Latest National taxes News

EU probes Belgian tax deals with multinationals

Sep. 16, 2019 8:21 AM EDT

BRUSSELS (AP) — The European Commission is investigating tax schemes that Belgium has set up with 39 multinational companies. The commission said Monday the investigations aim to assess whether Belgian rulings issued between 2005 and 2014 gave an unfair advantage to the companies by allowing them to pay...

US budget deficit for 11 months up $169 billion over 2018

Sep. 12, 2019 3:49 PM EDT

WASHINGTON (AP) — The U.S. government's budget deficit increased by $169 billion to $1.07 trillion in the first 11 months of this budget year as spending grew faster than tax collections. The Treasury Department reported Thursday that the deficit with just one month left in the budget year is up 18.8% over...

Google pays France over $1 billion to settle tax case

Sep. 12, 2019 12:21 PM EDT

PARIS (AP) — Tech giant Google said Thursday it has paid over one billion dollars to French authorities to settle a years-long dispute over allegations of tax fraud. A Paris court approved a penalty of 500 million euros ($551 million) from the digital giant over charges of tax evasion, and Google said it...

Reality star 'The Situation' released from federal prison

Sep. 12, 2019 10:21 AM EDT

NEWARK, N.J. (AP) — "Jersey Shore" cast member Mike "The Situation" Sorrentino is now a free man. The 37-year-old reality television star's publicist says he was released from prison in Otisville, New York, around 8:30 a.m. Thursday. He took to Twitter shortly after his release, writing, "Turn up we free."...

Prison release imminent for reality star 'The Situation'

Sep. 11, 2019 6:06 PM EDT

NEWARK, N.J. (AP) — "Jersey Shore" cast member Mike "The Situation" Sorrentino is about to regain his freedom. The Federal Bureau of Prison's website says the reality television star is scheduled to be released from prison in Otisville, New York, on Thursday. His publicist confirmed his pending release to...

Friendly fire: In trade fights, Trump targets US allies, too

Sep. 11, 2019 4:20 PM EDT

WASHINGTON (AP) — President Donald Trump has risked turmoil in the financial markets and damage to the U.S. economy in waging his trade war with China, America's top strategic rival. But Trump hasn't exactly gone easy on America's friends, either. From Europe to Japan, the president has stirred up...

Chiropractor who evaded taxes for 25 years sent to prison

Sep. 11, 2019 3:58 PM EDT

WORCESTER, Mass. (AP) — A Massachusetts chiropractor federal authorities say didn't pay taxes for 25 years has been sent to prison for six months. Richard Rodgers, of Northborough, was sentenced in federal court Tuesday, about three months after pleading guilty to evading taxes and concealing his income...

Italy's new pro-EU govt wins vote, now faces 2020 budget

Sep. 10, 2019 3:15 PM EDT

ROME (AP) — Italian Premier Giuseppe Conte's new pro-Europe government won a final confidence vote Tuesday in the Senate, clearing a key hurdle as it prepares to draft a painful budget law that risks splitting the already shaky coalition. After easily clinching a first confidence vote Monday in the lower...

AP FACT CHECK: Trump glosses over US pain from trade war

Sep. 9, 2019 8:38 PM EDT

WASHINGTON (AP) — President Donald Trump is sticking to his distorted picture of the consequences of his trade war with China, refusing to acknowledge the U.S. is feeling any pain. His remarks at a rally in North Carolina on Monday night revisited many of his familiar fabrications and exaggerations. A...

Americans love snacks. What does that mean for their health?

Sep. 9, 2019 1:06 PM EDT

NEW YORK (AP) — Americans are addicted to snacks, and food experts are paying closer attention to what that might mean for health and obesity. Eating habits in the U.S. have changed significantly in recent decades, and packaged bars, chips and sweets have spread into every corner of life. In the late...