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.
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.
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.
BALTIMORE (AP) — The owner of a Maryland physical therapy business is facing up to five years in prison after pleading guilty to not paying more than $258,000 in federal employment taxes.
BOGOTA, Colombia (AP) — Colombia’s finance minister resigned on Monday following five days of protests over a tax reform proposal that left at least 17 dead.
WASHINGTON (AP) — President Joe Biden’s massive proposed spending on infrastructure, families and education will not fuel inflation because the plans would be phased in gradually over 10 years, Treasury Secretary Janet Yellen said Sunday.
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.
WASHINGTON (AP) — From John Kennedy to Ronald Reagan to Donald Trump, American presidents have taken aim at corporate America's tax-avoidance schemes before — and mostly missed.
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as tax havens, with the Swiss Federal Department of Finance calling such claims “inappropriate and completely out of date.”
WASHINGTON (AP) — President Joe Biden couldn’t get everything he wanted into his own $1.8 trillion families plan.
Text of President Joe Biden's first address to a join session of Congress, as provided by the White House:
NEW YORK (AP) — After massive U.S. government spending helped send the stock market back to record heights, with even more potentially on the way, the bill may be coming due for the nation's wealthiest investors.
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.
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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Rozetta Dotson worked two jobs to scrape together the money to pay down a delinquent tax debt on the Kansas City, Kansas, home she owns with her husband, Ricky. Then the pandemic hit, she lost her second job and Ricky got COVID-19.
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.
NEW DELHI (AP) — India reports global record of 314,000 new coronavirus cases as surge taxes health system short of beds and oxygen.
OLYMPIA, Wash. (AP) — A new tax on capital gains would be imposed on the sale of stocks and bonds in excess of $250,000 under a measure approved Wednesday by the Washington House.
LONDON (AP) — The British government said Wednesday that Prime Minister Boris Johnson did nothing wrong when he exchanged text messages with a wealthy industrialist and promised he would “fix” the tax rules for him.
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.
WASHINGTON (AP) — The Justice Department sued Donald Trump's ally Roger Stone on Friday, accusing the conservative provocateur and his wife of failing to pay nearly $2 million in income tax.
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.
SANTA FE, N.M. (AP) — Republican congressional nominee and New Mexico state Sen. Mark Moores is staking out a campaign platform based on support for the oil and natural gas industry, robust police funding and taxation issues, ahead of a rapid-fire special election.