Government taxation and revenue

August 31, 2018 - 2:11 am
ANKARA, Turkey (AP) — Turkey has raised a tax on foreign currency deposit accounts and scrapped another on lira savings as it tries to shore up its struggling currency. According to a decision published in the Official Gazette on Friday, the withholding tax on foreign currency savings of up to six...
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August 30, 2018 - 9:24 am
LONDON (AP) — Japanese electronics giant Panasonic has become the latest company to announce plans to move its European headquarters out of Britain ahead of Brexit. The company said in a statement Thursday that it plans to relocate from the U.K. to Amsterdam on Oct. 1 to "pursue improved efficiency...
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These undated file photos released by the Weber County Sheriff's Office show Jacob Kingston, left, and Isaiah Kingston. Two Salt Lake City biodiesel executives linked to a polygamous group will stay in jail after prosecutors argued they could flee to Turkey if released ahead of trial in an alleged $511 million tax credit scheme. The men have access private jets, millions of dollars stashed abroad and an unidentified federal law-enforcement contact who apparently tipped them off ahead of a raid, special assistant U.S. Attorney Leslie Goemaat said at a hearing on Wednesday, Aug. 29, 2018. Kingston's attorney said the prosecutor's allegations are false hearsay. (Weber County Sheriff's Office via AP, File)
August 29, 2018 - 6:07 pm
SALT LAKE CITY (AP) — Two Salt Lake City biodiesel executives linked to a polygamous group will stay in jail after prosecutors argued they could flee to Turkey if released ahead of trial in an alleged $511 million tax credit scheme. The men have access private jets, millions of dollars stashed...
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Florida Republican gubernatorial candidate Ron DeSantis, right, speaks to supporters with his wife, Casey, at an election party after winning the Republican primary, Tuesday, Aug. 28, 2018, in Orlando, Fla. (AP Photo/Phelan M. Ebenhack)
August 29, 2018 - 2:32 pm
TALLAHASSEE, Fla. (AP) — The Latest on primaries in Arizona and Florida and a runoff election in Oklahoma (all times local): 3:25 p.m. President Donald Trump says he hasn't heard remarks by Florida GOP gubernatorial nominee Rep. Ron DeSantis that critics argue were a racially charged attack on his...
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FILE - In this July 1, 2017 file photo, a person buys marijuana at the Essence cannabis dispensary in Las Vegas. The first full year of legalized marijuana for recreational use in Nevada pushed taxable pot sales past the $500 million mark statewide and raised nearly $70 million in tax revenue, including $27.5 million for schools. The Nevada Department of Taxation said Tuesday, Aug. 28, 2018 the $529.9 million in taxable pot sales for recreational and medical use combined exceeded expectations by 40 percent for the fiscal year that ended June 30. (AP Photo/John Locher, File)
August 28, 2018 - 5:37 pm
RENO, Nev. (AP) — The first full year of legal marijuana sales in Nevada exceeded expectations by 40 percent, state tax officials said Tuesday. Taxable pot sales statewide totaled $529.9 million and raised nearly $70 million in tax revenue, including $27.5 million for schools, the Nevada Department...
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In this Wednesday, Aug. 22, 2018 photo, Amanda Cahill of the American Heart Association speaks to a rally in support of a ballot initiative to raise Montana's tobacco taxes in Helena, Mont. Cahill says the tobacco industry is attempting to deceive voters about the measure as an industry-funded group launches a massive ad blitz against the initiative. (AP Photo/Matt Volz)
August 24, 2018 - 3:25 pm
HELENA, Mont. (AP) — A group funded by the tobacco industry has launched a massive ad blitz against a ballot initiative to fund Montana's Medicaid expansion program and other health programs by raising the cigarette tax by $2 per pack and taxing vaping products for the first time. Montanans Against...
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August 23, 2018 - 3:33 pm
WASHINGTON (AP) — The Trump administration has laid down rules aimed at preventing residents in high-tax states from avoiding a new cap on widely popular state and local tax deductions. The action over the new Republican tax law pits the government against high-tax, heavily Democratic states in an...
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File - In this May 19, 2018 file photo tourists Randy Wilkie and Keya Cole from Buffalo, New York, check out the offerings of cannabis at one of the MedMen cannabis dispensaries in Los Angeles, prior to boarding the Green Line Trips bus tour. When it comes to the taxman, California's legal pot market is getting a sluggish start. Marijuana cultivation and excise tax collections hit $48 million between April and June, state officials announced Wednesday, Aug. 15, 2018, a jump from the prior three months but well below the windfall envisioned by the state. (AP Photo/Richard Vogel, File)
August 15, 2018 - 7:09 pm
LOS ANGELES (AP) — When it comes to the taxman, California's legal pot market is off to a sluggish start. Marijuana cultivation and excise tax collections hit $48 million between April and June, state officials announced Wednesday. That's a jump from the prior three months but well below the...
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Members of the defense team for Paul Manafort, including Kevin Downing, left, Richard Westling, and Thomas Zehnle, walk to federal court as the trial of the former Trump campaign chairman continues, in Alexandria, Va., Monday, Aug. 13, 2018. The prosecution is expected to rest its case in the fraud trial. (AP Photo/Jacquelyn Martin)
August 13, 2018 - 9:27 pm
ALEXANDRIA, Va. (AP) — Prosecutors on Monday rested their tax evasion and bank fraud case in the trial of former Trump campaign chairman Paul Manafort, closing two weeks of testimony that depicted him as using millions of dollars hidden in offshore accounts to fund a luxurious lifestyle — and later...
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FILE- This March 5, 2018, file photo show the East Front of the U.S. Capitol at sunset in Washington. On Friday, Aug. 10, the Treasury Department releases federal budget data for July. (AP Photo/Alex Brandon, File)
August 10, 2018 - 1:52 pm
WASHINGTON (AP) — The federal government racked up a $76.9 billion deficit in July, with increased government spending and tax cuts keeping the country on track to record its biggest annual deficit in six years. The Treasury Department reported Friday that in the first 10 months of this budget year...
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