FILE PHOTO: Sen. John McCain (R-AZ) speaks at a press conference about the National Defense Authorization Act in Washington, U.S., October 25, 2017. REUTERS/Aaron P. Bernstein/File Photo WASHINGTON (Reuters) – Republican U.S. Senator John McCain is expected to... More »
U.S. President Donald Trump on Saturday defended a Republican tax-cut plan against Democratic charges that it favors the rich, saying it will be "one of the great Christmas gifts" for the middle class with just days to go before Congress votes. More »
FILE PHOTO: U.S. President Donald Trump delivers a speech on tax reform legislation at the White House in Washington, U.S., December 13, 2017. REUTERS/Carlos Barria (Reuters) – Republicans in the Senate and House of Representatives are expected to vote within ... More »
A man walks the campus of the City College of New York in the Harlem borough of New York, U.S., December 16, 2017. REUTERS/Eduardo Munoz NEW YORK (Reuters) – In the lead-up to the conference agreement for the U.S. Tax Cut & Jobs Act released on Friday, there w... More »
The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, December 15, 2017. REUTERS/Staff/Remote LONDON (Reuters) – World shares fell on Friday and the dollar slipped against major and heavyweight emerging market currencies... More »
A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration LONDON (Reuters) – The dollar slipped to a nine-day low against the yen on Friday, after wrangling in the United States Congress over a bill to change the ta... More »
LONDON (Reuters) – U.S. large cap stocks attracted their biggest inflows since April in the week Wednesday to Wednesday, Bank of America Merril Lynch (BAML) data showed on Friday, as investors eyed progress on long-awaited U.S. tax cuts. The planned tax overha... More »
TBILISI (Reuters) – Georgia expects state revenues and spending to rise next year and forecasts 4.5 percent economic growth in the budget passed by the parliament on Friday. The former Soviet republic, through which pipelines carry Caspian oil and gas to Europ... More »
FILE PHOTO – The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France on February 20, 2017. REUTERS/Pascal Rossignol/File Photo MILAN (Reuters) – Italy’s inland revenue service said on Friday it had reached an agreement wit... More »
FILE PHOTO: Freight containers stand half immersed in water after the Elbe River broke its bank at a storage facility at the harbour in Riesa, Germany, June 6, 2013. REUTERS/Thomas Peter/File Photo BERLIN (Reuters) – The frustration of Roberto Azevedo was evid... More »
FILE PHOTO: The logo of German software group SAP is pictured in Vienna, Austria, July 25, 2016. REUTERS/Leonhard Foeger/File Photo FRANKFURT (Reuters) – German business software group SAP SE (SAPG.DE) said on Friday lowered the forecast for its expected effec... More »
FILE PHOTO – The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France on February 20, 2017. REUTERS/Pascal Rossignol/File Photo BRUSSELS (Reuters) – Luxembourg is challenging a European Union order to recover about 250 mill... More »
FILE PHOTO: Sen. Marco Rubio (R-FL) speaks at a press conference at the Capitol Building in Washington, U.S., September 26, 2017. REUTERS/Aaron P. Bernstein WASHINGTON (Reuters) – President Donald Trump’s drive to win passage of a sweeping Republican tax bill ... More »
FILE PHOTO: A woman talks on her mobile phone on a pavement in Kolkata, India July 5, 2017. REUTERS/Rupak De Chowdhuri/File Photo NEW DELHI (Reuters) – India has increased the import tax on dozens of electronic products such as mobile phones and television set... More »
U.S. President Donald Trump speaks during an event on deregulation at the White House in Washington, U.S., December 14, 2017. REUTERS/Kevin Lamarque The following statements were posted to the verified Twitter accounts of U.S. President Donald Trump, @realDona... More »
(Reuters) – Republicans in the U.S. Congress reached a deal on tax legislation on Wednesday, clearing the way for final votes next week on a package that, if approved, would be sent to President Donald Trump to sign into law. Formal language of the legislation... More »
An elderly couple looks out at the ocean as they sit on a park bench in La Jolla, California November 13, 2013. REUTERS/Mike Blake CHICAGO (Reuters) – Next month, Oregon will become the first U.S. state to start automatically signing up workers to save for ret... More »
Since mid-2016, U.S. House Speaker Paul Ryan has carried around a "postcard" that he has said shows how easy it will be for Americans to file their taxes once Republicans are finished their tax overhaul. More »
FILE PHOTO – Graduate students rally against the proposed GOP tax reform bill at Union Square in the Manhattan borough of New York City, New York, U.S., November 29, 2017. REUTERS/Shannon Stapleton CHICAGO (Reuters) – Graduate student Mollie Marr is worried th... More »
