Taxes

EU probes Luxembourg's tax treatment of France's Engie

The European Union's anti-trust watchdog has launched a probe into whether Luxembourg might have broken state aid rules by giving tax breaks to French electricity group GDF Suez, which is now known as Engie.

WHY IT MATTERS: Issues at stake in election

A selection of issues at stake in the presidential election and their impact on Americans, in brief: IRAN Last year's nuclear deal with Tehran has removed for now the threat of a U.S.-Iranian military confrontation.

California governor vetoes 'tampon tax' bill, 6 others

Gov. Jerry Brown says he's vetoing seven bills that would have carved out special tax breaks, including legislation that would have made California the latest state to scrap so-called tampon taxes on feminine hygiene products.

Tax rates floated for 2 new casinos near New York City

State voters are being promised that millions of dollars in new funding will flow to programs for senior citizens and the horse racing industry and to help a struggling Atlantic City if they approve a ballot question authorizing two new casinos near New York City.

EU says Apple must pay up to 13B euros in back taxes

Apple will have to pay up to 13 billion euros ($14.5 billion) plus interest in back taxes to Ireland after the European Union found Tuesday that the U.S. technology giant received illegal tax benefits over 11 years.

Race for Facebook data center raises tax-break questions

The race between a small town on the Rio Grande in New Mexico and a Salt Lake City suburb to entice a new Facebook data center with millions of dollars in tax breaks and subsidies is raising questions about public investments in a booming cloud-computing economy that typically brings few local jobs.

California lawmakers approve extension of climate change law

California lawmakers voted Wednesday to extend the state's landmark climate change law — the most aggressive in the nation — by another 10 years, resisting fierce opposition from oil companies and other business interests to keep the program alive at least through 2030.

Farmers Seek Tax Credit For Donations to Food Pantries

Each year New York farmers give millions of pounds of apples, squash, corn or other agricultural products to the state's food banks. Now they're looking to get some credit for those good deeds — a tax credit.