Latest Corporate taxes News

A Bezos-Biden squabble: Can corporate taxes tame inflation?

May. 16, 2022 16:05 PM EDT

WASHINGTON (AP) — Jeff Bezos this weekend became the latest centibillionaire to launch a political fight on Twitter by denouncing a tweet from President Joe Biden about corporate taxes as “disinformation” and "misdirection." The White House quickly retorted Monday that Bezos...

'Chrisley Knows Best' stars to stand trial in Atlanta

May. 14, 2022 10:28 AM EDT

ATLANTA (AP) — A federal trial for reality television stars Todd and Julie Chrisley on charges including bank fraud and tax evasion is set to start Monday in Atlanta. The trial is getting underway just days after E! announced that it is moving forward with a new dating series,...

Former Indiana casino executive pleads guilty to tax fraud

Apr. 18, 2022 14:23 PM EDT

INDIANAPOLIS (AP) — A former Indiana casino executive pleaded guilty Monday to one count of filing a false tax return in a scheme to funnel cash to a political action committee associated with the Marion County Republican Party. John Keeler's guilty plea came just one hour before...

Editorial Roundup: Nebraska

Apr. 11, 2022 07:29 AM EDT

Lincoln Journal Star. April 9, 2022. Editorial: Tax cuts don’t help poorest or bode well for future Sen. Lou Ann Linehan got her income tax and corporate tax cuts, and Sen. Tom Briese succeeded in his effort to reduce property taxes through income tax credits. ...

GOP's energy promises face limits in Pa. governor's race

Apr. 10, 2022 11:44 AM EDT

HARRISBURG, Pa. (AP) — Republican Bill McSwain pledges to be a pro-energy governor by “turning on the spigot of natural gas.” Another hopeful, Dave White, says he wants Pennsylvania “to be the energy capital of the world.” A third candidate, Lou Barletta, says having a glut of natural gas...

Manhattan DA: Trump criminal investigation is continuing

Apr. 07, 2022 23:45 PM EDT

NEW YORK (AP) — Rejecting suggestions he has lost interest in going after Donald Trump, the Manhattan district attorney said Thursday a criminal investigation into the former president and his business practices is continuing “without fear or favor” despite a recent shakeup in the probe’s...

Feds: Medical device CEO owes more than $6 million in taxes

Apr. 06, 2022 16:21 PM EDT

MINNEAPOLIS (AP) — A CEO of a suburban Minneapolis medical device company is accused of failing to pay more than $6 million in payroll taxes, interest and penalties to the Internal Revenue Service. Larry Lindberg was charged Monday in federal court with one count of tax evasion....

French prosecutors to probe McKinsey over alleged tax fraud

Apr. 06, 2022 15:56 PM EDT

PARIS (AP) — French financial prosecutors have opened a preliminary investigation into suspected tax fraud by American management consulting firm McKinsey & Company. The national financial prosecutor’s office said Wednesday the investigation was launched last week for...

Feds charge Kentucky coal executive in embezzlement scheme

Mar. 29, 2022 04:07 AM EDT

PINEVILLE, Ky. (AP) — A Kentucky coal executive embezzled millions from investors, according to federal authorities. A federal grand jury indicted Rex G. Fought last week on a charge related to tax fraud, The Lexington Herald-Leader reported. Court document said Fought worked with...

Biden's budget plan: Higher taxes on rich, lower deficits

Mar. 28, 2022 18:36 PM EDT

WASHINGTON (AP) — President Joe Biden announced a budget blueprint Monday that calls for higher taxes on the wealthy, lower federal deficits, more money for police and greater funding for education, public health and housing. Appearing at the White House with his budget director...