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businessNews reuters.com

Congress secures tax deal, Trump backs 21-percent corporate rate

WASHINGTON (Reuters) - Congressional Republicans have reached a deal on final tax legislation, the U.S. Senate's top Republican tax writer said on Wednesday, with President Donald Trump saying he would back a sharply lowered corporate tax rate of 21 percent.

Voting and Voters nytimes.com

Op-Ed Columnist: Scam I Am: Why is the G.O.P. Rushing This Tax Abomination?

It’s bad politics as well as bad policy, but Republicans either don’t get that or don’t care

businessNews reuters.com

Senate secures tax deal, Trump backs 21-percent corporate rate

WASHINGTON (Reuters) - Congressional Republicans have reached a deal on final tax legislation, the top Senate Republican tax writer said on Wednesday, with President Donald Trump saying minutes later he would back a corporate tax rate of 21 percent.

cnn.com

Republicans in House and Senate strike a deal on tax bill

House and Senate Republicans have struck a tentative deal on a tax bill Wednesday, a major step in ensuring the GOP majority is on its way to deliver an overhaul of the US tax system by the holidays.

companyNews reuters.com

UPDATE 3-Honeywell sees higher 2018 profit, says tax bill could spur investment

* Shares up 1.6 percent (Adds CFO quotes from conference call and analyst comment; updates share)

businessNews reuters.com

With rate hike in the bag, Fed may hint at Trump effect on economy

WASHINGTON (Reuters) - The Federal Reserve is widely expected to raise interest rates on Wednesday, but, more significantly, it may give its strongest hint yet on how the Trump administration's tax overhaul could affect the U.S. economy.

United States Economy nytimes.com

Treasury Defends Tax Plan in One-Page Analysis

A long-awaited document says the $1.5 trillion plan will pay for itself, assuming robust economic growth from a host of policies yet to be enacted.

politicsNews reuters.com

Trump to give speech on U.S. tax overhaul on Wednesday: White House

WASHINGTON (Reuters) - U.S. President Donald Trump will deliver a speech on the plan to overhaul the nation's tax code on Wednesday, the White House said on Monday.

politicsNews reuters.com

Powell faces early test of policy view as tax cuts near approval

WASHINGTON (Reuters) - Incoming Federal Reserve chair Jerome Powell, chosen by U.S. President Donald Trump to keep the recovery humming, appears set to let an expected trillion=dollar tax cut run its course through the economy as weak wage growth and inflation buttress his view that the economy remains underpowered.

companyNews reuters.com

UPDATE 1-Congolese lower house adopts new mining code that increases taxes

DAKAR, Dec 10 (Reuters) - The Congolese lower house of parliament has adopted a new mining code that will increase taxes and royalties, two members of parliament and an aide to the speaker said.

environmentNews reuters.com

France to push for European financial transactions tax

PARIS (Reuters) - France will push for an European financial transactions tax to fund the fight against climate change, four French government ministers said in a joint statement.

cnn.com

Where Congress stands on GOP tax plan, shutdown

Republican leaders in Congress are charging toward the end of the year with two major goals in mind: Passing a landmark overhaul of the US tax system and keeping the federal government running.

politicsNews reuters.com

Aide tries to refocus tax debate after Trump's corporate rate remark

WASHINGTON (Reuters) - President Donald Trump's weekend remark about a scaled-back tax cut for corporations sparked behind-the-scenes debate in the U.S. Congress, with a White House aide trying on Thursday to minimize the impact of the president's comment.

cnn.com

Tax bill could make 'dark money' political contributions tax deductible

For the first time in American politics, anonymous "dark money" political donations could become tax-deductible. That's if a provision currently being debated between House and Senate negotiators makes it into the final tax bill.

businessNews reuters.com

Hilton says tax cut would finance share buybacks

NEW YORK (Reuters) - Hilton Worldwide Holdings Inc would use the windfall from a lower U.S. corporate tax rate to finance share buybacks from investors, company executives said, highlighting how corporate savings would be spent under the Republican tax plan.

businessNews reuters.com

Uber's license suspended in British city of Sheffield

LONDON (Reuters) - Uber's license to operate in the northern English city of Sheffield was suspended last Friday after it failed to respond to requests about the management of its taxi app, the local authority said.

companyNews reuters.com

UPDATE 1-Uber's licence suspended in British city of Sheffield

LONDON, Dec 7 (Reuters) - Uber's licence to operate in the northern English city of Sheffield was suspended last Friday after it failed to respond to requests about the management of its taxi app, the local authority said.

