Latest National taxes News

Sajid Javid, Britain's Chancellor of the Exchequer, pictured during the 50th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Wednesday, Jan. 22, 2020.  (Gian Ehrenzeller/Keystone via AP)

High hopes: US, EU and UK all aim for trade deals this year

Jan. 23, 2020 10:36 AM EST

DAVOS, Switzerland (AP) — The United States, the European Union and what will soon be post-Brexit Britain have all raised the prospect of concluding trade deals between themselves by the end of this year, setting up an intense few months of negotiations. High-level representatives said Thursday at the...

FILE - This Friday, May 16, 2014, file photo, shows the General Motors logo at the company's world headquarters in Detroit. Michigan on Wednesday, Jan. 22, 2020, agreed to revise decade-long tax breaks for General Motors in exchange for the company's commitment to spend at least $3.5 billion more over 10 years, including to build electric pickup trucks in Detroit. (AP Photo/Paul Sancya, File)

GM to spend $3.5B in Michigan under revised tax credit deal

Jan. 22, 2020 3:23 PM EST

LANSING, Mich. (AP) — Michigan on Wednesday agreed to revise decade-long tax breaks for General Motors in exchange for the company's commitment to spend at least $3.5 billion more over 10 years, including to build electric pickup trucks in Detroit. Under the deal — the seventh amendment to the home...

U.S. President Donald Trump and Ivanka Trump, right, arrive at the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 22, 2020. The 50th annual meeting of the forum is taking place in Davos from Jan. 21 until Jan. 24, 2020. (AP Photo/Markus Schreiber)

The Latest: WTO chief says debate over trade rules will last

Jan. 22, 2020 1:31 PM EST

DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 7:25 p.m. The head of the World Trade Organization says an ongoing debate over special exemptions granted to China and India because they are still considered developing countries “is not going...

French Finance Minister Bruno Le Maire, left, and European Trade Commissioner Phil Hogan attend a media conference after their meeting in Paris, Tuesday, Jan. 7, 2020. The talks are focused on U.S. tariffs on French wine and other goods. (AP Photo/Michel Euler)

US-French tax truce a respite in tense relations with EU

Jan. 22, 2020 1:06 PM EST

DAVOS, Switzerland (AP) — France will delay its tax on big tech firms like Google and Facebook in exchange for the United States's promise to hold off retaliatory tariffs — a potential sign of goodwill in the U.S. and European Union's increasingly tense relations over trade. After U.S. President...

FILE - In this April 28, 2015, file photo, a man walks past a Microsoft sign set up for the Microsoft BUILD conference at Moscone Center in San Francisco. A federal judge says it's likely that Microsoft was trying to avoid or evade paying U.S. taxes and is ordering the company to hand over financial documents from more than a decade ago. (AP Photo/Jeff Chiu, File)

Judge orders Microsoft to release tax records in IRS dispute

Jan. 22, 2020 12:45 PM EST

SEATTLE (AP) — A federal judge says it's likely that Microsoft was trying to avoid or evade paying U.S. taxes and is ordering the company to hand over financial documents from more than a decade ago. The Internal Revenue Service has been seeking the documents as part of a long-running investigation into...

French finance minister says his country will delay its digital tax and US will hold off retaliatory sanctions

Jan. 22, 2020 10:24 AM EST
DAVOS, Switzerland (AP) — French finance minister says his country will delay its digital tax and US will hold off retaliatory sanctions.
President Vladimir Putin attends a wreath laying commemoration ceremony for the 77th anniversary since the Leningrad siege was lifted during the World War Two at the Boundary Stone monument, around 50 kilometers east of St.Petersburg, Russia, Saturday, Jan. 18, 2020. (Alexei Danichev, Sputnik, Kremlin Pool Photo via AP)

Putin's moves leave Russian opposition with few options

Jan. 18, 2020 9:53 AM EST

MOSCOW (AP) — Russian President Vladimir Putin played it differently this time. Instead of openly declaring plans to extend his rule like he did in 2011, Putin proposed constitutional amendments to appear to give more power to Russia's parliament. Instead of announcing the move as a fait accompli, he said...

Russian President Vladimir Putin attends a meeting on drafting constitutional changes at the Novo-Ogaryovo residence outside Moscow, Russia, Thursday, Jan. 16, 2020. Putin proposed a set of constitutional amendments that could keep him in power well past the end of his term in 2024.(Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP)

Putin fast-tracks effort to extend his rule in Russia

Jan. 16, 2020 3:05 PM EST

MOSCOW (AP) — President Vladimir Putin on Thursday fast-tracked work on constitutional changes that could keep him in power well past the end of his term in 2024 while lawmakers quickly sealed his choice for new prime minister. Speaking to a working group created to draft constitutional changes, Putin cast...

In this photo taken on Thursday, Nov. 21, 2019, Russian Tax Service chief Mikhail Mishustin speaks to Russian President Vladimir Putin during their meeting in the Kremlin in Moscow, Russia. Putin has on Wednesday, Jan. 15, 2020 named Tax Service chief Mikhail Mishustin as Russia's new prime minister. The 53-year-old Mishustin has worked in the government since 1998. Mishustin has a kept low profile while serving as the head of the Federal Tax Service since 2010. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP, File)

Russia's new PM a career bureaucrat with no political aims

Jan. 16, 2020 12:35 PM EST

MOSCOW (AP) — Mikhail Mishustin never had any political ambitions as a career bureaucrat and his name didn't come up as a top candidate to become Russia's next prime minister. But the 53-year-old Mishustin, the longtime chief of Russia's tax service, was tapped for the post by President Vladimir Putin. The...

Abigail Disney, granddaughter of Walt Disney Co. co-founder Roy Disney, speaks with reporters at the Capitol in Sacramento, Calif., Wednesday, Jan. 15, 2020. Disney testified before state lawmakers in support of a bill that would raise taxes on some of the country's largest corporations. The size of the tax increase would depend on the gap between what a company pays its CEO versus the average salary for employees. The larger the gap, the higher the tax increase. (AP Photo/Adam Beam)

California targets companies with highly paid execs

Jan. 15, 2020 8:34 PM EST

SACRAMENTO, Calif. (AP) — California is considering raising taxes on some of the country's largest companies, but the size of the tax increase would depend on how much its highest-paid executive makes compared to its employees. The bigger the gap, the bigger the tax increase. The bill by Democratic state...