Virginia is ranked 12th in business-tax climate (Freelance-Star)
The Tax Foundation, a nonprofit tax research group in Washington, compared states based on their tax structures, how those taxes are levied on businesses and how transparent those structures are.
Lawyers and doctors agree, cap can go up (Virginia Lawyers Weekly)
The Virginia Trial Lawyers Association and the Medical Society of Virginia have agreed on a compromise for the cap on medical malpractice damages, which has stayed at $2 million since 2008. The cap would increase by $50,000 each year for 20 years beginning July 2012 and reach $3 million in 2032.
Loan recording mess in Va. allows homeowners who don’t qualify to get tax break (Washington Post)
When Virginia homeowners refinance their mortgages, they are required to pay a recordation tax. On a loan of $400,000, the tax would typically total $1,333. The state’s portion of recordation taxes soared to $669.8 million in fiscal 2006 and declined by more than half to $298.4 million in fiscal 2009.
I started a business in paradise! (Fortune)
From an event planner in Puerto Vallarta to the owner of a surfing school in Costa Rica, these folks launched businesses in their dream destinations.
‘Buy It Now’ FAIL: Former eBay CEO Whitman Is the Biggest Loser (Wired)
Despite big gains for Republicans at every level in this year’s midterm election, former eBay CEO Meg Whitman lost big, despite bidding huge to win California’s governorship. The failed attempt cost Whitman an estimated $160 million, mostly from her own pocket, in what was by far the largest amount any person in the United States has ever spent trying to get elected to anything.