Latest National taxes News

US targets $1.3 billion in French imports in tech tax clash

Jul. 10, 2020 6:34 PM EDT

WASHINGTON (AP) — The Trump administration on Friday announced plans to impose taxes on $1.3 billion in French imports — hitting handbags and makeup but sparing cheese and wine — in retaliation for France’s digital services tax on U.S. technology giants. But the Office of the U.S....

Democratic presidential candidate former Vice President Joe Biden speaks at McGregor Industries in Dunmore, Pa., Thursday, July 9, 2020. (AP Photo/Matt Slocum)

Biden pledges New Deal-like economic agenda to counter Trump

Jul. 9, 2020 9:08 PM EDT

DUNMORE, Pa. (AP) — Democrat Joe Biden turned his campaign against President Donald Trump toward the economy Thursday, introducing a New Deal-like economic agenda while drawing a sharp contrast with a billionaire incumbent he said has abandoned working-class Americans amid cascading crises. The former...

Bill Christeson holds up a sign that reads

No peeking, voters: Court keeps Trump taxes private for now

Jul. 9, 2020 4:03 PM EDT

WASHINGTON (AP) — Rejecting President Donald Trump’s complaints that he's being harassed, the Supreme Court ruled Thursday in favor of a New York prosecutor’s demands for the billionaire president’s tax records. But in good political news for Trump, his taxes and other financial...

Bill Christeson holds up a sign that reads

AP EXPLAINS: Public won't see Trump's tax documents for now

Jul. 9, 2020 12:48 PM EDT

WASHINGTON (AP) — The Supreme Court ruled Thursday in two cases involving access to President Donald Trump’s financial records. The cases were the last to be released of the high court’s term, which dragged into July because of the coronavirus pandemic. Here's a look at the decisions in the...

Supreme Court won't allow Congress to get Trump tax and financial records, for now

Jul. 9, 2020 10:23 AM EDT
WASHINGTON (AP) — Supreme Court won't allow Congress to get Trump tax and financial records, for now.
The Supreme Court, Wednesday, July 8, 2020, in Washington. (AP Photo/Andrew Harnik)

Supreme Court expected to rule on Trump tax records Thursday

Jul. 8, 2020 3:37 PM EDT

WASHINGTON (AP) — The Supreme Court is expected to rule Thursday on whether Congress and the Manhattan district attorney can see President Donald Trump's taxes and other financial records that the president has fought hard to keep private. The high-stakes dispute tests the balance of power between the...

FILE - In this Sunday, April 2, 2017, file photo, Tim McGraw, left, and Faith Hill arrive at the 52nd annual Academy of Country Music Awards at the T-Mobile Arena in Las Vegas. The government's small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn't have expected. A Nashville, Tenn., company called “Road Dog Touring, Inc.” was approved for a small business loan of $2 million to $5 million. The company owns the official website for country singer Tim McGraw, timmccgraw.com, and a joint official site with his wife, Faith Hill, timandfaith.com. (Photo by Jordan Strauss/Invision/AP, File)

Kanye West? Tim McGraw? Girl Scouts? All got PPP loans

Jul. 7, 2020 6:56 PM EDT

WASHINGTON (AP) — The government's small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn't have expected. Clothing lines by...

FILE - In this Oct. 23, 2019, file photo, a campaign poster for Seattle City Council incumbent candidate Kshama Sawant is posted outside her campaign headquarters in Seattle. The City Council on Monday, July 6, 2020, approved a new tax on big businesses two years after the council repealed a similar tax amid pressure from corporations such as Amazon. (AP Photo/Elaine Thompson, File)

Seattle City Council approves new tax on big business

Jul. 6, 2020 8:53 PM EDT

SEATTLE (AP) — The Seattle City Council on Monday approved adopting a new tax on large businesses, two years after the council repealed a big business tax amid pressure from corporations such as Amazon and the prospect of a voter referendum. The new tax called “JumpStart Seattle,” from lead...

FILE - In this Feb. 5, 2020, file photo, a W-4 form is viewed in New York. As the coronavirus pandemic took hold this spring, the federal government postponed the traditional April 15 filing deadline until July 15. The move provided some economic and logistic relief for taxpayers dealing with the disruptions and uncertainty brought on by lockdowns, school closures and shuttered businesses. But now that new deadline is rapidly approaching. (AP Photo/Patrick Sison, File)

No more delays: What to know about the July 15 tax deadline

Jul. 6, 2020 2:03 PM EDT

It’s time to do your taxes — no more delays. As the coronavirus pandemic took hold this spring, the federal government postponed the traditional April 15 filing deadline until July 15. The move provided some economic and logistical relief for taxpayers dealing with the disruptions and uncertainty...

In this April 8, 2020, photo, employees work on a car assembly line at the Dongfeng Honda Automobile Co., Ltd factory in Wuhan in central China's Hubei province. The United States, Japan and France are prodding their companies to rely less on China to make the world’s smartphones, drugs and other products. But even after the coronavirus derailed global trade, few are willing to give up access to its skilled workers, vast market and efficient suppliers by moving factories closer to home. (AP Photo/Ng Han Guan)

Companies prodded to rely less on China, but few respond

Jun. 30, 2020 3:23 AM EDT

BEIJING (AP) — The United States, Japan and France are prodding their companies to rely less on China to make the world’s smartphones, drugs and other products. But even after the coronavirus derailed trade, few want to leave China's skilled workforce and efficient suppliers of raw materials to move...