— 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.

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 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 ...

Treasury Chief Rishi Sunak’s remarks at The Wall Street Journal’s CEO Council Summit highlight the potential for agreement on global tax rules in stop-start talks that are scheduled to wrap up ...

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 ...