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.

Automotive

Toyota joins opposition to proposed US EV tax credit

Toyota urged Washington on Tuesday not to "play politics" with environmental issues by offering tax credits for US-made electric vehicles, joining a chorus of foreign opposition to the issue.

Business

Amazon wins EU court appeal in Luxembourg tax case

Amazon scored a major legal victory on Wednesday when an EU court annulled an order from the bloc's powerful antitrust authority that Luxembourg recoup 250 million euros ($295 million) in back taxes.

Energy & Green Tech

EU crafts response to US green tech subsidies

The EU will present long-awaited proposals on Wednesday to counter sweeping US subsidies on green tech that threaten Europe's industry, already struggling with soaring energy prices and unfair competition from China.

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