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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 -
The Joint Committee on Taxation found that some middle- and low-income households could pay $16.7 billion in additional taxes next year as a result of the draft bill.
August 3 -
Now that Senator Joe Manchin is on board with a $433 billion tax and climate bill, Democrats, Republicans and the private equity industry all are trying to suss out where the Arizona lawmaker stands.
August 2 -
About half of a new alternative corporate income tax would be paid by companies that self-identify as manufacturers.
August 2 -
The former Treasury secretary said that any tax hikes shouldn’t go toward funding fresh outlays.
July 25 -
A worldwide tax deal heralded as a “revolution” for the profits of multinational tech firms has run into a thicket of technical difficulties that will delay implementation to 2024 at the earliest.
July 11 -
Senate Democrats are working on shrinking the tax increases in the president's economic package as part of a bid to get it passed in the coming weeks.
June 30 -
The country says it wants a legal guarantee to ensure multinational companies leave more in countries where they generate revenue.
June 7 -
Kimberly Clausing pushed to increase taxes on corporations and wealthy Americans, including upping the domestic corporate rate to 28%.
June 2 -
The state had an average annual net out-migration of 28,700 part-year residents, or 0.3% of taxpayers, between 2015 and 2019.
May 23