Laura Davison

Oil companies that record a profit margin better than 10% would face a proposed new federal surtax, as Democrats struggle to curb U.S. energy costs and broader inflation.

The Senate Finance chairman is investigating the embattled drugmaker and formula producer’s low tax rates, alleging the company’s investments in stock buybacks may have driven the nationwide formula shortage.

The 15% minimum tax deal needs congressional approval, but lacks the universal support of Democrats and faces concerted Republican opposition.

They are pushing to help truckers, Uber and Lyft drivers, and other transportation businesses as they struggle with soaring gas prices.

International tax officials have identified more than 50 leads to potential crypto tax crimes that may lead to official investigations.

In recent days, Biden and his aides have repeatedly cited Republican Senator Rick Scott’s “Rescue America” plan — from February.

A research note from Barclays paints a picture of an exploding new industry that the IRS is struggling to hold to account. 

A record tax haul for the federal government this spring shrank the budget deficit and surprised Wall Street.

Only a tiny fraction of those who could file their taxes for free are actually accessing the no-cost program, according to a new watchdog report.

Musk is using a strategy favored by many billionaires — borrowing against highly appreciated stock to get cash without having to sell.

The 2022 tax season, predicted by some to be a perfect storm, is coming to a close with barely a stiff wind.

The projections foreshadow a sharp increase in corporate tax collections because of a pact between nearly 140 countries to implement a 15% minimum rate.

Elizabeth Warren and Judy Chu want to know why those making less than $25,000 are audited more often than those making more than $200,000.

The legislation would cause sanctioned Russian oligarchs and American companies that pay taxes to Moscow to lose some of their U.S. tax benefits.

Manchin doomed two pieces of the plan — ending a tax break for fossil fuels and taxing unrealized capital gains — just hours after Biden announced them.

President Joe Biden made a fresh effort on Monday to persuade Congress to take steps to overhaul the tax code and squeeze more revenue from the largest companies and the wealthiest households.

The proposal aims to collect more revenue from the largest U.S companies that are earning more than they did before the pandemic and war in Ukraine.

The request will show a $1 trillion reduction in deficit spending over the coming decade, generated in part by a new tax targeting billionaires.

Rep. Bill Pascrell is looking at coach compensation information to see if their large salaries run afoul of the schools’ tax-exempt status.

The service is outmatched in resources and expertise when it audits some of the largest companies in the country, the agency’s top official said.