Corporate taxes

A state reinterpretation of an old law could mean a new tax liability for businesses that have sold remotely into the Golden State.

Sen. Sheldon Whitehouse is pitching a tax on oil companies as part of a broader plan to mitigate the impact of inflation on middle-income families.

Senators Sheldon Whitehouse and Elizabeth Warren say they’re working on a proposed new tax targeting profits being reaped by oil companies as crude prices spike amid geopolitical tensions.

The Treasury has sought to reassure a group of Republican senators the agreement will have a negligible impact on U.S. tax revenue.

In the meantime, though, expect more detail on specific aspects of the plan throughout the year.

Republicans on the Senate Finance Committee are asking Treasury Secretary Janet Yellen to keep both parties in Congress involved in negotiations.

The chief policy officer for the U.S. Chamber of Commerce said the group has grown concerned that a global tax deal may “fundamentally disadvantage U.S. companies.”

The biggest win of her tenure — a global agreement on corporate taxes — remains incomplete.

CEOs are turning their attention away from the pandemic to fighting inflation, according to a survey by PwC.

American competitiveness is at stake, according to a top U.S. Treasury official.

European countries are skeptical of the French president's abiliy to jumpstart implementation of a minimum corporate tax.

The Internal Revenue Service is pilot-testing a program for the next year and a half to expedite requests for rulings and determination letters for corporate taxpayers.

Bloomberg Tax has added new features to the Tax Provision product it acquired last year from Tax Prodigy.

Chief tax officers are anticipating major developments in 2022 when it comes to global taxes, M&A, technology, talent and more, according to a poll from KPMG.

The Business Roundtable is officially opposing Biden’s economic legislation because they believe the tax increases on corporations outweigh the good in the legislation.

The Alphabet subsidiary said it would pay 218 million euros in backdated corporation tax to Irish authorities.

U.S. legislation designed to protect trillions in assets from chaos when global regulators phase out the interest-rate benchmark Libor is being held up in the House.

Negotiators hammering out details of a new global corporate tax regime are shaping the deal to maximize its chance of winning acceptance in the U.S.

The latest version of the spending package, which is still being debated, includes a minimum tax of 15% on a corporation’s book income.

Sales taxes have risen to an average of between 25% and 35% across countries that are part of the OECD, according to a new report.