Latest Corporate taxes News

Trump CFO's lawyer says he suspects more indictments on way

Sep. 20, 2021 11:26 AM EDT

NEW YORK (AP) — A lawyer for Donald Trump’s indicted corporate finance chief told a judge Monday he has “strong reason to believe” more indictments are coming in an ongoing New York investigation into the former president’s real estate empire. Lawyer Bryan...

Democrats seek corporate, wealthy tax hikes for $3.5T plan

Sep. 14, 2021 00:30 AM EDT

WASHINGTON (AP) — House Democrats unveiled a sweeping proposal for tax hikes on big corporations and the wealthy to fund President Joe Biden's $3.5 trillion rebuilding plan, as Congress speeds ahead to shape the far-reaching package that touches almost all aspects of domestic life. ...

Democrats seek corporate, wealthy tax hikes for $3.5T plan

Sep. 13, 2021 17:40 PM EDT

WASHINGTON (AP) — House Democrats unveiled a sweeping proposal Monday for tax hikes on big corporations and the wealthy to fund President Joe Biden's $3.5 trillion rebuilding plan, as Congress speeds ahead to shape the far-reaching package that touches almost all aspects of domestic life....

Manchin favors trimming Biden budget plan by more than half

Sep. 12, 2021 14:54 PM EDT

WASHINGTON (AP) — A Democratic senator vital to the fate of President Joe Biden’s $3.5 trillion plan for social and environmental spending said Sunday he won’t support even half that amount or the ambitious timetable envisioned for passing it. The stand by Sen. Joe...

White House, Democrats tangle over Biden bid to raise taxes

Sep. 11, 2021 08:44 AM EDT

WASHINGTON (AP) — President Joe Biden has a simple message for fellow Democrats about his plan to raise taxes to remake large swaths of the American economy: look beyond the bottom line. Biden is trying to persuade Democrats to embrace a more emotional argument, namely...

France's Macron pushes global tax deal on visit to Ireland

Aug. 26, 2021 14:22 PM EDT

LONDON (AP) — French President Emmanuel Macron held talks with top Irish officials in Dublin Thursday, focusing on a major overhaul of taxes on the world’s biggest multinational companies. During the one-day state visit — his first to Ireland — Macron met with...

NC House gives initial approval to budget bill

Aug. 11, 2021 21:18 PM EDT

RALEIGH, N.C. (AP) — The North Carolina House gave initial approval late Wednesday to a two-year budget, after Republicans who wrote the legislation touted its teacher pay hikes, income tax provisions and massive infrastructure spending spree. The chamber voted 72-41...

More red ink: US budget deficit through July hit $2.54T

Aug. 11, 2021 15:55 PM EDT

WASHINGTON (AP) — The U.S. budget deficit hit $2.54 trillion for the first 10 months of this budget year, fed by spending to support the country after the pandemic-induced recession. The figures keep the deficit on track to be second largest annual shortfall in U.S....

Ex-NYC Council member gets 3 months in prison for tax crime

Jul. 29, 2021 19:29 PM EDT

NEW YORK (AP) — A former New York City Council member was sentenced Thursday to three months in prison after pleading guilty to charges that he evaded $82,000 in taxes. Chaim Deutsch, 52, a Brooklyn Democrat, was sentenced by U.S. Magistrate Judge James L. Cott in...

Jurors convict former Georgia insurance chief in $2.5M fraud

Jul. 22, 2021 20:50 PM EDT

ATLANTA (AP) — It took less than two hours Thursday for jurors to decide that Georgia's suspended insurance commissioner was indeed a “fraudster” and not an innovator, as they convicted Jim Beck on 37 criminal counts relating to more than $2.5 million he embezzled from his former...