Finance

Donald Trump’s economic team offered more math behind his assertion that his tax cuts will mostly pay for themselves, saying trade policy would generate most of the additional wages and corporate profits that feed government revenue.

House Democrats have introduced legislation that would require multinational corporations to disclose more information about the taxes they pay in other countries.

The House passed legislation this week to simplify the complex tax rules faced by workers who travel across state lines to do business.

The House voted to eliminate taxes on the medals of Olympic and Paralympic athletes, while also passing some other pieces of tax legislation.

As both major Presidential candidates’ campaigns get into full gear, some of their positions on tax have become clearer, while others are still up in the air.

Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, released draft legislation Thursday to provide tax credits to encourage the development of affordable rental housing for the middle class.

The Internal Revenue Service spent $15 million on a delayed implementation of an upgraded system for handling an aspect of the Foreign Account Tax and Compliance Act, but the software did not deliver the expected business results, according to a new report.

Hillary Clinton wants roughly $550 billion in new taxes and fees over the next decade—affecting investment partnerships, large estates and banks—that have received little to no public discussion from her campaign, a report from a Washington-based policy group shows.

Republican presidential nominee Donald Trump has dropped a major tax cut for businesses organized as pass-through entities, including partnerships, from his tax overhaul proposals, according to the latest version of those plans.

Donald Trump will tout his plan to cut taxes for individuals and businesses on Thursday as a way to stimulate economic growth, but a question that has loomed over the proposal for roughly a year will remain a topic of debate among economists: By how much would Trump’s tax cuts reduce federal revenue?

Ivanka Trump helped introduce her father's childcare plan in suburban Philadelphia on Tuesday, leaving little doubt that she was a driving force behind the proposal to make child care expenses tax deductible.

Republican presidential nominee Donald Trump’s child-care plan would guarantee six weeks of paid maternity leave to working mothers, and Trump’s daughter Ivanka will join him in suburban Pennsylvania as he discusses the issue, his campaign said Tuesday.

Indiana Governor Mike Pence and his wife, Karen, earned adjusted gross income of $113,026 in 2015 and paid $8,956 in federal income taxes, according to a copy of the Republican vice presidential nominee’s return that was released Friday—a move toward transparency that his running mate, Donald Trump, has yet to make.

It’s back to school for university endowments and U.S. lawmakers.

Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, released a discussion draft of proposed legislation that would prevent taxpayers from putting more than $5 million in an individual retirement account.

Republican Donald Trump is proposing a big tax cut for companies like Apple Inc., which would see its tax rate slashed on about $200 billion of profit it keeps offshore.

Democratic presidential nominee Hillary Clinton laid out proposals to streamline financing and taxes for entrepreneurs and small businesses while telling business owners that Republican Donald Trump would put his interests ahead of their own.

Venture investors, facing the possibility of bigger tax bills, are trying to convince Washington that they’re special and should be exempt.

Hillary Clinton’s Democratic presidential campaign said Monday that Republican Donald Trump’s proposals to overhaul the federal tax system would benefit “high-debt investors like himself,” opening a new line of attack.

Although the tax positions of the two major candidates would face major hurdles before either one becomes law, interested observers have wasted no time in dissecting them, praising them or pointing out defects.