Taxes

World leaders struck a landmark deal last week to make it more difficult for multinational corporations to evade taxation and ensure big companies pay a minimum rate of 15%.

Democrats say the reporting requirement would help the IRS crack down on fraud, Republicans say it's government snooping.

A Democrat-proposed $3.5 trillion reconciliation package will need "40 different taxes" to pay for the bill's sweeping measures, Sen. John Barrasso, R-Wyo., said.

Treasury Secretary Janet Yellen has reiterated support for the global minimum tax as Congress continues to debate President Biden’s titanic infrastructure bill.

The Organisation for Economic Cooperation and Development on Friday announced a landmark agreement to overhaul international tax rules.

Ireland has agreed to join a groundbreaking international agreement for a global minimum tax rate on corporations around the world, sacrificing its prized low-tax policy that has attracted major multinationals including Apple, Facebook and Google.

Democrats are deciding what to keep or cut in their $5 trillion spending bill, and here is one proposal that Sen. Joe Manchin ought to excise: Converting the child tax credit into a universal basic income, which will discourage the work and advancement essential to escape poverty. New research this week suggests that the bill could drive more than one million workers from the labor force.

Democrats reached a deal to narrow the scope of a plan from the Biden administration that could force banks to turn over customers' account information to the Internal Revenue Service.

A provision that would all the IRS to monitor $600 transactions is falling flat at the state level as opposition grows.

Florida Sen. Rick Scott discusses how inflation impacts American families.