Taxes

The latest Social Security Trustees' report shows just how bad the situation is.

A U.S.-Germany treaty dispute that has exposed large numbers of U.S service members and Defense Department support staff to tax penalties in the European country was not ‘on my radar,’ Secretary of State Antony Blinken said this week, according to a report.

Finance ministers from the Group of Seven rich nations said on Thursday they had to make more headway on the small print of a reform of global corporate tax rules in time for a summit of world leaders in October.

U.S manufacturers unveiled a six-figure ad campaign this week aimed at squashing vital parts of Democrats' $3.5 trillion reconciliation bill that include steeper taxes on corporations.

The IRS said in a statement Wednesday that those impacted by Hurricane Ida in parts of New York and New Jersey will be offered an extension to file various individual and business tax returns—similar to the relief already provided to victims in Louisiana.

The wealthiest Americans “choose not to pay” a massive sum in taxes each year, according to a report from the Treasury Department released Wednesday.

A majority of CEOs identified the prospect of steeper taxes this year as the greatest global threat to business growth as Democrats look to substantially raise rates on corporations in order to fund a sweeping, multitrillion-dollar spending package.

Florida Bankers Association CEO Alex Sanchez on the IRS looking to get more data about Americans’ financial activities from banks.

Wealthy Americans are bracing for steeper taxes as soon as this year as Democrats push forward with a massive, multitrillion-dollar spending bill.

Complications related to the COVID-19 pandemic resulted in a massive backlog at the Internal Revenue Service in the processing of business-related tax returns in 2020, according to a report from the Treasury Inspector General for Tax Administration.