Janet Yellen

The West Virginia senator said the administration has "cherry picked" which of the new rules for electric vehicle tax breaks it wants to follow.

Senator Joe Manchin is pressing Treasury Secretary Janet Yellen to stand firm on North American-based manufacturing requirements for lucrative electric-vehicle tax credits.

A former acting commissioner during the Obama administration is being nominated to fill Charles Rettig's spot.

Treasury Secretary Janet Yellen picked the agency veteran, who has been deputy commissioner for services and enforcement since last year, to head the service.

Treasury Secretary Janet Yellen is throwing cold water on expectations that the agency will provide relief to foreign automakers lobbying against stringent limits on a popular electric-vehicle tax credit.

Congressional Democrats are urging the Treasury Department to ignore appeals by lobbyists to weaken the 15% minimum levy on domestic corporations.

Treasury Secretary Janet Yellen unveiled some of the Biden administration's planned changes for the Internal Revenue Service.

The Treasury Secretary outlined some of the Biden administration's unfinished economic business in a speech.

Commissioner Rettig is promising not to use the nearly $80 billion his agency will be receiving to increase audits of small businesses or taxpayers who earn less than $400,000.

The strategic plan will provide a roadmap for what has been the largest dedicated funding stream provided to the IRS in decades.

The Treasury Secretary waded into the congressional debate over proposed economic and climate legislation.

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.

Ireland was one of a few hold-outs before the agreement and sought assurances of U.S. support from Treasury Secretary Janet Yellen.

The West Virginia senator's stand damages the outlook for an agreement to reshape the way multinational corporations are taxed around the world.

Time is running out as Democrats only have until Sept. 30 to use the fast-track budget reconciliation process to pass a bill.

Effective June 7, isolation of Russia includes sanctions prohibiting U.S. accounting firms — even U.S. firms operating from offices overseas — from providing a variety of services to Russian individuals and entities.

The country says it wants a legal guarantee to ensure multinational companies leave more in countries where they generate revenue.

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

Warsaw’s resistance is holding up a measure that would implement a 15% minimum corporate tax rate across the European Union.

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.