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National Taxes

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BRUSSELS (AP) — In the latest setback to European Union efforts to tackle corporate tax avoidance, a court on Wednesday annulled a ruling by the European Commission that a tax deal between Amazon and Luxembourg's government amounted to illegal state support.

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MINNEAPOLIS (AP) — As the Minnesota Legislature enters the last full week of its 2021 session, lawmakers face long hours of tough negotiations as they seek to agree on a balanced budget by next Monday's mandatory adjournment date. And given the Legislature's partisan split, the final package is expected to make only incremental changes instead of sweeping overhauls.

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LAKE CHARLES, La. (AP) — With a badly aging bridge as his backdrop, President Joe Biden stood in reliably Republican Louisiana on Thursday to pressure GOP lawmakers to support his $2.3 trillion infrastructure plan — and yet express a willingness to compromise on the corporate tax hikes he's recommending to pay the cost.

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WASHINGTON (AP) — As American corporations have generated an ever-smaller share of federal tax revenue, the burden has fallen more heavily on individuals, through the income tax and the levies that pay for Social Security and Medicare.

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GENEVA (AP) — Swiss authorities took issue Friday with U.S. President Joe Biden's comment that many companies use Switzerland and two British territories as tax havens, with the Swiss Federal Department of Finance calling such claims “inappropriate and completely out of date.”

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WASHINGTON (AP) — President Joe Biden's administration wants to make a $1.8 trillion down payment on the future of children, families and higher education, saying it would produce lasting benefits for the economy. Paying for it would be $1.5 trillion of tax hikes over the next decade on the wealthiest households.

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FRANKFURT, Germany (AP) — France and Germany together laid out plans for billions in spending from the European Union's pandemic recovery fund aimed at fighting climate change and boosting the use of digital technology across the economy.

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The Connecticut General Assembly's finance committee on Thursday advanced a long list of tax proposals from the majority Democrats that could end up in a final budget agreement, including a new “consumption tax” and capital gains tax on higher income taxpayers and a new child tax credit for qualified families.

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MANSFIELD, Conn. (AP) — A Connecticut middle school teacher who raised $41,000 to help hundreds of his struggling neighbors during the COVID-19 pandemic got an unwelcome surprise for his charitable efforts: a form stating he could owe $16,031 in income taxes.

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SANTA FE, N.M. (AP) — The state of New Mexico has reached a $260,000 settlement with a whistleblower who alleged retaliation by state insurance regulators after she reported that a major health care insurer was allegedly avoiding tax payments.

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