Make Tax-Dodging Companies Pay for Biden’s Infrastructure Plan

The corporate income tax has been gutted. Raising rates and cracking down on evasion are sensible ways to come up with trillions of dollars.

#corporate-taxes, #federal-taxes-us, #tax-credits-deductions-and-exemptions, #tax-shelters, #united-states-economy, #united-states-politics-and-government

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Voters Like Biden’s Infrastructure Plan; Taxes Are an Issue

A Times poll shows large majorities back spending on roads, ports, broadband and more. But Republicans aim to make corporate tax increases the issue.

#american-jobs-plan-2021, #biden-joseph-r-jr, #corporate-taxes, #federal-budget-us, #federal-taxes-us, #infrastructure-public-works, #law-and-legislation, #polls-and-public-opinion, #surveymonkey, #united-states-economy, #united-states-politics-and-government

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President Biden Makes the Case for Infrastructure in Bipartisan Meeting

The president met with lawmakers from both parties in an effort to show some flexibility on the size of his $2 trillion proposal and how to pay for it.

#american-rescue-plan-2021, #biden-joseph-r-jr, #corporate-taxes, #house-of-representatives, #infrastructure-public-works, #senate, #united-states-politics-and-government

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Trump’s Corporate Tax Cut Was a Flop

The abject failure surprised even the critics.

#corporate-taxes, #federal-taxes-us, #international-monetary-fund, #tax-cuts-and-jobs-act-2017, #tax-shelters

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With Warning to Democrats, Manchin Points the Way for Biden’s Agenda

The West Virginia Democrat’s latest plea for bipartisanship suggested that, to win over a critical swing vote in his own party, President Biden will first have to reach out to Republicans.

#american-jobs-plan-2021, #american-rescue-plan-2021, #biden-joseph-r-jr, #corporate-taxes, #democratic-party, #federal-budget-us, #infrastructure-public-works, #law-and-legislation, #manchin-joe-iii, #republican-party, #senate, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

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Biden, Yellen and the War on Leprechauns

Bribing corporations with low taxes isn’t the way to create jobs.

#biden-joseph-r-jr, #corporate-taxes, #federal-taxes-us, #foreign-investments, #tax-cuts-and-jobs-act-2017, #tax-shelters

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Targeting Overseas Tax Shelters

How one U.S. multinational used overseas shelters to slash its tax bill — and how the Biden administration plans to crack down on such practices.

#bristol-myers-squibb-company, #corporate-taxes, #drugs-pharmaceuticals, #federal-taxes-us, #tax-shelters, #treasury-department, #united-states

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Taxes, Chauvin Trial, N.C.A.A.: Your Monday Evening Briefing

Here’s what you need to know at the end of the day.

#abdullah-ii-king-of-jordan, #arradondo-medaria, #coronavirus-2019-ncov, #corporate-taxes, #google-inc, #ncaa-basketball-championships-men, #politics-and-government

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New York State Is Set to Raise Taxes on Those Earning Over $1 Million

The deal, a sign of Gov. Andrew Cuomo’s weakened influence, would mean wealthy New York City residents would pay the highest combined local tax rate in the nation.

#budgets-and-budgeting, #corporate-taxes, #cuomo-andrew-m, #high-net-worth-individuals, #income-tax, #new-york-state, #taxation

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No Federal Taxes for Dozens of Big, Profitable Companies

FedEx and Nike are among those found to have avoided U.S. tax liability for three straight years.

#corporate-taxes, #federal-taxes-us, #income-tax, #institute-on-taxation-and-economic-policy, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #taxation, #united-states-economy, #united-states-politics-and-government

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Bidenomics Is as American as Apple Pie

Big spending on infrastructure goes back to the Erie Canal.

#american-jobs-plan, #american-rescue-plan-2021, #biden-joseph-r-jr, #corporate-taxes, #income-tax, #infrastructure-public-works, #made-in-america-tax-plan, #tax-cuts-and-jobs-act-2017, #united-states-economy, #united-states-politics-and-government

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An Accidental Disclosure Exposes a $1 Billion Tax Fight With Bristol Myers

The I.R.S. believes the American drugmaker used an abusive offshore scheme to avoid federal taxes.

