Fulfilling a longstanding vow, the first bill passed in the Republican-controlled House in the 118th Congress aims to rescind most of the $80 billion...

The new Republican leaders in the House have long vowed that their first legislative vote — expected later tonight — will be on a bill that would...

The 27 member states of the European Union plan to start collecting a 15% minimum tax on the profits of large corporations starting in 2024. Poland...

President Joe Biden on Thursday announced that he will nominate Daniel Werfel, who served in the administrations of Presidents George W. Bush and...

President Joe Biden on Monday stepped up his pressure on major oil companies, accusing them of racking up record earnings by profiteering off the war...

Treasury Secretary Janet Yellen on Friday announced that Douglas O’Donnell will serve as acting head of the tax agency after Commissioner Chuck Rettig...

The federal tax gap —the difference between taxes owed and those collected — rose to $496 billion a year from 2014 through 2016, according to a report...

Take a guess: What issue has featured most prominently in political campaign ads in congressional races since Labor Day? No, it’s not abortion or...

British Prime Minister Liz Truss announced Thursday she would resign after just 45 days in office, the shortest tenure of any prime minister in U.K...

With inflation hitting levels not seen in four decades, the IRS’s annual adjustment of tax brackets and standard deductions is larger this year...