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Opinions/Stories

A global tax deal is at hand. Here’s how it would work

Governments will apply the tax on a country-by-country basis, so that companies cannot lower their tax bill simply by seeking out tax havens and “blending” their tax rates. That will ensure that…

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Pastries and persuasion: How a global tax deal got done

Officials from countries involved in the negotiations said the outcome was not clear until hours before the Organization for Economic Cooperation and Development announced that Ireland and two…

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Treasury warns that digital currencies could weaken US Sanctions

The Treasury Department also raised concern that America’s adversaries have been taking steps to reduce their reliance on the U.S. dollar and said new digital payments systems could exacerbate…

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Businesses push US President Joe Biden to develop China trade policy

US import duties still exist on roughly $360 billion worth of Chinese goods, and almost all of the exemptions that shielded more than 2,000 products from those tariffs have expired

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Social security is projected to be insolvent a year earlier than previously forecast

The Social Security Old-Age and Survivors Insurance Trust Fund will now be depleted in 2033, a year earlier than previously projected, according to the report

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IMF board backs $650 billion aid plan to help poor countries

The new allocation of so-called Special Drawing Rights would be the largest such expansion of currency reserves in the IMF’s history

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Wealthiest executives paid little to nothing in federal income taxes, report says

The analysis showed that the nation’s richest executives paid just a fraction of their wealth in taxes — $13.6 billion in federal income taxes on $401 billion of their wealth

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New stimulus package brings big benefits to the middle class

An analysis by the Tax Policy Center published this week estimated that middle-income families, those making $51,000 to $91,000 per year, will see their after-tax income rise by 5.5% as a result…

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Unemployment aid set to lapse Saturday as Trump’s plans for relief bill remain unclear

The sprawling economic relief package that Congress passed with overwhelming bipartisan support would extend the amount of time that people can collect unemployment benefits until March and revive…

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