Latest National taxes News

N.C. bond packages resurface after veto crumbled cash plan

May. 27, 2020 2:43 AM EDT

RALEIGH, N.C. (AP) — Borrowing money to pay for North Carolina university and school buildings, roads and other projects is getting attention again at the General Assembly after a pay-as-you-go construction expansion plan crumbled last year beneath a veto. Republican House Speaker Tim Moore and other...

Pennsylvania preps short-term budget amid virus uncertainty

May. 26, 2020 8:53 PM EDT

HARRISBURG, Pa. (AP) — Pennsylvania state government began advancing a temporary, no-new-taxes budget plan Tuesday that maintains current spending levels while budget makers watch to see how badly coronavirus-related shutdowns damage tax collections and whether the federal government sends another aid...

Walmart Mexico pays Mexico about $359 million in back taxes

May. 25, 2020 10:34 PM EDT

MEXICO CITY (AP) — Walmart de Mexico said Monday it has paid the Mexican government the equivalent of about $359 million in taxes for its 2014 sale of a restaurant chain known as VIP’s after tax authorities demanded it. The payment appears to mark a victory for President Andrés Manuel...

County investigates tax collector for wrongly waiving fees

May. 25, 2020 3:30 PM EDT

VALDOSTA, Ga. (AP) — A south Georgia tax collector has been waiving penalties and interest for some residents and not others, even though county commissioners had told him to stop. The Valdosta Daily Times reports Lowndes County Tax Commissioner Rodney Cain waived almost $3 million in penalties and...

FILE - In this Sept. 19, 2017, file photo, a person cycles past tents set up along a pathway in Portland, Ore. A measure to tax the incomes of the wealthiest residents and the profits of the biggest businesses to raise $2.5 billion over a decade to address the homeless crisis sailed to victory in the Portland, Oregon metropolitan region even as the state faces crippling revenue losses and record-high unemployment. Nearly 60% of voters in the three counties that make up the greater Portland region approved the tax amid a greatest economic turmoil in years, a sign of just how intractable the homeless problem has become in the liberal Pacific Northwest city. (AP Photo/Ted S. Warren, File)

Portland, Oregon, homeless tax wins handily amid virus woes

May. 20, 2020 3:13 PM EDT

PORTLAND, Ore. (AP) — A measure to tax the wealthiest residents and the biggest businesses in Portland, Oregon, to raise $2.5 billion over a decade to address homelessness sailed to victory as final ballots were tallied Wednesday, even as the state faces crippling revenue losses and record-high...

Dutch government asks prosecutors to probe tax office

May. 19, 2020 9:12 AM EDT

THE HAGUE, Netherlands (AP) — The Dutch government reported its own taxation office to public prosecutors on Tuesday, seeking an investigation into possible discrimination in a long-running scandal centered on civil servants trying to track down parents fraudulently claiming child care benefits. The case...

Actor and activist Sean Penn addresses workers with the CORE disaster relief organization he started before the opening of the new drive-thru testing site at Dr. Jorge Prieto Math and Science Academy on the Northwest Side, Monday morning, May 18, 2020.  (Ashlee Rezin Garcia/Chicago Sun-Times via AP)

GOP: Graduated tax 'cash grab' will stifle pandemic recovery

May. 18, 2020 6:29 PM EDT

SPRINGFIELD, Ill. (AP) — Illinois Republicans on Monday demanded that the General Assembly vote on removing from the fall ballot Gov. J.B. Pritzker's proposed graduated income tax structure, saying the state's pandemic-pillaged economy can't sustain higher taxes. House Minority Leader Jim Durkin and Senate...

Editorial Roundup:

May. 18, 2020 10:00 AM EDT

The Detroit News. May 16, 2020. Use relief funds for recovery alone As the federal government spends astronomical sums to combat the effect of economic slowdowns due to the pandemic, Congress needs to make sure that these funds are targeted as narrowly as possible. House Democrats have presented their latest...

FILE - In this Aug. 16, 2019 file photo, Puerto Rico Gov. Wanda Vazquez speaks during an interview with the Associated Press at the official residence La Fortaleza, in San Juan, Puerto Rico. Vazquez announced on Saturday, May 16, 2020, that she will hold a non-binding referendum in November to decide whether Puerto Rico should become a U.S. state. (AP Photo/Dennis M. Rivera Pichardo, File)

Puerto Rico to hold statehood referendum amid disillusion

May. 16, 2020 2:24 PM EDT

SAN JUAN, Puerto Rico (AP) — Gov. Wanda Vázquez announced on Saturday that she will hold a nonbinding referendum in November to decide whether Puerto Rico should become a U.S. state, a move that comes amid growing disillusion with the island’s U.S. territorial status. For the first time in the...

FILE - In this Sept. 18, 2017, file photo, two people sleep on a street in downtown Portland, Ore. Voters in metropolitan Portland will be asked Tuesday, May 19, 2020 to approve taxes on personal income and business profits that would raise $2.5 billion over a decade to fight homelessness even as Oregon grapples with the coronavirus pandemic and its worst recession in decades. (AP Photo/Ted S. Warren, File)

Portland, Oregon, homeless tax tests voter mood in pandemic

May. 15, 2020 4:47 PM EDT

PORTLAND, Ore. (AP) — Voters in metropolitan Portland, Oregon, will be asked Tuesday to approve taxes on personal income and business profits that would raise $2.5 billion over a decade to fight homelessness even as the state grapples with the coronavirus and its worst recession in years. The ballot...