FILE PHOTO: U.S. President Donald Trump gestures as he speaks at the White House in Washington, U.S., November 27, 2017. REUTERS/Kevin Lamarque WASHINGTON (Reuters) – President Donald Trump’s weekend remark about a scaled-back tax cut for corporations sparked ... More »
WASHINGTON (Reuters) – Millions of households would no longer benefit from federal tax deductions for charity donations, mortgage interest payments and property tax under Republican tax plans being debated in the U.S. Congress, a think tank said on Thursday. T... More »
House Speaker Paul Ryan (R-WI) looks on at the Capitol Christmas Tree lighting ceremony on West Front Lawn of the U.S. Capitol in Washington, U.S., December 6, 2017. REUTERS/Yuri Gripas CHICAGO (Reuters) – Traditionally, U.S. politicians avoid talking about cu... More »
Bavarian Prime Minister and head of the Christian Social Union (CSU) Horst Seehofer arrives for a news conference at the CSU headquarters after a board meeting in Munich, Germany, November 23, 2017. REUTERS/Michael Dalder BERLIN (Reuters) – The leader of Germa... More »
FILE PHOTO: A 3D plastic representation of the Facebook logo is seen in this photo illustration May 13, 2015. REUTERS/Dado Ruvic/Illustration/File Photo SYDNEY (Reuters) – Australia’s competition regulator said on Monday it would investigate whether U.S. onlin... More »
A trader works on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., December 1, 2017. REUTERS/Brendan McDermid NEW YORK (Reuters) – U.S. stock futures opened higher on Sunday after the U.S. Senate approved a tax overhaul bill early Saturday. ... More »
U.S. Senate Majority Leader Mitch McConnell (R-KY) walks to the Senate floor as debate wraps up over the Republican tax reform plan in Washington, U.S., December 1, 2017. REUTERS/James Lawler Duggan WASHINGTON (Reuters) – U.S. Senate Republican leader Mitch Mc... More »
WASHINGTON (Reuters) – U.S. Senate Republicans made last-minute changes to their tax bill to secure enough votes to pass the sweeping legislation on Saturday and move on to negotiations this week on a final measure with Republicans in the House of Representati... More »
FILE PHOTO: Judge Roy Moore participates in the Mid-Alabama Republican Club’s Veterans Day Program in Vestavia Hills, Alabama, U.S., November 11, 2017. REUTERS/Marvin Gentry/File Photo WASHINGTON (Reuters) – Embattled Republican U.S. Senate candidate Roy Moore... More »
U.S. Senate Republican leader Mitch McConnell said on Sunday it would be "ridiculous" for a fight with Democrats over immigration issues to result in a standoff over a year-end spending bill and prompt a shutdown of the federal government. More »
Traders watch, as a television displays the news about former U.S. national security adviser Michael Flynn, at the New York Stock Exchange, (NYSE) in New York, U.S., December 1, 2017. REUTERS/Brendan McDermid SAN FRANCISCO (Reuters) – An abrupt stock selloff o... More »
Demonstrators gather outside the U.S. Capitol to protest the Republican tax plan as it works through the Senate in Washington November 30, 2017. REUTERS/James Lawler Duggan WASHINGTON (Reuters) – U.S. Senate Republicans will grapple on Friday with the possibil... More »
WASHINGTON (Reuters) – Republican U.S. Senator Steve Daines of Montana, one of several senators seen as pivotal to the fate of a Republican tax overhaul plan, said on Friday he would support the tax bill. “After weeks of fighting for Main Street businesses inc... More »
Demonstrators gather outside the U.S. Capitol to protest the Republican tax plan as it works through the Senate in Washington November 30, 2017. REUTERS/James Lawler Duggan WASHINGTON (Reuters) – The U.S. Senate on Thursday delayed voting on a Republican tax o... More »
Charles "Chuck" Johnson is not the kind of foot soldier in the army of lobbyists that House of Representatives Speaker Paul Ryan warned would descend on Washington to fight the biggest overhaul of the tax code since the 1980s. More »
U.S. President Donald Trump attends the National Christmas Tree Lighting and Pageant of Peace ceremony on the Ellipse near the White House in Washington, U.S., November 30, 2017. REUTERS/Carlos Barria The following statements were posted to the verified Twitte... More »
European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium June 14, 2017. REUTERS/Francois Lenoir BRUSSELS (Reuters) – European Union finance ministers will decide on Tuesday on the composition of an EU blacklist of tax havens tha... More »
FILE PHOTO – Volunteers sort donated clothes for Caribbean refugees whose homes were destroyed by Hurricane Irma, at a convention centre in San Juan, Puerto Rico September 14, 2017. The hashtag on the sign reads “Puerto Rico embraces you.” REUTERS/Alvin Baez N... More »
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo CHICAGO (Reuters) – Nothing good lasts forever, and so it is with tax-deferred retirement saving – tha... More »
