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Tag: Taxation

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U.K. Announces Windfall Tax on Oil and Gas Profits

LONDON — The British government said it would use a windfall profits tax on oil and gas companies to help raise funds for direct...

How to Fight Inflation With Lessons From History

Up NorthAnnual spending in the Union reached a staggering 16 times its prewar budget. Despite the need for funds, there was great fear in...

SALT Deduction That Benefits the Rich Divides Democrats

WASHINGTON — A plan by House Democrats to reduce taxes for high earners in states like New Jersey, New York and California in their...

Democrats Aim to Set Minimum Tax for Large, Profitable Corporations

At least 70 of the largest companies in the United States would pay more in taxes under a new minimum tax that Democrats are...

House Passes $1 Trillion Infrastructure Bill, Putting Social Policy Bill on Hold

He followed up with private calls to moderate skeptics balking at supporting the social policy bill. Later, Mr. Biden twice phoned Representative Pramila Jayapal...

European Steel Plan Shows Biden’s Bid to Merge Climate and Trade Policy

WASHINGTON — President Biden has promised to use trade policy as a tool to mitigate climate change. This weekend, the administration provided its first...

A Global Tax Deal Is at Hand. Here’s How It Would Work.

WASHINGTON — Leaders of the Group of 20 nations are set to sign off on the most sweeping overhaul of the international tax system...

Democrats Rush to Rewrite U.S. Tax Code in Days

WASHINGTON — As they hunt for revenue to pay for their sprawling spending bill and try to unite a fractured caucus, Democrats are attempting...

In Push to Tax the Rich, White House Spotlights Billionaires

WASHINGTON — President Biden is leaning into his push to increase taxes on the rich as he seeks to unify Democrats in the House...

How Top Accounting Firms Help Their Clients Sidestep Taxes

This year, Mr. Harter returned to PwC.“I fully complied with Treasury Department conflicts rules by not meeting with PwC representatives” during a two-year “cooling...

House Democrats’ Plan to Tax the Rich Leaves Vast Fortunes Unscathed

The proposal includes substantial measures to raise taxes on the rich. Taxable income over $450,000 — or $400,000 for unmarried individuals — would be...

House Democrats Outline Tax Increases for Wealthy Businesses and Individuals

It also increases the top tax rate for capital gains — the proceeds from selling an asset like a boat or stocks — to...

As Democrats Push a $3.5 Trillion Bill, a Top Lawmaker Stays Mum on Tax Increases

While polls show widespread voter support for increasing taxes on the wealthiest individuals and corporations, some Democrats remain wary of political retribution for tax...

Democrats and Lobbyists Gird for Battle Over Far-Reaching Tax Increases

WASHINGTON — Congressional Democrats always knew their battle plan for raising taxes on corporations, large inheritances and the superwealthy would not survive initial contact...

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