Taxes

The Latest on the push in Congress to pass a sweeping tax cut bill (all times local): 6:40 a.m.

A Chinese tire maker is moving more aggressively into the U.S. market with plans for a North Carolina factory that is to ultimately employ 800 people and produce six million tires a year.

The tea party class of 2010 vowed to usher in a new era for the Republican Party, one where conservatives clamoring for fiscal discipline would roll back government spending to rein in trillion-plus budget deficits.

Republicans in Congress are barreling ahead on their sweeping revamp of the nation's tax code, with final votes in the House and Senate on Tuesday.

Big U.S. companies have been piling up cash for years, but have spent little of it on buying equipment and raising wages and other things to grow the economy.

So what's in the massive $1.5 trillion Republican tax package, what's not and what does it mean for most Americans?

Saudi Arabia has announced the biggest budget in its history, announcing expenditures of 978 billion riyals ($261 billion) this coming fiscal year as the government forecasts a boost in revenue from the introduction of a sales tax and plans to lift subsidies further.

A nonpartisan group says the Republican tax bill would cut taxes on average for all income groups next year, with bigger reductions for upper-income people.

The Senate Finance Committee chairman is rejecting as "categorically false" a report that Republican Sen. Bob Corker of Tennessee was responsible for a provision in the final tax bill that could help him financially.

The Latest on the tax bill moving through Congress (all times local): 4:40 p.m. Maine Republican Sen. Susan Collins says she'll vote for her party's tax bill this week.

Republican U.S. Sen. Susan Collins said she'll vote for a tax reform overhaul she claims will help Maine businesses and lower taxes for most Maine households.

While the GOP works on passing a finalized tax reform bill, here's how you can maximize profits.

Cue the accountants — and the IRS rule-writers — the massive Republican tax package is nearly a done deal, soon to become law.

TAX AGREEMENT AND SMALL BUSINESSES The Republican agreement on a tax bill gives many small company owners breaks on their business income taxes and allows them to deduct a larger portion of their equipment purchases.

Share prices were mostly higher in Asia on Monday, lifted by robust trade data from Japan that suggest a sustained recovery in demand in China and other major markets.

The European Union's executive branch is warning the United States that its planned tax overhaul could violate some of its international obligations and risks "seriously hampering" trans-Atlantic trade.

The European Union is opening an in-depth probe into Ikea's taxation model in the Netherlands, its latest effort to go after sweetheart deals for big multinationals.