Treasury Department

The Treasury secretary will meet next week with counterparts in Europe, aiming to keep up pressure on Russia and prevent delays to the implementation of a global tax deal.

A federal judge blocked recovery of any pandemic relief funds from Texas, Louisiana or Mississippi if those states use the aid to offset state tax revenue shortfalls.

Businesses that have been investing in cryptocurrency are dealing with uncertainty as government agencies are going to expect them to account for their holdings and pay taxes.

Treasury Secretary Yellen is counting on the support of corporate America for the deal to win passage in Congress — a crucial step for its worldwide success.

The Treasury secretary said a digital dollar would take years to develop if the U.S. decides to proceed with one, underscoring a deliberate approach by policymakers.

Tax proposals in the Biden administration’s budget include plans to raise the corporate tax rate to 28% and to tax the unrealized capital gains of “extremely wealthy” individuals.

House Ways and Means Oversight Subcommittee chairman Bill Pascrell, D-New Jersey, is asking the Treasury Department to curb the use of irrevocable grantor trusts by wealthy families to avoid taxes.

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

The president is directing government agencies to focus more on the fast-growing crypto market, from researching a U.S. digital dollar to combating illicit finance.

Two legislators want to open an investigation into personnel moves between the five largest accounting firms and the upper echelons of the Treasury and IRS.