Latest National taxes News

Labour's Jeremy Corbyn: Redistribute UK wealth, tax the rich

Dec. 10, 2019 8:30 AM EST

LONDON (AP) — If Labour Party leader Jeremy Corbyn wins Britain's general election on Thursday, he’s promising a remix of British society, with a strong emphasis on raising the lot of Britain’s disenfranchised and forcing tax-dodging corporations and wealthy individuals to pick up part of the...

Report: black lung funding cut will cost taxpayers billions

Dec. 10, 2019 8:24 AM EST

LOUISVILLE, Ky. (AP) — A cut to the tax coal companies pay to fund a trust for sick miners will cost taxpayers at least $15 billion by 2050, according to a new report from a national watchdog group. An excise tax rate on mined coal that funds the Black Lung Disability Trust Fund expired at the beginning of...

Japan economy marks 4th straight quarter of expansion

Dec. 8, 2019 11:55 PM EST

TOKYO (AP) — Japan's economy expanded at a faster than earlier estimated annual rate of 1.8% in July-September, powered by stronger consumer purchases and corporate investment ahead of an Oct. 1 tax hike. However that tax increase is expected to hurt growth in coming months. The data issued Monday were a...

Supreme Court temporarily shields Trump bank records

Dec. 6, 2019 6:22 PM EST

WASHINGTON (AP) — The Supreme Court on Friday temporarily shielded the bank records of President Donald Trump and three of his children from House Democrats. In an order signed by Justice Ruth Bader Ginsburg, the House cannot enforce subpoenas issued to Deutsche Bank and Capital One at least until Dec. 13....

US trade gap narrows as imports fall amid China conflict

Dec. 5, 2019 5:09 PM EST

WASHINGTON (AP) — The U.S. trade deficit narrowed in October as imports fell faster than exports. The politically sensitive trade gap with China dropped. The Commerce Department said Thursday that the gap between what America sells and what it buys abroad dropped 7.6% to $47.2 billion in October. Imports...

Education Secretary pushes school vouchers at Arizona event

Dec. 5, 2019 3:18 PM EST

SCOTTSDALE, Ariz. (AP) — U.S. Education Secretary Betsy DeVos on Thursday touted her $5 billion plan to fund tuition for private school students, telling a room of supportive parents and lobbyists that it would improve the quality of education. DeVos praised Arizona's devotion to school choice programs...

Trump asks Supreme Court to void financial records subpoena

Dec. 5, 2019 12:28 PM EST

WASHINGTON (AP) — President Donald Trump asked the Supreme Court on Thursday to void a subpoena from the House of Representatives that seeks the president's financial records from his accounting firm. The justices already have shielded the documents from being turned over while they consider whether to...

Trump takes bold stance at NATO as impeachment boils at home

Dec. 3, 2019 5:50 PM EST

LONDON (AP) — Thumping his chest on the world stage as he faces an impeachment inquiry at home, President Donald Trump claimed credit Tuesday for transforming NATO as the military alliance marks its 70th anniversary. But he also clashed with America's NATO allies, especially French President Emmanuel...

Trump against the world: A snapshot of his trade disputes

Dec. 3, 2019 4:31 PM EST

WASHINGTON (AP) — There are lots of ways, it seems, to land on one of President Donald Trump’s tariff hit lists. Countries can allegedly steal U.S. trade secrets. Or they can introduce a tax that the Trump administration doesn’t like. Or they can be unlucky enough to find themselves in such...

Court sides with Congress in battle for Trump’s bank records

Dec. 3, 2019 3:24 PM EST

NEW YORK (AP) — A federal appeals court in New York handed President Donald Trump another legal defeat, ruling Tuesday that Congress can see his banking records for investigations into possible foreign influence in U.S. politics or other misdeeds. A panel of 2nd U.S. Circuit Court of Appeals judges said...