Tax rates

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.

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.

The country says it wants a legal guarantee to ensure multinational companies leave more in countries where they generate revenue.

Kimberly Clausing pushed to increase taxes on corporations and wealthy Americans, including upping the domestic corporate rate to 28%.

The state had an average annual net out-migration of 28,700 part-year residents, or 0.3% of taxpayers, between 2015 and 2019.

The Senate Finance chairman is investigating the embattled drugmaker and formula producer’s low tax rates, alleging the company’s investments in stock buybacks may have driven the nationwide formula shortage.

The top tax official at the OECD signaled his uncertainty over whether national governments will keep to the agreed timetable.

The president called again for Congress to raise taxes on corporations and the wealthy, while sharpening his criticism of Republican economic policies.

The tax incentive is a controversial policy, one that has created bitter resentment among many on the crisis-ravaged island.

The West Virginia Democrat said he is open to using the fast-track budget process to ram corporate and individual tax increases through the Senate.