Latest Corporate profits News

US proposes tax of at least 15% on global corporate profits

May. 21, 2021 11:22 AM EDT

WASHINGTON (AP) — The U.S. Treasury Department supports a global minimum corporate tax rate of at least 15% — below the 21% minimum it has been seeking to impose on the foreign profits of U.S.-based companies. The offer comes as the Organization for Economic...

US proposes 15% minimum tax on global corporate profits

May. 20, 2021 19:27 PM EDT

WASHINGTON (AP) — The U.S. Treasury Department said Thursday that it supports a global minimum corporate tax rate of at least 15% — below the 21% minimum it has been seeking to impose on the foreign profits of U.S.-based companies. The offer comes as the Organization...

Biden's corporate tax plan takes aim at income inequality

Apr. 30, 2021 11:18 AM EDT

WASHINGTON (AP) — From John Kennedy to Ronald Reagan to Donald Trump, American presidents have taken aim at corporate America's tax-avoidance schemes before — and mostly missed. Now, President Joe Biden is training the government’s sights again on the loopholes,...

Asian shares mixed as vaccine wait tempers Wall St optimism

Apr. 15, 2021 22:09 PM EDT

TOKYO (AP) — Asian shares were mixed Friday as jubilance over positive U.S. economic data and a Wall Street record high were tempered by caution in the region, where the coronavirus vaccine rollout has lagged. Japan's benchmark Nikkei 225 gained 0.1% to 29,674.31 in...

How major US stock indexes fared Thursday

Apr. 15, 2021 16:32 PM EDT

Stocks rallied to more record highs on Wall Street as a suite of stellar data suggested the recovery for the economy and corporate profits is accelerating. The S&P 500 rose 1.1% Thursday and the Dow Jones Industrial Average added 0.9%, both reaching all-time highs....

Even with pretax profits, many big companies pay zero US tax

Apr. 02, 2021 17:54 PM EDT

NEW YORK (AP) — Just as President Joe Biden is pushing to raise taxes on companies to help pay for his infrastructure plan, a report from a Washington policy group is highlighting how many firms pay zero despite making big pretax profits. More than 50 of the largest...