Latest National taxes News

UK train strikes and energy hikes add to a week of turmoil

Oct. 01, 2022 09:50 AM EDT

LONDON (AP) — Trains in Britain all but ground to a halt Saturday as coordinated strikes by rail workers added to a week of turmoil caused by soaring energy prices and unfunded tax cuts that roiled financial markets. Only about 11% of train services were expected to operate across...

College athletics sees surge in nonprofits paying players

Sep. 30, 2022 16:19 PM EDT

The new world of college athletes getting paid for endorsements has created a rapidly expanding pop-up industry: Brand new nonprofits that set up athletes to promote charities for a fee. The nonprofits are pitched as feel-good partnerships, but they also raise questions. Is their...

'Big impact': UK economic chaos, pound plunge hit businesses

Sep. 30, 2022 02:33 AM EDT

LONDON (AP) — Like many small business owners in Britain, Harry Niazi hoped for government help to keep his south London fish and chip shop going in the face of rocketing energy bills and soaring inflation. But an economic stimulus plan announced last week by Prime Minister Liz...

UK's Truss defends economic plan that sent pound tumbling

Sep. 29, 2022 14:20 PM EDT

LONDON (AP) — British Prime Minister Liz Truss on Thursday defended her divisive economic plan and shrugged off the turmoil it has stirred in financial markets, saying she’s willing to make “controversial and difficult decisions” to get the U.K. economy growing. In her first...

Spain agrees on temporary wealth tax, hikes for big earners

Sep. 29, 2022 09:21 AM EDT

MADRID (AP) — Spain’s Socialist-led coalition government said Thursday that residents whose wealth exceeds 3 million euros ($2.9 million) will be subject to a new asset tax in 2023 and 2024. Finance Minister María Jesús Montero described the temporary wealth tax, which she...

British pound stabilizes, but turmoil still roils UK economy

Sep. 27, 2022 13:18 PM EDT

LONDON (AP) — The British pound stabilized Tuesday as U.K. authorities tried to ease investor concerns after the biggest tax cuts in 50 years sent the currency tumbling to a record low and prompted some businesses to predict a devastating combination of a weak currency and rising interest rates....

FAFSA season starts: What you need to know for financial aid

Sep. 27, 2022 11:23 AM EDT

NEW YORK (AP) — The Free Application for Federal Student Aid filing season starts Oct. 1 for the 2023-2024 school year. If you plan to attend college next year, experts say you might want to fill out the FAFSA application as close to the opening date as possible. Many institutions...

Pop singer Shakira to face trial over tax fraud in Spain

Sep. 27, 2022 08:06 AM EDT

BARCELONA, Spain (AP) — A Spanish judge on Tuesday approved a trial for Colombian pop singer Shakira on charges of tax fraud. Spanish prosecutors accused the entertainer in 2018 of failing to pay 14.5 million euros ($13.9 million) in taxes on income earned between 2012 and 2014....

He's back: Italy's Berlusconi wins Senate seat after tax ban

Sep. 27, 2022 06:44 AM EDT

ROME (AP) — Just in time to celebrate his 86th birthday, former Italian premier Silvio Berlusconi is making his return to Italy's parliament, winning a seat in the Senate nearly a decade after being banned from holding public office over a tax fraud conviction. Berlusconi, who has...

Meredith Tax, feminist author and activist, dead at age 80

Sep. 26, 2022 18:05 PM EDT

NEW YORK (AP) — Meredith Tax, a prominent activist and writer of second-wave feminism who challenged herself, her peers and the world at large to rethink long-held ideas about gender, race and class, has died. She was 80. Tax died Sunday, according to her friend Frances Kissling,...