Latest National taxes News

FILE - This July 24, 2018, file photo shows a portion of the 1040 U.S. Individual Income Tax Return form. The IRS began accepting and processing tax returns for individuals on Monday, Jan. 27, 2020. (AP Photo/Mark Lennihan, File)

What to know for year two of the Trump tax plan

Jan. 28, 2020 3:34 AM EST

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...

United States Treasury Secretary Steven T. Mnuchin speaks at Chatham at House in London, Saturday, Jan. 25, 2020.  Mnuchin is visiting Britain Saturday for high level discussions on trade following his visit to the World Economic Forum in Davos, Switzerland. (AP Photo/Alberto Pezzali)

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

Jan. 25, 2020 9:52 AM EST

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....

U.S. President Donald Trump's envoy for the Kosovo-Serbia dialogue, Ambassador Richard Grenell speaks during a press conference after a meeting with Serbian President Aleksandar Vucic in Belgrade, Serbia, Friday, Jan. 24, 2020. Grenell is meeting Serbian President Vucic in order to move the dialogue and normalize relations between the two sides.(AP Photo/Darko Vojinovic)

US envoy urges Serbia, Kosovo to drop obstacles to talks

Jan. 24, 2020 2:56 PM EST

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...

Sajid Javid, Britain's Chancellor of the Exchequer, pictured during the 50th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Wednesday, Jan. 22, 2020.  (Gian Ehrenzeller/Keystone via AP)

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

Jan. 23, 2020 10:36 AM EST

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...

FILE - This Friday, May 16, 2014, file photo, shows the General Motors logo at the company's world headquarters in Detroit. Michigan on Wednesday, Jan. 22, 2020, 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. (AP Photo/Paul Sancya, File)

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

Jan. 22, 2020 3:23 PM EST

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...

U.S. President Donald Trump and Ivanka Trump, right, arrive at the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 22, 2020. The 50th annual meeting of the forum is taking place in Davos from Jan. 21 until Jan. 24, 2020. (AP Photo/Markus Schreiber)

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

Jan. 22, 2020 1:31 PM EST

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...

French Finance Minister Bruno Le Maire, left, and European Trade Commissioner Phil Hogan attend a media conference after their meeting in Paris, Tuesday, Jan. 7, 2020. The talks are focused on U.S. tariffs on French wine and other goods. (AP Photo/Michel Euler)

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

Jan. 22, 2020 1:06 PM EST

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...

FILE - In this April 28, 2015, file photo, a man walks past a Microsoft sign set up for the Microsoft BUILD conference at Moscone Center in San Francisco. 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. (AP Photo/Jeff Chiu, File)

Judge orders Microsoft to release tax records in IRS dispute

Jan. 22, 2020 12:45 PM EST

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

Jan. 22, 2020 10:24 AM EST
DAVOS, Switzerland (AP) — French finance minister says his country will delay its digital tax and US will hold off retaliatory sanctions.
President Vladimir Putin attends a wreath laying commemoration ceremony for the 77th anniversary since the Leningrad siege was lifted during the World War Two at the Boundary Stone monument, around 50 kilometers east of St.Petersburg, Russia, Saturday, Jan. 18, 2020. (Alexei Danichev, Sputnik, Kremlin Pool Photo via AP)

Putin's moves leave Russian opposition with few options

Jan. 18, 2020 9:53 AM EST

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...