WASHINGTON — Leaders of the Group of 20 nations are set to sign off on the most sweeping overhaul of the international tax system in a century when they gather in Rome this weekend, ushering in a 15 percent global minimum tax and changes to how governments can impose leviesContinue Reading
Mr. Grinberg, a tax law professor at Georgetown University who worked in the Treasury Department during the Bush and Obama administrations, was initially viewed with skepticism by some progressives, who noted that in 2016 and 2017, he lamented America’s “singularly high corporate tax rate” during congressional hearings and called forContinue Reading
People with knowledge of the negotiations said that while the 15 percent rate was essentially a done deal, some of the world’s biggest countries continued to battle for exemptions to dampen its impact on longstanding economic models that have helped draw investment and create jobs. “I’m fully determined to paveContinue Reading
The headlines thundered: Jordan’s king amassed $100 million in concealed property including homes in Malibu, London and Washington. An alleged mistress of Russia’s leader managed to covertly buy a luxury residence in Monaco. The Czech Republic’s president, an anticorruption crusader, secretly acquired a French Riviera estate. Revelations from the PandoraContinue Reading
GAZA CITY — King Abdullah II of Jordan came under heightened scrutiny on Sunday after an alliance of international news organizations reported that he was among several world leaders to use secret offshore accounts to amass overseas properties and hide their wealth. The king was accused of using shell companiesContinue Reading
WASHINGTON — In June, months after reluctantly signing on to a global tax agreement brokered by the United States, Ireland’s finance minister met privately with Treasury Secretary Janet L. Yellen, seeking reassurances that the Biden administration would hold up its end of the deal. Ms. Yellen assured the minister, PaschalContinue Reading
Poland’s stance was sharply criticized by European officials, particularly France, whose finance minister, Bruno Le Maire, suggested that Warsaw was instead holding up a final accord in retaliation for a Europe-wide political dispute. Poland has threatened to veto measures requiring unanimous E.U. votes because of an earlier decision by BrusselsContinue Reading
The first time the United States government slapped his family with sanctions and locked him out of the American financial system, Arkady Rotenberg waited about eight weeks, investigators say, before buying a $7.5 million painting in New York City. That was in 2014, after Russia annexed Crimea, and since thenContinue Reading