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in Alternative and Renewable Energy, Biden, Corporate Taxes, Federal Taxes (US), Joseph R Jr, Tax Shelters, Treasury Department, United States Economy

Biden Unveils Plan to Raise Corporate Taxes

The Biden administration unveiled its plan to overhaul the corporate tax code on Wednesday, offering an array of proposals that would require large companies to pay higher taxes to help fund the White House’s economic agenda. The plan, if enacted, would raise $2.5 trillion in revenue over 15 years. It would do so by ushering […] More

by Tonya Frazier April 7, 2021, 10:30 am
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in Bristol Myers Squibb Company, Corporate Taxes, Drugs (Pharmaceuticals), Federal Taxes (US), Tax Shelters, Treasury Department, United States

Targeting Overseas Tax Shelters

How one U.S. multinational used overseas shelters to slash its tax bill — and how the Biden administration plans to crack down on such practices. View the Original Article More

by Tonya Frazier April 7, 2021, 5:01 am
9.5k Views
in Antony J, Biden, Blinken, China, Embargoes and Sanctions, European Union, Genocide and Crimes Against Humanity, Human Rights and Human Rights Violations, Joseph R Jr, Myanmar, Treasury Department, Uighurs (Chinese Ethnic Group), United States International Relations, War Crimes, Zhao Lijian

U.S. Joins Allies to Punish Chinese Officials for Human Rights Abuses

WASHINGTON — The United States placed sanctions on top Chinese officials on Monday, as part of a multinational effort to punish Beijing for human rights abuses against the largely Muslim Uighur minority group, which American officials have called a genocide. The penalties — in coordination with the European Union, the United Kingdom and Canada — […] More

by Tonya Frazier March 22, 2021, 3:29 pm
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in American Rescue Plan (2021), Stimulus (Economic), Taxation, Treasury Department

Biden Administration Faces Legal Fight Over State Aid Restrictions on Tax Cuts

WASHINGTON — State backlash against a restriction in the $1.9 trillion economic relief legislation that prohibits local governments from using aid money to cut taxes emerged as the Biden administration’s first major legal battle on Wednesday, as Ohio sued to block the provision and other states considered similar action. The litigation came amid growing pushback […] More

by Tonya Frazier March 17, 2021, 5:07 pm
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in Adewale, Adeyemo, American Rescue Plan (2021), Biden, Coronavirus (2019-nCoV), Executive Orders and Memorandums, Internal Revenue Service, Janet L, Joseph R Jr, Minorities, Race and Ethnicity, Stimulus (Economic), Treasury Department, United States Economy, United States Mint, United States Politics and Government, Yellen

Treasury Ramps Up Racial Equity Review as It Deploys Relief Funds

WASHINGTON — The Treasury Department is moving ahead with a formal racial equity review of the agency and its programs, putting in place an effort to ensure that economic fairness is prioritized throughout the Biden administration as it begins to disburse $1.9 trillion in relief money. The initiative is expected to be led by Adewale […] More

by Tonya Frazier March 17, 2021, 4:00 am

More stories

Biden Unveils Plan to Raise Corporate Taxes

Targeting Overseas Tax Shelters

U.S. Joins Allies to Punish Chinese Officials for Human Rights Abuses

Biden Administration Faces Legal Fight Over State Aid Restrictions on Tax Cuts

Treasury Ramps Up Racial Equity Review as It Deploys Relief Funds

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