Latest National taxes News

AP FACT CHECK: Trump's boasts, blasts and promises at rally

Jun. 19, 2019 12:53 PM EDT

WASHINGTON (AP) — President Donald Trump boasted with abandon in launching his 2020 re-election campaign, overreached in excoriating his critics and promised progress on his border wall and health care that is improbable at best. In those respects, his latest campaign rally was much like any other by the...

Charitable giving by individual Americans drops in 2018

Jun. 18, 2019 11:41 AM EDT

NEW YORK (AP) — Charitable giving by individual Americans in 2018 suffered its biggest drop since the Great Recession of 2008-09, in part because of Republican-backed changes in tax policy, according to the latest comprehensive report on Americans' giving patterns. The Giving USA report, released Tuesday,...

Why US-China trade war risks hurting firms in both countries

Jun. 17, 2019 1:33 PM EDT

WASHINGTON (AP) — U.S. businesses are imploring President Donald Trump not to expand his tariffs to $300 billion in goods from China that have so far been spared in his trade war with Beijing. These companies warn that the additional tariffs would drive up prices for consumers, squeeze profits and leave...

EU leader Tusk queried about tax policies as Poland's PM

Jun. 17, 2019 12:29 PM EDT

WARSAW, Poland (AP) — Lawmakers in Poland questioned EU Council president Donald Tusk on Monday for an investigation of tax evasion by private businesses that took place when he was the country's prime minister. A parliamentary panel that had subpoenaed Tusk quizzed him about his 2007-2014 government's...

German prosecutors bring charges in tax loophole case

Jun. 17, 2019 8:17 AM EDT

FRANKFURT, Germany (AP) — German prosecutors have charged two British citizens with participating in tax evasion allegedly involving 440 million euros ($495 million). A regional court in Bonn said Monday that the two, who were not named, were charged with taking part in 34 instances of potential tax...

Justice backs Mnuchin's refusal to turn over Trump's taxes

Jun. 14, 2019 6:30 PM EDT

The Justice Department issued a legal opinion Friday finding that Treasury Secretary Steve Mnuchin was right to withhold President Donald Trump's tax returns from a House committee that subpoenaed them. The House Ways and Means Committee subpoenaed six years of Trump's tax returns in May, but the Treasury...

Serb leader urges Trump to bring Kosovo back to negotiating

Jun. 14, 2019 12:43 PM EDT

BELGRADE, Serbia (AP) — Serbia's leader hailed Donald Trump's unorthodox ways of dealing with political problems, urging the U.S. president on Friday to put pressure on Kosovo to return to negotiations amid a months-long deadlock in the talks between the wartime foes. European Union-mediated status talks...

Businesses showing discontent with Trump's trade policies

Jun. 12, 2019 1:45 PM EDT

WASHINGTON (AP) — President Donald Trump's aggressive and wildly unpredictable use of tariffs is spooking American business groups, which have long formed a potent force in his Republican Party. Corporate America was blindsided last week when Trump threatened to impose crippling taxes on Mexican imports in...

Rep. Omar filed joint tax returns before she married husband

Jun. 12, 2019 1:16 PM EDT

MINNEAPOLIS (AP) — Minnesota campaign finance officials said last week that Democratic U.S. Rep. Ilhan Omar misused campaign funds in violation of state rules. They also revealed that she had filed joint tax returns with her husband years before they were legally married and at a time when she was married...

France pledges to reform economy, boost competitiveness

Jun. 12, 2019 12:29 PM EDT

PARIS (AP) — France's prime minister said Wednesday that the government of President Emmanuel Macron plans to keep reforming the economy to boost its competitiveness, with changes to unemployment benefits and the pension system and plans to help out middle-class workers with tax cuts. Addressing the lower...