Corporate taxes

Italy's Guardia di Finanza is alleging that Pfizer's unit based just outside Rome, Pfizer Italia Srl, transferred excess capital to affiliates in the U.S. and the Netherlands to avoid taxes on profits that can be as high as 26%.

The PM scrapped her plan in another dramatic U-turn, hours after she fired Kwasi Kwarteng as U.K. chancellor of the exchequer.

Pressure is coming from the financial markets and members of the ruling Conservative Party to restore economic credibility.

The service posted drafts of the upcoming Schedule UTP form and instructions in an effort to improve the forms' usefulness.

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 Top 10 Firm is expanding its corporate tax practice.

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

A provision in the Tax Cuts and Jobs Act that was supposed to raise hundreds of billions of dollars in taxes on deferred earnings from multinationals is only bringing in about one-third of the projected revenue.