WASHINGTON — As lawmakers debate how much to spend on President Biden’s sprawling domestic agenda, they are really arguing about a seemingly simple issue: affordability.Can a country already running huge […]
Federal Taxes (US)
Trending topics and news from the Federal Taxes (US) category
Back to news homeIn Push to Tax the Rich, White House Spotlights Billionaires’ Tax Rates
WASHINGTON — President Biden is leaning into his push to increase taxes on the rich as he seeks to unify Democrats in the House and Senate behind a $3.5 trillion […]
Proposed Tax Changes Focus on the Wealthy
So how do you define who’s wealthy?The latest proposed tax changes from the House Ways and Means Committee essentially say a wealthy individual is someone who earns $400,000 a year […]
How Accounting Giants Craft Favorable Tax Rules From Inside Government
This year, Mr. Harter returned to PwC.“I fully complied with Treasury Department conflicts rules by not meeting with PwC representatives” during a two-year “cooling off” period that restricts government officials […]
In Social Policy Bill, Businesses See a Lot to Like. They Oppose It.
“People say they’re for this new stakeholder economy, that they’re committed to sustainability,” said Mr. Hollender, now the chief executive of the liberal American Sustainable Business Council. “But at the […]
From Cradle to Grave, Democrats Move to Expand Social Safety Net
WASHINGTON — When congressional committees meet this week to begin formally drafting Democrats’ ambitious social policy plan, they will be undertaking the most significant expansion of the nation’s safety net […]
Hedge Fund’s Insiders Agree to Pay as Much as $7 Billion to I.R.S.
A yearslong dispute between a pioneering hedge fund and the Internal Revenue Service ended Thursday with an enormous bill for taxes and penalties: as much as $7 billion.James Simons, a […]
Child Tax Credit Payments Have Begun. Should You Opt Out?
“The advance of the credit reduces the total amount of taxes paid,” said Rob Seltzer, an accountant in Los Angeles. “So there could be a problem with an estimated tax […]
Global Tax Overhaul Gains Steam as G20 Backs New Levies
Absent unanimous approval among the members of the European Union, an accord would stall. Establishing a minimum tax would require an E.U. directive, and directives require backing by all 28 […]
Finance Ministers Meet in Venice to Finalize Global Tax Agreement
“It is important to recognize that there are numerous policy levers and paths that countries will take to create incentives for decarbonization,” Ms. Yellen said during a panel discussion. “Those […]