Corporate taxes

The bill stems from the relocation and rise in value of PhonePe, which Walmart took majority ownership of after acquiring parent outfit Flipkart Online Services.

The Internal Revenue Service is responding to feedback on its draft form and instructions for Schedule UTP for reporting uncertain tax positions by making some changes for next tax season.

The long-term decline in the number of Fortune Global 500 companies headquartered in the U.S. occurred amid a trend of lower statutory corporate income tax rates outside the U.S.

The tax landscape for U.S. multinationals is about to get messier now that the European Union has adopted a 15% minimum tax for big companies, unless Congress takes action.

Democratic senators are set to propose a bill that would force U.S. oil companies to pay more tax at a time when they're raking in record profits.

A provision imposing a 1% excise tax on corporate stock buybacks in this year's Inflation Reduction Act is likely to have an impact on the use of special purpose acquisition companies.

According to data released by the OECD, the average combined statutory tax rate in its sample of over 160 countries was unchanged at 20% this year.

The clock is running out on the administration's efforts to tame fuel prices ahead of midterm elections.

U.S. gasoline prices are still high a week ahead of midterm elections.

One of the world's largest machinery producers, has struck a deal with U.S. tax authorities to end a dispute that stretches back to 2007.

Italy's Guardia di Finanza is alleging that Pfizer's unit based just outside Rome, Pfizer Italia Srl, transferred excess capital to affiliates in the U.S. and the Netherlands to avoid taxes on profits that can be as high as 26%.

The PM scrapped her plan in another dramatic U-turn, hours after she fired Kwasi Kwarteng as U.K. chancellor of the exchequer.

Pressure is coming from the financial markets and members of the ruling Conservative Party to restore economic credibility.

The service posted drafts of the upcoming Schedule UTP form and instructions in an effort to improve the forms' usefulness.

The 15% minimum tax in the legislation passed by Congress shouldn't be confused with the one that the Treasury has been encouraging countries to approve.

The desire to use free cash to buy back shares appears to be stronger than any deterrent created by the tax.

The Top 10 Firm is expanding its corporate tax practice.

Congressional Democrats are urging the Treasury Department to ignore appeals by lobbyists to weaken the 15% minimum levy on domestic corporations.

A provision in the Tax Cuts and Jobs Act that was supposed to raise hundreds of billions of dollars in taxes on deferred earnings from multinationals is only bringing in about one-third of the projected revenue.