More than 130 countries have agreed on sweeping changes to how big global companies are taxed, including a 15% minimum corporate rate designed to deter multinationals from stashing profits in low-tax countries.

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The U.S. Treasury Department said Thursday that it supports a global minimum corporate tax rate of at least 15% — below the 21% minimum it has been seeking to impose on the foreign profits of U.S.-based companies.

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The federal government ran the second-highest monthly surplus on record this April as tax revenues were pushed higher by a change in the deadline for corporate tax payments. In its monthly budget report, the Treasury Department said Wednesday that the ...

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The Maryland Senate will consider more than a half-dozen proposals stemming from the last year of work by the Maryland Commission on Economic Development and Business Climate.

Tagged with: 2016 Maryland General Assembly Augustine Commission corporate taxes income taxes Larry Hogan maryland senate Norman Augustine Thomas V. Mike Miller Jr.

Billionaire New York investor Carl Icahn said Wednesday he is creating a $150 million super PAC focused on revising corporate tax law. Icahn will use his super PAC to press Congress to pass legislation that stops U.S. companies from moving ...

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Walgreen says it will no longer pursue an overseas reorganization that would have trimmed the amount of U.S. taxes it pays.

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Corporations operating in Maryland and the United States are not paying their fair share in taxes, according to a report released Tuesday by the Maryland Public Interest Research Group.

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As many as three dozen unnamed corporations doing business in Maryland could pay less in corporate tax filing fees but more in overall taxes under a bill proposed by Sen. Paul Pinsky.

Tagged with: corporate taxes Prince George's County Sen. Paul G. Pinsky

Two proposals that consistently rankle business interests big and small in Annapolis resurfaced Wednesday for their annual appearance in the State House. They are, of course, the millionaire’s tax and combined reporting. (S.B. 249 and S.B. 269, respectively, if you’re ...

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NEW YORK — The Dow Jones industrial average broke through 12,000 for the first time in two and half years Wednesday but edged lower in afternoon trading. Investors were encouraged by President Barack Obama’s call to overhaul taxes on businesses and ...

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