Latest Corporate taxes News

Ex-Indiana mayor gets 21 months in prison for seeking bribe

Oct. 13, 2021 18:35 PM EDT

HAMMOND, Ind. (AP) — A former northwestern Indiana mayor who was found guilty of taking a $13,000 bribe from a trucking company and illegal tax evasion was sentenced Wednesday to 21 months in prison. A federal judge ordered the sentence against former Portage Mayor...

Editorial Roundup: West Virginia

Oct. 13, 2021 13:37 PM EDT

Charleston Gazette-Mail. Oct. 12, 2021. Editorial: Are Manchin’s latest concerns more about money? Sen. Joe Manchin, D-W.Va., is holding up the Biden administration’s $3.5 trillion budget reconciliation plan, along with Sen. Kyrsten Sinema,...

Correction: Global Minimum Tax-Explainer story

Oct. 11, 2021 17:35 PM EDT

FRANKFURT, Germany (AP) — In a story published October 9, 2021, about a global minimum corporate tax, The Associated Press erroneously reported that the tax would apply to companies with more than 750 billion euros ($864 billion) in revenue. The figures should have been 750 million euros...

More than 130 countries reach deal on corporate minimum tax

Oct. 11, 2021 17:25 PM EDT

FRANKFURT, Germany (AP) — More than 130 countries have agreed on sweeping changes to how big global companies are taxed, including a 15% minimum corporate rate designed to deter multinationals from stashing profits in low-tax countries. The deal announced Friday is an...

What Peace Prize says about freedom in Russia, Philippines

Oct. 08, 2021 12:53 PM EDT

MOSCOW (AP) — The Nobel Peace Prize sometimes recognizes groundbreaking efforts to resolve seemingly intractable conflicts, such as once-sworn enemies who sat down and brokered an end to war. In other years, the recipient is someone who promoted human rights at great personal cost. ...

Blinken rallies developed world to confront inequality

Oct. 05, 2021 10:58 AM EDT

PARIS (AP) — U.S. Secretary of State Antony Blinken called Tuesday on the world’s most developed countries to take on and counter widening gaps between the rich and poor. He told the Organization for Economic Cooperation and Development in Paris that the coronavirus...

Leaked records open a 'Pandora' box of financial secrets

Oct. 05, 2021 07:50 AM EDT

Hundreds of world leaders, powerful politicians, billionaires, celebrities, religious leaders and drug dealers have been hiding their investments in mansions, exclusive beachfront property, yachts and other assets for the past quarter-century, according to a review of nearly 12 million files...

California truck company owner pleads guilty in tank blast

Oct. 01, 2021 11:15 AM EDT

LOS ANGELES (AP) — The owner of several Southern California trucking companies pleaded guilty to five felony charges involving tax evasion, COVID-19 relief fraud and an illegal repair of a tanker that resulted in a fatal explosion, federal prosecutors said. Carl Bradley...

Yellen says infrastructure overhaul will US boost economy

Sep. 28, 2021 16:07 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen said Tuesday that President Joe Biden's spending proposals will address long-overdue U.S. infrastructure needs and prepare the country to meet future challenges. In remarks before the National Association for Business...

Zuma's trial postponed until October in South Africa

Sep. 22, 2021 11:43 AM EDT

JOHANNESBURG (AP) — The corruption trial of former South African President Jacob Zuma was postponed until Oct. 26 while the judge considers a plea from Zuma's lawyer that the prosecution team be dismissed from the case for being biased. Zuma wasn't present for the...