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Thursday, May 14, 2009

Mississippi: Barbour Signs Cigarette Tax

by taxnick on May 14, 2009

Gov. Haley Barbour, a Republican and a former tobacco lobbyist long opposed to raising Mississippi’s cigarette tax, relented in the face of slumping budget revenues and signed the state’s first increase in nearly a quarter century. The state’s 18-cents-a-pack excise tax had not changed since 1985.
On Friday, it rises to 68 cents a pack. Mississippi [...]

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Parish Lawsuit Accuses Oil Company Of Tax Fraud

by taxnick on May 14, 2009

NEW ORLEANS — The Terrebonne Parish assessor has filed a multimillion dollar lawsuit against two wholly-owned subsidiaries of ConocoPhillips, the third largest oil company in the world.
And the case may be the first of many similar lawsuits accusing big oil companies of skirting their tax obligations.
The lawsuit, filed in federal court around 11 a.m. Thursday, [...]

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