United States Politics and Government nytimes.com

Republicans Move to Resolve Tax Bill Differences as Cost Concerns Loom

The Senate voted to begin the formal process of reconciling its tax bill with the House version as lawmakers continued to discuss changes to the legislation.

politicsNews reuters.com

Congress tax negotiators may have final bill before Dec. 22

WASHINGTON (Reuters) - The U.S. Congress may be able to wrap up tax negotiations before Dec. 22 and send a final bill to President Donald Trump, Republican Senator John Cornyn said on Wednesday.

politicsNews reuters.com

Senate to vote later on Wednesday to work with House on tax bill: McConnell

WASHINGTON (Reuters) - U.S. Senate Majority Leader Mitch McConnell said the Senate will vote later on Wednesday on whether to send its tax legislation to a conference to hammer out differences with the U.S. House of Representatives' version of the plan.

politicsNews reuters.com

Trump says tax conference will go well, 'pretty quickly'

WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday he expected the conference committee hammering out tax legislation in Congress will work well and get the job done fast.

companyNews reuters.com

UPDATE 2-EU adopts tax haven blacklist, British territories spared

* EU states failed to agree on levy on transactions to tax havens

businessNews reuters.com

Tech stocks rebound as investors assess tax bill details

(Reuters) - Wall Street rose and technology stocks recovered from a two-day selloff on Tuesday, with investors assessing a change to the Senate's version of the tax overhaul bill that could affect the ability of companies to cut their tax bills.

topNews reuters.com

EU adopts tax haven blacklist, British territories spared

BRUSSELS (Reuters) - European Union finance ministers adopted a blacklist of 17 jurisdictions deemed as tax havens on Tuesday, in an unprecedented step to counter worldwide tax avoidance, although they did not agree on financial levies for the listed countries.

companyNews reuters.com

GLOBAL MARKETS-Copper prices drop; Wall St's tax rotation pauses

* Dollar gains for second day on U.S. tax reform hopes (Updates with open of U.S. markets; changes dateline from London)

companyNews reuters.com

UPDATE 1-EU adopts tax haven blacklist, British territories spared

* EU states failed to agree on levy on transactions to tax havens

Federal Taxes (US) nytimes.com

How New Yorkers Would Lose Under the Republican Tax Bill

The legislation could send home prices tumbling, increase the region’s tax burden, and make it harder for local governments to pay for infrastructure.

businessNews reuters.com

Bank stocks favored over tech as tax bill makes headway

(Reuters) - Wall Street indexes rose on Monday as Republican-led efforts to slash corporate tax rates cleared a major hurdle, with investors picking stocks that have lagged for much of the year including shares of financial and industrial companies.

companyNews reuters.com

US STOCKS-Bank stocks favored over tech as tax bill makes headway

* Indexes up: Dow 0.99 pct, S&P 0.42 pct, Nasdaq 0.54 pct (Changes comment, adds company details, updates prices)

businessNews reuters.com

Shares of big U.S. banks jump as Senate approves tax overhaul

(Reuters) - Shares of the biggest U.S. banks rose on Monday, after the Senate approved a tax overhaul bill on Saturday, raising investor hopes that their earnings would get a boost from a significantly lower tax bill.

businessNews reuters.com

Wall St. set to rally after Senate approves tax bill

(Reuters) - Wall Street was set to start the week on a bright note after the U.S. Senate passed its version of a tax overhaul bill, bringing closer to reality President Donald Trump's promise of cutting corporate taxes to spur growth.

businessNews reuters.com

U.S. corporate alternative minimum tax should be removed: House Republican

WASHINGTON (Reuters) - The alternative minimum tax on corporations, which had been included in the U.S. Senate's tax bill, should be eliminated in the final legislation, Kevin McCarthy, the No. 2 Republican in the House of Representatives, said on Monday.

businessNews reuters.com

Shares of big U.S. banks rise as Senate approves tax overhaul

(Reuters) - Shares of the biggest U.S. banks were higher after the Senate approved a tax overhaul bill on Saturday, which will provide significant tax cuts for businesses.

businessNews reuters.com

Stock futures jump after Senate approves tax bill

(Reuters) - U.S. stock futures pointed to a solid open for Wall Street on Monday after the U.S. Senate passed its version of a tax overhaul bill, bringing closer to reality President Donald Trump's promise of cutting corporate taxes to spur growth.

