CSX delivers quarterly profit in line with Wall Street views

U.S. 01/16/19, 17:38

CSX Corp. delivered a fourth-quarter profit of $843 million, which was lower than last year when tax reforms were approved but in line with Wall Street expectations.The Jacksonville, Florida-based railroad said Wednesday it earned $1.01 per share net income in the quarter that ended Dec. 31. That's down from last ...

Malaysia’s 2018 auto sales rebounded, flat growth seen

World 01/16/19, 06:40

New vehicle sales in Malaysia rebounded last year after two straight years of contraction, thanks to a three-month tax holiday, but growth is likely to remain flat this year amid uncertainties over government policies, an automotive group said Wednesday.The Malaysian Automotive Association said 598,714 vehicles were sold last year, up ...

Property tax reform a key issue for GOP legislative leaders

Business 01/10/19, 16:21

Iowa GOP legislative leaders said Thursday they plan to go into the 2019 session challenging the way things are done in state government focusing on several issues including property taxes and picking judges.Senate Republican leader Jack Whitver said at a legislative forum hosted by The Associated Press that Iowans expressed ...

Orrin Hatch ends 4-decade Senate run as unique GOP voice

U.S. 01/03/19, 16:49

Orrin Hatch ended his tenure Thursday as the longest-serving Republican senator in history, capping a unique career that positioned him as one of the most prominent conservatives in the United States. The departure of the vocal supporter of President Donald Trump ushers in another outsized Utah voice with a very different ...

Health care, schools top finance-heavy agenda in states

U.S. 12/31/18, 20:41

Big-dollar decisions about health care and education will top the agenda in many state capitols as lawmakers convene for their 2019 sessions with a closer balance between Republicans and Democrats. Some states will be considering anew whether to expand government-funded health coverage to more people after Democrats put a sizable dent ...

Taiwanese launch yellow vest movement to protest taxes

World 12/27/18, 01:02

Protesters in Taiwan are taking a page from France's yellow vest movement.Thousands of demonstrators turned out Thursday for the third time in a week to demand lower taxes and the fair handling of tax disputes.Wearing yellow vests, they shouted slogans outside the Ministry of Finance in Taipei and waved banners ...

2018 Minnesota tax returns will be a bigger pain than usual

Business 12/09/18, 11:14

Filing Minnesota state income tax returns for 2018 is going to be more of a pain than usual because lawmakers and the governor left a crucial piece of legislation unfinished, and it's too late to fix before the upcoming tax season.The unfinished business was a "tax conformity" bill to sync ...

Kansas faces new fight over taxes after years of turmoil

Politics 12/09/18, 09:47

Kansas' new Democratic governor promised not to raise taxes to meet her goals of boosting spending on public schools and social services. Republicans who control the Legislature argue that a tax increase is coming even if state politicians do nothing. One of the first big political fights Gov.-elect Laura Kelly faces ...

In South Carolina, a political newcomer campaigns with ease

Business 10/26/18, 18:32

Pamela Evette's venture to be South Carolina's next lieutenant governor is her first run for office, but those who've watched her campaign as part of the state's first joint GOP gubernatorial ticket say you'd never know it.The Greenville businesswoman's name was largely unknown to the state's voters when Gov. Henry ...

New tax break rules for ‘opportunity zone’ investors

Business 10/19/18, 09:33

The Trump administration is proposing rules for investors in a new program that it says could have a big impact on economically depressed areas around the country. About 8,700 so-called "opportunity zones" have been set up in all 50 states to lure investors and developers with tax breaks.The rules from ...

Spanish league says govt tax hike may scare away top players

Soccer 10/18/18, 15:57

The Spanish league has warned clubs that tax increases for the rich proposed by the government could scare away soccer's top talents.The Associated Press has seen a letter Liga president Javier Tebas sent to clubs saying the suggested tax reform would "negatively impact the competitiveness of our league."Tebas says the ...

How big developers like Trump benefit from web of tax breaks

Business 10/04/18, 15:59

Big real estate developers like Donald Trump have long benefited from a myriad of legal loopholes and breaks that can shrink their tax bills. Their advantages expanded further with the federal tax overhaul that took effect this year.Even before the new tax law, the U.S. tax code provided loopholes and ...

Italian stocks plunge on populist government’s plans

Europe 09/28/18, 03:42

Italy's stock market fell sharply Friday after the populist, euroskeptic government announced a sharp public spending increase that will push the budget deficit to 2.4 percent of gross domestic product next year, risking a collision with the European Union.The benchmark FTSE MIB dropped 4.6 percent by Friday afternoon, and helped ...

Democrats in key House races push against tax deduction cap

Business 09/19/18, 08:15

Congressman Leonard Lance voted last December with the interests of his northern New Jersey district in mind when he opposed his own party's sweeping tax overhaul.The cap on deductions for state and local taxes that was part of the Republican plan was bound to mean that many people in the ...

End of content

No more pages to load