Latest National taxes News

Chief justice orders delay in House fight for Trump records

Nov. 18, 2019 1:31 PM EST

WASHINGTON (AP) — Chief Justice John Roberts is ordering an indefinite delay in the House of Representatives’ demand for President Donald Trump’s financial records to give the Supreme Court time to figure out how to handle the high-stakes dispute. Roberts’ order Monday contains no hint...

Czechs to impose 7% tax on global internet giants

Nov. 18, 2019 10:53 AM EST

PRAGUE (AP) — The Czech government has approved a plan to adopt a tax on internet giants like Google, Amazon, Facebook and Apple. Joining France and some other countries, the measure would impose a 7% annual tax on companies’ digital business revenues in the Czech Republic. It would apply to...

NRA tax filing: Embattled CEO earned about $2 mil last year

Nov. 15, 2019 8:42 PM EST

The National Rifle Association’s embattled top executive earned about $2 million last year at a time when the gun rights lobby is beating back challenges from regulators, longtime members and gun control groups, according to tax filings cited in media reports. The tax filings come as the NRA faces...

Trump asks justices for temporary block of House subpoena

Nov. 15, 2019 3:09 PM EST

WASHINGTON (AP) — President Donald Trump wants the Supreme Court to keep House Democrats from getting his financial records at least until the justices resolve a broader fight over efforts to subpoena a sitting president’s records. Trump filed an emergency appeal with the court Friday in a case from...

Trump wants Supreme Court to block subpoena for his taxes

Nov. 14, 2019 5:46 PM EST

WASHINGTON (AP) — President Donald Trump is asking the Supreme Court to block a subpoena for his tax returns, in a test of the president’s ability to defy investigations. The filing Thursday sets the stage for a high court showdown over the tax returns Trump has refused to release, unlike every...

Japan’s economy slows, logging 0.2% annual expansion in 3Q

Nov. 13, 2019 11:44 PM EST

TOKYO (AP) — Japan’s economy grew at a modest annual pace of 0.2% in July-September, supported by consumer purchases ahead of a tax hike, the government said Thursday. It was the fourth straight quarter of expansion for the world’s third largest economy, but well below analysts’...

Walmart Inc. sues 32 Colorado counties to shrink tax bills

Nov. 13, 2019 5:52 PM EST

DURANGO, Colo. (AP) — The parent company of Walmart has sued dozens of counties in Colorado in a bid to reduce its tax bills. The Durango Herald reports that county assessors are tasked with taking inventory of businesses’ assets and determining the items’ value. Authorities say Walmart...

Judge dismisses Trump lawsuit against NY over tax returns

Nov. 11, 2019 3:46 PM EST

WASHINGTON (AP) — A federal judge on Monday dismissed President Donald Trump's lawsuit against New York officials that was aimed at preventing the release of his tax returns. Judge Carl Nichols handed down a 19-page ruling, finding the U.S. District Court in Washington, D.C., does not have jurisdiction to...

McConnell: Bevin 'had a good 4 years,' but likely lost

Nov. 11, 2019 2:38 PM EST

GHENT, Ky. (AP) — Senate Majority Leader Mitch McConnell says Kentucky Gov. Matt Bevin "had a good four years," but he says a review of Bevin's narrow reelection defeat is unlikely to change the outcome. Bevin trailed Democrat Andy Beshear by about 5,000 votes in the Nov. 5 election. A re-canvass of votes...

Trump lawyers to ask high court to hear tax case by Thursday

Nov. 8, 2019 5:47 PM EST

NEW YORK (AP) — Lawyers for President Donald Trump say they'll ask the U.S. Supreme Court by Thursday to hear an appeal of rulings saying New York state prosecutors can obtain his tax records. Lawyers for Trump and the state prosecutor said in a letter to U.S. District Judge Victor Marrero Friday that they...