Leaders of the world’s biggest economies on Saturday endorsed a global minimum tax on corporations as part of an agreement on new international tax rules, a step toward building more fairness amid skyrocketing revenues of some multinational businesses.
The European Union and the United States have reached an agreement to rein in tit-for-tat tariffs that date back to the Trump administration, officials announced on Saturday.
The federal budget deficit for fiscal year 2021 topped $2.77 trillion, the Biden administration announced on Friday.
Hungary’s nationalist conservative prime minister has accused the European Union’s executive of seeking to “destroy Europe’s middle classes” with a climate package.
As Europe faces widespread discontent over world energy prices hikes, France’s government rushed Friday to promise a one-off payment of 100 euro ($116) to each of its 38 million citizens.
The White House is considering new tax-increase plans to get enough Democrat senators to pass President Biden’s stalled multi-trillion dollar, social services and climate change package.
Senate Democrats are set Tuesday to announce a scaled-down version of the Biden administration’s proposal to crack down on Americans it suspects are dodging taxes.
Archaeologists in Virginia believe they have uncovered the foundation of an early 19th-century building that used to house Williamsburg’s First Baptist Church, one of America’s oldest black churches, Religious News Service (RNS) reports.
President Joe Biden and U.S. Treasury Secretary Janet Yellen are urging Congress to approve an international agreement for a global corporate tax of 15%, raising alarm among key GOP senators of an administration plan to circumvent the Senate’s treaty power under the U.S. Constitution.
On Friday, 136 countries agreed to setting a 15% minimum global tax rate for big corporations and to make it harder for them to avoid the tax, The Epoch Times reported. President Biden lauded the plan after it was announced, saying in a statement that “a strong global minimum tax will finally even the playing field for American workers and taxpayers, along with the rest of the world.
In a significant political setback, Czech Prime Minister Andrej Babis’ ANO party lost the elections after revelations that he had hidden millions in taxable assets.
World leaders hurried to explain their assets after millions of documents revealed their secret dealings in most extensive investigations of leaked offshore documents in history.
The Supreme Court on Monday begins a new term and returns with abortion, guns and religion on the agenda.
Hundreds of world leaders, powerful politicians, billionaires, celebrities, religious leaders, and drug dealers have been hiding their investments in mansions, exclusive beachfront property, yachts, and other assets for the past quarter-century, according to a review of nearly 12 million files obtained from 14 different firms located around the world.
One of the first women to be prosecuted for Nazi-era crimes in decades has been captured after trying to flee before her trial in northern Germany, authorities confirmed late Thursday.
The UK Court of Appeal has ruled that an evangelical foster agency that receives tax-payer funding is allowed to only place children with carers who identify as Christian, but it cannot insist that those carers be heterosexual, the Christian Post (CP) reports. Cornerstone (North East) Adoption and Fostering Service, also known as CornerstoneUK, said it will appeal Friday’s ruling to the UK’s Supreme Court.
President Joe Biden’s massive spending bill will lead to 5.3 million job losses and $3.7 trillion in additional debt over the next 10 years, according to study published Monday by the Texas Public Policy Foundation titled, “Reversing the Recovery: Pelosi’s Plan to Raise Taxes, Kill Jobs, and Punish the Middle Class.”
In a postwar political turnaround, Germany’s center-left Social Democrats (SPD) were moving towards election victory, as projected results appeared bleak for the party of outgoing Chancellor Angela Merkel.
Former U.S. Vice President Mike Pence is “hopeful” that the new conservative majority of the U.S. Supreme Court will soon end abortion rights and “restore the sanctity of life.”
Congressional Democrats and the White House have reached an agreement on a “framework” to pay for a massive social welfare spending package, party leaders said Thursday.