-
President Biden will likely be unable to keep one of his key campaign promises because of unyielding resistance among even some in his own party to raise taxes.
October 26 -
The Arizona Democrat — who has opposed raising rates on corporations and individuals — will back ways of increasing revenue from domestic corporations, global companies, high net-worth individuals and through tax enforcement.
October 22 -
President Joe Biden’s acknowledgement that he doesn’t have sufficient Senate Democratic backing for his proposed increase in the U.S. corporate tax rate gives fresh impetus to efforts by negotiators to find alternative revenue sources for a sweeping social-spending bill.
October 22 -
Democratic negotiators have been working to address opposition from Senator Kyrsten Sinema, an Arizona moderate, to boosting rates.
October 22 -
They're exploring alternatives after months of focusing on proposals to increase tax rates on income and capital gains.
October 21 -
Congressional Democrats are at odds over President Biden’s economic agenda, even as party leaders aim to have a deal outline by the end of the week.
October 21 -
The ministers endorsed an overhaul of how countries tax big corporations, setting it for approval by heads of state at a summit later this month.
October 14 -
Nations resolved key differences over the level of a global minimum rate and an end to new digital taxes.
October 8 -
Global talks to reshape the corporate tax landscape are resuming on Friday with some holdouts to the international consensus on a minimum rate falling into line to back an agreement that still hangs in the balance.
October 8 -
The country's climbdown removes one hurdle to an unprecedented deal that would reshape the landscape for multinationals.
October 7