International taxes

The Biden administration has proposed that the U.S. apply a 21 percent global minimum rate.

The updated early draft versions will be used by pass-through businesses to report foreign tax information.

The tax would discourage companies from shifting operations to nations with less-stringent rules.

The heirs of billionaire Heinz Hermann Thiele may owe German authorities more than 5 billion euros ($6 billion) in inheritance taxes, potentially the largest such bill in the country’s history, according to ManagerMagazin.

A U.S.-driven effort to reach a global accord on taxing big tech companies’ overseas profits is getting bogged down over ensnaring one company in particular.

There are financial, operational and remedial measures that companies can implement to mitigate the eventual impact of the administration's tax plan.

The Netherlands, long considered to be at the heart of a system of multinational corporate profit-shifting, has signaled that it’s ready to support a U.S. proposal that ends the practice.

Republicans are working on developing a far smaller infrastructure package than the Biden administration’s American Jobs Plan, relying on user fees such as tolls instead of corporate tax increases.

A surprise U.S. drive to overhaul international corporate taxation promises a new era for governments to capture a bigger tax take from some of the most successful global businesses — if only the rest of the world can agree.

The U.S. is proposing that countries should be able to tax more corporate profits based on revenues within their borders, according to two people familiar with the offer.