French President Emmanuel Macron delivers a speech during the International Day for the Elimination of Violence Against Women, at the Elysee Palace in Paris, France, November 25, 2017. REUTERS/Ludovic Marin/Pool BERLIN (Reuters) – During Germany’s election cam... More »
FILE PHOTO: Uzbekistani Som banknotes are seen in this picture illustration taken May 4, 2017. REUTERS/Mukhammadsharif Mamatkulov/Illustration/File Photo TASHKENT/ALMATY (Reuters) – Sensing change in his native Uzbekistan, Hikmat Abdurahmonov plans to build a ... More »
U.S. President Donald Trump gave a bullish Thanksgiving address to troops overseas on Thursday, hailing progress in Afghanistan and against ISIS, and telling them they were fighting for "something real," including a stock market at record highs and his promise... More »
Jamie Dimon, chief executive officer of JPMorgan Chase & Co, on Wednesday said he expects to see a new U.S. president in 2021 and advised the Democratic party to come up with a "pro-free enterprise" agenda for jobs and economic growth instead. More »
U.S. President Donald Trump will meet with congressional leaders next week to discuss "end-of-year legislative issues," a White House spokeswoman said on Wednesday. More »
An aide adjusts a sign prior to a news conference announcing the passage of the “Tax Cuts and Jobs Act” at the U.S. Capitol in Washington, U.S., November 16, 2017. REUTERS/Aaron P. Bernstein NEW YORK (Reuters) – At a retirement community near Chicago, Jay Scha... More »
Saks Fifth Avenue’s holiday light show can be seen on display in the Manhattan borough of New York, U.S., November 27, 2016. REUTERS/Darren Ornitz CHICAGO (Reuters) – If proposed tax overhaul changes are adopted, giving to charity for tax reasons will no longe... More »
German Chancellor Angela Merkel of the Christian Democratic Union (CDU) during the exploratory talks about forming a new coalition government in Berlin, Germany, November 19, 2017. REUTERS/Axel Schmidt BERLIN (Reuters) – Chancellor Angela Merkel said on Monday... More »
U.S. Senator Jeff Flake (R-AZ) talks to reporters as he arrives for the weekly Republican party caucus luncheon at the U.S. Capitol in Washington, U.S. October 31, 2017. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – U.S. President Donald Trump predicted on Sun... More »
U.S. President Donald Trump speaks about his recent trip to Asia in the Diplomatic Room of the White House in Washington, U.S., November 15, 2017. REUTERS/Joshua Roberts WASHINGTON (Reuters) – U.S. President Donald Trump would not insist on including repeal of... More »
Treasury Secretary Steve Mnuchin speaks at a news conference to introduce the Republican tax reform plan at the U.S. Capitol in Washington, U.S., November 9, 2017. REUTERS/Aaron P. Bernstein WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on... More »
U.S. President Donald Trump would not object to removing a provision in a Senate Republican tax plan that would repeal the Obamacare mandate if it "becomes an impediment," White House budget director Mick Mulvaney said on Sunday. More »
(Reuters) – The U.S. Congress is hurtling toward some major tax, budget and other policy deadlines. Some are hard and some are flexible, with the end of 2017 approaching. Here is the Capitol Hill outlook for what promises to be a turbulent November-December. W... More »
Copies of tax legislation are seen during a markup on the “Tax Cuts and Jobs Act” on Capitol Hill in Washington, U.S., November 15, 2017. REUTERS/Aaron P. Bernstein WASHINGTON (Reuters) – Global banks raised concerns on Friday over a provision in the U.S. Sena... More »
Onder Ceyhan, a 25-year old university student, brews his own beer at his home in Ankara, Turkey, November 6, 2017. REUTERS/Umit Bektas ANKARA (Reuters) – Carefully testing the temperature of a bucket of fermenting beer, Onder Ceyhan pushes back the foam to ad... More »
Japanese wages will rise by 2.0 percent to 2.5 percent at next spring's annual negotiations, falling short of Prime Minister Shinzo Abe's goal of 3 percent, economists polled by Reuters predicted. More »
A proposal by the U.S. Senate to change the way shares in startup companies are taxed incited panic and dread in Silicon Valley on Monday, with startup founders and investors warning of nothing less than the demise of their industry should the proposal become ... More »
Congressional Republicans pushed ahead on Monday on a U.S. tax code overhaul as a Senate panel considered the issue, but risks lay ahead with major intraparty disputes unsettled and President Donald Trump returning soon from Asia as the debate heats up. More »
The U.S. House of Representatives Republican leadership is confident it has the votes to pass a tax overhaul bill when it comes to the House floor later this week, the chairman of the tax-writing Ways and Means committee, Representative Kevin Brady, said Monda... More »
