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According to data released by the OECD, the average combined statutory tax rate in its sample of over 160 countries was unchanged at 20% this year.
November 18 -
The Internal Revenue Service has raised tax brackets and the standard deduction by about 7% for 2023 as the soaring cost of food, energy and housing continues to batter Americans.
October 21 -
The highest inflation rate in decades is likely to produce major increases on some tax items, according to predictions from Bloomberg Tax.
September 13 -
The introduction of a minimum tax will affect a type of divestiture that up to now has gone untaxed.
September 13 -
The Treasury Secretary outlined some of the Biden administration's unfinished economic business in a speech.
September 9 -
A group of European Union countries is considering new ways of implementing a global deal for a 15% minimum tax on large multinationals in 2023 as Hungary continues to veto a joint solution for the bloc.
September 9 -
The bill would force the rich to declare their assets at current value, unlike the old law, which allowed them to report assets at their original purchase price.
August 22 -
About $222.2 billion of the increase on businesses will come from a new corporate minimum tax that requires companies with at least $1 billion in profits to pay a minimum of 15%.
August 10 -
The legislation aims to prevent large corporations from exploiting tax breaks to pay little if any tax, and it would allow Medicare to negotiate drug prices for the first time.
August 7 -
A top Democrat pushing for a new minimum tax on companies invoked fresh data showing more than 100 profitable U.S. corporations paying an average tax rate of just 1.1% as a showcase for the initiative.
August 5