
Companies like Altria oppose tobacco excise tax increases because, among other things, it create incentives for contraband and counterfeit tobacco product trafficking. However, a study commissioned by the Commonwealth of Massachusetts has...
SeekingAlpha  Oct 17  Comment 
By Aristofanis Papadatos: Philip Morris (NYSE:PM) announced its Q3 results Thursday. Although the company reported lower earnings per share ($1.38 vs. $1.44) and slightly lower revenue (by 1%) than last year's figures, the company beat the...
Forbes  Aug 1  Comment 
Why does the medical-device excise tax still exist? The tax is a universally reviled Obamacare revenue-raiser, skimming 2.3 percent off the sales of medical devices. Outside liquor and tobacco, most Americans don’t see excise taxes, which are...  Jul 3  Comment 
NEW YORK CITY (dpa-AFX) - Cigarette maker Philip Morris International Inc. (PM) Thursday reported lower second-quarter profit, along with a slide in reported net revenues that exclude excise taxes. Yet, adjusted earnings and revenues topped...
Forbes  Jun 20  Comment 
U.S. taxes today bear little resemblance to the taxes collected before World War II. Income and payroll taxes have replaced tariffs and excise taxes at the federal level while property taxes have become less important for state and local...
SeekingAlpha  Mar 7  Comment 
ByRy The Kid: Philip Morris International (PM) has been selling tobacco products since the end of the 19th century, and will continue to sell them long after this article is published. However, there are a few things that can bring an untimely end...
BusinessWeek  Oct 13  Comment 
Republican presidential candidate Herman Cain, who has pledged to throw out the U.S. tax code, now says he would keep excise taxes on goods such as gasoline, beer and cigarettes.
Wall Street Journal  Aug 8  Comment 
Airline travelers are finally catching a break. Even though the government is taxing tickets again, the total cost to consumers is staying about the same.

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