Taxes

ECB experts: US tax law could erode Europe's tax base

Economists at the European Central Bank say that the U.S. corporate tax cut should lift the world's largest economy in the short term but could erode the tax base in European countries by intensifying global competition for lower rates.

UN agency: US tax reform could cut investment elsewhere

The U.N.'s trade and development agency says multinational companies could use U.S. President Donald Trump's tax reform to return $2 trillion to the United States, leading to "sharp reductions" in foreign direct investment worldwide.

Billionaire takes a property tax stand over pooping geese

Billionaire Tom Golisano says he tried stringing up fishing line, spraying smelly repellent and even posting a wolf decoy, but nothing could rid his lakeside vacation home of the Canada geese that turned his lawn into a minefield of poop.

Ryan tweets about a $1.50 paycheck boost, then deletes it

House Speaker Paul Ryan has highlighted on Twitter a school secretary benefiting from the Republican tax overhaul, then deleted the tweet after online criticism that he is cheering an increase of $1.50 a week.

Best Buy to hand out bonuses to workers

Best Buy Co., the nation's largest consumer electronics retailer, says it will be handing out bonuses to more than 100,000 employees, joining a list of companies sharing a portion of their windfall from the corporate tax reform law with employees.

Business Highlights

___ Dow industrials drop 600 points, extending a weeklong slump NEW YORK (AP) — U.S. stocks slumped Friday, pulling the Dow Jones industrial average down more than 650 points and handing the market its worst week in two years.