corporate taxes

The U.S. is the most lucrative market for drugmakers, but they often pay more in taxes overseas.

Health & Safety

Drugmakers' low U.S. taxes belie their high sales

3:42pm April 15, 2024

by Sydney Lupkin

Most of the largest pharmaceutical companies report losing money in the United States, despite the majority of their sales coming from Americans. The result is lower U.S. taxes for the companies.

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Treasury Secretary Janet Yellen speaks to the press during the COP26 U.N. Climate Summit in Glasgow, Scotland, on Wednesday. In an interview with NPR's Morning Edition, Yellen said she expects inflation will moderate by next year. She also called on the p

Treasury Secretary Janet Yellen says she's confident inflation will ease next year

11:36am November 03, 2021

Treasury Secretary Janet Yellen says she expects inflation pressures to ease in the latter half of next year. Yellen spoke to NPR from Scotland, where she's attending climate meetings.

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A view of Amazon's headquarters in Luxembourg. The online retail giant on Tuesday prevailed at the European Union's second-highest court in a major tax case.

World News

Amazon Wins Case Against EU Regulators Over Luxembourg Taxes

10:27am May 12, 2021

by Scott Neuman

The European Commission has said the online giant got a sweetheart deal from Luxembourg that amounted to "illegal state aid" worth $303 million.

U.S. Secretary of Transportation Pete Buttigieg speaks to Amtrak employees Feb. 5 during a visit at Union Station in Washington, D.C. In a Thursday interview with NPR's Morning Edition, he said not making infrastructure investment would be a "threat to Am

Buttigieg Says $2 Trillion Infrastructure Plan Is A 'Common Sense Investment'

4:47pm April 01, 2021

by Noel King

In an interview with NPR's Morning Edition, Transportation Secretary Pete Buttigieg said the plan is "fully paid for" and that not making the investment is a "threat to American competitiveness."

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People enter an Apple Store at in Glendale, Calif., on June 23.The second-highest court in the European Union says Ireland's tax break for Apple did not represent an unfair advantage.

World News

Apple Does Not Owe Ireland Nearly $15 Billion In Back Taxes, Court Rules

1:37pm July 15, 2020

by Bobby Allyn

In a major victory for the tech giant, the European Union's second-highest court said the tax break received by Apple did not represent an unfair advantage.

For craft breweries, the Senate's tax code overhaul could be very good for business. The plan includes a provision that would save alcohol producers $4.2 billion from 2018 to 2019.

Tax Bill Would Give Small Brewers A Big Break

4:16pm December 01, 2017

by Emily Sullivan

A cut in the Senate's version of the tax bill would save alcohol producers $4.2 billion. But it probably won't lower the cost of beer, says one brewer who wants to use the money to expand.

In 2012, Republican Gov. Sam Brownback of Kansas pushed reforms through the Legislature that included across-the-board income tax reductions. But rather than boosting the economy, the cuts caused revenues to plummet. Lawmakers now seek to close a $900 mil

As Trump Proposes Tax Cuts, Kansas Deals With Aftermath Of Experiment

5:28pm October 25, 2017

by Samantha Raphelson

In 2012, the Kansas government passed massive tax cuts, which Republican Gov. Sam Brownback promised would deliver "a shot of adrenaline" to the economy. But the experiment did the exact opposite.

Treasury Secretary Steven Mnuchin briefs reporters on President Trump's tax plan at the White House on April 26.

Trump's Tax Plan Renews Anxieties About Deficits And The Debt

3:38pm May 15, 2017

by John Ydstie

One hurdle for President Trump's proposed tax cuts is the threat that they'll produce large budget deficits and balloon the U.S. debt. Prominent Republicans are already expressing great concern.

A statue of former Treasury Secretary Albert Gallatin stands guard outside the Treasury Building in Washington. Trump's campaign plans for a total overhaul of the U.S. tax code — while maintaining the revenues flowing into the federal government — may

Some Tax-Cut Backers Urge Trump To Drop Full Overhaul, Go For Quick Win

10:07am April 20, 2017

by John Ydstie

Nearly 100 days into Trump's presidency, there are still big questions about what his proposed tax overhaul will include — and whether the large changes he had envisioned are even possible.

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President Trump, during his campaign, and House Speaker Paul Ryan have proposed reducing the number of tax brackets and lowering corporate tax rates.

What We Know About The Trump, House GOP Tax Plans So Far

5:01am February 28, 2017

by John Ydstie

Sweeping tax cuts, for businesses and individuals, will be at or near the top of the list for both the White House and the Republican-controlled Congress. A tax on imports may also be on the table.