The IRS is pursuing major changes to expected corporate spinoff proposed rules, an official said, in light of two recently announced major transactions.

Rep. Greg Murphy (R-N.C.) is joining the House Ways and Means Committee, filling the spot opened when former Rep. Devin Nunes left Congress in December.

Pandemic-weary restaurants, hotels, and tour operators are launching a new push for federal grants and targeted tax stimulus.

Thanks to a gusher of federal pandemic aid, a booming Wall Street and a tax increase on millionaires, New York is projecting balanced budgets for the next five years, the first time ever that the Empire State has published a financial plan without a deficit.

Read more: Sherrod Brown expects Fed nominees hearing next month. N.Y. Gov. Hochul proposes property tax rebate. A group of millionaires say governments should tax the rich.

Skyrocketing energy prices for households and companies are prompting European governments to do something that not all agree is a good idea: Cut value-added taxes on gas and electricity bills to soften the blow.