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The Internal Revenue Service audits fewer than 1 percent of large business partnerships, according to a government report released Tuesday.
A new government report says the Internal Revenue Service audits less than 1 percent of large partnerships, drawing criticism from Congress.
Bill Pulte, seen here with U.S. Sen. Carl Levin, had made progress on eliminating blight in Brightmoor, but will hand off the rest of the job to the city.
U.S. banks including Goldman Sachs Group Inc. should be banned from owning commodities businesses because they could threaten the institutions and global supply chains, Senators Sherrod Brown and Elizabeth Warren told the Federal Reserve.
Former President Bill Clinton will keynote the Michigan Democratic party's annual Jefferson-Jackson Dinner April 26 at Cobo Center in downtown Detroit.
From left to right, a Samsung Galaxy S3, Nokia Lumia 820, and Apple iPhone 4. Apple has earned many Americans' affections, and dollars, but doesn't pay its fair share in taxes.
U.S. Senator Kirsten Gillibrand announced that she has been appointed to the United States Military Academy at West Point Board of Visitors by Senator Carl Levin, the Chairman of the Senate Armed Services Committee.
U.S. Representative and Senate hopeful Gary Peters called for students to get involved and raise awareness for the upcoming elections during a meet-and-greet event Monday night.
The latest FORBES e-book from Micheline Maynard investigates why a growing number of Americans are giving up their automobiles.
An investigation commissioned by Levin detailed how Caterpillar had ingeniously avoided paying $2.4 billion in taxes since 1999 by negotiating with Switzerland to create a tax shelter for its international parts business .
State Sen. Bert Johnson said Monday he is abandoning his run for Congress and instead running for re-election to the district that includes Highland Park, Hamtramck, Harper Woods, the Grosse Pointe communities and part of northeast Detroit.
Four Michigan lawmakers are exiting the U.S. House in January, leaving their congressional seats with wide open races after years of stability.
On April 1, the Senate Permanent Subcommittee on Investigations chaired by Sen. Carl Levin held hearings regarding Caterpillar Inc.'s "supply chain restructuring" that enabled it to avoid paying about $2.4 billion in U.S. taxes between 2000 and 2012.