Latest National taxes News

Baltimore ex-mayor enters guilty pleas in fraud case

Nov. 21, 2019 7:48 PM EST

BALTIMORE (AP) — The disgraced former mayor of Baltimore pleaded guilty Thursday to federal conspiracy and tax evasion charges involving sales of her self-published children's books, a case that exposed anew the depths of corruption in Maryland’s largest city. Catherine Pugh pleaded guilty in...

House urges court to lift hold on subpoena for Trump records

Nov. 21, 2019 7:32 PM EST

WASHINGTON (AP) — House Democrats and Manhattan’s top prosecutor told the Supreme Court Thursday that President Donald Trump’s arguments to shield his tax returns and financial records are weak, and not deserving of the justices’ intervention. The Democrats said they should be allowed...

Auditor: Iowa budget healthy but concerns on the horizon

Nov. 21, 2019 3:59 PM EST

DES MOINES, Iowa (AP) — Iowa’s auditor says the state budget is in good shape with surpluses but that beneficial federal tax policies will end in a few years, potentially causing problems. In his annual review of the state budget, Auditor Rob Sand said Thursday that federal tax changes made in 2017...

Divided US House committee backs pot decriminalization

Nov. 20, 2019 7:21 PM EST

LOS ANGELES (AP) — A divided U.S. House committee approved a proposal Wednesday to decriminalize and tax marijuana at the federal level, a vote that was alternately described as a momentous turning point in national cannabis policy or a hollow political gesture. The House Judiciary Committee approved the...

Japan exports, imports weaken amid trade tensions, tax hike

Nov. 19, 2019 11:50 PM EST

TOKYO (AP) — Japan’s exports fell 9.2% in October from the year before, the biggest drop in three years as the U.S.-China trade war and tensions with South Korea bit into demand. The tariff war between the U.S. and China has taken a toll across Asia, hurting manufacturers and supply chains. Imports...

German authorities search homes, offices in tax fraud probe

Nov. 19, 2019 6:08 AM EST

BERLIN (AP) — German authorities have raided the homes and offices of six businesspeople and bankers as part of an investigation into a massive tax fraud scheme. Hesse state prosecutors said Tuesday in addition to 12 searches in Hesse and Bavaria, an apartment was searched in the Netherlands. The suspects,...

Norcross defends tax breaks at hearing where critic removed

Nov. 18, 2019 9:16 PM EST

TRENTON, N.J. (AP) — One of New Jersey’s most influential Democratic powerbrokers disputed corruption allegations at a legislative hearing Monday where a woman organizing protests against him was dragged from the room by state police. George Norcross is an executive at insurance broker Conner Strong...

Chief justice orders delay in House fight for Trump records

Nov. 18, 2019 5:26 PM EST

WASHINGTON (AP) — Chief Justice John Roberts is ordering an indefinite delay in the House of Representatives’ demand for President Donald Trump’s financial records to give the Supreme Court time to figure out how to handle the high-stakes dispute. Roberts’ order Monday contains no hint...

Editorials from around Ohio

Nov. 18, 2019 3:37 PM EST

Recent editorials of statewide and national interest from Ohio newspapers: It’s past time to put country first Akron Beacon Journal Nov. 17 How did America get here? This fractured place where facts matter less and less, and neighbors can’t even share how they really feel. How did we become a nation...

Czechs to impose 7% tax on global internet giants

Nov. 18, 2019 10:53 AM EST

PRAGUE (AP) — The Czech government has approved a plan to adopt a tax on internet giants like Google, Amazon, Facebook and Apple. Joining France and some other countries, the measure would impose a 7% annual tax on companies’ digital business revenues in the Czech Republic. It would apply to...