Senate Republicans are debating changes to the legislation, after a key official rejected some proposals. Time is ticking for hitting President Trump’s deadline.
Category: Corporate Taxes
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Trump Administration Tells Congress to Kill ‘Revenge Tax’ From Policy Bill
Treasury Secretary Scott Bessent said the Group of 7 agreed that penalties related to a 2021 “global minimum tax” deal will not apply to American companies.
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Republican Bill Could Set Off Global Tax Fight
Retaliatory taxes on foreign companies operating in the U.S. could open the door for a broader economic conflict.
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Trump’s Tariff Threat for Drug imports Poses Big Political Risks
Levies on Americans’ daily prescriptions and other medicines could raise costs, spur rationing and lead to shortages of critical drugs.
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What Did Trump’s Tax Cuts Do?
Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.
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Can Corporate America Help Harris Win Pennsylvania?
The vice president has raised huge sums and has won over many business leaders. Despite that, the presidential race remains tight in battleground states.
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France Unveils Tough Austerity Budget to Mend Its Finances
The French government is seeking deep spending cuts and higher taxes in an effort to tame its ballooning debt and deficit.
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France Prepares to Raise Taxes on Businesses and the Rich
France’s new prime minister, Michel Barnier, has opened the door to reversing some of President Emmanuel Macron’s tax cuts in an effort to fix the country’s widening budget deficit.
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A Corporate Minimum Tax Aimed at Closing ‘Loopholes’ Leaves Gaps
The Treasury Department estimates that a new law requiring big companies to pay a 15 percent tax will raise $250 billion from large corporations over the next 10 years.
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What Wall Street Wants to Hear at the Presidential Debate
Taxes, tariffs, trade and regulation: Business leaders have a long list of topics they want addressed in Tuesday’s presidential showdown.