NEWSWORTHY
Federal prosecutors have charged an IRS employee with leaking banking records of President Donald Trump's former personal lawyer, Michael Cohen, the U.S. attorney's office in San Francisco said Thursday. John C. Fry, an investigative analyst for the IRS's law enforcement arm, was charged on Feb. ...
French court hits Swiss bank UBS with record $4.2 billion fine for helping the rich dodge taxes
A French court ordered Swiss bank UBS to pay more than €3.7 billion ($4.2 billion) in fines for helping wealthy French clients evade tax authorities, wrapping up one of France's biggest-ever tax evasion trials. The Paris court convicted Zurich-based UBS AG on Wednesday of aggravated ...
Bill Gates backs taxing capital gains as best way to tap big fortunes and get wealthy to pay more
Bill Gates is concerned about the high budget deficits being run by the U.S., and said if taxes are ultimately increased to make up the shortfall, then it's appropriate for wealthy people to pay much higher taxes. "We only collect about 20 percent of GDP ...
14th week of French yellow vest protests marked by tear gas and hate speech
Police fired tear gas and brought in water cannons and a horse brigade to disperse several thousand yellow vest protesters Saturday massed near a Paris landmark at the end of a march through the French capital, the 14th straight weekend of demonstrations. Anti-Semitic remarks hurled ...
Amazon dumps Big Apple as new HQ site, blames foes of its $3 billion in tax incentives
Amazon abruptly abandoned plans for a big new headquarters in New York that would have brought 25,000 jobs to the city, reversing course after politicians and others objected to the nearly $3 billion in tax incentives promised to the company. "We are disappointed to have ...
U.S. national debt hits new milestone, topping $22 trillion as interest exceeds $1 billion daily
The national debt has passed a new milestone, topping $22 trillion for the first time. The Treasury Department's daily statement showed Tuesday that total outstanding public debt stands at $22.01 trillion. It stood at $19.95 trillion when President Donald Trump took office on Jan. 20, ...
Japan's flamboyant 'Prince of Green Juice' arrested for alleged tax evasion
A flamboyant entrepreneur known as the "Prince of Green Juice" was arrested for alleged tax evasion on Tuesday. Tokyo prosecutors raided beauty and diet product company Media Hearts Co., which President Yuta Misaki set up in 2007, over the evasion of about ¥180 million in ...
Fear of filing? Instead of refunds, U.S. taxpayers finding they may owe IRS
Adam Oleson has enjoyed a tax refund every year for the past couple of decades. He normally counts on it to make an extra house payment, reduce student-loan debts or pay down the credit cards. But this year, no such luck. Not only won't Oleson ...
Hungary's government is greatly increasing financial aid and subsidies for families with several children, the country's prime minister said Sunday. The measures announced by Viktor Orban during his "state of the nation" speech are meant to encourage women to have more children and reverse Hungary's ...
Government adopts bill to limit value of gifts in Japan hometown tax donation system
In order to cool down heated competition among local governments seeking to attract donations with offers of expensive gifts for benefactors, the government Friday adopted a bill to overhaul the furusato nōzei hometown tax donation system. The amendment to the law on local taxation calls ...
Trump lashes out as Democrats open probes into his taxes and Russia ties
President Donald Trump blasted Democrats on Thursday as they prepared to launch a barrage of investigations into his Russia ties, real estate business and long-hidden taxes. Empowered by their election takeover of the House of Representatives, Democrats were to hold two hearings Thursday focused on ...
Apple reaches €500 million settlement with France over back taxes
Apple said Tuesday that it had reached an agreement with French authorities to settle 10 years of back taxes, becoming the latest U.S. company to make a deal with France, which has led a European push for higher taxes on tech giants. Apple paid nearly ...
