Government taxation and revenue

Gerald Margolis, center left, branch manager of Philip Morris in Thailand, talks to reporters at Criminal Court in Bangkok, Thailand, Friday, Nov. 29, 2019. The court has found the local unit of tobacco giant Philip Morris guilty of evading taxes by under-declaring the value of cigarettes it imported from the Philippines, and ordered the company to pay a fine of 1.2 billion baht ($39.7 million). (AP Photo)
1010 WINS Newsroom
November 29, 2019 - 6:19 am
BANGKOK (AP) — A court in Thailand on Friday found the local unit of tobacco giant Philip Morris guilty of evading taxes by under-declaring the value of cigarettes it imported from the Philippines. It ordered the company to pay a fine of 1.2 billion baht ($39.7 million). The Criminal Court found...
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President Donald Trump participates in a bill signing ceremony for the Women's Suffrage Centennial Commemorative Coin Act in the Oval Office of the White House, Monday, Nov. 25, 2019, in Washington. (AP Photo/Patrick Semansky)
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November 25, 2019 - 6:34 pm
WASHINGTON (AP) — The Supreme Court is shielding President Donald Trump’s financial records from House Democrats for now. The delay allows the justices to decide how to handle the House subpoena and a similar demand from the Manhattan district attorney at the same time. The House’s quest for the...
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FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)
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November 25, 2019 - 11:28 am
College savings plans are a great way to save for education. But not all college savings plans are great. Most state-sponsored 529 college savings plans, which allow you to invest in a tax-advantaged account for future education costs, have improved significantly in recent years, says Madeline Hume...
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Imaad Zuberi, left, leaves the federal courthouse with his attorney Thomas O'Brien, right, in Los Angeles, on Friday, Nov. 22, 2019. Zuberi pleaded guilty to funneling donations from foreigners to U.S. political campaigns. (AP Photo/Brian Melley)
1010 WINS Newsroom
November 22, 2019 - 9:59 pm
LOS ANGELES (AP) — A political fundraiser accused of funneling foreign money into U.S. elections offered six witnesses in his case more than $6 million to keep quiet, federal prosecutors said Friday. Prosecutors also revealed new allegations that the donor, Imaad Zuberi, acted as an unregistered...
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1010 WINS Newsroom
November 22, 2019 - 5:24 pm
LOS ANGELES (AP) — California is increasing business tax rates on legal marijuana, a move that stunned struggling companies that have been pleading with the state to do just the opposite. Hefty marijuana taxes that can approach 50 percent in some communities have been blamed for pushing shoppers...
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President Donald Trump speaks during a National Medal of Arts and National Humanities Medal ceremony in the East Room of the White House, Thursday, Nov. 21, 2019, in Washington. (AP Photo/Alex Brandon)
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November 21, 2019 - 7:32 pm
WASHINGTON (AP) — House Democrats and Manhattan’s top prosecutor told the Supreme Court Thursday that President Donald Trump’s arguments to shield his tax returns and financial records are weak, and not deserving of the justices’ intervention. The Democrats said they should be allowed to enforce...
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FILE - In this Friday, Oct. 4, 2019 file photo, a woman using an electronic cigarette exhales a puff of smoke in Mayfield Heights, Ohio. Massachusetts lawmakers have approved the nation's toughest restrictions on flavored tobacco and vaping products, including menthol cigarettes. The ban was passed by the Senate early Thursday, Nov. 21, before the legislature broke for a holiday recess. It had earlier been passed by the state House of Representatives. (AP Photo/Tony Dejak)
1010 WINS Newsroom
November 21, 2019 - 1:00 pm
BOSTON (AP) — Massachusetts lawmakers passed a groundbreaking ban Thursday on the sale of flavored tobacco and vaping products, including menthol cigarettes. The bill would also place a 75% excise tax on vaping products and require health insurers, including the state’s Medicaid program, to cover...
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California Legislative Analyst Gabriel Petek, left, and Principal Fiscal and Policy Analyst Ann Hollingshead speak with reporters on Wednesday, Nov. 20, 2019, in Sacramento, Calif. The nonpartisan Legislative Analyst's Office on Wednesday predicted California will have a $7 billion surplus next year. (AP Photo/Adam Beam)
1010 WINS Newsroom
November 20, 2019 - 7:55 pm
SACRAMENTO, Calif. (AP) — California is expected to have a $7 billion budget surplus next year, but lawmakers were urged Wednesday not to spend all of it because a sizable chunk depends on an upcoming decision by the Trump administration as it feuds with state Democratic leaders. A report from the...
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FILE - This Nov. 13, 2019 file photo shows patrons smoking marijuana at Lowell's Original Cannabis Cafe, a legal marijuana establishment, in Los Angeles. A divided House panel has endorsed a proposal to decriminalize and tax marijuana at the federal level. Groups supporting an end to the national prohibition on pot call the 24-10 vote by the House Judiciary Committee historic. However, even if passed in the House, the proposal faces an uncertain future in the Republican-controlled Senate. (AP Photo/Richard Vogel, File)
1010 WINS Newsroom
November 20, 2019 - 7:20 pm
LOS ANGELES (AP) — A divided U.S. House committee approved a proposal Wednesday to decriminalize and tax marijuana at the federal level, a vote that was alternately described as a momentous turning point in national cannabis policy or a hollow political gesture. The House Judiciary Committee...
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1010 WINS Newsroom
November 19, 2019 - 6:07 am
BERLIN (AP) — German authorities have raided the homes and offices of six businesspeople and bankers as part of an investigation into a massive tax fraud scheme. Hesse state prosecutors said Tuesday in addition to 12 searches in Hesse and Bavaria, an apartment was searched in the Netherlands. The...
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