President Donald Trump will meet with Republican members of the U.S. House of Representatives on Thursday ahead of the chamber's vote on tax reform legislation, the White House said on Monday. More »
The U.S. Senate Republican tax bill helped soothe nerves in the municipal bond market on Friday, just over a week after the House of Representatives proposed changes that would decrease its future supply of tax-free debt. More »
Cracks in the red-hot U.S. high-yield bond market are starting to widen, with two junk-rated companies pulling their deals on Friday and U.S.-based high-yield funds suffering their second consecutive week of cash withdrawals. More »
German prosecutors said on Friday they had searched a major Frankfurt bank as well as the homes of several suspects on suspicion of tax evasion via so-called "cum-ex" transactions. More »
U.S. Senate Republicans unveiled a tax plan on Thursday that differed from the House of Representatives' version on several key fronts, including how they treat the corporate tax rate, the tax deduction for state and local taxes, and the estate tax. More »
European Union lawmakers called on Friday for stricter EU supervision of Malta's application of the bloc's rules on money laundering and basic rights, stepping up pressure after the assassination of an investigative journalist on the island. More »
A U.S. Senate tax reform proposal unveiled on Thursday does not eliminate a $7,500 electric vehicle tax credit as Republicans in the U.S. House of Representatives have proposed. More »
U.S. retirement savers dodged a speeding train last week when Republican lawmakers racing toward tax reform dropped their plan to sharply reduce allowable tax-deferred contributions to 401(k) plans. That idea is off the table - at least for now. More »
China will exempt banks' interest income from loans to small firms and rural households from value added tax, authorities said on Monday, in the latest step to address a long-standing issue of lack of financing to small firms. More »
U.S. Commerce Secretary Wilbur Ross has kept investments in a shipping firm with significant business ties to Russian President Vladimir Putin's inner circle, U.S. media reported on Sunday, citing leaked documents from an offshore law firm. More »
U.S. House of Representatives Speaker Paul Ryan said on Sunday that Republican lawmakers are weighing a "host of ideas" as the House tax-writing committee begins revising a tax bill this week, though he expects the broad outlines to remain the same. More »
U.S. House speaker Paul Ryan said his colleagues might use the tax overhaul currently under consideration to repeal the Affordable Care Act provision that mandates individuals buy health insurance. More »
The Republican tax bill unveiled last week in the U.S. Congress could disrupt the global supply chains of large, multinational companies by slapping a 20-percent tax on cross-border transactions they routinely make between related business units. More »
CVS Health Corp’s planned US$66bn buy of Aetna Inc is poised to boost the healthcare sector’s share of US investment-grade mergers and acquisitions lending beyond its current one-third share of the US$122bn total as the sector remains a bright spot in an other... More »
The Republican tax plan unveiled on Thursday stirred anger at U.S. universities, which said its proposals to tax endowments of private institutions and repeal a deduction for student-loan interest payments would hurt institutions and students. More »
Some 250 art works from a huge trove hoarded by a collector during the Nazi era went on display in Germany for the first time on Thursday, as its curators pursue efforts to find the rightful owners of pieces identified as looted. More »
A U.S. Republican tax bill unveiled on Thursday offers big multinational companies more benefits than minuses, and could free up extra cash for investments, dividends or improving balance sheets. More »
Some 150 art works from a massive trove amassed by a German collector during the Nazi era went on public display for the first time on Wednesday in the Swiss capital, amid lingering questions about the origins of the collection. More »
President Donald Trump's plan for overhauling the U.S. tax system faced growing opposition from interest groups on Sunday, as Republicans prepare to unveil sweeping legislation that could eliminate some of the most popular tax breaks to help pay for lower taxe... More »
British finance minister Philip Hammond's aim to run a budget surplus by the mid-2020s risks being thrown off track next month if official forecasters rein in rosy assumptions about long-run growth, a leading think tank warned on Monday. More »
Germany expects a budget surplus in 2017, but will not know its full extent until Nov. 9 when the finance ministry gets a new assessment of expected tax revenues, acting Finance Minister Peter Altmaier told broadcaster ARD on Sunday. More »
