WASHINGTON — A jaw-dropping report by ProPublica detailing how America’s richest men avoided paying taxes has intensified interest in Congress, even among some Republicans, in changing the tax code to […]
Corporate Taxes
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Back to news homeRich Americans Like Bezos, Musk, Buffett Avoided Income Tax
Lawmakers like Senator Elizabeth Warren, Democrat of Massachusetts, have championed the idea of placing a 2 percent tax on an individual’s net worth above $50 million — including the value […]
Yellen Won a Global Tax Deal. Now She Must Sell It to Congress.
To determine if inflation is more than a temporary matter, Ms. Yellen is monitoring two key metrics: inflation expectations and wage increases for low-paid workers. Rising pay for the lowest-wage […]
Global Tax Deal Reached Among G7 Nations
She described the agreement as “significant” and “unprecedented.”“That global minimum tax would end the race to the bottom in corporate taxation, and ensure fairness for the middle class and working […]
Global Finance Leaders Start Talks for Tax Overhaul
Finance ministers from the Group of 7 nations started two days of high-stakes meetings in London on Friday, seeking to keep the global economic recovery on course and to make […]
Yellen Aims to Win Support for Global Tax Deal
Ireland has been one of the most vocal critics of the Biden proposal. Its 12.5 percent corporate tax rate has helped fuel the so-called Celtic Tiger economy since the 1990s, […]
U.S. Backs Global Minimum Tax of at Least 15% to Curb Profit Shifting Overseas
The Biden administration proposed a global tax on multinational corporations of at least 15 percent in the latest round of international tax negotiations, Treasury Department officials said on Thursday, as […]
Once Tech’s Favorite Economist, Now a Thorn in Its Side
Paul Romer was once Silicon Valley’s favorite economist. The theory that helped him win a Nobel prize — that ideas are the turbocharged fuel of the modern economy — resonated […]
As Congress Dithers, States Step In to Set Rules for the Internet
Critics of the state regulations warned that tech companies weren’t the only ones that would have to maneuver through the patchwork of rules. “For consumers, this means confusion,” said Daniel […]
Biden Defends Plans to Tax the Rich
“Ultimately, his political standing is judged by the health and well-being of the economy,” said Josh Holmes, a political adviser to Senator Mitch McConnell of Kentucky, the Republican leader. “What […]