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US Multinational Tax Reform Options: Taxation of US Multinationals

US Multinational Tax Reform Options: Taxation of US Multinationals
taxfoundation.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taxfoundation.org Daily Mail and Mail on Sunday newspapers.

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World Insights: Global corporate tax deal faces tough battle in U.S. Congress - World News


2021-07-17 05:35:56 GMT2021-07-17 13:35:56(Beijing Time) Xinhua English
WASHINGTON, July 16 (Xinhua) While financial leaders of the Group of 20 (G20) major economies have endorsed a deal to overhaul international corporate tax rules, questions remain over the ability of the Biden administration to persuade a deeply divided U.S. Congress to ratify the deal, experts have said.
GLOBAL TAX DEAL
After many years of discussions and building on the progress made last year, we have achieved a historic agreement on a more stable and fairer international tax architecture, G20 finance ministers and central bank governors said in a communique after a meeting in Venice, Italy last week. ....

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Democrats make politically risky bet on monthly child tax credit


Democrats make politically risky bet on monthly child tax credit
By Laura Davison - Bloomberg News
The Bond family of Columbus, Ohio, are among millions of American families who will begin receiving child tax credits in July.
Columbus Dispatch/TNS
WASHINGTON Democratic lawmakers are betting that an expanded child tax credit, paid out monthly for the first time, will prove to be a successful campaign message in the 2022 midterm elections, but the policy also has political risks that could alienate some taxpayers.
Starting July 15 and going through the year’s end, parents will begin receiving monthly direct deposits or checks for as much as $300 per child. The move was part of President Joe Biden’s $1.9 trillion pandemic-relief bill from March. ....

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