companyNews reuters.com

UPDATE 1-Euro zone yields higher on U.S. tax plan as key Eurogroup meeting looms

* Euro zone yields 3 to 5 bps higher as tax plan finally passes

companyNews reuters.com

UPDATE 1-U.S. equity index futures open higher after Senate passes tax bill

NEW YORK, Dec 3 (Reuters) - U.S. stock futures opened higher on Sunday after the U.S. Senate approved a tax overhaul bill early Saturday.

companyNews reuters.com

U.S. equity index futures open higher after Senate passes tax bill

NEW YORK, Dec 3 (Reuters) - U.S. stock futures opened higher on Sunday after the U.S. Senate approved a tax overhaul bill early Saturday.

Corporate Taxes nytimes.com

How a Company Actually Plans to Spend Its Tax Cut Money

Republicans say their proposals will set off a wave of investment, hiring and raises. But the outlook from the executive suite is not so clear.

cnn.com

Analysis: GOP just bet the 2018 election on an unpopular tax plan

While you were sleeping, Senate Republicans passed President Donald Trump's tax plan. And, in so doing, they gambled the entire 2018 election on it.

environmentNews reuters.com

Drilling in Alaska refuge likelier as Senate clears tax bill

WASHINGTON (Reuters) - Oil and gas drilling in a vast northern Alaskan wildlife refuge the U.S. government has protected since 1960 moved a step closer to reality on Saturday with the passage by U.S. Senate Republicans of the tax bill.

cnn.com

Senator's tax rant goes viral

Democratic senators took to Twitter to criticize the GOP tax bill's process before it was eventually passed by 51 Republican senators.

cnn.com

How all but one GOP senator found a way to pass tax reform

Republicans are finally on the verge of enacting a signature legislative achievement.

politicsNews reuters.com

Senate Republicans lock up votes to pass tax bill: McConnell

WASHINGTON (Reuters) - U.S. Senate Republicans said on Friday they had gathered the votes needed to pass a sweeping tax overhaul, after last-minute negotiations to ease some senators' concerns about the bill's impact on the federal deficit, healthcare and property taxes.

politicsNews reuters.com

Senate Republicans pin down votes to pass tax bill: McConnell

WASHINGTON (Reuters) - U.S. Senate Republicans said on Friday they had enough support to pass a sweeping tax overhaul later in the day, after last-minute negotiations to ease some senators' concerns about its impact on the federal deficit, healthcare and property taxes.

cnn.com

Tapper fact checks tax plan claims

CNN's Jake Tapper, in partnership with FactCheck.org, looks at claims from both sides about the new Republican tax plan. Read more at FactCheck.org

Federal Taxes (US) nytimes.com

Dueling Tax Plans: Here’s What the Senate and House Have to Resolve

The Senate is poised to pass its tax bill but it still needs to be reconciled with the House-passed legislation, which differs in some significant ways from the Senate plan.

businessNews reuters.com

S&P, Dow open flat as tax bill weighs

(Reuters) - The S&P 500 and Dow opened little changed on Friday after a record day for stocks, amid concerns over the passage of a Republican tax overhaul as lawmakers debated over the bill's impact on the federal deficit.

companyNews reuters.com

US STOCKS SNAPSHOT-S&P, Dow open flat as tax bill weighs

Dec 1 (Reuters) - The S&P 500 and Dow opened little changed on Friday after a record day for stocks, amid concerns over the passage of a Republican tax overhaul as lawmakers debated over the bill's impact on the federal deficit.

businessNews reuters.com

Asian shares, dollar pare gains after US tax bill vote delayed

TOKYO (Reuters) - Asian shares and the dollar rose modestly early on Friday in the wake of Wall Street's advances, but those gains were pared as investors awaited the U.S. Senate's vote on tax reform legislation.

companyNews reuters.com

GLOBAL MARKETS-Asian shares, dollar pare gains after US tax bill vote delayed

TOKYO, Dec 1 (Reuters) - Asian shares and the dollar rose modestly early on Friday in the wake of Wall Street's advances, but those gains were pared as investors awaited the U.S. Senate's vote on tax reform legislation.

businessNews reuters.com

Asian shares pare gains as vote on US tax bill delayed

TOKYO (Reuters) - Asian shares and the dollar pared their modest gains on Friday, with risk appetites supported by advances on Wall Street but capped by concern as investors awaited the U.S. Senate's vote on U.S. tax reform legislation.

