Ron Wyden

The Finance Committee found that the TCJA enabled some of the biggest to lower their tax bills by shifting profits abroad.

Texas billionaire Harlan Crow declined to detail the extent and tax treatment of luxury gifts he provided to Clarence Thomas.

The Swiss bank continues to help rich Americans hide assets from the IRS nearly a decade after a unit pleaded guilty to tax-evasion conspiracy, the Senate Finance Committee said.

The committee approved the nomination of Daniel Werfel as the next head of the service by a 17-9 vote.

Sen. Elizabeth Warren and Ron Wyden want the Public Company Accounting Oversight Board to do more to regulate audits of cryptocurrency companies in the wake of recent high-profile bankruptcies.

Senate Democrats plan their own political counter-programming to House Republicans' threats of wide-ranging probes, taking on issues like corporate tax avoidance and union-busting.

The desire to use free cash to buy back shares appears to be stronger than any deterrent created by the tax.

Rich Americans are hiding "vast amounts of income" from the Internal Revenue Service by exploiting a "deeply troubling" loophole in FATCA, according to a Senate report.

Private placement life insurance, or PPLI, is a decades-old strategy that has been gaining popularity among the super-wealthy as a way to protect their fortunes from income and estate taxes.

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.

About half of a new alternative corporate income tax would be paid by companies that self-identify as manufacturers.

While Charles Rettig is scheduled to testify to Congress’s main tax-writing committees, IRS officials offered potential justifications for the unusual audits.

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.

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.

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.

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.

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.

The legislation would cause sanctioned Russian oligarchs and American companies that pay taxes to Moscow to lose some of their U.S. tax benefits.

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.

They are the latest target of probes into whether Opportunity Zones are driving investment and job creation in low-income communities.