Automotive

New electric vehicle tax credits raise talk of trade war

A new tax credit for U.S. buyers of qualifying electric vehicles made in North America has ignited the specter of a trade war as a domestic imperative of the Biden administration and Democrats collides with the complex realities ...

Electronics & Semiconductors

Bill to boost semiconductor industry passes key Senate test

The Senate on Tuesday advanced a $280 billion bill designed to boost the semiconductor industry in the United States and to accelerate high tech research that backers say will be critical to the economy in future decades.

Business

Apple slams EU as epic court battle over tax bill begins

Apple went on the offensive against Brussels in an EU court on Tuesday, fighting the European Commission's landmark order that the iPhone-maker reimburse Ireland 13 billion euros ($14 billion) in back taxes.

Business

US, France reach agreement on digital taxes

French President Emmanuel Macron said Monday G7 members had reached an agreement on the taxation of tech giants, a long-standing subject of friction between France and the US which has threatened to retaliate with tariffs ...

Business

US opposes Canada's digital services tax proposal

The United States on Tuesday announced its opposition to Canada's proposed tax on the largest tech firms, warning it "would examine all options" should Ottawa go ahead with the levy.

Business

Yellen says 'confident' US will implement global minimum tax

US Treasury Secretary Janet Yellen said Sunday she was "confident" Congress would pass legislation to implement a global tax agreement in the United States enacting a minimum international tax on big corporations.

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