Latest National taxes News

House Democrats wrestle with White House over investigations

Apr. 24, 2019 12:22 AM EDT

WASHINGTON (AP) — The struggle between House Democrats and the Trump administration over investigations intensified as a former White House official defied a subpoena and the Treasury Department ignored a deadline for providing President Donald Trump's tax returns. Rep. Elijah Cummings, the chairman of the...

Dems clash with Trump officials on subpoenas, tax returns

Apr. 23, 2019 8:43 PM EDT

WASHINGTON (AP) — The struggle between House Democrats and the Trump administration over investigations intensified Tuesday as a former White House official defied a subpoena and the Treasury Department ignored a deadline for providing President Donald Trump's tax returns. Rep. Elijah Cummings, the...

Henry Bloch, co-founder of tax company H&R Block, dies at 96

Apr. 23, 2019 4:17 PM EDT

KANSAS CITY, Mo. (AP) — Henry Bloch, who helped found tax preparation giant H&R Block, died Tuesday at age 96, the company announced. Bloch died of natural causes at St. Luke's Hospice in Kansas City. He founded H&R Block in 1955 in the city with his brother, Richard, to take advantage of the...

AP FACT CHECK: Trump team's distortions on Mueller report

Apr. 20, 2019 8:31 AM EDT

WASHINGTON (AP) — Special counsel Robert Mueller all but boldfaced this finding in his report on the Russia investigation: No exoneration for President Donald Trump on whether Trump criminally obstructed justice. But Trump and his aides are stating that Mueller's report did exonerate. No words from the...

Commerce official wants businesses to get Trump tax break

Apr. 18, 2019 12:42 PM EDT

PROVIDENCE, R.I. (AP) — Rhode Island's commerce secretary said Thursday he's analyzing new regulations issued by the Trump administration about a program for giving tax breaks for investing in low-income areas to ensure concerns by state economic development officials were considered. The Opportunity Zones...

Where the investigations related to President Trump stand

Apr. 18, 2019 12:25 AM EDT

WASHINGTON (AP) — A look at where investigations related to President Donald Trump stand and what may lie ahead for him: WHAT YOU NEED TO KNOW The Justice Department expects to make a redacted version of special counsel Robert Mueller's report on the Russia investigation public Thursday. Attorney General...

O'Rourke says he gave more to charity than tax returns show

Apr. 17, 2019 5:49 PM EDT

FREDERICKSBURG, Va. (AP) — Facing questions about his relatively meager charitable giving, Democratic presidential candidate Beto O'Rourke said Wednesday that he and his family had donated more than reported on past tax returns because they weren't interested in taking deductions. Speaking to reporters...

Trump administration seeks to boost Opportunity Zones

Apr. 17, 2019 5:19 PM EDT

WASHINGTON (AP) — The Trump administration on Wednesday proposed new regulations aimed at making it easier for investors to take advantage of tax breaks for investing in "Opportunity Zones" in low-income areas. The proposed regulations issued by the Treasury Department seek to clear up questions that were...

EU threatens to tax $20 billion of US goods over Boeing aid

Apr. 17, 2019 9:58 AM EDT

BRUSSELS (AP) — The European Union has drawn up a list of $20 billion worth of U.S. products it could tax in an escalating feud over plane industry subsidies, the EU's executive commission said Wednesday. The commission said the EU could tax the products , which range from aircraft parts to frozen fish,...

German minister calls for lower tax on long-distance trains

Apr. 17, 2019 9:08 AM EDT

BERLIN (AP) — Germany's transport minister is calling for a cut in tax on long-distance train travel to encourage more people to travel by rail and advance climate protection. Andreas Scheuer told Wednesday's edition of mass-circulation daily Bild that value-added tax on long-distance train tickets should...