The U.S. House of Representatives helped pave the way on Thursday for deep tax cuts sought by President Donald Trump and Republican leaders, but barely overcame a revolt within party ranks that could foreshadow trouble ahead. More »
German parties exploring a coalition government have dealt an early blow to French President Emmanuel Macron's hopes for more expansive fiscal policies from Berlin, backing a balanced budget and rejecting the idea of a separate pot of cash for the euro zone. More »
International corporate giants like Apple should pay more tax, the leader of Germany's most pro-business party said, calling for deeper cooperation within the European Union and in the group of 20 leading economies to bring this about. More »
The top U.S. Senate Republican and the White House budget director said on Sunday they hoped for action on a Republican tax reform package by the end of the year, while keeping their options open on how to pay for sweeping tax cuts. More »
U.S. Senate Republican leader Mitch McConnell said on Sunday he was willing to bring healthcare legislation up for a vote but was waiting for the go-ahead from President Donald Trump, who sent mixed signals last week about a bipartisan bill that would shore up... More »
Senate Republican Leader Mitch McConnell said on Sunday he has not abandoned his longtime goal of making sure any tax cuts are revenue neutral, saying the growth estimates in the Republican tax reform plan will offset the cuts. More »
President Donald Trump's tax reform plans won partial support on Friday when Republican U.S. Senator Rand Paul said he was "all in" for massive tax cuts, but the party was still far from united over how to achieve the main item on its domestic agenda. More »
Like the deal-maker he says he is, U.S. President Donald Trump appears to be keeping his options open as his Republican Party threatens to erupt into full-scale war. More »
U.S. Senate Republicans on Monday gained crucial support for a vote on a budget resolution that is vital to President Donald Trump's hopes of signing sweeping tax reform legislation into law before January. More »
U.S. President Donald Trump on Monday declared Obamacare "dead" and "gone," but urged Republicans and Democrats in Congress to craft a short-term fix of healthcare markets under the 7-year-old law that critics say he has effectively sabotaged. More »
U.S. Republican Senator Lisa Murkowski said on Monday that she was leaning toward a "yes" vote on a Senate budget resolution intended to facilitate the passage of tax reform legislation later this year. More »
The gap in U.S. retirement wealth between white and minority families has widened to the point where it really is not a gap anymore. It is a canyon. More »
With the fate of the Affordable Care Act up in the air after President Donald Trump took office in January, some taxpayers skipped a question on their 2016 returns that asked them to certify whether they had health insurance. More »
If you have an aging parent and want a glimpse of what the future holds, look no further than Leslie Glutzer. More »
Spanish Prime Minister Mariano Rajoy said in a newspaper interview that Spain would not be divided, a week after Catalonia held a referendum that authorities there say showed voters overwhelmingly support independence. More »
A new party led by Tokyo Governor Yuriko Koike has unveiled policies it dubs "Yurinomics" that aim to revitalize the economy and cut reliance on fiscal spending and monetary easing, seeking to distance itself from premier Shinzo Abe's more aggressive stimulus ... More »
Congressional Republicans moved to hasten an overhaul of the U.S. tax code on Thursday, while Federal Reserve officials warned in rare public remarks that President Donald Trump's tax plan could lead to inflation and unsustainable federal debt. More »
A self-proclaimed psychic who was paid $3.5 million by an elderly Massachusetts woman in exchange for claiming to cleanse her of demons pleaded guilty on Thursday to trying to avoid paying taxes. More »
If you like the income tax reduction you get for your 401(k) contribution then make sure to max out now, because you may not get the chance in the future. More »
The benefits of raising Japan's sales tax again outweigh the negatives, even if Prime Minister Shinzo Abe diverts some of the additional revenue to education and welfare, an official at ratings agency Moody's Investors Service said on Tuesday. More »
Israel's Bank Hapoalim said on Tuesday the amount it may have to pay in a future settlement with U.S. authorities in a tax evasion probe could be "significantly higher" than previously thought and the provision for it may have to be raised. More »
U.S. Senator Rand Paul, a conservative maverick who helped kill the latest Republican effort to overturn Obamacare, took issue with President Donald Trump's tax plan on Monday, asking in a tweet if it was really Republican. More »
