Steven Mnuchin

The administration is also planning $1,000+ stimulus checks.

The Treasury Secretary is expected to seek a third round of coronavirus-related economic stimulus, including postponing the due date for quarterly tax payments.

The U.S. Treasury will be able to support smaller businesses impacted by the coronavirus through an economic relief plan that the House passed late Friday, Treasury Secretary Steven Mnuchin said in a statement.

The U.S. Treasury Department is considering extending the 2019 tax-filing deadline beyond April 15 to provide relief from economic disruption caused by the coronavirus outbreak, according to two people familiar with the matter.

Erin Collins, who formerly worked at KPMG and the IRS, will lead the Taxpayer Advocate Service.

European finance chiefs arrived at a meeting of their global peers in Riyadh demanding the urgent creation of a new global tax system for the 21st century that would capture the profits of tech multinationals. U.S. Treasury Secretary Steven Mnuchin responded: it’s not that simple.

U.S. Treasury Secretary Steven Mnuchin weighed in on the debate about a carbon tax in Davos, saying technological developments would make it redundant.

The U.S. and Europe are making progress toward a global pact on the taxation of digital services, with France’s finance minister, Bruno Le Maire, saying on Thursday that American officials agreed on a blueprint for negotiations.

Even as France indicated a willingness to postpone a disputed tax on technology companies, U.S. Treasury Secretary Steven Mnuchin dangled the prospect of retaliatory tariffs on automobile imports if the issue isn’t resolved.

France and the U.S. will seek a compromise on the taxation of digital services over the next two weeks in an effort to avoid an escalation in the transatlantic trade dispute.