In Texas, one of the few states without an income tax, more than half the government’s revenue comes from its cut of what residents spend in stores, restaurants and bars.

Senate Minority Leader Chuck Schumer (D-N.Y.) and Sen. Ron Wyden (D-Ore.) Wednesday rolled out legislation that would extend the “supercharged” federal subsidy to unemployment insurance.

Bloomberg Tax recently chatted with Sharon Heck, chief tax officer and treasurer at Intel Corp., about how the giant multinational chipmaker’s tax team is adjusting to the coronavirus pandemic.

The Internal Revenue Service has $1.5 billion in unclaimed refunds for people who never filed a tax return for 2016 -- and they have only two weeks to claim the money.

The House passed a $1.5 trillion infrastructure bill on Wednesday, setting up a fight with Senate Republicans over environmental reviews, mass transit funding, and how to pay for roads and bridges.

Failure to find a global deal on digital taxation could trigger a trade war, Jose Angel Gurria, secretary general of the Organization for Economic Cooperation and Development, warned Wednesday.

Read more: Treasury Secretary Steven Mnuchin says he’s committed to another relief package. Treasury is working on opportunity zone rules for foreign investors. OECD tax chief Pascal Saint-Amans says global digital tax talks hinge on U.S. presidential elections.

The Senate has passed an extension of the popular Paycheck Protection Program for small businesses, which was set to close down Tuesday night with more than $130 billion in funding left over.