Corporate taxes

February 19, 2020 - 4:05 pm
LOS ANGELES (AP) — A Southern California man charged with bilking nearly $150 million out of 70,000 investors worldwide through a phony digital currency scheme has agreed to enter a guilty plea to federal charges, it was announced Wednesday. Steven Chen, 62, of Bradbury agreed Tuesday to plead...
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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...
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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)
AP News
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...
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In this Jan. 30, 2019 photo provided by Sen. Kevin Cramer's office, Tommy Fisher, right, talks with Sen. Kevin Cramer, R-N.D., at the lawmaker's office in Washington, D.C. Fisher runs Fisher Sand & Gravel, the North Dakota company that won a $400 million contract to build part of the border wall. But the contract is now being audited over concern it may not meet requirements.  (Sen. Kevin Cramer's office via AP)
January 04, 2020 - 8:45 am
BISMARCK, N.D. (AP) — Tommy Fisher peered into a Fox News camera and talked up his North Dakota-based company's ability to build a border wall faster and cheaper than others could, with technology “so revolutionary, it's like comparing the iPhone to a pay phone.” Fisher Sand and Gravel, he said,...
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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...
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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...
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FILE - In this July 16, 2019, file photo an American flag flies on the Capitol Dome in Washington. On Thursday, Sept. 12, the Treasury Department releases federal budget data for August. (AP Photo/Carolyn Kaster, File)
September 12, 2019 - 12:49 pm
WASHINGTON (AP) — The U.S. government's budget deficit increased by $169 billion to $1.07 trillion in the first 11 months of this budget year as spending grew faster than tax collections. The Treasury Department reported Thursday that the deficit with just one month left in the budget year is up 18...
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Former vice president and Democratic presidential candidate Joe Biden speaks to potential voters during a campaign event, Tuesday, June 4, 2019, in Berlin, N.H. (AP Photo/Elise Amendola)
June 04, 2019 - 3:18 pm
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...
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Stephen Calk, center, leaves Federal court with his attorney Jeremy Margolis, left, Thursday, May 23, 2019, in New York. Calk charged in New York with issuing loans to win a role in President Donald Trump's administration has pleaded not guilty. (AP Photo/Mary Altaffer)
May 23, 2019 - 6:25 pm
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...
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FILE - In this July 5, 2018 file photo, Cho Yang-ho, the chairman of Korean Air Lines Co., arrives for hearing to review the prosecution's request for an arrest warrant on charge of embezzlement at the Seoul Southern District Court in Seoul, South Korea. Korean Air says on Monday, April 8, 2019, its chairman, Cho Yang-ho, has died in the United States because of an unspecified illness. (AP Photo/Ahn Young-joon, File)
April 08, 2019 - 6:31 am
SEOUL, South Korea (AP) — Korean Air's chairman, whose leadership included scandals such as his daughter's infamous incident of "nut rage," has died due to illness, the company said Monday. Cho Yang-ho had been indicted on multiple charges, including embezzlement and tax evasion, and his death came...
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