Tax avoidance

Italy's finance police had claimed that the company owed about €779 million after an audit of the tax years from 2017 to 2021.

The IRS's most recent study of how much taxpayers aren't paying suggests some important priorities going forward.

Negotiators presented a legal text that sets out who can levy the profits of the world's biggest corporations in order to prevent a resurgence of trade tensions.

The Treasury wants to curb the use of some types of transactions by listing them as potentially abusive tax dodges.

GOP members of the Ways and Means Committee want to prevent an international tax agreement backed by the Biden administration from taking hold.

Global corporations are hoping to fend off requirements for reporting on the amount of taxes they pay in each jurisdiction, while regulators are moving forward cautiously with imposing such rules.

Pressure on companies to disclose their tax approach, including how much and where they pay their taxes, isn't going away.

Elon Musk, the world's richest-person and head of electric carmaker Tesla Inc., said President Joe Biden's call for more taxes on super-wealthy Americans will only hurt lower-to-middle income groups.

The Internal Revenue Service issued a revenue ruling that aims to prevent abuse of stepped-up basis adjustments in irrevocable grantor trusts.

Football clubs in England's top division have been accused of avoiding tax on an industrial scale, with the Premier League alone accounting for £470 million ($582 million) in lost taxes since 2015.