Colorado billionaire Phil Anschutz and his wife, Nancy, want a state appeals court to revive their lawsuit seeking a nearly $8 million tax refund. Phil Anschutz, who controls a vast business empire, has an estimated net worth of more than $10 billion. The Anschutzes argue that changes to federal tax law made through the CARES […]
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Posted inBusiness, Crime and Courts, News, Politics and Government
Judge rejects billionaire Phil Anschutz’s tax lawsuit, reveals how much money he wanted
A Denver District Court judge Thursday dismissed a lawsuit filed by billionaire Phil Anschutz and his wife, Nancy, seeking a nearly $8 million tax refund from the Colorado Department of Revenue. The Anschutzes argued that changes to federal tax law made as part of Congress’ 2020 pandemic response bill, the CARES Act, changed Colorado’s tax […]
Posted inBusiness, Crime and Courts, Economy, News, Politics and Government
Billionaire Phil Anschutz and his wife are suing Colorado for a tax refund. How much they want is a secret.
Colorado billionaire Phil Anschutz and his wife, Nancy, are suing the Colorado Department of Revenue for a tax refund in a case that could have big financial consequences for the state. The couple argue that due to changes to federal tax law made as part of Congress’ 2020 pandemic response bill, the CARES Act, Colorado’s […]
Posted inOpinion, Opinion Columns
Opinion: Unemployment may be dropping in Colorado, but for at least one vulnerable group it’s rising
In April, May and June of last year, Colorado’s unemployment rate was well over 11%. Thankfully, as we have started to come out of the pandemic, that number has fallen considerably, down to 6.2% as of May. Soon, I hope, we will return to pre-COVID numbers — between 2.5% and 3%. However, there is a […]
Posted inOpinion, Opinion Columns
Opinion: Biden’s plan to increase corporate taxes is wrong for Colorado’s businesses and workers
COVID-19 devastated businesses across Colorado, and not just financially. Many closed their doors and sent workers home to prevent the spread of the coronavirus. It has been a traumatic time characterized by struggle, grief, and loss. I have seen the effects of the pandemic on Colorado’s businesses up close and heard countless stories of people […]
Posted inBusiness, Coloradans, News, Technology
Software antivirus pioneer John McAfee found dead in Spanish prison
MADRID — John McAfee, the creator of McAfee antivirus software, was found dead in his jail cell near Barcelona in an apparent suicide Wednesday, hours after a Spanish court approved his extradition to the United States to face tax charges punishable by decades in prison, authorities said. The eccentric cryptocurrency promoter and tax opponent whose […]
Posted inBusiness, News
JBS ransomware attack disrupts meat production across the globe, including at Greeley plant
By Rod McGuirk and Dee-Ann Durbin, The Associated Press CANBERRA, Australia — A ransomware attack on the world’s largest meat processing company is disrupting production around the world just weeks after a similar incident shut down a U.S. oil pipeline. JBS SA of Brazil notified the U.S. of a ransom demand from a criminal organization […]
Posted inBusiness, News
Former Amazon worker files Colorado whistleblower complaint
By Patty Nieberg, The Associated Press/Report for America A former Amazon warehouse worker has filed a complaint with the Colorado Department of Labor and Employment against Amazon over its COVID-19 policies and allegations that her firing was retaliatory. Linda Rodriguez alleged in her complaint filed Thursday that Amazon fired her in 2020 because she raised […]
Posted inBusiness, News
Frontier Airlines gives more details around its stock offering
Frontier Airlines said Tuesday it expects to raise about $630 million from an initial public offering of a small portion of its stock, a deal that it hopes will value the budget airline at about $4.5 billion. Frontier’s parent company and its current owners hope to sell 30 million shares at between $19 and $21 […]
Posted inBusiness, Economy, News, Politics and Government
4 charts explaining Colorado’s sharply improving economy, even as low-income workers lag behind
With coronavirus vaccinations picking up pace and a $1.9 trillion federal relief package approved, Colorado’s economy continues to perform dramatically better than what the state’s economists predicted when COVID-19 arrived last year. That’s according to two financial forecasts presented to state lawmakers Friday by nonpartisan legislative staffers and Gov. Jared Polis’ office. The legislature will […]