WASHINGTON (AP) — The Supreme Court on Thursday upheld a tax on foreign income over a challenge backed by business and anti-regulatory interests, declining their invitation to weigh in on a broader, never-enacted tax on wealth. The justices, by a 7-2 vote, left in place a provision of a ...
WASHINGTON (AP) — The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says. The proposed rule and guidance announced Monday includes plans to essentially stop “partnership ...
REDMOND, Wash. (AP) — New laptops equipped with Microsoft Windows start shipping to customers next week without a flagship feature called Recall that drew concerns about privacy and cybersecurity. Microsoft CEO Satya Nadella touted the new Recall feature at a showcase event last month, ...
WASHINGTON (AP) — The Supreme Court on Friday struck down a Trump-era ban on bump stocks, the rapid-fire gun accessories used in the deadliest mass shooting in modern U.S. history, in a ruling that threw firearms back into the nation’s political spotlight. The high court’s conservative ...
WASHINGTON (AP) — President Joe Biden’s grip on a key federal energy commission will last beyond his first term, giving a boost to the Democrat’s push for renewable energy regardless of the election results in November. The Senate ensured that political reality as lawmakers approved ...
WASHINGTON (AP) — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. The policymakers’ forecast for one rate cut was down from their ...