Biden Administration

U.S. gasoline prices are still high a week ahead of midterm elections.

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.

Hyundai Motor Co. and the South Korean government are ratcheting up lobbying to loosen restrictions that Senator Joe Manchin fought to include in this year's U.S. climate law.

The Treasury Department and the Internal Revenue Service issued final regulations to eliminate a so-called "family glitch" in qualifying for premium tax credits.

The 15% minimum tax in the legislation passed by Congress shouldn't be confused with the one that the Treasury has been encouraging countries to approve.

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

The Biden administration is alarmed over the market turmoil triggered by the new U.K. government's economic program.

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

Business Roundtable Chief Executive Officer Joshua Bolten on Wednesday flagged concerns that reviving the deduction for R&D will fall off of Congress's agenda later this year, despite it having bipartisan support.

The president is likely to nominate Beth Kaufman, a partner at the law firm Caplin & Drysdale, to be IRS chief counsel.

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

President Joe Biden ignored worse-than-expected U.S. inflation data that roiled markets during a planned celebration for his signature climate-and-tax law.

The introduction of a minimum tax will affect a type of divestiture that up to now has gone untaxed.

The legislation would deter the Internal Revenue Service from using the $80 billion in extra funding from the Inflation Reduction Act to increase audits of taxpayers earning under $400,000 per year.

The law includes tax credits for electric vehicles made in North America but the EU's concerns go beyond this sector.

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

The president is narrowing the list of candidates to lead the Internal Revenue Service ahead of a massive expansion of tax enforcement.

The billions in student loan debt forgiveness announced by the Biden Administration will be exempt from federal taxation but could be taxable at the state level in more than a dozen states — a hiccup many states are expected to quickly handle.

The student-loan forgiveness will qualify as non-taxable income until 2025 under the American Rescue Plan.

To expand the affordability of energy-efficient vehicles for U.S. consumers, the law made changes to the tax credit for all-electric cars and hybrid plug-ins.