Mayor Brandon Johnson’s plan to plug a $1.19 billion deficit would raise $100 million a year through a corporate head tax, add a “first-of-its-kind” tax on social media companies and eliminate the ...

Business groups were quick to criticize the proposal, but even some moderate council members say they must consider it amid a ...

When Congress passed the Tax Cuts and Jobs Act in 2017, one of the most important pro-growth provisions was the corporate tax rate reduction. The lower corporate rate led to increased investment, high ...

Business tax breaks cut federal revenues by $77 billion this year, fattening the pockets of rich corporate insiders.

Corporate income taxes for the fiscal year that ended in September are $77 billion lower than in the previous year, a 15 ...

Mr. Carney said the budget will maintain Canada’s “broad brush” approach to personal income taxes and “the balance of the ...