Elon Musk’s SpaceX Most Likely Doesn’t Pay Taxes

Elon Musk’s rocket company relies on federal contracts, but years of losses have most likely let it avoid paying federal income taxes, according to internal company documents.

News
Trump’s Tariffs Set to Hit Ireland, Where Drugmakers Play Tax Games

Manufacturing in Ireland has long helped many American drug companies pay lower taxes. But that strategy was designed for a world without President Trump’s tariffs.

News
Candidate Trump Promised Oil Executives a Windfall. Now, They’re Getting It.

New tallies of the administration’s tax breaks and other incentives add up to tens of billions of dollars of benefits to the fossil fuel industry.

News
How Republicans Supersized Silicon Valley’s Favorite Tax Break

Tucked into the huge set of tax cuts that Republicans passed into law this month was the expansion of an unusually valuable tax break for start-up investors.

News
He Helped Big Companies Dodge Taxes. Now He’s Writing the Rules.

Ken Kies, a longtime tax lobbyist who worked for some of the world’s largest businesses, is now running the Treasury Department’s office that will administer Trump’s tax law.

News
Canada’s Digital Tax U-turn Highlights Trump and Carney’s Tariff Negotiation Tactics

After President Trump suspended trade talks with Canada over its controversial digital services tax, Ottawa scrapped it to get back to the negotiating table.

News
G7 Backs Plan for ‘Side-by-Side’ Tax System to Avoid U.S. Fight

American companies will be exempt from penalties related to a 2021 global minimum tax deal that President Trump opposes.

News
What Business Is Watching in Negotiations Over Big Policy Bill

Senate Republicans are debating changes to the legislation, after a key official rejected some proposals. Time is ticking for hitting President Trump’s deadline.

News
Trump Administration Tells Congress to Kill ‘Revenge Tax’ From Policy Bill

Treasury Secretary Scott Bessent said the Group of 7 agreed that penalties related to a 2021 “global minimum tax” deal will not apply to American companies.

News
Business Lobbyists Scramble to Kill $100 Billion ‘Revenge Tax’

Critics contend that the measure will scare off the foreign investment that President Trump wants to attract.

News