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Illinois Tool Works Inc. said Monday it will see a significant tax deduction, most likely in the first quarter, as the result of a court case in Australia.
The Glenview-based company, which makes automotive and food services equipment, industrial packaging and other products, said the Federal Court of Australia issued a favorable decision Feb. 4 in its dispute with the Australian Taxation Office over income tax deductions. Get the full story »
Democrats in the U.S. House of Representatives are considering a counterproposal to the one drafted by President Barack Obama and Republicans to extend all Bush-era tax cuts, Democratic Representative Adam Schiff said on Thursday. Get the full story »
From the Chicago Sun-Times | Mayor Richard Daley is proposing a property tax break to bring a secod Costco to Chicago, this time to the Near South Side at 14th and Ashland Avenue. Daley said the project would create 600 construction jobs, 125 full-time jobs and 125 part-time positions. — in a move that could set a precedent for Wal-Mart and other big-box retailers. Costco currently has a store on Clybourn and Division in Lincoln Park. Get the full story>>
