A New Green Tax-Credit Market Is for Corporations. Some Wealthy People Want In.
Some tax advisers are urging the Treasury Department to let individuals use clean-energy tax credits, too. Source link
Corporate Taxation
U.K.’s Sweeping Tax Cuts Send Pound Tumbling, Yields Higher
LONDON—The British government unveiled the biggest tax cuts since the early 1970s in a high-stakes bet to jolt the U.K.’s...
Treasury Moves to Ease Limits on Foreign Tax Credits After Companies Object
WASHINGTON—The U.S. Treasury Department is softening its limits on foreign tax credits, responding to corporations that have been warning about...
Global Tax Talks Hit Another Delay
The most significant changes to global tax rules in a century will take longer than planned, negotiators said Monday, as...
Biden Expected to Call for Temporary Federal Gasoline Tax Suspension
WASHINGTON—President Biden is planning to call for a temporary suspension of the federal gasoline tax, according to people familiar with...
Powell’s Opinions on Inflation Matter, Not Biden’s
One of the reasons inflation got out of control in the 1970s is that policy makers had heterodox theories about...
Jeff Bezos Criticizes Joe Biden in Twitter Spat Over Inflation
Amazon.com Inc. founder Jeff Bezos criticized the Biden administration in two tweets over the weekend for tying the corporate tax...
Consumer Brands Push for Clean-Energy Tax Credits
More than 40 companies, including consumer brands such as Airbnb Inc., ABNB 1.47% Lyft Inc., LYFT 2.26% Sierra Nevada Brewing...
Business Lobby Seeks to Delay Tax Rise That Funds Biden Spending Plan
WASHINGTON—A coalition of large multinational companies has launched a late lobbying blitz to delay a tax increase on foreign earnings...
Corporate Minimum Tax Resurfaces as Democrats Hunt for Money
WASHINGTON—Senate Democrats announced a 15% minimum tax on large companies’ income on Tuesday, winning support from a key moderate lawmaker,...
EU to Put on Hold Digital Levy Following G-20 Minimum Tax Plans
BRUSSELS—The European Union is putting on hold a proposed digital levy, an EU spokesman said Monday, after finance chiefs from...
G-7 Nations Agree on New Rules for Taxing Global Companies
The Group of Seven leading rich countries agreed to back new rules for taxing businesses that operate internationally in a...
Biden, Yellen Seek Backing for $2.3 Trillion Infrastructure Package
President Biden and Treasury Secretary Janet Yellen promoted the administration’s infrastructure and tax plans as vital for the U.S. to...
Biden Begins Infrastructure Negotiations Signaling Flexibility on Corporate Tax Hike
WASHINGTON—President Biden and a bipartisan group of lawmakers discussed how to pay for his $2.3 trillion infrastructure package during a...
Senate Democrats Pitch Their International Corporate Tax Plan
WASHINGTON—Senate Democrats offered proposals Monday to increase the tax burden on U.S. companies’ foreign profits and move the system in...
Treasury’s Yellen Calls for Global Minimum Corporate Tax Rate
WASHINGTON—Treasury Secretary Janet Yellen argued for a global minimum corporate tax rate Monday, as she makes the case for President...
Biden Unveils $2.3 Trillion Infrastructure Plan
WASHINGTON—President Biden unveiled a $2.3 trillion infrastructure plan centered on fixing roads and bridges, expanding broadband internet access and boosting...
