United states federal tax

(CNN) Five state-owned Chinese companies, including the country's leading energy and chemical company, have chosen to delist from the New York Stock Exchange by the end of August. In separate statements issued Friday, China Life Insurance, PetroChina, Sinopec, Aluminum Corporation of China and Sinopec Shanghai Petrochemical said they had notified the NYSE and applied for "voluntary delisting." All five companies cited "low turnover in the US" and "high administrative burden and costs" as their reason for the departure. However, the news comes after all five were flagged by the US Securities and Exchange Commission in May, according to Reuters, for failing to meet US auditing standards. China's securities watchdog, the China Securities Regulatory Commission, said on Friday that it is aware of the situation and that "it is normal for companies to list or delist from any market." Read More "We will keep in touch with foreign regulatory … [Read more...] about Five state-owned Chinese companies to delist from New York Stock Exchange

This is a carousel. Use Next and Previous buttons to navigate 5 DENVER (AP) — The fliers piled up in mailboxes in central South Dakota like snow during a high-plains blizzard: “Transgender Sex Education in Schools?” one asked. “Vote Against Sex Ed Radical Mary Duvall for State Senate.” The mailers were part of a $58,000 campaign against the five-term Republican lawmaker, an enormous sum of money in a place where the cost of running for a statehouse seat is typically in the low five figures. Despite the subject of the attack ads, Duvall was targeted not for her stance on sex education but for her opposition to a longshot bid by some conservatives to force a convention to amend the U.S. Constitution. “I knew they were angry at me, but I had no idea this was going to be coming during my primary campaign,” said Duvall, who ended up losing her race by 176 votes. Duvall opposed legislation that would have added South Dakota to 19 other … [Read more...] about GOP spends big in state-level effort to change Constitution

SHANGHAI/HONG KONG - Five Chinese state-owned companies, including oil giant Sinopec and China Life Insurance, said on Friday (Aug 12) they would delist from the New York Stock Exchange, amid economic and diplomatic tensions with the United States. The companies, which also include Aluminium Corporation of China (Chalco), PetroChina and a separate Sinopec entity, Sinopec Shanghai Petrochemical, each said they would apply to delist their American Depository Shares this month. The five, which in May were flagged by the US securities regulator as failing to meet its auditing standards, will keep their listings in Hong Kong and mainland Chinese markets. Beijing and Washington are in talks to resolve a long-running audit dispute which could potentially result in Chinese companies being banned from US exchanges if they do not comply with US rules. Washington has long demanded complete access to the books of US-listed Chinese companies, but Beijing bars foreign inspection of audit … [Read more...] about 5 Chinese state-owned companies to delist from NYSE amid US tensions

The state Supreme Court says apartment owners in Oakland can challenge a waste-hauling fee that was passed along to them after the city negotiated it with garbage-collection companies. Though the case is not over, the ruling could be a first step toward substantial court-ordered refunds in many California cities and counties if the fees are found to be illegal tax increases. Oakland and its trash collector, Waste Management of Alameda County, first agreed on the fee, initially $25 million, in 2013 as a price for the company to use city streets and pick up and dispose of solid wastes. The city later reached a separate $3 million annual contract with another company, California Waste Solutions, for recycling. Similar fees for trash collection and a variety of other services have been approved by local governments across the state, which classify them as payments for exclusive franchises to do business on streets and other public property. But a suit by apartment owners in Oakland … [Read more...] about Oakland apartment owners can challenge trash collection fee, state Supreme Court rules

The Aurora City Council has been among those leading an effort to stop cities from taxing state-government fees, including statewide fees on plastic bags and retail delivery orders. The Colorado Legislature passed SB21-260 last year, which approved new statewide government fees to help fund transportation, and the 27-cent delivery fee (subject to inflation) for any sales in Colorado went into effect on July 1. The plastic bag fee is set to go into effect in January. Although the fees were not supposed to be taxed, home-rule cities were taxing the fees because of their “purchase price” definitions. Aurora Council member Dustin Zvonek said he was surprised to learn that the city taxed these fees and then found out there were other fees on the books that are subject to the city’s 3.75% municipal sales tax. So he decided to propose an ordinance that would exempt these fees from taxes, and the Colorado Municipal League has now created model legislation for other cities to exempt … [Read more...] about Aurora, Denver consider halt to “indefensible” practice of taxing statewide fees