#accounting-and-accountants, #bristol-myers-squibb-company, #corporate-taxes, #federal-taxes-us, #internal-revenue-service, #legal-profession, #pricewaterhousecoopers, #tax-evasion, #tax-shelters, #whitecase

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Biden Tax Plan Charts New Path to Economic Growth

The president sees public spending, rather than relying on businesses to turn tax cuts into investment, as the key to competitiveness.

#biden-joseph-r-jr, #corporate-taxes, #corporations, #federal-taxes-us, #infrastructure-public-works, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

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Biden to Pay for Infrastructure Plan With 15 Years of Corporate Taxes

The president will propose using the revenue from increasing corporate taxes to pay for eight years of ambitious spending on roads, bridges, utilities and other needs.

#biden-joseph-r-jr, #corporate-taxes, #democratic-party, #federal-budget-us, #federal-taxes-us, #house-of-representatives, #infrastructure-public-works, #republican-party, #senate, #trump-donald-j, #united-states-chamber-of-commerce, #united-states-economy, #united-states-politics-and-government

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Biden Poised to Raise Taxes on Business and the Rich

The president’s infrastructure proposals are likely to require trillions of dollars in new tax revenue. They also give liberals a chance to address what they call the failures of Republican tax cuts.

#biden-joseph-r-jr, #corporate-taxes, #democratic-party, #federal-taxes-us, #income-tax, #infrastructure-public-works, #republican-party, #senate, #tax-cuts-and-jobs-act-2017, #taxation, #united-states-economy, #united-states-politics-and-government

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Biden’s Task: Overhaul the Economy, as Fast as Possible

The president will need to make rapid, strategic choices to advance his “Build Back Better” agenda, possibly including dropping some campaign plans to salvage the rest.

#biden-joseph-r-jr, #corporate-taxes, #democratic-party, #federal-taxes-us, #house-of-representatives, #income-inequality, #infrastructure-public-works, #labor-and-jobs, #law-and-legislation, #republican-party, #senate, #stimulus-economic, #united-states-economy, #united-states-politics-and-government, #women-and-girls

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Trump Taxes: Here’s What’s Next in the Manhattan D.A.’s Investigation

A Supreme Court ruling has paved the way for prosecutors to begin combing through Mr. Trump’s financial records.

#corporate-taxes, #deutsche-bank-ag, #federal-taxes-us, #income-tax, #insurance, #manhattan-nyc, #mazars-usa, #presidential-election-of-2020, #supreme-court-us, #trump-organization, #trump-tax-returns, #trump-donald-j, #trump-donald-j-jr, #trump-eric-f-1984, #trump-ivanka, #united-states-politics-and-government, #vance-cyrus-r-jr

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Maryland Nears Country’s First Tax on Big Tech’s Ad Revenue

Analysts estimate that the tax would generate up to $250 million for schools in the state in the first year. It would also probably face fierce legal challenges.

#corporate-taxes, #hogan-lawrence-j, #law-and-legislation, #maryland, #online-advertising, #state-legislatures, #taxation, #vetoes-us

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Biden Wants to Raise Taxes, Yet Many Trump Tax Cuts Are Here to Stay

While Democrats have vowed to repeal the former president’s signature 2017 law, his successor is more likely to tinker with it, given constraints.

#corporate-taxes, #federal-budget-us, #federal-taxes-us, #infrastructure-public-works, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #tax-shelters, #taxation, #trump-tax-returns, #united-states-politics-and-government

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Corporate America Views Biden With Optimism and Skepticism

Big business broke with Republicans in the final days of the Trump administration. That doesn’t mean executives are fully ready to embrace President Biden.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #corporate-taxes, #executive-orders-and-memorandums, #federal-taxes-us, #immigration-and-emigration, #infrastructure-public-works, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

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After Riot, Business Leaders Reckon With Their Support for Trump

Many in corporate America endorsed the president’s economic policies, which were good for them and gave him mainstream business credibility. It was “fool’s gold,” one said on Thursday.

#corporate-taxes, #corporations, #national-assn-of-manufacturers, #tax-cuts-and-jobs-act-2017, #trump-donald-j, #united-states-politics-and-government, #walker-darren-1959

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N.J. Approves $14 Billion in Corporate Tax Breaks in Less Than a Week

The incentive package was pushed by Gov. Philip D. Murphy, a progressive Democrat who has railed against similar tax breaks in the past. His allies are not happy.