companyNews reuters.com

GLOBAL MARKETS-Asian shares pare gains as vote on US tax bill delayed

TOKYO, Dec 1 (Reuters) - Asian shares and the dollar pared their modest gains on Friday, with risk appetites supported by advances on Wall Street but capped by concern as investors awaited the U.S. Senate's vote on U.S. tax reform legislation.

cnn.com

Treasury's tax analysis still missing ahead of key Senate vote

companyNews reuters.com

GLOBAL MARKETS-Asian shares edge up with US tax bill in focus

TOKYO, Dec 1 (Reuters) - Asian shares pushed higher on Friday, cheered by Wall Street gains after apparent progress on U.S. tax legislation as investors waited for the Senate's vote, while higher U.S. Treasury yields underpinned the dollar.

businessNews reuters.com

Wall Street gains, Dow tops 24,000 as tax bill gains steam

NEW YORK (Reuters) - The S&P closed at a record high and the Dow Jones Industrial Average broke above the 24,000 mark for the first time on Thursday as investors gained confidence that the Republican party's push for a U.S. tax overhaul would succeed.

businessNews reuters.com

Wall Street up, Dow tops 24,000 as tax bill gains steam

NEW YORK (Reuters) - The Dow Jones Industrial Average broke the 24,000 mark for the first time on Thursday and other Wall Street indexes rallied on increasing indications the Republican party's push for a U.S. tax overhaul may get enough support to pass.

businessNews reuters.com

Dow tops 24,000 as tax bill garners crucial support

(Reuters) - The Dow Jones Industrial Average broke the 24,000 mark for the first time on Thursday and other Wall Street indexes rallied on strong indications that President Donald Trump's tax-cut plan may get enough support to pass.

cnn.com

The Point: The 37 most Trumpian lines from Trump's tax speech

Wednesday was one of the wildest news days in modern memory. Because so much happened, you might have missed President Trump's speech in St. Charles, Missouri, to sell his tax plan. As always, when Trump speaks, it's worth paying attention to.

cnn.com

McCain backs 'far from perfect' Senate GOP tax plan

Sen. John McCain said Thursday he will support Senate Republicans' tax plan, a major sign of progress for GOP leaders as the party barrels toward a vote on their overhaul of the US tax system by the end of the week.

businessNews reuters.com

Dow breaks above 24,000 mark as tax bill wins crucial support

(Reuters) - The Dow Jones Industrial Average pierced through the 24,000 mark for the first time on Thursday and the other indexes rallied on strong indications that President Donald Trump's tax-cut plan may get enough support for passage.

companyNews reuters.com

US STOCKS-Dow breaks above 24,000 mark as tax bill wins crucial support

* Indexes up: Dow 0.61 pct, S&P 0.44 pct, Nasdaq 0.54 pct (Changes comment, adds details, updates prices)

businessNews reuters.com

Dow opens above 24,000 for first time

(Reuters) - The Dow Jones Industrial Average opened above the 24,000 mark for the first time on Thursday, supported by a rebound in technology stocks and progress on President Donald Trump's tax-cut plan.

Fact Check nytimes.com

Fact Check: Trump Sells Tax Plan With False Claims

President Trump said he was the “opposite of an exaggerator” before falsely claiming the tax cut “is not good for me” and would be the largest in history.

Federal Taxes (US) nytimes.com

Editorial: The Senate is Rushing to Pass Its Tax Bill Because It Stinks

This is no way to handle a complex piece of legislation, and the Republicans must know it.

Corporate Taxes nytimes.com

A Business Tax Fight Erupts Over the ‘Haves’ and ‘Have-Mores’

Two senators say big companies get preferential treatment over smaller businesses known as pass-throughs. But the math doesn’t back up their argument.

United States Economy nytimes.com

Trump Sells Tax Plan as ‘Rocket Fuel’ as Economy Strengthens

President Trump says the country needs a tax cut to boost economic growth, but the economy already is humming, unemployment is low and inflation may be picking up.

politicsNews reuters.com

No. 2 Republican in U.S. House sees conference on tax bill soon

WASHINGTON (Reuters) - The No. 2 Republican in the U.S. House of Representatives said on Wednesday the Senate would likely vote on its tax bill this week and that lawmakers from both chambers would get together "as quickly as possible" to resolve differences between their two bills.

businessNews reuters.com

New electric London taxi poised for second overseas market

LONDON (Reuters) - London's black-cab maker could strike a deal soon on the second overseas market for the new electric version of its famous taxi, the boss of the Chinese Geely-owned firm told Reuters on Wednesday.

