U.S. Aims to Curb Investment in China Amid Security Concerns
The Biden administration is preparing new rules that would restrict U.S. dollars from flowing to China.
The Biden administration is preparing new rules that would restrict U.S. dollars from flowing to China.
The new corporate minimum tax is not law yet and is already rife with exceptions for the businesses that might have to pay it.
The latest effort to narrow the preferential tax treatment used by private equity executives failed after Senator Kyrsten Sinema objected.
Changes demanded by Senator Kyrsten Sinema will preserve a tax loophole that Democrats have complained about for years.
Senator Kyrsten Sinema had one main request before she would support a key spending bill: Preserve a tax loophole that mainly benefits people in private equity.
Legislation agreed to by top Democrats falls far short of closing a tax loophole that party leaders have complained about for years but would narrow its preferential treatment.
