The IRS said it would withdraw and revamp additional parts of the proposed regulations on the corporate book-income tax, relating to adjustments to income for items measured at fair value, utilities’ ...

One of the biggest revenue raisers in Democrats’ latest health care and climate change spending bill is a new minimum tax on companies’ book income – but the levy will hit some industries harder than ...

Last week, Senator Joe Manchin (D-WV) and Senate Majority Leader Chuck Schumer (D-NY) announced a budget reconciliation deal that would raise taxes on corporations and high-income households to ...

Don’t be fooled by the name. While the latest proposal from Senate Democrats to raise taxes and spend more taxpayer money is called the Inflation Reduction Act, it would actually do the opposite. The ...