Taxation nytimes.com

Republicans Clear Major Hurdle as Tax Bill Advances

Republicans took a significant step forward on Tuesday when a key panel passed the $1.5 trillion tax cut, clearing the way for a full Senate vote later in the week.

politicsNews reuters.com

Senate Republicans shove tax bill ahead as Democrats fume

WASHINGTON (Reuters) - U.S. Senate Republicans rammed forward President Donald Trump's tax-cut bill on Tuesday in an abrupt, partisan committee vote that set up a full vote by the Senate as soon as Thursday, although some details of the measure remained unsettled.

cnn.com

Senators to face off in CNN tax debate

While Congress continues to push for tax reform, senators from across the aisle will debate Tuesday evening over their respective visions for the future of the US tax code.

cnn.com

How the GOP's tax bill came back to life

In a matter of hours, the Republican tax bill -- the last hope Republican senators had of making a major legislative push this year -- went from hanging on by a thread to moving full steam ahead to the Senate floor.

politicsNews reuters.com

Senate Republicans shove tax bill ahead; spending fight erupts

WASHINGTON (Reuters) - U.S. Senate Republicans rammed forward President Donald Trump's tax cut bill on Tuesday in an abrupt, partisan committee vote that set up a full vote by the Senate as soon as Thursday, although some details of the measure remained unsettled.

businessNews reuters.com

Surging banks lead Wall Street to highs as tax plan advances

(Reuters) - Wall Street surged to record highs on Tuesday led by sharp gains in bank stocks, and boosted by progress for a tax cut bill, strong consumer confidence data and encouraging comments from President Donald Trump's nominee to lead the Federal Reserve.

cnn.com

It's a crucial day on Capitol Hill as GOP senators continue to voice concerns over their party's tax plan

Evening meetings. Late night calls. An all out push behind the scenes from several officials atop President Donald Trump's administration.

cnn.com

Will the tax plan break the Republican coalition?

Since Ronald Reagan was elected president in 1980, the Republican coalition has revolved around a delicate but durable balancing act. The ongoing drive to complete the GOP's tax bill will test whether that balance can endure under the heightened stress Donald Trump's tumultuous presidency is imposing on it.

politicsNews reuters.com

Senate tax drama intensifies as bill faces key panel vote

WASHINGTON (Reuters) - President Donald Trump's drive to overhaul the U.S. tax code headed toward a new drama on Tuesday in the Senate, where a pair of Republican lawmakers demanded changes to the party's tax bill in exchange for their help in moving the measure forward.

cnn.com

Where the GOP senators stand on tax reform

Republicans are trying to get their plan to overhaul the US tax system through the US Senate this week, but with 52 members in the chamber, GOP leaders can afford to lose only two votes.

politicsNews reuters.com

Trump's tax bill faces potential Senate Republican opposition

WASHINGTON (Reuters) - A U.S. Senate Republican tax bill strongly backed by President Donald Trump faced potential opposition on Monday from two Republican lawmakers who could prevent the sweeping legislation from reaching the Senate floor.

United States Politics and Government nytimes.com

The Republican Senators Who Might Oppose the Tax Bill

A handful of Republican senators are on the fence about President Trump’s tax plan. Here are their concerns.

politicsNews reuters.com

Trump's tax bill balloons deficit, hurts poor: analysts

WASHINGTON (Reuters) - The latest U.S. Senate version of a Republican tax bill, strongly backed by President Donald Trump, would balloon the federal budget deficit and hurt poor Americans more than first estimated, congressional fiscal analysts said on Monday.

cnn.com

Trump wants this tax cut. It was a disaster in Kansas

One of the key offerings of the Republican tax plan: reducing the tax rate for pass-through businesses. It's a move they say will boost small businesses and create jobs. One state tried it recently, and the result was an economic and political fiasco.

cnn.com

CBO: Senate tax plan would increase deficit

The Senate GOP's tax plan would increase the deficit by $1.4 trillion over the next 10 years, the Congressional Budget Office estimates.

United States Politics and Government nytimes.com

Op-Ed Columnist: Will These Senators Live Up to Their Own Principles?

