Amazon must pay $295 million in back taxes, EU says
Business / Europe / International News

Amazon must pay $295 million in back taxes, EU says

BRUSSELS (AP) — Amazon has to pay $295 million in back taxes to Luxembourg, the European Union ordered Wednesday, in its latest attempt to tighten the screws on multinationals it says are avoiding taxes through sweetheart deals with individual EU states. Margrethe Vestager, the EU official in charge of antitrust issues, also took Ireland to … Continue reading

The Latest: Republicans unveil nearly $6 trillion tax cut
National / U.S. News / Uncategorized

The Latest: Republicans unveil nearly $6 trillion tax cut

WASHINGTON (AP) — The Latest on the Republican plan to overhaul the tax code (all times local): 8:20 p.m. President Donald Trump and congressional Republicans have unveiled the first major revamp of the nation’s tax code in a generation. The sweeping, nearly $6 trillion tax cut would deeply reduce levies for corporations, simplify everyone’s brackets … Continue reading

Trump pitches tax cut as ‘middle class miracle’
Politics / U.S. News / Uncategorized

Trump pitches tax cut as ‘middle class miracle’

INDIANAPOLIS (AP) — Promising a “middle class miracle,” President Donald Trump on Wednesday was in full salesman mode as he tried to build momentum behind his plan to overhaul the nation’s tax code and revive his moribund legislative agenda. Hours after the White House and congressional Republicans released a framework for sweeping changes to the … Continue reading

The Latest: GOP tax plan nearly doubles standard deduction
Business / Celebrities / National / U.S. News / Uncategorized

The Latest: GOP tax plan nearly doubles standard deduction

WASHINGTON (AP) — The Latest on the Republican plan to overhaul the tax code (all times local): 9:20 a.m. President Donald Trump and congressional Republicans are proposing a tax plan that they say will be simple and fair. In a document obtained by The Associated Press on Wednesday, their outline a blueprint for almost doubling … Continue reading

Trump has ‘no intention’ of releasing tax returns
Business / Local / National / Politics / U.S. News

Trump has ‘no intention’ of releasing tax returns

WASHINGTON (AP) — President Donald Trump “has no intention” of releasing his taxes returns to the public, Treasury Secretary Steve Mnuchin said Wednesday, asserting Americans have “plenty of information” about the president’s financial matters. For decades, presidents have released their tax returns. But Trump has so far refused, suggesting he would share the tax documents … Continue reading

Senator: Education Dept. mishandling Corinthian student debt
Education

Senator: Education Dept. mishandling Corinthian student debt

WASHINGTON (AP) — The Education Department is pursuing debt collection — rather than debt relief — for nearly 80,000 former students of Corinthian Colleges, despite federal and state findings that the now-defunct for-profit chain defrauded students, Sen. Elizabeth Warren said in a blistering critique of the administration’s actions. The Massachusetts Democrat reported the findings of … Continue reading

Arts & Entertainment / Celebrities / Music

Grammy winner Mario Winans pleads guilty in income tax case

NEWARK, N.J. (AP) — Grammy Award-winning singer, songwriter and producer Mario Winans has admitted he intentionally failed to file federal income tax returns for several years. Winans, a member of the Winans family, best known for its gospel music artists, faces two years in prison and a $200,000 fine after pleading guilty Thursday to charges … Continue reading

Kaine slams Trump for not disclosing taxes, foreign ties
Politics

Kaine slams Trump for not disclosing taxes, foreign ties

ERIE, Pa. (AP) — Democratic vice presidential candidate Tim Kaine offered a systematic take down of Donald Trump’s business dealings and campaign claims Tuesday, arguing the Republican nominee’s presidential campaign amounts to nothing more than “Trump’s next big con.” “Donald Trump, thus far, has utterly failed to answer basic questions that Americans voters have a … Continue reading

Nations scramble to contain offshore account report fallout
Africa

Nations scramble to contain offshore account report fallout

LONDON (AP) — Governments around the world scrambled Tuesday Apr. 5, to contain the fallout from the publication of thousands of names of rich and powerful people who conducted offshore financial activity through a Panamanian law firm. China dismissed as “groundless” reports that relatives of current and retired politicians, including President Xi Jinping, own offshore … Continue reading