Latest National taxes News

Germany's Scholz questioned over handling of tax scam

Aug. 19, 2022 08:49 AM EDT

BERLIN (AP) — German Chancellor Olaf Scholz appeared Friday before a parliamentary panel in the northern state of Hamburg to answer lawmakers' questions about his handling of a tax evasion scam when he was mayor of the city. Political opponents have called on Scholz to provide more...

Germany lowers natural gas tax to ease burden on consumers

Aug. 18, 2022 10:02 AM EDT

BERLIN (AP) — Germany will temporarily lower taxes on natural gas to ease the pressures on people struggling with soaring energy costs fueled by Russia's war on Ukraine, German Chancellor Olaf Scholz said Thursday. The announcement at a hastily convened news conference in Berlin...

Yellen tells IRS to develop modernization plan in 6 months

Aug. 17, 2022 11:46 AM EDT

WASHINGTON (AP) — Now that President Joe Biden signed Democrats' expansive climate, tax and health care bill into law, Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will overhaul its technology, customer service and hiring...

Which EVs qualify for new US tax credit? Websites offer help

Aug. 16, 2022 18:18 PM EDT

WASHINGTON (AP) — As part of the rollout of a huge new climate, tax and healthcare law, the U.S. government is moving forward with its plan to award new tax credits to electric vehicle purchasers. Several new websites launched Tuesday to help people identify which vehicles qualify...

What's in big Biden bill? Health, climate goals become law

Aug. 16, 2022 16:45 PM EDT

WASHINGTON (AP) — President Joe Biden arrived at the White House promising to “build back” America, and legislation he signed Tuesday delivers a slimmer, though not insignificant, version of that once sweeping idea. Approved by the divided Congress, the bill brings the biggest...

Court: State can't tax tribal lands that change hands

Aug. 15, 2022 16:44 PM EDT

MADISON, Wis. (AP) — The state can't impose property taxes on tribal lands that have changed hands without congressional approval, a federal appeals court ruled Monday. The decision from a three-judge panel from the 7th U.S. Circuit Court of Appeals marks another chapter in a...

Expanded IRS free-file system one step closer in Dems' bill

Aug. 15, 2022 16:05 PM EDT

WASHINGTON (AP) — The flagship climate change and health care bill passed by Democrats and soon to be signed by President Joe Biden will bring U.S. taxpayers one step closer to a government-operated electronic free-file tax return system. It’s something lawmakers and advocates...

Germans face higher bills as tax aids natural gas importers

Aug. 15, 2022 10:24 AM EDT

BERLIN (AP) — Germans are facing a new tax on natural gas use that could cost the average household several hundred euros a year and is aimed at rescuing importers slammed by Russian cutbacks tied to the war in Ukraine. An association of gas pipeline operators on Monday set the...

In Biden's big bill: Climate, health care, deficit reduction

Aug. 12, 2022 19:27 PM EDT

WASHINGTON (AP) — The biggest investment ever in the U.S. to fight climate change. A hard-fought cap on out-of-pocket prescription drug costs for Medicare recipients. A new corporate minimum tax to ensure big businesses pay their share. And billions left over to pay down federal...

Congress OKs Dems' climate, health bill, a Biden triumph

Aug. 12, 2022 19:08 PM EDT

WASHINGTON (AP) — A divided Congress gave final approval Friday to Democrats' flagship climate and health care bill, handing President Joe Biden a back-from-the-dead triumph on coveted priorities that the party hopes will bolster their prospects for keeping their House and Senate majorities in...