Latest Corporate taxes News

Business owner pleads not guilty in sales tax case

Nov. 13, 2019 11:55 AM EST

SPENCER, Iowa (AP) — A northwest Iowa man has pleaded not guilty to allegations that he didn’t pay the state more than $89,000 in sales taxes generated by his businesses. The Sioux City Journal reports that 36-year-old Christopher Burg, of Spencer, entered the written pleas Tuesday in Clay County...

Governor vetoes teacher pay bills, seeks higher raises

Nov. 8, 2019 1:40 PM EST

RALEIGH, N.C. (AP) — North Carolina's governor vetoed bills that increase teacher pay, describing the increases as "paltry" and asking Republican legislators to work with him for higher salaries for teachers. The state shouldn't accept the inadequate raises approved last week by the GOP-controlled...

US productivity falls for first time in nearly 4 years

Nov. 6, 2019 12:57 PM EST

WASHINGTON (AP) — American workers were less efficient in the July-September quarter, pushing down productivity for the first time since late 2015. With economic growth slowing, in part because the stimulus from Trump administration tax cuts is fading, many economists worry that worker productivity will...

Trucking company owner jailed for evading $2.3M in taxes

Nov. 6, 2019 8:45 AM EST

TRENTON, N.J. (AP) — A man who evaded more than $2.3 million in personal and corporate income taxes is now headed to prison. Tito Viteri received a two-year sentence Tuesday. The 41-year-old Upper Freehold resident had pleaded guilty to tax evasion. Federal prosecutors say Viteri owned and operated several...

Chile backs away from tax breaks on the rich amid protests

Nov. 2, 2019 12:51 AM EDT

SANTIAGO, Chile (AP) — Chile's government said on Friday that it is backing away from a plan to cut corporate taxes following two weeks of protests fed by anger of inequality. Tens of thousands were demonstrating again Friday in the capital, continuing protests that have shaken the country and forced the...

Taxpayers face $6.5M tab for tax break investigation

Oct. 28, 2019 5:22 PM EDT

TRENTON, N.J. (AP) — Gov. Phil Murphy's investigation into corporate tax breaks has so far cost New Jersey taxpayers $6.5 million, according to invoices obtained by The Associated Press through an open records request. Murphy, a Democrat, set up a task force early this year after separate state auditor and...

Former dental practice owner pleads guilty to tax fraud

Oct. 24, 2019 11:14 AM EDT

DULUTH, Minn. (AP) — The former owner of a Duluth dental practice in Duluth has pleaded guilty to tax fraud. The U.S. Attorney's Office says Gary Hedin failed to file required tax returns and pay employment taxes for the tax years 2012 through 2017 and owes nearly $160,000 in unpaid taxes to the IRS. The...

Pennsylvania expanding tax to more out-of-state corporations

Oct. 15, 2019 11:34 AM EDT

HARRISBURG, Pa. (AP) — Pennsylvania will start collecting corporate income taxes from companies that don't have offices, employees or property in the state, making it one of the last states to target such companies. Pennsylvania announced the change starting in the 2020 tax year through a tax bulletin...

Kansas to give corporations more time to file income taxes

Oct. 8, 2019 10:56 AM EDT

TOPEKA, Kan. (AP) — Kansas is giving about 300 corporations an extra 30 days to file their state income tax returns because of the complexity of federal income tax changes enacted at the end of 2017. The state Department of Revenue announced Tuesday that it will allow corporations to file their tax returns...

Louisiana economist: Trump tax changes driving $500M surplus

Sep. 25, 2019 6:21 PM EDT

BATON ROUGE, La. (AP) — Louisiana's $500 million budget surplus stems mainly from federal tax changes, the Legislature's chief economist said Wednesday, contradicting suggestions from Gov. John Bel Edwards' administration that a booming economy has swollen tax collections. Greg Albrecht, with the...