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.