WASHINGTON, DC – AUGUST 18: U.S. President Joe Biden delivers remarks on the COVID-19 response and the vaccination program. (Photo by Anna Moneymaker/Getty Images) Ninety-seven percent of small-business owners will not face an income tax increase if President Biden’s tax plan becomes law, according to new analysis released by the […]
tax
By DAVID McHUGH and MARTIN CRUTSINGER, AP Business Writers Finance ministers from the Group of 20 countries will push for agreement on proposals backed by U.S. President Joe Biden to deter tax dodging by multinational companies. While approval of the sweeping tax package is likely at the G-20 meeting Friday […]
By DAVID MCHUGH, AP Business Writer FRANKFURT, Germany (AP) — Some 130 countries have agreed on a global minimum tax backed by President Joe Biden as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates. The agreement announced […]
TALLAHASSEE — Steering money from gambling to public education convinced Florida voters to sign off on a state lottery more than three decades ago. Now, sports-betting behemoths are banking on a similar strategy to legalize sports gambling across the state in a move that could unravel the cornerstone of a […]
Launch U.S. International Tax Reform Resource Center Key Findings The political effort to address profit shifting and limit the benefits of using low-tax jurisdictions to facilitate cross-border investment has focused on adopting a global minimum tax applicable to large multinational corporations. While a global minimum tax could act as […]
The town of Carolina Beach is working to reconfigure its budget after a proposed municipal service district was rejected Tuesday. The municipal service district would have added a tax of five cents per every $100 of valuation to property owners along the Carolina Beach boardwalk and marina. The measure was rejected on a 4-1 […]
LONDON — The Group of Seven wealthy democracies agreed Saturday to support a global minimum corporate tax of at least 15% to deter multinational companies from avoiding taxes by stashing profits in low-rate countries. [Video not showing up above? Click here to watch » https://www.youtube.com/watch?v=KTD0zns6mBI] G-7 finance ministers meeting in […]