Latest National taxes News

McCaskill's husband invested in hedge fund tied to Caymans

Jun. 20, 2018 1:57 PM EDT

KANSAS CITY, Mo. (AP) — Four years after Democratic Sen. Claire McCaskill co-sponsored legislation targeting tax havens such as the Cayman Islands, her husband began investing in a hedge fund tied to the Caribbean nation — an investment that has paid off handsomely. The Kansas City Star reported...

EU to tax Harleys, bourbon and other US goods from Friday

Jun. 20, 2018 12:35 PM EDT

BRUSSELS (AP) — The European Union will start taxing a range of U.S. imports Friday, including quintessentially American goods like Harley-Davidson bikes and cranberries, in response to President Donald Trump's decision to slap tariffs on European steel and aluminum. The 28-nation EU's trade chief, Cecilia...

EU tells Luxembourg to recoup back taxes from French firm

Jun. 20, 2018 5:50 AM EDT

BRUSSELS (AP) — The European Union's state aid watchdog is ordering Luxembourg to recover 120 million euros ($139 million) in unpaid taxes from French electricity provider Engie. The watchdog, the European Commission, said Wednesday that Luxembourg allowed two Engie group companies to avoid paying taxes on...

Asian stocks take breather from trade tension; markets mixed

Jun. 19, 2018 11:26 PM EDT

SINGAPORE (AP) — Asian markets were mixed on Wednesday as traders sidelined tariffs that the U.S. and China have threatened to impose on one another, focusing on positive housing data instead. KEEPING SCORE: Japan's benchmark Nikkei 225 index rose less than 0.1 percent to 22,287.42 and South Korea's Kospi...

Jordan PM promises cuts in government spending, tax review

Jun. 19, 2018 12:41 PM EDT

AMMAN, Jordan (AP) — Jordan's new prime minister says his government will cut spending by 150 million dinars ($211 million) this year to show that raising taxes isn't the only available response to rising public debt. Omar Razzaz spoke at a packed news conference Tuesday, his first since replacing an...

Court blocks 'millionaire tax' question from state ballot

Jun. 18, 2018 4:11 PM EDT

BOSTON (AP) — Massachusetts' highest court on Monday struck down a proposed "millionaire tax" ballot question, blocking it from going before state voters in November and ending advocates' hopes for generating some $2 billion in additional revenue for education and transportation. The Supreme Judicial...

The Latest: Group in support of tax disappointed by ruling

Jun. 18, 2018 11:19 AM EDT

BOSTON (AP) — The Latest on the decision by the Massachusetts high court to block a proposed "millionaire tax" (all times local): 11:15 a.m. A citizens group that collected more than 150,000 signatures in support of a so-called "millionaire tax" in Massachusetts says it is "incredibly disappointed" that...

3 money tasks you shouldn't tackle on your own

Jun. 18, 2018 10:02 AM EDT

No one cares as much about your money as you do, but never asking for help can be dangerous — and expensive. In a previous column , I detailed the hazards of trying to do your own estate plan and how problems often aren't apparent until it's too late to fix them. The following financial tasks also are more...

Spanish king's brother-in-law begins prison term for graft

Jun. 18, 2018 4:40 AM EDT

MADRID (AP) — The brother-in-law of Spain's King Felipe VI has begun serving a nearly six-year sentence for fraud and tax evasion, Spanish prison authorities said Monday. An official with the Interior Ministry's prison management division said Inaki Urdangarin arrived Monday morning at a prison near Avila,...

China threatens tariffs on US lobsters as business booms

Jun. 15, 2018 10:43 PM EDT

PORTLAND, Maine (AP) — A set of retaliatory tariffs released by China on Friday includes a plan to tax American lobster exports, potentially jeopardizing one of the biggest markets for the premium seafood. Chinese officials announced the planned lobster tariff along with hundreds of other tariffs amid the...