Laura Davison

This week’s finance ministers’ meeting may help lead to a broader deal in July or October.

The legislation would overhaul the current menu of energy tax breaks, consolidating credits for renewable energy sources and offering incentives to any energy source that has no carbon emissions.

President Joe Biden’s pick to lead the Treasury Department’s tax policy efforts pledged to work with lawmakers on a bipartisan basis and be a strong advocate for the Internal Revenue Service.

The senator is proposing to nearly triple the IRS’s budget to help identify wealthy individuals who are evading taxes.

Signs are mounting that anxiety among congressional Democrats will significantly temper any increases that manage to pass Congress.

Treasury Secretary Janet Yellen’s team has proposed a 15% global minimum corporate tax in international negotiations aimed at ending competition to lure companies through cheap rates, which then end up eroding government revenues.

The U.S. Treasury Department estimated that wealthy taxpayers as a group are hiding billions of dollars of income, a conclusion that aims to bolster the Biden administration’s call for Congress to approve expanded IRS funding and broad new financial-transaction reporting requirements.

The Biden administration is also calling for banks to report on account flows to help boost tax-payment compliance.

The Biden administration’s proposal to dramatically expand the inheritance tax bill for wealthy Americans is running into some headwinds with Democrats on Capitol Hill, showcasing nervousness about the scope and size of elements of the White House’s ambitious tax plans.

This season may be just a harbinger of difficult tax seasons to come.

Three Democratic senators introduced legislation that would stop the tax breaks used by private equity money managers and others.

Lawmakers are considering giving the IRS additional funding and authority to expand its tax enforcement operation.

The proposed top 39.6 percent tax bracket in the administration's “American Families Plan” would encompass less than 1 percent of taxpayers.

The 10-year plan would ramp up federal support for American families, with a major expansion in spending on child care, paid leave and education.

The president’s decision threatens to complicate congressional negotiations over his sweeping new social-spending program.

President Joe Biden’s coming tax package will feature an end to a major benefit for wealthy estates that drastically minimizes the levy for inheritors, along with a bump up in the top income tax rate and funding for strengthened IRS auditing, according to a person familiar with his proposal.

The president is poised to unveil a plan that would raise taxes on the income, investments and estates of the wealthiest Americans to levels not seen in more than four decades.

The White House plans to propose almost doubling the capital gains tax rate for those earning $1 million or more, to 39.6 percent.

His plan includes a proposal to almost double the capital gains tax rate for wealthy individuals to help pay for a raft of social spending, according to people familiar with it.

Democrats are making another push for the Biden administration to include a repeal of the cap on state and local tax deductions in its long-term economic program.