WASHINGTON (AP) — President Donald Trump on Monday promised a tax overhaul by Christmas, a day after the White House signaled its willingness to strike a health care provision from Senate tax legislation if it’s an impediment to passing the tax bill. Speaking before a Cabinet meeting, Trump said: “We’re going to give the American … Continue reading
By MICHAEL R. BLOOD, Associated Press LOS ANGELES (AP) — California should use armored cars to transport hundreds of millions of dollars in cash tax payments expected next year with the state’s legal marijuana market, the state treasurer said Tuesday. The state on Jan. 1 will enter a new era with cannabis when recreational sales … Continue reading
WASHINGTON (AP) — The House Republican tax bill is meant to send trillions in corporate profits overseas pouring back home and, in the process, give the U.S. economy a healthy boost. It may be more likely to land with an economic thud and provide a windfall to tax attorneys scouring the Byzantine bill for tax … Continue reading
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
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
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
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
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
SAN FRANCISCO (AP) — The IRS obtained a court order Wednesday allowing it to seek the names of people who may have failed to pay taxes on virtual currency exchanged through a San Francisco company. The order allows the agency to issue a summons on Coinbase Inc. for the names of U.S. taxpayers who have … Continue reading
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
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
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
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
