Corporate taxes

The Biden administration’s proposal to impose a global minimum tax on corporations has been provoking opposition in Congress, with Republicans advocating user fees instead to pay for infrastructure improvements.

The legislation would require standardized metrics and disclosures of environmental, social and governance measures by companies.

The world’s richest nations have set the stage for a revolution in corporate taxation, but they still have their work cut out to actually achieve that overhaul.

Lawmakers are trying to hash out a compromise $1.2 trillion, eight-year infrastructure spending package.

President Joe Biden’s quest to enact his $4 trillion economic agenda enters a turbulent new phase Monday as the U.S. House comes back into session and Democratic representatives ramp up pressure on the Senate to produce a bipartisan compromise or stop prolonging the effort.

As more Americans cut the cord on traditional landline phones, a government program that subsidizes internet service to poor communities is in danger of collapsing because it relies on taxes from dwindling long-distance calling fees.

Mitt Romney is helping lead lawmakers in creating a new proposal to present to the Biden administration.

Big tech and other industries that have bunkered down in Europe’s tax havens are unlikely to shift their bases under the proposed global minimum tax regime.

Some of the world’s most powerful heads of state will meet in England later this week to confer on the biggest issues facing humanity.

The work-from-home environment is producing tax complexities for companies and their human resources departments.

A tax deal between the world’s richest countries brings global governments a step closer to clawing back some power from technology giants that have used century-old regimes to build up wealth eclipsing the economies of most nations.

Small countries, including Ireland, have expressed concern about a global deal that could undermine their efforts to attract multinationals.

The club of rich nations secured a landmark deal that could help them collect more taxes and impose levies on U.S. tech giants such as Amazon and Facebook.

Group of Seven governments are nearing a deal to pursue a minimum corporate tax rate of at least 15% in international negotiations, but remain at odds over how to treat global technology companies.

The proposal sets aside the Biden administration’s proposal to raise the headline corporate income rate to 28% from 21% — a non-starter for Republican lawmakers — though that could be pursued elsewhere.

The American Jobs Plan would take taxes on GILTI through the roof.

Sen. Ron Wyden has questions about why the company consistently loses money in the U.S. and doesn’t pay more in taxes.

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

European officials are considering a proposal from the Biden administration to make companies with at least $20 billion in annual revenue pay more of their tax bill in places they operate, while being less enthused that the U.S. offer would limit levies to just 100 firms.

A GAO report finds that the regulations were burdensome for multinational companies, even though they saved through lower tax rates.