Latest National taxes News

The IRS is recalling 46,000 workers to handle tax returns

Jan. 15, 2019 7:30 PM EST

WASHINGTON (AP) — The Internal Revenue Service is recalling about 46,000 of its employees furloughed by the government shutdown — nearly 60 percent of its workforce — to handle tax returns and pay out refunds. The employees won't be paid during the shutdown. With the official start of the tax...

How major US stock indexes fared Tuesday

Jan. 15, 2019 4:43 PM EST

U.S. stocks rallied to their highest level in more than a month on Tuesday after China's government moved to inject more life into its economy by cutting taxes and increasing spending. Netflix led a surge in high-tech companies. On Tuesday: The S&P 500 index gained 27.69 points, or 1.1 percent, to 2,610.30....

IRS is recalling 46,000 workers _ nearly 60 percent of its workforce _ from furlough to handle tax refunds without pay

Jan. 15, 2019 4:09 PM EST
WASHINGTON (AP) — IRS is recalling 46,000 workers — nearly 60 percent of its workforce — from furlough to handle tax refunds without pay.

EU executive wants to remove member states veto power on tax

Jan. 15, 2019 11:26 AM EST

STRASBOURG, France (AP) — The European Union's executive is proposing to get rid of the veto power that member states can wield on EU taxation issues. The idea is to make it easier to react more quickly to tax scandals, such as sweet deals that some states have allegedly given to big companies. The...

Correction: NerdWallet-Government Shutdown-Mortgages story

Jan. 15, 2019 10:33 AM EST

In a story Jan. 11 about the government shutdown, The Associated Press — from an article that originally appeared on the personal finance web site NerdWallet — reported erroneously that mortgage loans guaranteed by the Department of Veterans Affairs would be affected by the shutdown. The VA says...

The Situation due to report to federal prison for tax fraud

Jan. 15, 2019 8:07 AM EST

NEWARK, N.J. (AP) — "Jersey Shore" cast member Mike "The Situation" Sorrentino is trading life on the beach for time behind prison bars. The 36-year-old is scheduled to report to Otisville Federal Correctional Institution in upstate New York on Tuesday to begin serving an eight-month sentence for tax...

China to cut taxes, keep policy flexible to counter slowdown

Jan. 15, 2019 1:58 AM EST

BEIJING (AP) — China plans to slash taxes, step up spending and provide ample financing to private and small enterprises to help counter the country's worst slowdown since the global financial crisis and the impact of a bruising trade war with the U.S. The People's Bank of China is confident it can keep...

Trade war's wounded: Companies improvise to dodge cost hikes

Jan. 13, 2019 4:21 PM EST

WASHINGTON (AP) — In Rochester, New York, a maker of furnaces for semiconductor and solar companies is moving its research and development to China to dodge President Donald Trump's import taxes — a move that threatens a handful of its 26 U.S. jobs. In California's San Joaquin Valley, the CEO of a...

Trade war's wounded: Companies improvise to dodge cost hikes

Jan. 13, 2019 2:02 PM EST

WASHINGTON (AP) — In Rochester, New York, a maker of furnaces for semiconductor and solar companies is moving its research and development to China to dodge President Donald Trump's import taxes — a move that threatens a handful of its 26 U.S. jobs. In California's San Joaquin Valley, the CEO of a...

EU executive launches probe into Dutch tax regime for Nike

Jan. 10, 2019 7:35 AM EST

THE HAGUE, Netherlands (AP) — Tax arrangements between sneaker giant Nike and the Dutch government are being scrutinized by European Union competition regulators, the bloc's executive Commission said Thursday. The probe is centered on two Dutch-based companies that are part of the sports goods maker's...