Natasha Sarin, a protégé of Larry Summers, is taking a leading role developing tax policy at the Treasury Department — to some progressive Democrats’ chagrin....
A report showing that the richest Americans, including Jeff Bezos, Elon Musk and Warren Buffett, pay almost no taxes has refocused attention on the tax code....
The Treasury secretary worked with finance ministers from the G7 to win support for a global minimum tax. But selling the idea to Republican lawmakers will not be easy....
The real story includes the reconciling of domestic interests with international demandsA historic agreement has been reached. For decades multinational corporations have abused gaps in an international tax system that has barely changed since agreements made at the...
EU directive on Joe Biden’s proposal for 15% tax rate on multinationals would require unanimous supportCyprus could veto the EU’s adoption of Joe Biden’s proposal of a global minimum corporate tax rate, the country’s finance minister has suggested.A White House...
Friday’s meeting of finance ministers in London is a chance to clean up global taxation – but will they take it?When the chancellor, Rishi Sunak, welcomes the US treasury secretary, Janet Yellen, to the meeting of G7 finance ministers in London on Friday, those...
EU forecast to reap extra €50bn per year with UK expected to gain €200m from BP aloneA proposal to be tabled by the US president, Joe Biden, at the upcoming G7 meeting for a 15% global corporate tax rate could reap the EU €50bn (£43bn) a year, and earn the UK nearly...
New York prosecutors are probing a particular deal examining whether Donald Trump’s business inflated certain land value in order to gain a massive $21.1 million charitable tax write-off....
Joe Biden’s minimum global corporate tax rate – down from 21% to 15% – is within reach. Blocking it will not look goodA year ago the prospect of a global minimum tax on corporate profits was considered a fantasy. Donald Trump was in the White House and the word...
The White House is proposing substantial increases in personal income tax rates for those earning about a half-million dollars and higher tax rates on large corporations....
The former US president, 74, visited Manhattan for an Ultimate Fighting Championship event at Madison Square Garden on November 2, 2019, which cost taxpayers more than $250,000....
Labour expected to trigger Commons vote to force UK government to support proposalRishi Sunak is facing growing pressure to support US proposals for a global minimum rate of corporation tax in the run-up to the UK hosting a pivotal meeting between G7 leaders in...
The NY State Attorney-General’s office has opened a criminal investigation into a key lieutenant of Donald Trump, Allen Weisselberg, the longtime CFO at The Trump Organization....
GOP unveiled FY2022 budget that saves $1.9T in taxes in next 10 years, balances federal budget by 2026, ensures unemployment doesn’t exceed wages and aims to finish Trump’s border wall....
First couple’s income dropped from nearly $1m while Harris and Emhoff paid even steeper priceJoe Biden forfeited more than a third of his annual income in running for the White House last year, with his newly disclosed 2020 tax returns showing a drop in earnings from...
President Biden said on Monday that millions of American families would begin receiving hundreds of dollars in monthly payments in July from a child tax credit created as part of the American Rescue Plan....
Joe Biden’s American Rescue Plan expanded the Child Tax Credit and allowed families to receive half of the payments in advance monthly installments. ...
‘Britain Trump’ is riding high, thanks in part to a divided opposition. But unless his deeds match his words, it may not lastWhat is the difference between former US president Donald Trump and current British prime minister Boris Johnson? Both men are skilful...
American taxpayers are currently paying $140,000 a month to protect Donald Jr, 43; Ivanka, 39; Eric, 37; and Tiffany, 27, and three other former officials under an unusual Secret Service extension....
The administration has been making the case to allies that to avoid paying the additional taxes the president has proposed, wealthy Americans would give more to nonprofits....
“In my view, it’s an easy choice, between giving tax breaks to corporations and the super wealthy and investing in working families,” Biden said in front of the Calcasieu River Bridge in Lake Charles, La....
President Biden on Wednesday gave an impassioned defense of his plans to increase taxes on high earners, saying “this is about making the average multimillionaire pay just a fair share.”...
President hit the road on Monday to promote infrastructure and welfare spending plans totaling about $4tnJoe Biden said it is time for corporations and the richest Americans to “start paying their fair share” of taxes as he hit the road on Monday in a concerted effort...
Financial advisers say they have been flooded with calls from clients who are trying to predict which of President Biden’s tax proposals will become law....
The Covid-ravaged global economy is at a crossroads: we can commit to greater tax cooperation or risk a tax-driven trade warBiden’s plans ‘once in a lifetime’ chance to end global tax abuseFor almost a century, international tax was a byzantine and foreboding world...
Ángel Gurría says international deal is within striking distance and could be signed this summer‘An overhaul of the global tax system can wait no longer’President Joe Biden’s proposals to stop multinationals from shifting profits to tax havens are a “once in a...
Joe Biden wants to raise capital gains tax on wealthy and extend tax credits that benefit low- and middle-income Americans to pay for ‘families plan.’ ...
The recouped funds would be used to help pay for the president’s $1.5 trillion American Families Plan, which he will detail before addressing a joint session of Congress on Wednesday....
Joe Biden is about to shake up US taxation policy. The UK must hope that the chancellor feels a need to emulate himThe differences couldn’t be more stark. Promises to “build back better” from Covid-19 have been made on both sides of the Atlantic. But as lockdown...
Cryptocurrency falls below $50,000 as White House looks to bring levy on investment gains into line with income taxesSpeculators in Bitcoin have been left nursing heavy losses after reports Joe Biden is planning to raise taxes on the wealthiest Americans to tackle...
The president’s American Family Plan, which remains in flux, does not currently include an effort to expand health coverage, as administration officials had previously planned....
Biden’s plan would rein in corporate power and profit and launch a new era in which the wealthy finance large-scale investment for the public good. ...