close Video Fox News Flash top headlines for August 12 Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. NEW You can now listen to Fox News articles! Federal officials have agreed to recognize Connecticut pardons as legally valid again and stop deporting people who have been pardoned for their crimes by a state board, reversing a hard-line stance taken by the Trump administration, authorities announced Friday. Connecticut Attorney General William Tong said the departments of Justice and Homeland Security under Trump had abandoned six decades of practice by singling out Connecticut and refusing to acknowledge its pardons — because they are issued by a board instead of the governor. Five other states — Alabama, Georgia, Idaho, South Carolina and Utah — have similar pardon systems, but the federal government did not stop recognizing their pardons, Tong said. The five states are more conservative than … [Read more...] about Federal officials reverses hard-line stance from Trump administration by acknowledging Connecticut pardons

BILLINGS, Mont. (AP) — A federal judge on Friday reinstated a moratorium on coal leasing from federal lands that was imposed under former President Barack Obama and then scuttled under former President Donald Trump. The ruling from U.S. District Judge Brian Morris requires government officials to conduct a new environmental review before they can resume coal sales from federal lands. Almost half the nation’s annual coal production — some 260 million tons last year — is mined by private companies from leases on federal land, primarily in Western states such as Wyoming, Montana and Colorado. Few coal leases were sold in recent years after demand for the fuel shrank drastically. But the industry’s opponents had urged Morris to revive the Obama-era moratorium to ensure it can’t make a comeback as wildfires, drought, rising sea levels and other effects of climate change worsen. Coal combustion for electricity remains one of the top sources of U.S. greenhouse gas emissions, even … [Read more...] about Judge revives Obama-era ban on coal sales from federal lands

close Video Fox News Flash top headlines for August 12 Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. NEW You can now listen to Fox News articles! A federal judge on Friday reinstated a moratorium on coal leasing from federal lands that had been implemented during the Obama administration . The ban was lifted under former President Donald Trump. Friday's ruling from U.S. District Judge Brian Morris requires government officials to conduct a new environmental review prior to resuming coal sales from federal lands. The judge said the government's previous review of the program during the Trump administration had not adequately considered the climate damage from coal's greenhouse gas emissions, among other effects. Almost half the nation’s annual coal production is mined by private companies from leases on federal land, mainly in Western states, including Wyoming, Montana and Colorado. FLINT … [Read more...] about Judge reinstates Obama-era ban on coal sales from federal land

NEW YORK - FBI agents who searched former president Donald Trump's Florida home this week removed 11 sets of classified documents including some marked as top secret, the US Justice Department said on Friday (Aug 12) while also disclosing that prosecutors had probable cause to believe Trump may have violated the Espionage Act. The bombshell disclosures were made in a search warrant and accompanying legal documents released four days after FBI agents carried out the search of Trump's Mar-a-Lago residence in Palm Beach based on a warrant approved by a federal magistrate judge. The Espionage Act, one of three laws cited in the warrant application, dates to 1917 and makes it a crime to release information that could harm national security. Trump, in a statement on his social media platform, said the records at issue were "all declassified" and placed in "secure storage." "They didn't need to 'seize' anything. They could have had it anytime they wanted without playing politics and … [Read more...] about FBI seized top secret documents at Trump’s home; Espionage Act cited

NEW YORK - Salman Rushdie, the Indian-born novelist who spent years in hiding after Iran urged Muslims to kill him because of his writing, was stabbed in the neck and torso onstage at a lecture in New York state on Friday (Aug 12) and airlifted to a hospital, police said. After hours of surgery, Rushdie was on a ventilator and unable to speak on Friday evening after an attack condemned by writers and politicians around the world as an assault on the freedom of expression. "The news is not good," Andrew Wylie, his book agent, wrote in an email. "Salman will likely lose one eye; the nerves in his arm were severed, and his liver was stabbed and damaged." Rushdie, 75, was being introduced to give a talk to an audience of hundreds on artistic freedom at western New York's Chautauqua Institution when a man rushed to the stage and lunged at the novelist, who has lived with a bounty on his head since the late 1980s. Stunned attendees helped wrest the man from Rushdie, who had fallen to … [Read more...] about Indian-born novelist on ventilator after being stabbed at a lecture in New York