Heidi Baumert

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Are film tax credits cost effective?

Tired of seeing Hollywood take its business elsewhere, California is moving to triple tax subsidies for film and TV productions, boosting incentives to $330 million annually and making the state competitive with New York, Georgia and other states that are courting the entertainment industry with …

Buenos Aires Issues 'Netflix Tax' on Streaming Media Subscriptions

The city announced a 3 percent gross income tax on all online subscription services offering audiovisual contents, including films, music and video …

HBO Offends Entire Country After 'Jonah From Tonga' Uses Brownface

Listen up: Not only is the use of blackface not OK, neither is any other kind of cultural appropriation. Everyone should know that by now.<p>But there's one guy who really, really doesn't get it. Chris Lilley, a comedian, director and writer from Australia, has donned -- and received criticism for -- …

'Big Bang Theory's' Big Bucks: Why the Cast Will Earn $1 Million Per Episode

Jim Parsons, Johnny Galecki and Kaley Cuoco closed "Friends"-like packages that could earn them $100 million each over three years.<p><i>A version of this</i> …

Judge Rules MLB's Antitrust Exemption Doesn't Apply to Television Broadcast Rights

In a fight over how game telecasts are distributed, a judge won't yet let MLB, NHL, Comcast and DirecTV defeat some fans challenging the system<p>Friday …

TV Premiere Dates 2014: The Complete Guide

Don't know when your shows are back on TV? THR has compiled a comprehensive list of the year's programs from the broadcast, cable and premium …

FAIR Tax Abolishes IRS - Then What?

I’m always annoyed when I hears somebody arguing that if we made some tweaks in the tax system, we could abolish the IRS. Then we come to the FAIR tax, which actually explains, in detail, how its enactment allows for the abolition of the IRS. FairTax.org has quite a bit of information about the …

Lionel Messi Tax Evasion Case (Secrecy = Willfulness) Impacts U.S. & U.K. Taxpayers Too

Apart from its star power, the criminal tax case in Spain against Argentinian athlete Lionel Messi of Spanish team FC Barca is worth watching. Messi now earns $50 million a year, including incentives, making him #4 on Forbes’ list of the 100 highly paid athletes. In the recent World Cup, he was …

How Lottery Winners, Losers & Underground Brokers Beat Taxes

Even if you beat long odds and win the lottery, you’ll have taxes to pay. It can be more challenging than you might think. Time and again, winners have trouble paying their taxes or get confused. The states vary in how they treat lottery winnings. A few states still don’t have lotteries. Some …

Beginning of the End for the NCAA

That cracking sound you hear is the destruction of the NCAA’s control over collegiate athletics as we have known it. The centralized power of this body to dictate rules and standards to universities is being eroded rapidly. On Friday, U.S. District Judge, Claudia Wilken, dealt a major blow to the …