Stay updated with breaking news from Eric Toder. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
From the Richmond FedGovernments across the globe recently reached agreement in principle on measures to counter the tax avoidance strategies of multinational corporations-- this post authored by John Mullin
Janet Yellen says critics of Biden's tax hikes are asking the wrong question CNN 1 hr ago Analysis by John Harwood © Alex Wong/Getty Images WASHINGTON, DC - DECEMBER 13: Federal Reserve Chair Janet Yellen speaks during her last news conference in office December 13, 2017 in Washington, DC. Yellen announced that the Federal Reserve is raising the interest rates by a quarter point to 1.5%. (Photo by Alex Wong/Getty Images) Doctors follow the Hippocratic oath: do no harm. The architects of President Joe Biden's tax increases took a somewhat different approach. They want some...
By Naomi Jagoda - 04/11/21 06:49 PM EDT The White House has sent mixed signals over its plans to raise taxes on the wealthy to pay for some of its policies, providing a lack of clarity about how President Biden The absence of details comes as Democrats are already debating privately how to pay for their programs, an issue when it comes to taxes that splits the party not only on philosophic lines but also on regional ones. Most Democrats support the idea of raising taxes on the wealthy and corporations, but Democrats representing suburban areas with high costs of living are sensitive a...
But what about the pass-throughs? 04/12/2021 10:00 AM EDT Editor’s Note: Weekly Tax is a weekly version of POLITICO Pro’s daily Tax policy newsletter, Morning Tax. POLITICO Pro is a policy intelligence platform that combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro. LET’S TALK ABOUT THE NUMBERS: It’s been a key part of President Joe Biden’s argument for hiking taxes on corporations — current revenue collections from big business are out of whack. That goes for the U.S., as a historical measure: “Ove...
Yellen pushes for global minimum tax rate to create 'more level playing field' Martha C. White © Provided by NBC News Higher corporate taxes are a key part of paying for President Joe Biden’s $2 trillion infrastructure package. In order to keep American multinational companies from being at a competitive disadvantage, the administration is lobbying for other countries to commit to a tax floor. In a speech to the Chicago Council on Global Affairs on Monday, Treasury Secretary Janet Yellen heralded a return to multilateralism after four years of diplomatic and economic isola...