#corporate-taxes, #corporations, #law-and-legislation, #new-jersey, #state-legislatures, #tax-credits-deductions-and-exemptions

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Manhattan D.A. Intensifies Investigation of Trump

Prosecutors have recently interviewed employees of President Trump’s lender and insurance brokerage, in the latest indication that he still faces the potential threat of criminal charges once he leaves office.

#aon-corp, #banking-and-financial-institutions, #cohen-michael-d-1966, #corporate-taxes, #deutsche-bank-ag, #family-business, #income-tax, #insurance, #manhattan-nyc, #mazars-usa, #presidential-election-of-2020, #supreme-court-us, #trump-organization, #trump-tax-returns, #trump-donald-j, #trump-ivanka, #ttt-consulting-llc, #united-states-politics-and-government, #vance-cyrus-r-jr

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Yellen Would Assume Vast Policy Portfolio as Treasury Secretary

From trade and sanctions to tax policy and financial regulation, the former Fed chair will be at the center of the new administration’s agenda.

#appointments-and-executive-changes, #biden-joseph-r-jr, #content-type-personal-profile, #coronavirus-2019-ncov, #corporate-taxes, #embargoes-and-sanctions, #federal-budget-us, #national-debt-us, #presidential-transition-us, #regulation-and-deregulation-of-industry, #treasury-department, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government, #yellen-janet-l

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In a Divided Washington, Biden Could Still Exert Economic Power

If Republicans control the Senate, a Biden administration could take a cue from President Trump and find ways to act unilaterally on some economic issues.

#biden-joseph-r-jr, #consumer-financial-protection-bureau, #cordray-richard, #coronavirus-aid-relief-and-economic-security-act-2020, #corporate-taxes, #federal-reserve-system, #federal-taxes-us, #international-trade-and-world-market, #kraninger-kathy, #minimum-wage, #presidential-election-of-2020, #quarles-randal-k, #regulation-and-deregulation-of-industry, #stimulus-economic, #student-loans, #tiktok-bytedance, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #wechat-mobile-app

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China Envisions a New Hong Kong, Firmly Under Its Control

The government hopes to turn Hainan Island into a financial and shopping destination. Matching the former British colony won’t be easy.

#china, #communist-party-of-china, #corporate-taxes, #hainan-island-china, #income-tax, #international-trade-and-world-market, #luxury-goods-and-services, #politics-and-government, #shopping-and-retail, #tax-shelters, #travel-and-vacations

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Biden and Surrogates Hit Trump on Taxes in Closing Argument

“Why should you pay more taxes than Donald Trump?” Joseph R. Biden Jr. asked as he took aim at the president’s taxes and tax policy.

#biden-joseph-r-jr, #corporate-taxes, #federal-budget-us, #federal-taxes-us, #harris-kamala-d, #house-of-representatives, #income-tax, #internal-revenue-service, #mcconnell-mitch, #national-debt-us, #obama-barack, #presidential-election-of-2020, #sanders-bernard, #senate, #trump-tax-returns, #trump-donald-j

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Trump’s Manufacturing Promises Disappoint as Economy Sours

Foxconn’s failure to deliver on a Wisconsin project underscores the limits of the president’s power to make companies bend to his will.

#coronavirus-2019-ncov, #corporate-taxes, #customs-tariff, #factories-and-manufacturing, #labor-and-jobs, #layoffs-and-job-reductions, #presidential-election-of-2020, #relocation-of-business, #steel-and-iron, #tax-cuts-and-jobs-act-2017, #united-states-economy

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Tax Officials Investigate Euro Pacific Bank in Puerto Rico

Tax enforcers from five nations are investigating Euro Pacific Bank, which operates in a U.S. territory criticized in the past for its lax financial regulation.

#banking-and-financial-institutions, #corporate-taxes, #euro-pacific-intl-bank-inc, #federal-taxes-us, #money-laundering, #peter-schiff, #puerto-rico, #tax-evasion, #tax-shelters

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For Long-Term Investors, Small Things Like Presidential Elections Don’t Matter

There is heartbreak almost everywhere you look, our columnist says, but the stock market usually rises anyway.

