Amazon sweepstakes is narrowed down to 20 competitors
Amazon narrowed the list of locations under consideration for its second headquarters to 20, with the largest concentration in the Northeast.
Apple to add 20K jobs, pay $38B US tax bill to repatriate cash
The Cupertino, California-based tech giant said its investments will focus on job creation, spending with U.S. suppliers and an expansion of the App Store, Apple’s digital content hub.
EU urged to publish commitments from suspected tax havens
The European Union's top tax official is urging member states to make public any commitments given by non-EU countries wanting to get off the bloc's blacklist of suspected tax havens.
Once pot friendly Northern California county bans marijuana
A previously pot friendly rural Northern California county has reversed course and banned commercial marijuana farms, paving the way for lawsuits from growers who previously received permits and paid taxes.
IRS asks for extra cash: Are Americans more at risk of being audited?
Republicans are currently weighing the best ways to devote more resources to the Internal Revenue Service (IRS) after years of budget cuts at the agency, but that doesn’t necessarily mean the number of audits are set to increase, experts say.
H&R Block, Walmart enter exclusive tax software partnership, shares rise
The partnership establishes H&R Block as the “exclusive [do-it-yourself] desktop tax software provider available at Walmart stores nationwide, and sold directly by Walmart on walmart.com,” according to a press release.
Business Highlights
___ Bank execs sing praises of new tax law as windfall looms NEW YORK (AP) — Two of the nation's biggest banks — JPMorgan Chase and Wells Fargo — are indicating they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower taxes and increased business.
Documents: Former billionaire reaches deal with creditors
Former billionaire real estate developer Tim Blixseth has reached a $3 million settlement to resolve claims he illegally pocketed hundreds of millions of dollars from a Montana resort for the superrich.
Some utility rates could go down after US corporate tax cuts
Public utility regulators from Oklahoma to Massachusetts are considering lowering the rates that homeowners and businesses pay for electricity and natural gas after a federal tax overhaul signed into law by President Donald Trump reduced the corporate income tax rate by 14 percent.
The Latest: Alabama incentives for factory top $700 million
The Latest on the Toyota-Mazda factory coming to Alabama (all times local): 8:15 p.m. Alabama's total incentive package to land Toyota and Mazda's new U.S. factory will top at least $700 million after local incentives are added.
Walmart boosts starting pay, closing dozens of Sam's Clubs
Walmart is boosting its starting salary for U.S. workers to $11 an hour, giving a one-time $1,000 cash bonus to eligible employees and expanding its maternity and parental leave benefits.
FCA to invest $1B in Michigan plant, pay out bonuses
Fiat Chrysler is moving production of heavy-duty trucks from Mexico to Michigan and paying bonuses to U.S. workers in response to the passage of U.S. tax reform late last year.
IRS rolls out new tax tables for promised bigger paychecks
The Internal Revenue Service is making changes to the guidelines that help workers determine how much of their paycheck is withheld by their employer as income taxes.
New Jersey promising billions to get Amazon headquarters
When it comes to the North American competition to attract Amazon's second headquarters, New Jersey has put its cards on the table: Officials have promised up to $7 billion in state and local tax credits.
Steven Mnuchin: New W-4 for 2019 tax season will be released
Steven Mnuchin on tax reform
Steven Mnuchin: 90% of workers will see take-home pay increase
Steven Mnuchin on tax reform
Fund manager Q&A: What to expect from muni bonds in 2018
Municipal bonds took investors on a roller coaster at the end of 2017, as prices swung on concerns about what Washington's overhaul of the tax system will do to the $3.8 trillion market.
Texas sales tax collections up as Harvey recovery continues
Financial experts say Texas sales tax collections for the last few months of 2017 increased by double digits compared to a year earlier partly because of the surge in rebuilding and other recovery from Hurricane Harvey.
Maine hopes to lure Amazon with incentives, state charm
A pair of Maine suitors is trying to lure Amazon to the Pine Tree State, although one of them is using the bidding process to the make the case for the technology giant to build a smaller project and not the second headquarters itself.
Brown's final budget plan proposes $132 billion in spending
Democratic Gov. Jerry Brown said Wednesday California will have one of the largest budget surpluses since the Great Recession but proposed spending almost none of it, sticking with his restrained approach to spending in his final budget plan.













