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A Global Deal Aimed at Ending Tax Havens Gains Momentum

People with knowledge of the negotiations said that while the 15 percent rate was essentially a done deal, some of the world’s biggest countries continued to battle for exemptions to […]




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In 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 […]




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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 […]







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E.U. Delays Digital Levy as Tax Talks Proceed

Other finance ministers indicated that the delay was another sign of progress.“It’s very, very good that we are now going to the next step, discussing how we will implement this […]




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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 […]




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U.S. Proposal for Global Minimum Tax Gets Backing From 130 Countries

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 […]







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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 […]




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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 […]