Latest National taxes News

Palestinian leader fires advisers, wants bonuses returned

Aug. 19, 2019 12:35 PM EDT

RAMALLAH, West Bank (AP) — Palestinian President Mahmoud Abbas on Monday laid off all of his advisers and ordered a former prime minister and other ex-Cabinet ministers to return tens of thousands of dollars from a pay raise he had secretly approved. Palestinian officials said the decisions, announced in...

Hong Kong cuts taxes to shore up economy amid protests

Aug. 16, 2019 12:07 AM EDT

HONG KONG (AP) — Hong Kong's government announced tax cuts and higher social spending Thursday to reverse a deepening economic slump aggravated by anti-government protests and the U.S.-Chinese tariff war. The territory's financial secretary, Paul Chan, cut this year's official growth forecast to 0 to 1%,...

Records: Land taxes went unpaid by Rep. Meadows' business

Aug. 15, 2019 5:46 PM EDT

RALEIGH, N.C. (AP) — Thousands of dollars in property taxes on land owned by Republican U.S. Rep. Mark Meadows' business went unpaid because the western North Carolina congressman says he didn't know about the bills. The News & Observer of Raleigh reports the Bertie County tax office began recording...

'Chrisley Knows Best' couple plead not guilty to charges

Aug. 14, 2019 4:43 PM EDT

ATLANTA (AP) — Reality television stars Todd and Julie Chrisley pleaded not guilty Wednesday to tax evasion and other federal charges that their lawyers said stemmed from false allegations made by a former employee. The "Chrisley Knows Best" stars entered the pleas during their initial court appearance...

German economy shrinks, casting shadow over European growth

Aug. 14, 2019 10:30 AM EDT

FRANKFURT, Germany (AP) — Germany's economy shrank by 0.1 percent in the second quarter as global trade conflicts and troubles in the auto industry held back the largest member of the 19-country euro currency union. The weak performance darkened prospects for the entire eurozone, where the European Central...

Trump delays tariffs on some Chinese goods until December

Aug. 13, 2019 6:57 PM EDT

WASHINGTON (AP) — Responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying most of the import taxes it planned to impose on Chinese goods and is dropping others altogether. The announcement Tuesday from the Office of the...

US budget deficit grows 27% through July

Aug. 12, 2019 2:02 PM EDT

WASHINGTON (AP) — The U.S. government's budget deficit rose by $183 billion to $867 billion during the first 10 months of this budget year as spending grew more than twice as fast as tax collections. The Treasury Department say the deficit for the current fiscal year through July is up 27% from the same...

Beware of tax scam emails and phone calls, IRS warns

Aug. 12, 2019 12:16 PM EDT

NEW YORK (AP) — Months after business owners and other taxpayers have filed their returns with the IRS, thieves try to scam people out of money or personal information. Although scammers operate year-round, the IRS says they step up their activities in the summer, when taxpayers can expect to hear from the...

Germany charges ex-Deutsche Bank employee in vast tax scam

Aug. 8, 2019 10:16 AM EDT

BERLIN (AP) — German prosecutors have indicted a 48-year-old former employee of Deutsche Bank as part of a probe into a massive tax evasion scam that's already seen 13 people sentenced to up to eight years imprisonment. Prosecutors in Frankfurt said Thursday that the suspect, an Austrian citizen, was part...

Hannity to de Blasio: 'You drive me crazy!'

Aug. 7, 2019 11:48 PM EDT

NEW YORK (AP) — New York Mayor Bill de Blasio sparred, clashed and laughed with Fox News host Sean Hannity on Wednesday when the Democratic presidential hopeful faced the conservative TV titan who has disparaged him for years. For one hour on cable news' top-rated show, their raised voices overlapped as...