Corporate taxes

Robert and Dorothy Brockman attend an intimate al fresco dinner celebrating the Rice University groundbreaking of James Turrell's Rice University Skyspace project at the home of Phoebe and Bobby Tudor, Tuesday evening, May 17, 2011, in Houston. Federal prosecutors have charged Texas billionaire Robert Brockman in a $2 billion tax fraud scheme that they say is the largest such case against an American. (Dave Rossman/Houston Chronicle via AP)
October 15, 2020 - 3:58 pm
SAN FRANCISCO (AP) — Federal prosecutors charged Texas billionaire Robert Brockman on Thursday with a $2 billion tax fraud scheme in what they say is the largest such case against an American. Department of Justice officials said at a news conference that Brockman, 79, hid capital gains income over...
Read More
FILE - In this July 29, 2020 file photo, a VW ID.4 stands in front of the Frauenkirche on the occasion of a Volkswagen vehicle presentation on the Neumarkt in Dresden, Germany. Germany's Volkswagen is unveiling the ID.4, the battery-powered sport-utility vehicle that is headed for global markets including the United States and China, as the company takes a major step forward in its campaign to make electric cars a mass-market choice. (Sebastian Kahnert/dpa via AP, File)
September 23, 2020 - 8:07 am
BERLIN (AP) — German prosecutors said Wednesday they have filed charges against eight more Volkswagen employees accused of involvement in the company's diesel scandal, which saw it sell cars fitted with software that let them cheat on emissions tests. Prosecutors in Braunschweig did not identify...
Read More
FILE - In this Aug. 20, 2020, file photo Democratic presidential candidate former Vice President Joe Biden speaks during the fourth day of the Democratic National Convention at the Chase Center in Wilmington, Del. The former senator and vice president backs an active federal government that he says should support but not constrict private enterprise, and he believes the highest federal tax burden should fall on the wealthiest. (AP Photo/Andrew Harnik, File)
September 13, 2020 - 7:37 am
ATLANTA (AP) — President Donald Trump describes Democratic challenger Joe Biden as a “tool” of “radical socialists” who are bent on taxing every American business and household into bankruptcy. Some progressives say Biden is a corporate crony who will never address systemic inequalities in U.S...
Read More
FILE - In this Jan. 29, 2020, file photo, a shopper walks in a street market aimed for Chinese tourists in Bangkok, Thailand. The outbreak of new virus centered on the Chinese city of Wuhan is giving global business chills. Thailand's central bank cut its benchmark interest rate to 1% from 1.25% on Wednesday to help the economy weather a series of setbacks, most lately the virus outbreak in China that has devastated its tourism sector. (AP Photo/Gemunu Amarasinghe, File)
February 06, 2020 - 12:51 am
BANGKOK (AP) — Central banks in the Philippines and Thailand have cut their benchmark interest rates as China's neighbors seek ways to soften the impact of measures to contain a virus outbreak that has killed more than 560 people. The Philippine central bank cut its main policy rate on Thursday by...
Read More
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)
January 15, 2020 - 5:33 pm
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...
Read More
The U.S. Capitol building, center, is seen next to the bottom part of the Washington Monument, left, before sunrise on Capitol Hill in Washington, Thursday, Dec. 19, 2019, a day after the U.S. House voted to impeach President Donald Trump on two charges, abuse of power and obstructing Congress. (AP Photo/Julio Cortez)
Associated Press
December 19, 2019 - 2:00 pm
WASHINGTON (AP) — The Democratic-controlled House approved legislation Thursday to suspend for two years the $10,000 cap on state and local tax deductions that came with President Donald Trump’s massive 2017 tax law. The deductions are widely popular, especially in high-tax, heavily Democratic...
Read More
FILE - In this Tuesday, Nov. 12, 2019, file photo, the U.S. Capitol is seen as the sun sets in Washington. Negotiations on a package of spending bills to fund the federal government have produced a key breakthrough, though considerably more work is needed to wrap up the long-delayed measures. Top lawmakers of the House and Senate Appropriations committees on Saturday, Nov. 23, confirmed agreement on allocations for each of the 12 spending bills. (AP Photo/Manuel Balce Ceneta, File)
December 17, 2019 - 12:15 pm
WASHINGTON (AP) — A raft of expired and expiring tax breaks, including deductions for mortgage insurance premiums, college tuition and large medical bills, would be renewed under a massive government-wide funding bill approved by the Democratic-controlled House. The action comes a few days before...
Read More
Gerald Margolis, center left, branch manager of Philip Morris in Thailand, talks to reporters at Criminal Court in Bangkok, Thailand, Friday, Nov. 29, 2019. The court has found the local unit of tobacco giant Philip Morris guilty of evading taxes by under-declaring the value of cigarettes it imported from the Philippines, and ordered the company to pay a fine of 1.2 billion baht ($39.7 million). (AP Photo)
November 29, 2019 - 3:19 am
BANGKOK (AP) — A court in Thailand on Friday found the local unit of tobacco giant Philip Morris guilty of evading taxes by under-declaring the value of cigarettes it imported from the Philippines. It ordered the company to pay a fine of 1.2 billion baht ($39.7 million). The Criminal Court found...
Read More
Imaad Zuberi, left, leaves the federal courthouse with his attorney Thomas O'Brien, right, in Los Angeles, on Friday, Nov. 22, 2019. Zuberi pleaded guilty to funneling donations from foreigners to U.S. political campaigns. (AP Photo/Brian Melley)
November 22, 2019 - 6:59 pm
LOS ANGELES (AP) — A political fundraiser accused of funneling foreign money into U.S. elections offered six witnesses in his case more than $6 million to keep quiet, federal prosecutors said Friday. Prosecutors also revealed new allegations that the donor, Imaad Zuberi, acted as an unregistered...
Read More
FILE - In this Sept. 5, 2019, file photo, Indian workers prepare packing of clutch buttons at an auto component manufacturing factory on the outskirts of New Delhi, India. Asian shares advanced Friday, Sept. 20, 2019, and India’s benchmark jumped 5.4% after the government announced plans to cut corporate taxes. (AP Photo/Altaf Qadri, File)
September 20, 2019 - 12:52 am
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...
Read More

Pages