— The US Treasury Department unveiled new proposals on Thursday to implement a rule requiring some of America's largest corporations to pay a minimum corporate tax rate of 15 percent.

The U.S. Treasury on Monday proposed a new mechanism to comply with and enforce a 15% global corporate minimum tax agreed to last year by 136 countries, partly by denying deductions for taxes paid ...

The U.S. Treasury Department on Thursday said it has proposed raising the effective minimum rate that U.S. corporations pay on overseas income to 21% from about 10.5% as it aims to bring the ...

The preliminary guidance applies to an alternative minimum tax for large corporations and a tax on stock buybacks, which helped fund President Biden’s climate and health bill.

Officials in the department’s Office of Tax Policy felt the new 15 percent minimum tax could lead to unintended consequences and prove difficult to enforce.

In IR-2023-74, Treasury and the IRS released proposed regulations to designate certain microcaptive transaction as listed transactions a/k/a presumed tax shelters.

The United States has confirmed plans to announce a few trade issues in the next 48 hours, as confirmed by Treasury Secretary ...

WASHINGTON (Reuters) - The U.S. Treasury on Thursday announced new proposed rules for a new corporate alternative minimum tax that is expected to generate $250 billion in U.S. revenues over 10 ...

The Administration has come out with their 2024 tax proposals. Though unlikely to be taken up by Congress, it may be on the agenda if Biden wins a second term.

The proposed $6 trillion fiscal year 2022 budget unveiled by the Biden Administration includes a host of tax items, including proposals to raise the corporate tax rate, raise the top tax rate for high ...

The proposals revive elements of Mr. Biden’s economic agenda that have struggled to gain traction in Congress over the last year, including reversing major components of the 2017 tax law that ...