Latest National taxes News

Regulators order 3rd round of gas credits for DTE customers

Aug. 20, 2019 10:37 PM EDT

LANSING, Mich. (AP) — State regulators have ordered another credit for natural gas customers of DTE Energy, the result of changes in federal tax law. The Public Service Commission says a residential gas customer who uses 10,000 cubic feet of natural gas a month will receive a 58-cent monthly credit on...

South Dakota cities to lose millions in internet service tax

Aug. 19, 2019 7:35 PM EDT

RAPID CITY, S.D. (AP) — Rapid City is expected to lose more than $2 million in state funding over the next two years following the congressional repeal of South Dakota's tax on internet service. The 2016 Permanent Internet Tax Freedom Act, which required South Dakota to stop taxing internet services by...

Palestinian leader fires advisers, wants bonuses returned

Aug. 19, 2019 12:35 PM EDT

RAMALLAH, West Bank (AP) — Palestinian President Mahmoud Abbas on Monday laid off all of his advisers and ordered a former prime minister and other ex-Cabinet ministers to return tens of thousands of dollars from a pay raise he had secretly approved. Palestinian officials said the decisions, announced in...

Hong Kong cuts taxes to shore up economy amid protests

Aug. 16, 2019 12:07 AM EDT

HONG KONG (AP) — Hong Kong's government announced tax cuts and higher social spending Thursday to reverse a deepening economic slump aggravated by anti-government protests and the U.S.-Chinese tariff war. The territory's financial secretary, Paul Chan, cut this year's official growth forecast to 0 to 1%,...

Records: Land taxes went unpaid by Rep. Meadows' business

Aug. 15, 2019 5:46 PM EDT

RALEIGH, N.C. (AP) — Thousands of dollars in property taxes on land owned by Republican U.S. Rep. Mark Meadows' business went unpaid because the western North Carolina congressman says he didn't know about the bills. The News & Observer of Raleigh reports the Bertie County tax office began recording...

'Chrisley Knows Best' couple plead not guilty to charges

Aug. 14, 2019 4:43 PM EDT

ATLANTA (AP) — Reality television stars Todd and Julie Chrisley pleaded not guilty Wednesday to tax evasion and other federal charges that their lawyers said stemmed from false allegations made by a former employee. The "Chrisley Knows Best" stars entered the pleas during their initial court appearance...

German economy shrinks, casting shadow over European growth

Aug. 14, 2019 10:30 AM EDT

FRANKFURT, Germany (AP) — Germany's economy shrank by 0.1 percent in the second quarter as global trade conflicts and troubles in the auto industry held back the largest member of the 19-country euro currency union. The weak performance darkened prospects for the entire eurozone, where the European Central...

Trump delays tariffs on some Chinese goods until December

Aug. 13, 2019 6:57 PM EDT

WASHINGTON (AP) — Responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying most of the import taxes it planned to impose on Chinese goods and is dropping others altogether. The announcement Tuesday from the Office of the...

Panel delays collecting debt from sports gambling winnings

Aug. 12, 2019 6:09 PM EDT

DES MOINES, Iowa (AP) — A legislative panel voted Monday to delay a portion of the new Iowa sports gambling rules that would allow the state to collect some the winnings of gamblers who owe child support, back taxes or criminal debt. The Iowa Administrative Rules Review Committee approved a request by some...

US budget deficit grows 27% through July

Aug. 12, 2019 2:02 PM EDT

WASHINGTON (AP) — The U.S. government's budget deficit rose by $183 billion to $867 billion during the first 10 months of this budget year as spending grew more than twice as fast as tax collections. The Treasury Department say the deficit for the current fiscal year through July is up 27% from the same...