Latest National taxes News

Iraqi PM: Probe recovers part of $2.5B embezzled from taxes

Nov. 27, 2022 13:51 PM EST

BAGHDAD (AP) — Iraq's government said on Sunday it will recover part of nearly $2.5 billion in funds embezzled from the country's tax authority in a massive scheme involving a network of businesses and officials. Approximately 182 billion Iraqi dinars, or $125 million, of the...

Georgia hospital asks county to spend taxes on indigent care

Nov. 25, 2022 14:58 PM EST

MACON, Ga. (AP) — A Macon hospital authority wants its local government to start sharing local property tax collections to help pay for indigent care. The Macon-Bibb County Hospital Authority discussed its plans earlier this month, The Telegraph of Macon reports. The...

Supreme Court OKs handover of Trump tax returns to Congress

Nov. 23, 2022 01:43 AM EST

WASHINGTON (AP) — The Supreme Court on Tuesday cleared the way for the imminent handover of former President Donald Trump's tax returns to a congressional committee after a three-year legal fight. The court, with no noted dissents, rejected Trump's plea for an order that would have...

Wisconsin GOP leaders to push for 'long term' tax cuts

Nov. 22, 2022 17:01 PM EST

MADISON, Wis. (AP) — Wisconsin Republican legislative leaders said Tuesday they want to tap the state's projected record-high $6.6 billion budget surplus to make “transformational” and once-a-generation tax law changes, including eliminating a tax paid by businesses and lowering income taxes...

Supreme Court clears way for handover of Trump tax returns to congressional committee after 3-year legal fight

Nov. 22, 2022 14:36 PM EST
WASHINGTON (AP) — Supreme Court clears way for handover of Trump tax returns to congressional committee after 3-year legal fight.

GM CEO Barra says electric vehicles to be profitable by 2025

Nov. 17, 2022 19:41 PM EST

General Motors says it expects its portfolio of electric vehicles to turn a profit in North America by 2025 as it boosts battery and assembly plant capacity to build over 1 million EVs per year. CEO Mary Barra used the pledge to kick off the company’s investor day event Thursday in...

UK push to restore finances means higher taxes, energy bills

Nov. 17, 2022 12:08 PM EST

LONDON (AP) — Millions of people across Britain face higher taxes and energy bills after the government on Thursday announced an emergency budget focused on restoring the country’s financial credibility and bolstering an economy battered by soaring inflation. Treasury chief...

UK budget takeaways: Higher taxes, more aid to needy

Nov. 17, 2022 10:03 AM EST

LONDON (AP) — The British government on Thursday unveiled an emergency budget featuring billions in tax increases in a bid to restore trust and stability in the U.K. economy and help millions struggling to cope with a deepening cost-of-living crisis. Treasury chief Jeremy Hunt said...

UK Treasury chief expands windfall tax on profits of oil, gas companies in emergency budget aimed at stabilizing economy

Nov. 17, 2022 06:51 AM EST
LONDON (AP) — UK Treasury chief expands windfall tax on profits of oil, gas companies in emergency budget aimed at stabilizing economy.

Sri Lanka aims to hike taxes in budget to soften crisis

Nov. 14, 2022 07:41 AM EST

COLOMBO, Sri Lanka (AP) — Sri Lanka's president on Monday proposed to more than double the country’s tax revenue as the island nation struggles to come out from its worst economic crisis. Unsustainable debt, a severe balance of payment crisis on top of lingering scars of the...