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A top Democrat pushing for a new minimum tax on companies invoked fresh data showing more than 100 profitable U.S. corporations paying an average tax rate of just 1.1% as a showcase for the initiative.
August 5 -
About half of a new alternative corporate income tax would be paid by companies that self-identify as manufacturers.
August 2 -
While Charles Rettig is scheduled to testify to Congress’s main tax-writing committees, IRS officials offered potential justifications for the unusual audits.
July 13 -
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.
June 15 -
Sen. Ron Wyden asked for more information about the firm's disclaimer that a decade’s worth of financial statements should no longer be considered reliable.
May 24 -
A pair of congressional Democrats want to see a rule finalized that would open up greater access for families to claim premium tax credits for health insurance.
May 19 -
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.
May 18 -
Sens. Ron Wyden and Rob Portman proposed bipartisan legislation to disallow foreign tax credits and other tax benefits for companies that pay taxes to Russia or Belarus.
May 12 -
The legislation would cause sanctioned Russian oligarchs and American companies that pay taxes to Moscow to lose some of their U.S. tax benefits.
April 7 -
The pharmaceutical company's finances came under scrutiny as Sen. Ron Wyden asked how it booked profits overseas last year while its tax rate dropped.
April 5