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Corporate Income Tax Is a Game No One Wins
This week, Treasury Secretary Jack Lew asked Congress to make it harder for US corporations to evade taxes by being "acquired" by a foreign corporation in a low-tax country. It's the latest in the long...
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CEO Salary Bigger Than Tax Bill at 7 Top Companies
Two Washington think tanks have some jarring figures in a report outlining the case for corporate tax reform: Seven of the top 30 US firms pay more to their CEOs than they pay in federal income tax,...
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Icahn Drops $150M to Fight Corporate Tax Dodgers
Billionaire investor Carl Icahn said Wednesday he is creating a $150 million super PAC focused on revising corporate tax law. Icahn will use his super PAC to press Congress to pass legislation that...
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Trump Pushes Huge Tax Cut, but There's One Big Problem
President Trump promises to outline his tax proposals on Wednesday, and the big headline in advance is that he wants to cut the corporate tax rate dramatically from 35% to 15% even if that raises the...
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This Company Has a -5% Corporate Tax Rate
To best understand how President Trump's plan to cut the corporate tax rate from 35% to 20% would affect companies, it's necessary to determine a company's effective tax rate. WalletHub is on the case....
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House GOP Won't Cut Taxes for Wealthiest Earners
Furiously working to finish a tax bill, House Republicans have decided to keep the income tax rate for the wealthiest earners in the face of Democratic criticism that the overhaul pushed by President...
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Yellen Wants Minimum Global Corporate Tax
Treasury Secretary Janet Yellen on Monday urged the adoption of a minimum global corporate income tax, an effort to offset any disadvantages that might arise from the Biden administration's proposed...
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Biden Open to Compromise on Corporate Tax Hike
President Biden said Wednesday that he is open to compromise with Republicans on how to pay for his massive $2.3 trillion infrastructure plan . He's also going to have to be open to compromise with...
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Biden's Global Minimum Tax on Companies Signs Up Nations
Some 130 countries have backed a global minimum tax as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates. The agreement...
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