Latest Corporate taxes News

AP FACT CHECK: UK leadership contenders make wild promises

Jul. 17, 2019 9:40 AM EDT

LONDON (AP) — Promises have been flying thick and fast in Britain's Conservative leadership race, ranging from the plausible to the wild. Contenders Boris Johnson and Jeremy Hunt both say they will break the country's political deadlock over Brexit, take Britain out of the European Union, boost the economy...

Pennsylvania touts stronger fiscal health, but clouds loom

Jul. 9, 2019 6:42 PM EDT

HARRISBURG, Pa. (AP) — Gov. Tom Wolf and state Treasurer Joe Torsella celebrated Tuesday with what they said will be Pennsylvania's largest deposit into its budgetary reserve account in nearly two decades. The expected $317 million comes after strong corporate and sales tax collections drove the state past...

India eyes bigger investments in aviation, media, insurance

Jul. 6, 2019 12:12 AM EDT

NEW DELHI (AP) — Indian Prime Minister Narendra Modi's government on Friday proposed heavy investments in infrastructure, the digital economy and job creation to lift a sluggish economy burdened with a 45-year-high unemployment rate of 6.1%. Unveiling a draft budget after a major victory in national...

Former Arkansas lawmaker pleads guilty in corruption cases

Jun. 25, 2019 6:52 PM EDT

LITTLE ROCK, Ark. (AP) — A former Arkansas lawmaker who is Gov. Asa Hutchinson's nephew pleaded guilty Tuesday to accepting bribes and filing a false tax return, part of an agreement with federal prosecutors in a sprawling corruption probe. Former state Sen. Jeremy Hutchinson, who is the son of former U.S....

Businesses showing discontent with Trump's trade policies

Jun. 12, 2019 1:45 PM EDT

WASHINGTON (AP) — President Donald Trump's aggressive and wildly unpredictable use of tariffs is spooking American business groups, which have long formed a potent force in his Republican Party. Corporate America was blindsided last week when Trump threatened to impose crippling taxes on Mexican imports in...

Trade disruptions, taxing tech companies are talk of G-20

Jun. 8, 2019 2:22 PM EDT

FUKUOKA, Japan (AP) — How to reorder the global financial system in an era of trade stand-offs and technological change held the attention of financial officials from the Group of 20 major economies on Saturday. The central bank governors and other financial regulators meeting in this southern Japanese...

Joe Biden's $5T climate plan: Net zero emissions by 2050

Jun. 4, 2019 6:19 PM EDT

Democratic presidential candidate Joe Biden is pitching a $5 trillion-plus climate proposal that he says would lead the U.S. to net zero emission of carbon pollution by 2050. The former vice president calls for $1.7 trillion in federal spending over 10 years, with the rest of the investments coming from the...

Bank CEO pleads not guilty in bid to get Trump post

May. 23, 2019 9:26 PM EDT

NEW YORK (AP) — A banker who prosecutors say tried to buy himself a senior post in President Donald Trump's administration by making risky loans to former Trump campaign chairman Paul Manafort pleaded not guilty Thursday to a financial institution bribery charge as his lawyer said he's done nothing wrong....

Virginia airline founder charged with fraud, tax evasion

May. 22, 2019 10:01 AM EDT

NEWPORT NEWS, Va. (AP) — The leader of an ill-fated effort to revive the People Express airline has been indicted on fraud and tax evasion charges. The Daily Press reports Michael D. Morisi was arrested Tuesday, accused of defrauding creditors of nearly $448,000. An indictment says he used most of the...