Corporate taxes

The final wording of the communique is subject to ongoing debates.

U.S. lawmakers and government officials view the tax as unfair and have threatened to retaliate if Canada moved forward with it.

The IRS agreed to reduce one of its tax claims from about $649 million to $43 million related to resolution of a dispute over SVB's use of a "mark-to-market" accounting method to value certain financial products.

The IRS and Treasury Department released final regulations on how companies and tax pros should report and pay the 1% excise tax on corporate stock repurchases.

The parent of Italian beverages group Davide Campari-Milano NV said it isn't aware of any investigation following reports over alleged tax avoidance.

Sen. Bernie Sanders and Ed Markey are introducing legislation to impose a 95% windfall tax on the excess profits of large corporations that are overcharging for products.

The U.S. Supreme Court upheld a 2017 tax on American-owned businesses' foreign profits, rejecting an appeal that could have saved companies hundreds of billions of dollars.

This year's Greenbook proposals contain some greatest hits, including a higher corporate minimum tax.

Donald Trump promised CEOs he would lower the corporate tax rate to 20%, further reducing the income levy on the largest U.S. companies that he already slashed while president.

Strategic tax leaders worry the election will lead to changes to Inflation Reduction Act renewable energy credits, while tax tacticians worry about changes to federal corporate tax rates.