What to know for year two of the Trump tax plan

It’s that time again. The IRS began accepting and processing tax returns for individuals on Monday. Last year’s filing season was an adjustment for taxpayers and industry professionals alike as it was the first under a massive overhaul of federal tax law. While this year’s season is...

US Treasury chief says trade deal possible with UK in a year

LONDON (AP) — U.S. Treasury Secretary Steven Mnuchin suggested Saturday that Britain and America would be able to conclude a trade deal this year, despite lingering disagreements on a digital services tax and whether to allow Chinese tech giant Huawei to build aspects of a new high-speed mobile network....

US envoy urges Serbia, Kosovo to drop obstacles to talks

BELGRADE, Serbia (AP) — U.S. President Donald Trump’s special envoy for talks between Serbia and Kosovo said Friday that the two Balkan rivals must remove obstacles that have blocked negotiations for more than a year. Kosovo must drop the 100% trade tax on Serbian goods, while Belgrade has to stop...

High hopes: US, EU and UK all aim for trade deals this year

DAVOS, Switzerland (AP) — The United States, the European Union and what will soon be post-Brexit Britain have all raised the prospect of concluding trade deals between themselves by the end of this year, setting up an intense few months of negotiations. High-level representatives said Thursday at the...

GM to spend $3.5B in Michigan under revised tax credit deal

LANSING, Mich. (AP) — Michigan on Wednesday agreed to revise decade-long tax breaks for General Motors in exchange for the company's commitment to spend at least $3.5 billion more over 10 years, including to build electric pickup trucks in Detroit. Under the deal — the seventh amendment to the home...

The Latest: WTO chief says debate over trade rules will last

DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 7:25 p.m. The head of the World Trade Organization says an ongoing debate over special exemptions granted to China and India because they are still considered developing countries “is not going...

US-French tax truce a respite in tense relations with EU

DAVOS, Switzerland (AP) — France will delay its tax on big tech firms like Google and Facebook in exchange for the United States's promise to hold off retaliatory tariffs — a potential sign of goodwill in the U.S. and European Union's increasingly tense relations over trade. After U.S. President...

Judge orders Microsoft to release tax records in IRS dispute

SEATTLE (AP) — A federal judge says it's likely that Microsoft was trying to avoid or evade paying U.S. taxes and is ordering the company to hand over financial documents from more than a decade ago. The Internal Revenue Service has been seeking the documents as part of a long-running investigation into...

French finance minister says his country will delay its digital tax and US will hold off retaliatory sanctions

Putin's moves leave Russian opposition with few options

MOSCOW (AP) — Russian President Vladimir Putin played it differently this time. Instead of openly declaring plans to extend his rule like he did in 2011, Putin proposed constitutional amendments to appear to give more power to Russia's parliament. Instead of announcing the move as a fait accompli, he said...