Latest National taxes News

Ex-CEO sentenced to 7 years for visa fraud scheme

Sep. 20, 2019 6:49 PM EDT

SEATTLE (AP) — The former CEO of two Bellevue tech firms has been sentenced to more than seven years in federal prison for a sophisticated visa fraud scheme that cheated workers out of their wages and cheated the government out of over $1 million in taxes. KOMO reports that 50-year-old Pradyumna Kumar...

India cuts corporate taxes to counter slowing growth

Sep. 20, 2019 3:53 AM EDT

NEW DELHI (AP) — The Indian government on Friday announced a slew of concessions aimed at boosting the economy that will reduce most corporate taxes for local companies to about 25% from 30%. Finance Minister Nirmala Sitharaman said the lower tax rates will retroactively apply from April 1, the beginning...

AP FACT CHECK: Trump team distortions on fuel economy rules

Sep. 19, 2019 8:55 PM EDT

WASHINGTON (AP) — President Donald Trump and his team are distorting the facts in explaining the administration's decision to stop California from setting its own emission standards for cars and trucks. The move announced this week revokes California's authority to set auto mileage standards stricter than...

Trump scores a victory in bicoastal battle over tax returns

Sep. 19, 2019 7:21 PM EDT

SACRAMENTO, Calif. (AP) — President Donald Trump's efforts to keep his tax returns private played out on both coasts Thursday, with a California judge handing him an initial victory and his lawyers in New York City arguing that federal prosecutors there are trying "to harass" him by seeking the...

New Mexico clears backlog of tax rebates to film industry

Sep. 19, 2019 5:00 PM EDT

SANTA FE, N.M. (AP) — New Mexico cleared its backlog of pledged tax rebates to film and video production companies by reimbursing about $30 million of in-state spending, state taxation officials announced Thursday. The state paid out $100 million in backlogged credits in June. September payments of just...

U.S. judge sides with Trump request to halt California law aimed at forcing the president to release his tax returns

Sep. 19, 2019 4:40 PM EDT
SACRAMENTO, Calif. (AP) — U.S. judge sides with Trump request to halt California law aimed at forcing the president to release his tax returns.

Trump sues Manhattan DA seeking to block tax return subpoena

Sep. 19, 2019 3:49 PM EDT

NEW YORK (AP) — President Donald Trump asked a federal court Thursday to block an effort by New York prosecutors to obtain his tax returns as part of a criminal investigation, opening another front in the president's efforts to keep his financial information private. Trump's attorneys filed a lawsuit...

Editorials from around Oregon

Sep. 18, 2019 10:55 AM EDT

Selected editorials from Oregon newspapers: ___ The Medford Mail Tribune, Sept. 18, on federal financial support: Rural counties in Western states have fought for years to receive reasonable compensation for the vast swaths of federal land within their borders. Members of Congress spend considerable time...

Bangladesh's leading cellphone companies in legal tussle

Sep. 18, 2019 10:03 AM EDT

DHAKA, Bangladesh (AP) — Bangladesh's two leading cellphone companies are negotiating with a regulator over claims of about $1.5 billion in unpaid taxes as they face a possible loss of their licenses amid a legal battle that could hurt investor confidence. The Bangladesh Telecommunication Regulatory...

Dutch government to reform business tax rules

Sep. 17, 2019 10:22 AM EDT

THE HAGUE, Netherlands (AP) — The Dutch government said Tuesday it plans to reform a business tax rule that allows wealthy multinationals to reduce the amount of tax they pay on their profits. The government said the plan, which has to be passed by parliament, will generate 265 million euros ($292 million)...