WASHINGTON The head of the U.S. Internal Revenue Service refused to apologize on Friday for the loss of emails that Republican investigators want as part of a year-old inquiry into the tax agency's scrutiny of politically conservative groups.
WASHINGTON The U.S. Supreme Court on Thursday ruled unanimously that taxpayers have a right to challenge an Internal Revenue Service summons enforcement action in court when they can show the tax agency might have issued the summons in bad faith.
WASHINGTON The U.S. Senate's chief tax law writer on Tuesday vowed to work on overhauling the federal tax code by August 2015, citing a move by Medtronic Inc to shift its tax home base to Ireland as a spur to congressional action.
WASHINGTON The threat of U.S. tax revenue losses from Medtronic Inc's plan to buy rival Covidien Plc and move its base to Ireland is stoking concerns from lawmakers and the Obama administration about corporate tax "inversion" deals.
WASHINGTON The threat of U.S. tax revenue losses from Medtronic Inc's plan to buy rival Covidien Plc and move its base to Ireland is stoking concerns from lawmakers and the Obama administration about corporate tax "inversion" deals.
WASHINGTON, June 16 The threat of U.S. tax revenue losses from Medtronic Inc's plan to buy rival Covidien Plc and move its base to Ireland is stoking concerns from lawmakers and the Obama administration about corporate tax "inversion" deals.
WASHINGTON A California businessman and prominent figure in horse racing on Friday lost a multimillion-dollar tax-shelter dispute in an appeals court decision favoring the U.S. Internal Revenue Service.
WASHINGTON A California businessman and prominent figure in horse racing on Friday lost a multimillion-dollar tax-shelter dispute in an appeals court decision favoring the U.S. Internal Revenue Service.
WASHINGTON, June 13 A California businessman and prominent figure in horse racing on Friday lost a multimillion-dollar tax-shelter dispute in an appeals court decision favoring the U.S. Internal Revenue Service.
WASHINGTON The defeat of House of Representatives Majority Leader Eric Cantor shifted the political ground under U.S. multinational corporations this week, just as they seemed to be gaining traction in their push for a $95 billion tax break on bringing foreign profits home.
Hong Kong braced on Friday for further demonstrations and a "stress test" of the city's international airport at the weekend, as nearly three months of anti-government protests showed no sign of abating.