Taxes

New York City collects sales tax on even the smallest items, but it probably won't collect a cent in taxes on a nearly half billion dollar painting by Leonardo da Vinci.

The Wisconsin Department of Justice's solicitor general says a lawsuit challenging an economic development project could "imperil" the $10 billion Foxconn complex and other ventures in the state.

Republican Sen. Susan Collins of Maine says she may change her vote on the GOP tax overhaul if her amendments are not included in the final measure.

Key Republican lawmakers oppose efforts to scale back a proposed cut in the corporate income tax rate to pay for other tax breaks, complicating efforts to appease Republicans from high-tax states.

Share prices were mixed in Asia on Thursday, with Japan and Australia leading gains after U.S. indexes stabilized overnight.

Oil companies this week had the chance to bid on 900 tracts within Alaska's National Petroleum Reserve but offered bids on just seven.

Top Republicans tried quelling GOP divisions over the budget and a partisan immigration clash simmered in the background as leaders labored Tuesday to push a short-term spending bill through Congress by week's end and avert a partial government shutdown.

The Latest on the budget battle in Congress (all times local): 9:40 a.m.

___ Senate Republicans barrel toward sweeping tax overhaul WASHINGTON (AP) — The Senate is barreling toward the most sweeping rewrite of the tax code in more than three decades.

Life may be about to get easier for people with rich parents.

A top U.S. Senate Republican voiced optimism that congressional negotiators will reach a deal on a sweeping tax overhaul ahead of a Dec. 22 deadline, as senators voted on Wednesday to begin talks with the House to bridge differences between their rival bills.

Sounding a discordant note among the positive talk on the tax bill, a number of Republicans are delivering a blunt assessment, casting the bill as a boost to big corporations and the wealthy instead of the middle class.

The Latest on Republican tax overhaul legislation (all times local): 1:18 p.m. Senate Majority Leader Mitch McConnell says he favors expanding a deduction for state and local taxes to enable people to deduct local income taxes as well as property taxes.

U.S. stock indexes held steady in Tuesday morning trading as some of the year's biggest winners picked themselves back up following recent stumbles.

Municipal governments worry the tax overhaul in Washington, D.C. could chill the construction of affordable housing as homelessness reaches a crisis point on the West Coast.

Rep. Kevin Brady said House Republicans want tax legislation to eliminate the corporate and individual alternative minimum taxes.

The Latest on Congress and the budget (all times local): 10:08 a.m.

U.S. CEOs expect 2018 to kick off a “pro-growth” period for the United States.

Former UBS Chairman Joe Grano weighs in on the GOP tax reform plan.

They don't do tax reform like they used to.