Category: Corporate Taxes

I.R.S. Tactics Against Meta Open a New Front in the Corporate Tax Fight

The New York Times – Business:
The agency is using real-world profit data to challenge how big companies value offshore intellectual property.
Venezuelan Lawmakers Approve Sweeping Overhaul of Oil Sector

Bowing to Trump administration pressure, the new legislation improves conditions for foreign oil companies and opens the way to slash the taxes they pay.
Businesses Are Cashing In on Trump’s Tax Cuts

Corporate tax revenue has quickly dipped since Republicans passed tax cuts this summer. But economists think these tax breaks might be worth it.
How the Trump Administration Is Giving Even More Tax Breaks to the Wealthy

The Treasury Department and Internal Revenue Service are issuing rules that provide hundreds of billions of dollars in tax relief to big companies and the ultrarich.
Renewable Energy Is Booming Despite Trump’s Efforts to Slow It

With federal subsidies ending or becoming hard to claim, companies are racing ahead with solar, wind and battery projects.
Trump Warns of Doom if Tariffs Are Ruled Illegal. Others See a Tax Cut.

Many American companies have had to shoulder at least some of the costs of tariffs, biting into earnings the same way a corporate tax increase would, analysts say.
Trump Administration Halts I.R.S. Crackdown on Major Tax Shelters

The Treasury Department is rolling back efforts to shut down aggressive strategies used by America’s biggest multinational companies and wealthiest people.
Elon Musk’s SpaceX Most Likely Doesn’t Pay Taxes

Elon Musk’s rocket company relies on federal contracts, but years of losses have most likely let it avoid paying federal income taxes, according to internal company documents.
Trump’s Tariffs Set to Hit Ireland, Where Drugmakers Play Tax Games

Manufacturing in Ireland has long helped many American drug companies pay lower taxes. But that strategy was designed for a world without President Trump’s tariffs.
How Republicans Supersized Silicon Valley’s Favorite Tax Break

Tucked into the huge set of tax cuts that Republicans passed into law this month was the expansion of an unusually valuable tax break for start-up investors.
He Helped Big Companies Dodge Taxes. Now He’s Writing the Rules.

Ken Kies, a longtime tax lobbyist who worked for some of the world’s largest businesses, is now running the Treasury Department’s office that will administer Trump’s tax law.
G7 Backs Plan for ‘Side-by-Side’ Tax System to Avoid U.S. Fight

American companies will be exempt from penalties related to a 2021 global minimum tax deal that President Trump opposes.