President Donald Trump on Monday declared that a global corporate minimum tax deal "has no force or effect" in the U.S., effectively pulling America out of the landmark 2021 arrangement negotiated ...

The Treasury Department announced a deal with G-7 allies that will exclude US companies from some taxes imposed by other countries in exchange for removing the Section 899 “revenge tax ...

The Trump administration is pressing Congress to dramatically expand the number of business-friendly tax cuts in a budget bill that's already complicated and costly. Why it matters: New additions ...

Americans will face a “crushing” $4 trillion tax increase, the largest in history, if Congress doesn’t back Donald Trump’s economic agenda, and ensure the dollar remains the world's ...

But that all changed with the new administration, which took power in Washington in January. President Joe Biden and his Treasury Secretary, Janet Yellen, wanted a deal and made specific proposals.

Yellen has supported the OECD proposals (Pillars 1 and 2) but is pulling back on the idea of a billionaire’s tax. “We believe in progressive taxation,” Yellen said.

FinCEN’s March 21 Interim Final Rule exempts U.S. companies and persons from Corporate Transparency Act (CTA) BOI reporting. Only foreign-formed entities must comply ...

The OECD said on Thursday that negotiators had backed a proposed minimum corporate tax rate of at least 15%. US Treasury Secretary Janet Yellen said: "Today is an historic day for economic diplomacy." ...