Taxes

Lawmakers to consider cutting power of California tax board

Gov. Jerry Brown and legislative leaders on Monday proposed stripping much of the power from a California board that collects nearly a third of the state's revenue following a scathing audit that found questionable uses of money and employees' time.

High court won't hear appeal from former Qwest CEO

The Supreme Court won't hear an appeal from former Qwest Communications International Inc. CEO Joseph Nacchio seeking an $18 million tax refund on money he gained from illegal stock sales.