Breezy Caribbean island tax havens also declined to sign on, including Barbados, Saint Vincent and the Grenadines. Hungary and Estonia, which are keen to preserve their ultralow tax regimes, joined […]
Federal Taxes (US)
Trending topics and news from the Federal Taxes (US) category
Back to news homeWhat You Need to Know About the Child Tax Credit
(People with low incomes — under $40,000 a year for unmarried taxpayers and $60,000 for married couples — generally won’t have to repay advance payments if they are ineligible in […]
John McAfee Dies in Spanish Prison
By 2015, he was back in the United States and, after an arrest in Tennessee on gun and drunken-driving charges, ran for president as a Libertarian, with his campaign video […]
How Private Equity Firms Avoid Taxes
There were two weeks left in the Trump administration when the Treasury Department handed down a set of rules governing an obscure corner of the tax code.Overseen by a senior […]
ProPublica Report Has Congress Rethinking How to Tax Superrich
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 […]
Rich 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 […]
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 […]