President Trump’s tax bill violates those principles.

cnn.com

What to watch: Trump's final tax reform push

Trump's tax reform push, court changes, the CFPB controversy, sex harassment conversations on the Hill, and CHIP's future--it's all on Inside Politics.

cnn.com

IRS beefs up security for Trump tax returns

President Trump bucked tradition when he decided not to release his tax returns and now the IRS is going to unprecedented lengths to make sure they don't end up in the public eye. CNN's Cristina Alesci reports.

politicsNews reuters.com

Trump to discuss tax plan with Senate Republicans next week: senator

WASHINGTON (Reuters) - U.S. President Donald Trump will meet with Senate Republicans next week to discuss their party's efforts to pass tax reform legislation, the chairman of the Senate Republican Policy Committee said on Friday.

cnn.com

Here are the Senate Republicans who will decide the fate of the tax bill

In the US Senate, the tax bill could fail or succeed based off of the votes of just a handful of members. After recess this week, Senators will return from Thanksgiving and move immediately to vote on a plan that would permanently lower the corporate tax rate, temporarily lower rates across the middle-class and would drastically reshape the country's tax code.

cnn.com

Kellyanne Conway changes tune on Roy Moore

Kellyanne Conway suggested that the White House remains open to Roy Moore's embattled senate candidacy on Monday when she told Fox & friends that "we want the votes in the Senate to get this tax bill through" -- less than a week after Conway said that "no Senate seat is worth more than a child" in the wake of a series of sexual allegations against Moore.

politicsNews reuters.com

White House wants Alabama to help pass tax overhaul package: adviser

WASHINGTON (Reuters) - The White House is relying on a vote from Alabama to get tax overhaul legislation through Congress, senior adviser Kellyanne Conway said on Monday, indicating a possible shift in its stance on embattled Republican U.S. Senate candidate Roy Moore.

cnn.com

Conway on Moore: We need him for tax reform

Despite multiple allegations of sexual assault against Alabama Senate candidate Roy Moore, White House counselor Kellyanne Conway told Fox News that if elected, he would help pass tax reform legislation.

Republican Party nytimes.com

Accounting ‘Gimmicks’ in G.O.P.’s Tax Overhaul Mask Higher Cost, Deficit Hawks Say

Some experts say the tax cuts, if accurately accounted for, could translate into slower economic growth and bigger budget deficits in the long run.

cnn.com

Lawmakers push to end 'hush money' deduction in tax fight

During a week where Congress is examining its own policies regarding sexual harassment settlements, one lawmaker wants to use Republicans' plans to overhaul the US tax code to eliminate a loophole for corporations to deduct expenses related to such settlements.

businessNews reuters.com

Wall Street set to end week on whimper as tax changes mulled

NEW YORK (Reuters) - Wall Street was set to end the week on a muted note on Friday, with major indexes slipping modestly, as investors weighed the fate of the Republicans' tax cut plan.

companyNews reuters.com

US STOCKS-Wall St set to end week on whimper as tax changes mulled

* Indexes down: Dow 0.41 pct, S&P 500 0.17 pct, Nasdaq 0.06 pct (Updates to late afternoon)

Federal Taxes (US) nytimes.com

Trump’s Tax Cuts Are Likely to Increase Trade Deficit

President Trump wants to cut taxes and reduce the nation’s trade deficit, two goals that stand in direct conflict with each other.

companyNews reuters.com

GLOBAL MARKETS-U.S. dollar, Wall St fall as tax reform in focus

* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh (Updates with U.S. trading, changes byline, previous dateline LONDON)

businessNews reuters.com

Asian shares up on US tax, earnings hopes; Mueller report hits dollar

TOKYO (Reuters) - Asian shares rose firmly on Friday as strong U.S. earnings and a step forward in Congress on U.S. tax reform brightened the mood, even though investors noted that many hurdles remain to passage of a deal on tax cuts.

companyNews reuters.com

GLOBAL MARKETS-Asian shares up on US tax, earnings hopes; Mueller report hits dollar

* Dollar falls broadly on media report of Mueller's subpoenas

politicsNews reuters.com

U.S. House of Representatives approves tax overhaul, fight shifts to Senate

WASHINGTON (Reuters) - Republican U.S. lawmakers on Thursday took an important step toward the biggest tax code overhaul since the 1980s as the House of Representatives approved a broad package of tax cuts sought by President Donald Trump.