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TOKYO — Japan and the IOC have agreed to postpone the 2020 Summer Olympic Games in Tokyo for up to one year.The Summer Games will now likely take place in Tokyo in 2021.According to 194

The Trump administration has announced that most individuals and businesses will be allowed to delay paying their federal tax bills for 90 days as part of an emergency relief plan amid the coronavirus pandemic.Some questions and answers about the delay and its potential impact on the U.S. economy.___DO I STILL NEED TO FILE?Yes.The details on the program are still scant. But as of now, taxpayers need to file their federal tax returns by the traditional April 15 deadline. The 90-day extension is solely for the money that is due. Those delayed payments are now due July 15.However, taxpayers who are facing difficulty filing on time always still have the option to request a six-month extension. Visit the IRS 725

Thousands of Apple iPhone owners are reporting problems with the newest iOS updates, released just before the end of the year.Among them, Regina Horton, who says she can no longer make calls."You can see it just says 'searching' up at the top," she said. "That means I have no cellular service, and that my phone couldn't make calls."It all happened when she upgraded her older iPhone 5S, which last year had a new battery recently installed, to Apple's newest operating system, iOS 12.1.1, released to the public December 5, 2018 (after several months in Beta). 574

The Trump administration is proposing tariffs on up to .4 billion worth of French imports — including Roquefort cheese, handbags, lipstick and sparkling wine — in retaliation for France’s tax on American tech giants like Google, Amazon and Facebook.The Office of the U.S. Trade Representative charged Monday that France’s new digital services tax discriminates against U.S. companies. The trade office will accept public comments on the tariffs, which could hit 100%, through Jan. 6 and hold a hearing Jan. 7.The French tax is designed to prevent tech companies from dodging taxes by putting headquarters in low-tax European Union countries. It imposes a 3% annual levy on French revenues of digital companies with yearly global sales worth more than 750 million euros (0 million) and French revenue exceeding 25 million euros.The U.S. also criticized the French tax for targeting companies’ revenue, not their profits, and for being retroactive.The decision to pursue tariffs “sends a clear signal that the United States will take action against digital tax regimes that discriminate or otherwise impose undue burdens on U.S. companies,” U.S. Trade Representative Robert Lighthizer said.His agency investigated the French tax under Section 301 of the Trade Act of 1974 — the same provision the Trump administration used last year to probe China’s technology policies, leading to tariffs on more than 0 billion worth of Chinese imports in the biggest trade war since the 1930s.Lighthizer warned that the U.S. is also exploring whether to pursue Section 301 investigations into digital taxes introduced by Austria, Italy and Turkey.The decision to target France got bipartisan endorsement from Iowa Republican Sen. Chuck Grassley and Oregon Democratic Sen. Ron Wyden. In a joint statement, they assailed the French digital tax as “unreasonable, protectionist and discriminatory.”The tech trade group ITI said it welcomed the administration’s decision and urged continued negotiations on international taxes under the auspices of the Organization for Economic Cooperation and Development.The tariff announcement is likely to increase tension between the United States and Europe. The U.S. is already readying tariffs on .5 billion in EU imports over illegal subsidies for the European aircraft giant Airbus. The World Trade Organization on Monday 2367

Treasury Secretary Steven Mnuchin on Thursday encountered a blitz of questions from House Democrats seeking to establish a legal basis for requesting President Donald Trump's tax returns.It was the first time Trump's top finance chief, a close ally of the President, was forced to publicly address the unprecedented issue of whether he would comply with an obscure law that may require him to turn over his boss' tax returns, if a formal request is made by Massachusetts Rep. Richard Neal, the Democratic chairman of the House Ways and Means Committee.Throughout a more than two-hour hearing on Capitol Hill, Democrats asked Mnuchin to state exactly how he would handle such a request, which the secretary carefully tried to side-step, at one point, even jokingly noting, "There's a lot of interest in 6103 today" -- a reference to the tax law.Mnuchin told lawmakers he would obey the law if he receives a written request from Congress to turn over Trump's tax returns -- but also suggested that the decision to release the returns would fall to the commissioner of the Internal Revenue Service, the country's federal tax collector.Trump has refused to release his tax returns, 1190