#amazon-com-inc, #coronavirus-2019-ncov, #corporate-taxes, #democratic-party, #dimensional-fund-advisors, #exxon-mobil-corp, #federal-taxes-us, #high-net-worth-individuals, #infrastructure-public-works, #oil-petroleum-and-gasoline, #presidential-election-of-2020, #regulation-and-deregulation-of-industry, #republican-party, #sp-dow-jones-indices, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy, #united-states-politics-and-government

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Global Talks on Taxing Tech Firms Will Slip Into 2021

The talks at the Organization for Economic Cooperation and Development have progressed on several fronts, but a dispute remains between the Trump administration and key allies.

#computers-and-the-internet, #coronavirus-aid-relief-and-economic-security-act-2020, #corporate-taxes, #customs-tariff, #federal-taxes-us, #international-trade-and-world-market, #tax-cuts-and-jobs-act-2017

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The I.R.S. Is Outgunned

The agency doesn’t have the resources to battle the tax lawyers of the ultrarich. Trump’s returns are just one example of how little the wealthy pay.

#corporate-taxes, #corporations, #federal-taxes-us, #income-inequality, #internal-revenue-service, #tax-evasion, #trump-tax-returns, #united-states, #united-states-politics-and-government

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Trump’s Payroll Tax ‘Cut’ Fizzles

Big companies say the president’s directive to delay collection of the tax that funds Social Security is more trouble than it is worth. Federal employees are upset they are stuck with it.

#corporate-taxes, #executive-orders-and-memorandums, #federal-taxes-us, #layoffs-and-job-reductions, #payroll-tax, #social-security-us, #stimulus-economic, #tax-cuts-and-jobs-act-2017, #united-states-economy

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Biden Pushes a Jobs Plan and Tears Into Trump’s Covid Response in Michigan

Before sketching out a plan to keep more jobs in the United States, the former vice president denounced his rival over revelations in a new book that the president knowingly minimized the coronavirus’s dangers.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #corporate-taxes, #federal-taxes-us, #labor-and-jobs, #michigan, #outsourcing, #trump-donald-j

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White House Wants Companies to Foot Payroll Tax Bill for Workers

The Treasury Department has not been willing to issue guidance making it clear that companies will be on the hook for deferred taxes, further delaying crucial information for businesses.

#coronavirus-2019-ncov, #corporate-taxes, #executive-orders-and-memorandums, #federal-taxes-us, #payroll-tax, #taxation, #treasury-department, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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Trump’s Bank Was Subpoenaed by N.Y. Prosecutors in Criminal Inquiry

The subpoena, sent to Deutsche Bank, suggests that the inquiry into President Trump’s business practices is more wide-ranging than previously known.

#aon-corp, #cohen-michael-d-1966, #corporate-taxes, #deutsche-bank-ag, #federal-taxes-us, #frauds-and-swindling, #mazars-usa, #subpoenas, #supreme-court-us, #trump-organization, #trump-tax-returns, #trump-donald-j, #united-states-politics-and-government, #vance-cyrus-r-jr

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Apple Scores Legal Victory Against $14.9 Billion E.U. Tax Demand

The decision is a setback for European efforts to clamp down on what the authorities there believe is anti-competitive behavior.

#antitrust-laws-and-competition-issues, #apple, #corporate-taxes, #european-union, #regulation-and-deregulation-of-industry

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Trump Eyes New Tax Cuts for Next Stimulus Package

The president and his advisers are mulling a variety of deductions and rate cuts meant to help businesses, workers and investors, setting up a clash with Democrats.

#coronavirus-2019-ncov, #corporate-taxes, #federal-taxes-us, #payroll-tax, #recession-and-depression, #tax-credits-deductions-and-exemptions, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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The Tax-Break Bonanza Inside the Economic Rescue Package

As small businesses and individuals struggle to obtain federal aid, the wealthiest are poised to reap tens of billions of dollars in tax savings.

#coronavirus-aid-relief-and-economic-security-act-2020, #corporate-taxes, #federal-taxes-us, #high-net-worth-individuals, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017

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