Latest National taxes News

Kosovo PM resigns following Hague war crimes court summons

Jul. 19, 2019 1:52 PM EDT

PRISTINA, Kosovo (AP) — Kosovo's prime minister resigned Friday after being invited for questioning by a Hague-based court investigating crimes against ethnic Serbs during and after the country's 1998-99 war. Ramush Haradinaj said he agreed to be interviewed at the Kosovo Specialist Chambers next week and...

Facebook's Libra gets stark warning from G-7 finance chiefs

Jul. 18, 2019 2:54 PM EDT

CHANTILLY, France (AP) — Finance chiefs from the Group of Seven rich democracies issued a stark warning on Thursday that cryptocurrencies like the Libra digital money recently unveiled by Facebook should not be allowed before "serious regulatory and systemic concerns" are addressed. France, which this year...

Greece gets nod from creditors to ease bailout-era taxes

Jul. 18, 2019 11:26 AM EDT

ATHENS, Greece (AP) — Senior officials from Greece's creditor institutions are meeting in Athens with the country's new conservative government, which is planning to begin dismantling bailout-era taxes next month. Representatives of the European Commission, European Central Bank, the International Monetary...

The Latest: US still mulling retaliation for French tech tax

Jul. 18, 2019 6:53 AM EDT

CHANTILLY, France (AP) — The Latest on the G-7 finance ministers' meeting (all times local): 12:50 p.m. U.S. Treasury Secretary Steven Mnuchin says the White House will press ahead with its investigation of France's digital tax, which is aimed at companies like Google and Amazon, as a possible unfair trade...

House Democratss, GOP unite to repeal Obama health care tax

Jul. 17, 2019 7:15 PM EDT

WASHINGTON (AP) — House Democrats and Republicans joined in a rare show of unity Wednesday, voting overwhelmingly to repeal an unpopular tax on generous health insurance that's a symbol of former President Barack Obama's signature health care law. The so-called "Cadillac tax" never went into effect, since...

With Big Tech's dominance under scrutiny, EU probes Amazon

Jul. 17, 2019 4:53 PM EDT

BRUSSELS (AP) — While the U.S. Congress talks about reining in big tech companies, Europe is taking action. The European Union said Wednesday it is investigating whether Amazon uses data from independent retailers to gain an unfair advantage, a decision that could lead to changes in how the internet's...

3 states sue Trump administration over tax workaround

Jul. 17, 2019 3:21 PM EDT

Connecticut, New Jersey and New York sued the Trump administration Wednesday over an IRS rule that weakens the states' attempts to work around a cap on state and local tax deductions. Attorneys general for the three states filed the lawsuit against the Treasury and IRS in federal court in New York. The suit...

US objections to French tech tax overshadow G-7 finance meet

Jul. 17, 2019 11:16 AM EDT

CHANTILLY, France (AP) — The Trump administration is objecting to France's plan to tax Facebook, Google and other U.S. tech giants, a rift that's overshadowing talks between seven longtime allies this week on issues ranging from digital currencies to trade. As finance ministers from the Group of Seven rich...

Bulgaria detains cybersecurity employee in tax data hacking

Jul. 17, 2019 8:01 AM EDT

SOFIA, Bulgaria (AP) — Bulgarian police have detained a suspect who is allegedly behind the hacking of the national revenue agency, an attack that leaked the personal and financial data of millions of Bulgarians and companies. Police cybersecurity chief Yavor Kolev said Wednesday a 20-year-old Bulgarian...

The Latest: 4% tax cut, pharmacy compensation in Ohio budget

Jul. 16, 2019 8:02 PM EDT

COLUMBUS, Ohio (AP) — The Latest on the crafting of Ohio's next two-year state budget (all times local): 8 p.m. The latest version of Ohio's proposed two-year state budget would cut personal income taxes by 4%, keep a debated business tax break and change how pharmacy benefits are administered for Medicaid...