tax reform

Merkel’s Partner Wants to Forget That Talk of Ditching Coalition

Merkel’s Partner Wants to Forget That Talk of Ditching Coalition

Talk of bringing down Chancellor Angela Merkel’s government or demanding huge concessions has all but evaporated as Germany’s Social Democrats prepare for coalition talks.
Americans to Inherit $764 Billion This Year, Mostly Tax-Free

Americans to Inherit $764 Billion This Year, Mostly Tax-Free

One way the rich get richer is through inheritance, and they’re barely paying taxes on it.

Tom Steyer Would Pay $18 Million More in Taxes Under Democrats’ Plan

Billionaire and Democratic presidential contender Tom Steyer would pay $17.9 million more in annual taxes under a plan Democrats are considering should they sweep Congress and the White House in the
Bloomberg Offers Few Details to Back Up Trillions in Spending

Bloomberg Offers Few Details to Back Up Trillions in Spending

Ask Democratic presidential candidate Michael Bloomberg how he’ll pay for his plans to create jobs, provide health insurance and repair roads and bridges, and you get the same answer: Wait until you
Venezuela Considers Tax on U.S. Dollar Sales to Boost State Coffers

Venezuela Considers Tax on U.S. Dollar Sales to Boost State Coffers

Venezuela is considering to impose a tax on the growing number of sales being conducted in U.S. dollars to boost government revenue at a time when foreign reserves are at a 30-year low.

Biden, Sanders Overstate Tax-Hike Revenue, Estimates Find

Democratic presidential candidates Joe Biden and Bernie Sanders have overestimated the amount of revenue their tax proposals would generate by hundreds of billions, or even trillions, of dollars,
Apple CEO Tim Cook: Global Tax System Needs to Be Overhauled

Apple CEO Tim Cook: Global Tax System Needs to Be Overhauled

Tim Cook, the CEO of tech giant Apple, has stated that a global overhaul of tax regulations is needed. Cook supports a current initiative by the Organisation for Economic Cooperation and Development
Trump Tax Cut Hands $32 Billion Windfall to America’s Top Banks

Trump Tax Cut Hands $32 Billion Windfall to America’s Top Banks

Savings for the top six U.S. banks from President Donald Trump’s signature tax overhaul accelerated last year, now topping $32 billion as the lenders curbed new borrowing, pared jobs and ramped up
White House Plans Tax Cut, Hopeful of a Republican House Majority

White House Plans Tax Cut, Hopeful of a Republican House Majority

The White House continues to work on a new tax-cut plan in hope that Republicans will be in control of Congress after the 2020 elections, President Donald Trump’s top economic aide Larry Kudlow said.
AOC, Sanders Say I Told You So, as Amazon, Facebook Come to NYC

AOC, Sanders Say I Told You So, as Amazon, Facebook Come to NYC

Democratic Representative Alexandria Ocasio-Cortez and Presidential candidate Bernie Sanders are taking a victory lap after Amazon.com Inc. and other technology giants leased millions of square feet
U.K. Tories Court Votes With ‘Responsible’ Tax and Spending Plan

U.K. Tories Court Votes With ‘Responsible’ Tax and Spending Plan

U.K. Chancellor Sajid Javid drew election battle lines over tax and spending, accusing the Labour opposition of “reckless plans and ideological experiments” that would send foreign investors fleeing.
Aramco Launches IPO With Crown Prince’s Economic Vision at Stake

Aramco Launches IPO With Crown Prince’s Economic Vision at Stake

Saudi Arabia is pulling out all the stops to ensure the success of Aramco’s initial public offering after Crown Prince Mohammed bin Salman finally decided to offer shares in the world’s largest oil
Buttigieg Eyes 35% Corporate Tax Rate to Fund Health Plan

Buttigieg Eyes 35% Corporate Tax Rate to Fund Health Plan

Pete Buttigieg would pay for his $1.5 trillion health-care plan by rolling back President Donald Trump’s corporate tax cut to return the rate to 35% and allowing Medicare to negotiate drug prices,
Jokowi Targets $7 Trillion Indonesia Economy With New Cabinet

Jokowi Targets $7 Trillion Indonesia Economy With New Cabinet

Joko Widodo, Indonesia's president, recites the oath of office next to the Holy Quran during the presidential inauguration at the parliament in Jakarta, Indonesia, on Sunday, Oct. 20, 2019. Widodo was
Victory for Trump Tax Reform: Federal Court Upholds State, Local Deduction Limits

Victory for Trump Tax Reform: Federal Court Upholds State, Local Deduction Limits

A key provision of the Trump tax cuts has survived a challenge from high tax Blue States that claimed they were unfairly targeted.
Sanders, Warren Compete for Who Can Tax Billionaires the Most

Sanders, Warren Compete for Who Can Tax Billionaires the Most

Senator Elizabeth Warren’s wealth tax proposal is big. Senator Bernie Sanders’ is about 60% bigger.
Vestager Tax Crusade Stutters as Hungary Wins EU Court Clash

Vestager Tax Crusade Stutters as Hungary Wins EU Court Clash

Hungary won a court fight with European Union regulators over a tax on advertising, in another setback for Competition Commissioner Margrethe Vestager’s crusade against nations she says are gaming
Hunt’s Tax and Spending Plans Would Cost U.K. $36 Billion

Hunt’s Tax and Spending Plans Would Cost U.K. $36 Billion

Jeremy Hunt’s tax and spending proposals could cost the U.K. exchequer around 28 billion pounds ($36 billion) a year, adding to long-term pressures on the public finances, according to the Institute
Murphy Fights for N.J. Millionaire Tax: ‘Whose Side Are You On?’

Murphy Fights for N.J. Millionaire Tax: ‘Whose Side Are You On?’

Racing against New Jersey’s constitutional budget deadline, Governor Phil Murphy cast aside his typical diplomacy and said fellow Democrats against his millionaire’s tax were operating “in a bubble”
AbbVie Moves Allergan Profits to U.S. in Partial GOP Tax Law Win

AbbVie Moves Allergan Profits to U.S. in Partial GOP Tax Law Win

Allergan Plc, the drugmaker that emigrated to Ireland to avoid U.S. taxes in 2015, is now coming home -- at least partially.