Industries

The 49-year-old ran the group's Portuguese unit when the alleged acts of corruption, money laundering and tax fraud took place.

The tax lien is a new headache for the luxury retail and real estate tycoon as he tries to stem a flood of insolvencies that have swamped his sprawling empire.

Narrower criteria reduced the number of qualifying models from about two dozen. The new rules exclude from the tax credit vehicles that use battery components made by Chinese manufacturers.

The company said the city used the presence of its Cruise self-driving unit to tie its tax bill to a portion of its global revenue.

Under the draft proposal from the Treasury Department, hydrogen projects would need to adhere to strict environmental requirements.

The Internal Revenue Service has updated its frequently asked questions to offer more guidance on what kinds of components can be used in electric vehicles to qualify for tax credits.

Federal money is keeping construction businesses busy, but comes with its own complications.

The U.S. has spelled out new rules for tax credits manufacturers can receive for domestically producing parts necessary for the energy transition — and there's a clear divide for miners and processors.

High-stakes Treasury guidance for claiming hydrogen production tax credits has drawn the ire of Senator Joe Manchin.

The World Health Organization said raising excise taxes on alcohol and sweetened beverages is the most effective way to reduce consumption while generating revenue.

The rules, which aren't finalized, include measures sought by environmentalists that would require hydrogen-production operations to be powered by wind, solar or other clean-power projects built within the last three years to qualify for a $3-per-kilogram credit.

The guidelines set a 25% ownership threshold for a company or group to be classified as a foreign entity of concern.

The Biden administration has discussed granting automakers a temporary reprieve from new rules poised to limit a consumer tax credit, a Michigan senator said Tuesday.

The Treasury and the IRS issued laid out possible regs to update the investment tax credit rules to encompass various forms of renewable energy.

Central to the case are the statements of financial condition Trump had his accountants at Mazars USA LLP send to lenders detailing his assets and their values.

Kit Dickinson of ADP shares the latest issues in the construction industry, and what they need from their CPAs.

Trump acknowledged he had a hand in preparing the financial statements that valued his properties.

Attorney General Letitia James says Uber from 2014 to 2017 improperly deducted sales tax and other fees from driver paychecks that should have been paid by passengers.

Letitia James alleges all three Trump children were central figures in a scheme to inflate the former president's assets by as much as $3.6 billion a year to get better terms on loans and insurance policies.

The classification of marijuana as a Schedule I controlled substance has put cannabis businesses in a bind as far as federal taxes go, even as more states move to legalize the plant.