Latest National taxes News

People watch from their vehicle as President Donald Trump, on left of video screen, and Democratic presidential candidate former Vice President Joe Biden speak during a Presidential Debate Watch Party at Fort Mason Center in San Francisco, Thursday, Oct. 22, 2020. The debate party was organized by Manny's, a San Francisco community meeting and learning place. (AP Photo/Jeff Chiu)

AP FACT CHECK: Trump and Biden in their last clash on stage

Oct. 24, 2020 7:52 AM EDT

WASHINGTON (AP) — A more measured President Donald Trump does not necessarily mean a more truthful one. In the final debate of the presidential campaign, he was loose with facts on the crisis of the time — the pandemic — and much else. Trump did, though, exploit confusion sowed by Joe Biden...

Democratic presidential candidate former Vice President Joe Biden answers a question as President Donald Trump listens during the second and final presidential debate Thursday, Oct. 22, 2020, at Belmont University in Nashville, Tenn. (AP Photo/Morry Gash, Pool)

AP FACT CHECK: Falsehoods and fumbles in Trump-Biden debate

Oct. 23, 2020 1:10 AM EDT

WASHINGTON (AP) — The facts took a hit right out of the gate Thursday night. President Donald Trump’s first line of the night, about COVID-19 deaths, was false and set the tone as he and Democratic rival Joe Biden unleashed a torrent of claims in their last presidential debate. Trump misrepresented...

FILE - This Wednesday, Aug. 19, 2009 file photo shows Syrian President Bashar Assad during a meeting with his Iranian counterpart Mahmoud Ahmadinejad in Tehran, Iran. Syria's state media says President Bashar Assad has made a rare public visit to the coastal province of Latakia where he toured areas that suffered heavy damage in last week’s deadly wildfires. (AP Photo/Vahid Salemi, File)

Syria president orders new tax breaks amid rising hardship

Oct. 21, 2020 10:35 AM EDT

DAMASCUS, Syria (AP) — Syria's president decreed a new income tax exemption Wednesday intended to provide relief to low-income earners at a time of deepening economic hardship in the war-ravaged country. The decree exempts those making 50,000 liras ($40) a month or less from paying income tax. The limit...

Britain's Chancellor Rishi Sunak leaves 11 Downing Street in London, Tuesday, Oct. 20, 2020. (AP Photo/Kirsty Wigglesworth)

UK government borrowing hits record due to pandemic

Oct. 21, 2020 9:56 AM EDT

LONDON (AP) — The COVID-19 pandemic is battering Britain’s public finances, pushing government borrowing to a record last month as tax revenue fell and authorities spent billions of pounds to prop up the economy. The government borrowed a net 36.1 billion pounds ($47.1 billion) in September, pushing...

President Donald Trump waves after a campaign rally at Erie International Airport, Tom Ridge Field, Tuesday, Oct. 20, 2020, in Erie, Pa. (AP Photo/Evan Vucci)

Report: Tax records show Trump tried to land China projects

Oct. 20, 2020 10:14 PM EDT

WASHINGTON (AP) — President Donald Trump spent a decade unsuccessfully pursuing projects in China, operating an office there during his first run for president and forging a partnership with a major government-controlled company, The New York Times reported Tuesday. China is one of only three foreign...

President Donald Trump speaks during a campaign rally at Southern Wisconsin Regional Airport, Saturday, Oct. 17, 2020, in Janesville, Wis. (AP Photo/Andy Manis)

AP FACT CHECK: Trump's falsehoods on virus, taxes and Bidens

Oct. 20, 2020 6:40 PM EDT

WASHINGTON (AP) — Back fully campaigning after COVID-19 sidelined him, President Donald Trump returned to familiar form, spreading a litany of falsehoods. Over the weekend, he asserted yet again the virus was “rounding the corner” when it isn't, misrepresented Democratic rival Joe Biden's...

Toby Gregory's yard that is adorned with 1,006 white crosses to represent Oklahoma deaths due to COVID-19, Wednesday, Oct. 14, 2020, in Tulsa, Okla. Gregory was able to keep up with the state death toll until last week, and then it became too many. He says he doesn't have the room or supplies to keep up with the current death toll, but will do about 50 more crosses. (Mike Simons/Tulsa World via AP)

The Latest: Ireland sets new virus restrictions for 6 weeks

Oct. 19, 2020 8:12 PM EDT

LONDON — Ireland’s government is putting the country at its highest level of coronavirus restrictions for six weeks in a bid to combat a rise in infections. Premier Micheal Martin said Monday the measures take effect at midnight Wednesday and run until Dec. 1. People are being asked to stay at home,...

New Hampshire brings income tax dispute to Supreme Court

Oct. 19, 2020 5:00 PM EDT

CONCORD, N.H. (AP) — New Hampshire on Monday asked the U.S. Supreme Court to block Massachusetts from collecting income tax from roughly 80,000 New Hampshire residents who are employed by Massachusetts companies but have been working from home during the coronavirus pandemic. “Massachusetts cannot...

President Donald Trump speaks during an NBC News Town Hall with moderator Savannah Guthrie, at Perez Art Museum Miami, Thursday, Oct. 15, 2020, in Miami. (AP Photo/Evan Vucci)

The Latest: Trump raises $247.8M in Sept., far behind Biden

Oct. 15, 2020 11:16 PM EDT

WASHINGTON (AP) — The latest on the presidential campaign (all times local): 11:10 p.m. President Donald Trump’s campaign and Republicans raised $247.8 million in September — better than the month before, but still lagging far behind his Democratic challenger Joe Biden, who raised $383...

Robert and Dorothy Brockman attend an intimate al fresco dinner celebrating the Rice University groundbreaking of James Turrell's Rice University Skyspace project at the home of Phoebe and Bobby Tudor, Tuesday evening, May 17, 2011, in Houston. Federal prosecutors have charged Texas billionaire Robert Brockman in a $2 billion tax fraud scheme that they say is the largest such case against an American. (Dave Rossman/Houston Chronicle via AP)

DOJ charges Texas billionaire in $2 billion tax fraud scheme

Oct. 15, 2020 6:58 PM EDT

SAN FRANCISCO (AP) — Federal prosecutors charged Texas billionaire Robert Brockman on Thursday with a $2 billion tax fraud scheme in what they say is the largest such case against an American. Department of Justice officials said at a news conference that Brockman, 79, hid capital gains income over 20...