Lawyers from top accounting firms do brief stints in the Treasury Department, with the expectation of big raises when they return.
Several big details remain to be worked out before an international October deadline.
Senate Democrats say a 2 percent tax on the money companies use to buy back stocks and tightened rules around taxing partnerships would raise $270 billion for their $3.5 trillion social policy bill.
Congressional committees this week begin drafting tax increases on the wealthy and corporations to pay for a $3.5 trillion social policy bill, but the targets are putting up a fight.
The approach marks a reversal of years of economic policies that embraced low taxes as a way for countries to attract investment and fuel growth.
The G20 gathering begins a crucial stretch in yearslong negotiations.
Secrecy has long been part of the art market’s mystique, but now lawmakers say they fear it fosters abuses and should be addressed.
American policymakers have sabotaged the nation’s ability to collect taxes from its corporations. Will Congress agree to change course?
The I.R.S. almost never audits private equity firms, even as whistle-blowers have filed claims alleging illegal tax avoidance.
A report showing that the richest Americans, including Jeff Bezos, Elon Musk and Warren Buffett, pay almost no taxes has refocused attention on the tax code.
Is the world finally ready to take on tax havens?
The overhaul under discussion includes a minimum tax that companies would pay regardless of where their headquarters were.
Biden has it mostly right. But will Congress water down his plans?
A new report details ViacomCBS’s use of a labyrinthine tax shelter to sell rights to its shows and films overseas.
The Biden administration wants other countries to back a minimum tax as part of its plan to raise the U.S. corporate tax rate to 28 percent from 21 percent.
The e-commerce giant’s European retail business had record sales in 2020, but its headquarters on the continent reported a $1.4 billion loss.
The president’s “American Families Plan,” which he will detail this week, will be offset in part by a tax enforcement effort that administration officials believe will raise $700 billion over a decade.
The corporate income tax has been gutted. Raising rates and cracking down on evasion are sensible ways to come up with trillions of dollars.
The abject failure surprised even the critics.
Bribing corporations with low taxes isn’t the way to create jobs.
The proposal includes provisions to raise the corporate tax rate to 28 percent, make it harder for companies to move profits overseas and beef up the Internal Revenue Service.
The plan detailed by the Treasury Department would make it harder for companies to avoid paying taxes on both U.S. income and profits stashed abroad.
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.
The I.R.S. believes the American drugmaker used an abusive offshore scheme to avoid federal taxes.
A former bank employee contends that the Swiss bank continued to help American clients avoid taxes long after its 2014 plea deal with the U.S. government
Most people have been able to pass on assets like a family home without federal tax, but that could be changing.
While Democrats have vowed to repeal the former president’s signature 2017 law, his successor is more likely to tinker with it, given constraints.
Increased spending to enforce the existing tax code would pay for itself and then some.
The government hopes to turn Hainan Island into a financial and shopping destination. Matching the former British colony won’t be easy.
The real estate industry has long enjoyed uniquely favorable tax treatment — thanks in part to Mr. Trump’s actions before and after he became president.
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.
Federal prosecutors said Robert T. Brockman had used a web of entities based in Bermuda and Nevis, as well as secret bank accounts in Bermuda and Switzerland, to hide $2 billion in income from the I.R.S.
The majority of taxpayers can’t afford the expensive professional advice on which successful tax-avoidance strategies depend.