Latest Corporate taxes News

With accounts flush, budget talks come down to schools aid

Jun. 24, 2022 15:10 PM EDT

HARRISBURG, Pa. (AP) — With a week to go until the state's budget deadline, Gov. Tom Wolf and leaders of the Republican-controlled Legislature are working through their remaining differences as they try to produce an agreement on a roughly $42 billion budget plan that they say will marshal...

Man gets more than 3 years in prison for $13M COVID-19 fraud

Jun. 17, 2022 15:48 PM EDT

BOSTON (AP) — A Massachusetts businessman convicted of fraudulently seeking more than $13 million in federal coronavirus pandemic relief loans has been sentenced to more than three years in prison. Elijah Majak Buoi, 40, of Winchester, was also sentenced to three years of...

McDonald's to pay France $1.3 billion in tax fraud case

Jun. 16, 2022 09:27 AM EDT

PARIS (AP) — McDonald’s France and related companies have agreed to pay over 1.2 billion euros ($1.3 billion) to the French state to settle a case in which the fast-food giant was accused of years of tax evasion. A Paris court approved the settlement Thursday, the French national...

Pennsylvania Senate pushes plans to cut corporate taxes

Jun. 15, 2022 15:36 PM EDT

HARRISBURG, Pa. (AP) — Pennsylvania's Senate approved two competing plans Wednesday to slash the state's corporate net income tax rate, although Democrats warned the bills are premature because there is no agreement with Gov. Tom Wolf. The bills passed on a nearly party-line basis,...

Biden focuses on workers as high inflation remains a risk

Jun. 14, 2022 17:53 PM EDT

PHILADELPHIA (AP) — President Joe Biden told the largest federation of labor unions on Tuesday that he's working to rebuild the U.S. economy around workers, an attempt to draw a contrast with Republicans who have increasingly attracted blue-collar votes. “We should encourage...

Todd and Julie Chrisley found guilty on federal charges

Jun. 07, 2022 20:13 PM EDT

ATLANTA (AP) — Todd and Julie Chrisley, stars of the reality television show “Chrisley Knows Best,” were found guilty Tuesday in Atlanta on federal charges including bank fraud and tax evasion. The Chrisleys were initially indicted in August 2019 and a new indictment was filed...

Virginia man pleads guilty to failing to pay $1.3M in taxes

May. 27, 2022 07:53 AM EDT

RICHMOND, Va. (AP) — A Virginia man pleaded guilty Thursday to charges that he failed to pay $1.3 million in taxes to the IRS by withholding payroll taxes from three different companies owned by his family, a federal prosecutor said. U.S. Attorney Jessica Aber said in a news...

A Bezos-Biden squabble: Can corporate taxes tame inflation?

May. 16, 2022 16:05 PM EDT

WASHINGTON (AP) — Jeff Bezos this weekend became the latest centibillionaire to launch a political fight on Twitter by denouncing a tweet from President Joe Biden about corporate taxes as “disinformation” and "misdirection." The White House quickly retorted Monday that Bezos...

'Chrisley Knows Best' stars to stand trial in Atlanta

May. 14, 2022 10:28 AM EDT

ATLANTA (AP) — A federal trial for reality television stars Todd and Julie Chrisley on charges including bank fraud and tax evasion is set to start Monday in Atlanta. The trial is getting underway just days after E! announced that it is moving forward with a new dating series,...

Former Indiana casino executive pleads guilty to tax fraud

Apr. 18, 2022 14:23 PM EDT

INDIANAPOLIS (AP) — A former Indiana casino executive pleaded guilty Monday to one count of filing a false tax return in a scheme to funnel cash to a political action committee associated with the Marion County Republican Party. John Keeler's guilty plea came just one hour before...