Latest National taxes News

Walmart Mexico pays Mexico about $359 million in back taxes

May. 25, 2020 10:34 PM EDT

MEXICO CITY (AP) — Walmart de Mexico said Monday it has paid the Mexican government the equivalent of about $359 million in taxes for its 2014 sale of a restaurant chain known as VIP’s after tax authorities demanded it. The payment appears to mark a victory for President Andrés Manuel...

FILE - In this Sept. 19, 2017, file photo, a person cycles past tents set up along a pathway in Portland, Ore. A measure to tax the incomes of the wealthiest residents and the profits of the biggest businesses to raise $2.5 billion over a decade to address the homeless crisis sailed to victory in the Portland, Oregon metropolitan region even as the state faces crippling revenue losses and record-high unemployment. Nearly 60% of voters in the three counties that make up the greater Portland region approved the tax amid a greatest economic turmoil in years, a sign of just how intractable the homeless problem has become in the liberal Pacific Northwest city. (AP Photo/Ted S. Warren, File)

Portland, Oregon, homeless tax wins handily amid virus woes

May. 20, 2020 3:13 PM EDT

PORTLAND, Ore. (AP) — A measure to tax the wealthiest residents and the biggest businesses in Portland, Oregon, to raise $2.5 billion over a decade to address homelessness sailed to victory as final ballots were tallied Wednesday, even as the state faces crippling revenue losses and record-high...

Dutch government asks prosecutors to probe tax office

May. 19, 2020 9:12 AM EDT

THE HAGUE, Netherlands (AP) — The Dutch government reported its own taxation office to public prosecutors on Tuesday, seeking an investigation into possible discrimination in a long-running scandal centered on civil servants trying to track down parents fraudulently claiming child care benefits. The case...

FILE - In this Aug. 16, 2019 file photo, Puerto Rico Gov. Wanda Vazquez speaks during an interview with the Associated Press at the official residence La Fortaleza, in San Juan, Puerto Rico. Vazquez announced on Saturday, May 16, 2020, that she will hold a non-binding referendum in November to decide whether Puerto Rico should become a U.S. state. (AP Photo/Dennis M. Rivera Pichardo, File)

Puerto Rico to hold statehood referendum amid disillusion

May. 16, 2020 2:24 PM EDT

SAN JUAN, Puerto Rico (AP) — Gov. Wanda Vázquez announced on Saturday that she will hold a nonbinding referendum in November to decide whether Puerto Rico should become a U.S. state, a move that comes amid growing disillusion with the island’s U.S. territorial status. For the first time in the...

FILE - In this Sept. 18, 2017, file photo, two people sleep on a street in downtown Portland, Ore. Voters in metropolitan Portland will be asked Tuesday, May 19, 2020 to approve taxes on personal income and business profits that would raise $2.5 billion over a decade to fight homelessness even as Oregon grapples with the coronavirus pandemic and its worst recession in decades. (AP Photo/Ted S. Warren, File)

Portland, Oregon, homeless tax tests voter mood in pandemic

May. 15, 2020 4:47 PM EDT

PORTLAND, Ore. (AP) — Voters in metropolitan Portland, Oregon, will be asked Tuesday to approve taxes on personal income and business profits that would raise $2.5 billion over a decade to fight homelessness even as the state grapples with the coronavirus and its worst recession in years. The ballot...

FILE - In this March 4, 2019, file photo, a sign supporting teachers is shown on a fence outside of Chabot Elementary School in Oakland, Calif. California Democratic Gov. Gavin Newsom presented a revised $203 billion budget proposal to state lawmakers Thursday, May 14, 2020, reflecting an economy and tax revenues hobbled by the coronavirus pandemic. . (AP Photo/Jeff Chiu, File)

Correction: Virus Outbreak-California Budget-Schools story

May. 15, 2020 12:49 PM EDT
SACRAMENTO, Calif. (AP) — In a story May 14, 2020, about the California budget, The Associated Press erroneously reported that overall K-12 spending was forecast to be nearly $100 million. The spending is nearly $100 billion.
House Speaker Nancy Pelosi of Calif., smiles during a news conference on Capitol Hill, Thursday, May 14, 2020, in Washington. (AP Photo/Andrew Harnik)

Pelosi, GOP exchange barbs over new economic relief package

May. 14, 2020 10:11 PM EDT

WASHINGTON (AP) — House Speaker Nancy Pelosi lashed out Thursday at Trump administration officials and congressional Republicans seeking to slow work on a fresh round of coronavirus relief. The White House responded minutes later with a threat that President Donald Trump would veto the $3 trillion economic...

German Finance Minister Olaf Scholz addresses the media during a press conference in Berlin, Germany, Thursday, May 14, 2020. (AP Photo/Michael Sohn, pool)

Germany's tax revenue seen declining sharply this year

May. 14, 2020 10:42 AM EDT

BERLIN (AP) — The German government’s tax revenue is likely to sink by 81.5 billion euros ($88.4 billion) this year as a result of the coronavirus crisis, the first drop since the financial crisis a decade ago, according to an official estimate released Thursday. A twice-yearly assessment by tax...

FILE - In this May 7, 2020, file photo, President Donald Trump speaks during a meeting about the coronavirus response in the Oval Office of the White House in Washington. The Supreme Court is taking up Trump’s bid to keep his tax, bank and financial records private, a major clash over accountability that could affect the 2020 presidential campaign. (AP Photo/Evan Vucci, File)

Supreme Court appears likely to reject Trump immunity claim

May. 12, 2020 3:56 PM EDT

WASHINGTON (AP) — The Supreme Court on Tuesday appeared likely to reject President Donald Trump's claim that he is immune from criminal investigation while in office. But the court seemed less clear about exactly how to handle subpoenas from Congress and the Manhattan district attorney for Trump's tax,...

FILE - In this Nov. 30, 2018, file photo, the justices of the U.S. Supreme Court gather for a formal group portrait to include a new Associate Justice, top row, far right, at the Supreme Court Building in Washington. Seated from left: Associate Justice Stephen Breyer, Associate Justice Clarence Thomas, Chief Justice of the United States John G. Roberts, Associate Justice Ruth Bader Ginsburg and Associate Justice Samuel Alito Jr. Standing behind from left: Associate Justice Neil Gorsuch, Associate Justice Sonia Sotomayor, Associate Justice Elena Kagan and Associate Justice Brett M. Kavanaugh. (AP Photo/J. Scott Applewhite, File)

AP Courtside: Telephone arguments on Trump's taxes run long

May. 12, 2020 2:08 PM EDT

WASHINGTON (AP) — The Supreme Court is holding its second week of arguments by telephone because of the coronavirus pandemic, hearing cases about President Donald Trump's tax records, with audio available live to audiences around the world. The court has heard four days of arguments that had been...