Latest Tax reform News

FILE - In this Wednesday, Oct. 23, 2019 file photo, Facebook CEO Mark Zuckerberg testifies before a House Financial Services Committee hearing on Capitol Hill in Washington on Facebook's impact on the financial services and housing sectors. Facebook CEO Mark Zuckerberg plans to throw his support behind international reforms that would require Silicon Valley tech giants to pay more tax in Europe. (AP Photo/Andrew Harnik, File)

Zuckerberg accepts that Facebook may have to pay more tax

Feb. 14, 2020 8:35 AM EST

LONDON (AP) — Facebook CEO Mark Zuckerberg plans to throw his support behind international reforms that would require Silicon Valley tech giants to pay more tax in Europe. The billionaire social network founder is due to meet members of the European Union's executive Commission in Brussels and speak at the...

Kansas House Taxation Committee Chairman Steven Johnson, R-Assaria, front left, confers with Rep. Jene Vickrey, R-Louisburg, during the House's session Monday, Feb. 3, 2020, at the Statehouse in Topeka, Kan. Johnson said continued monthly surpluses in state tax collections make the case for cutting income taxes more compelling. (AP Photo/John Hanna)

Rising Kansas revenues fuel GOP anger over lack of tax cuts

Feb. 3, 2020 5:48 PM EST

TOPEKA, Kan. (AP) — Kansas has collected more tax revenue than expected almost every month for more than two years, and Republicans are growing increasingly angry that Democratic Gov. Laura Kelly still insists that the state can't afford income tax cuts favored by the GOP-controlled Legislature. The state...

French Finance Minister Bruno Le Maire, left, and European Trade Commissioner Phil Hogan attend a media conference after their meeting in Paris, Tuesday, Jan. 7, 2020. The talks are focused on U.S. tariffs on French wine and other goods. (AP Photo/Michel Euler)

US-French tax truce a respite in tense relations with EU

Jan. 22, 2020 1:06 PM EST

DAVOS, Switzerland (AP) — France will delay its tax on big tech firms like Google and Facebook in exchange for the United States's promise to hold off retaliatory tariffs — a potential sign of goodwill in the U.S. and European Union's increasingly tense relations over trade. After U.S. President...

Spain's caretaker Prime Minister Pedro Sanchez, right and Podemos party leader Pablo Iglesias clasp hands after signing an agreement between the two parties in the Spanish parliament in Madrid, Spain, Monday, Dec. 30, 2019. Sanchez hopes to form center-left governing alliance to take office in the country in the coming days. (AP Photo/Paul White)

Spain: Socialists pin future government on Catalan's release

Dec. 30, 2019 1:08 PM EST

MADRID (AP) — Two left-wing parties striving to form Spain's first coalition government in decades joined forces Monday announcing plans to hike taxes on the rich and boost social spending if they take office with the key acquiescence of a Catalan pro-independence party. But the final go-ahead to a...

Italy's premier Giuseppe Conte speaks during his year-end press conference at Villa Madama, in Rome, Saturday, Dec. 28, 2019. Conte insists his squabbling coalition will last three more years, even after a minister recently quit in protest. (Giuseppe Lami/ANSA via AP)

Italy's premier: Squabbling coalition will last 3 more years

Dec. 28, 2019 10:58 AM EST

ROME (AP) — Italy's premier insisted Saturday his squabbling coalition will last three more years, even after a minister quit in protest and despite nervousness over a regional election that could help the popularity of right-wing forces. Premier Giuseppe Conte brushed off concerns that his government,...

FILE - In this Nov. 9, 2016 file photo, North Carolina Gov. Pat McCrory speaks to supporters as his wife Ann McCrory listens at an election rally in Raleigh, N.C.  McCrory announced Thursday, Dec. 19, 2019,  that he won't try to recapture his old office in 2020, but will continue to consider a U.S. Senate bid in 2022. (AP Photo/Chuck Burton, File)

McCrory won't run for NC governor; will consider Senate bid

Dec. 19, 2019 10:47 AM EST

RALEIGH, N.C. (AP) — Former North Carolina Gov. Pat McCrory announced Thursday that he won't try to recapture his old office in 2020, but will continue to consider a U.S. Senate bid in 2022. The Republican revealed his decision on his morning radio program in Charlotte, where he served as mayor for a...