Tax

Some of the world’s most powerful heads of state will meet in England later this week to confer on the biggest issues facing humanity.

The Internal Revenue Service is sending letters to over 36 million families about how they may be able to qualify for monthly Child Tax Credit payments, beginning in July.

The work-from-home environment is producing tax complexities for companies and their human resources departments.

A tax deal between the world’s richest countries brings global governments a step closer to clawing back some power from technology giants that have used century-old regimes to build up wealth eclipsing the economies of most nations.

Small countries, including Ireland, have expressed concern about a global deal that could undermine their efforts to attract multinationals.

The club of rich nations secured a landmark deal that could help them collect more taxes and impose levies on U.S. tech giants such as Amazon and Facebook.

Group of Seven governments are nearing a deal to pursue a minimum corporate tax rate of at least 15% in international negotiations, but remain at odds over how to treat global technology companies.

The proposal sets aside the Biden administration’s proposal to raise the headline corporate income rate to 28% from 21% — a non-starter for Republican lawmakers — though that could be pursued elsewhere.

Bait, switch and threaten; power corrupts; Herbal remedy; and other highlights of recent tax cases.

The American Jobs Plan would take taxes on GILTI through the roof.