Isabel Gottlieb

The Biden administration secured an extension of a worldwide freeze on new digital taxes, putting it on a collision course with Canada after Ottawa refused to endorse the deal.

The African giant says the deal is skewed to the interests of rich nations and could actually hurt the country's tax revenues.

The world's governments stand to increase their tax revenues by about $250 billion a year by rewriting the rules for multinationals, according tothe OECD.

The U.S. would collect an additional $318.7 billion over the next 10 years by implementing the 15% global minimum tax and exercising the undertaxed-profit rule.

The Treasury has sought to reassure a group of Republican senators the agreement will have a negligible impact on U.S. tax revenue.

Nations resolved key differences over the level of a global minimum rate and an end to new digital taxes.

The 140 countries attempting to conclude years of negotiations are racing against a ticking clock.

Negotiations among more than 100 countries to overhaul global taxation are facing key questions as rich nations seek to persuade many developing economies to reach a preliminary deal in the week and a half.

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.

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.

Technology hardware, health care and pharmaceutical companies would be most impacted by U.S. proposals to rewrite international tax rules, according to a new analysis.

A U.S.-driven effort to reach a global accord on taxing big tech companies’ overseas profits is getting bogged down over ensnaring one company in particular.

The U.S. is proposing that countries should be able to tax more corporate profits based on revenues within their borders, according to two people familiar with the offer.

The U.S. Treasury Department plans to pare back regulations championed by President Barack Obama that were intended to prevent American companies from moving profits offshore to avoid taxes.