WASHINGTON, United States (AFP) – The US Treasury Department unveiled new proposals Thursday to implement a rule requiring some of America’s largest corporations to pay a minimum corporate tax ...

— 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 Treasury Department on Friday, Dec. 15, issued long-awaited guidance around tax credits for aviation fuel that reduces emissions of greenhouse gases compared with conventional fuel.

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” proposal from ...

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.

WASHINGTON, D.C. — 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.

Energy US Treasury Department issues guidelines around a new tax credit for sustainable aviation fuel New regimen of tax credits will range from $1.25 to $1.75 per gallon ...