The corporate income tax has been gutted. Raising rates and cracking down on evasion are sensible ways to come up with trillions of dollars.
A Times poll shows large majorities back spending on roads, ports, broadband and more. But Republicans aim to make corporate tax increases the issue.
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.
The abject failure surprised even the critics.
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.
Bribing corporations with low taxes isn’t the way to create jobs.
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.
Here’s what you need to know at the end of the day.
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.
FedEx and Nike are among those found to have avoided U.S. tax liability for three straight years.
Big spending on infrastructure goes back to the Erie Canal.
The I.R.S. believes the American drugmaker used an abusive offshore scheme to avoid federal taxes.
The president sees public spending, rather than relying on businesses to turn tax cuts into investment, as the key to competitiveness.
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.
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.
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.
A Supreme Court ruling has paved the way for prosecutors to begin combing through Mr. Trump’s financial records.
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.
While Democrats have vowed to repeal the former president’s signature 2017 law, his successor is more likely to tinker with it, given constraints.
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.
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.
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.
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.
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.
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.
The government hopes to turn Hainan Island into a financial and shopping destination. Matching the former British colony won’t be easy.
“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.
Foxconn’s failure to deliver on a Wisconsin project underscores the limits of the president’s power to make companies bend to his will.
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.
There is heartbreak almost everywhere you look, our columnist says, but the stock market usually rises anyway.
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.
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.
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.
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.
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.
The subpoena, sent to Deutsche Bank, suggests that the inquiry into President Trump’s business practices is more wide-ranging than previously known.
The decision is a setback for European efforts to clamp down on what the authorities there believe is anti-competitive behavior.
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.
As small businesses and individuals struggle to obtain federal aid, the wealthiest are poised to reap tens of billions of dollars in tax savings.