John McCain would cut taxes generally on par with Barack Obama for those making $100,000 to $250,000 a year, independent analyses show.

The I.R.S. is considering a plan to curb a tactic commonly used by multinational corporations with American operations to lower their tax bills.

The I.R.S. is considering a plan to curb a tactic commonly used by multinational corporations with American operations to lower their tax bills.

Senator John McCain’s tax and spending proposals would create larger annual budget deficits than those of Senator Barack Obama, analysts say.

John McCain’s attempts to paint Barack Obama as a quasi socialist can be complicated in this topsy-turvy year of financial collapse.

Barack Obama called for temporary but costly new programs to aid employers, automakers, homeowners, the unemployed, and state and local governments.

Switzerland’s tax authorities, under pressure from a growing U.S. investigation into UBS, are expected to hand over confidential data on wealthy American clients of UBS to the Justice Department.

Businesses may take an immediate write-off of up to $250,000 for equipment purchased in 2008, double the amount allowed in 2007.

The Swiss banking giant was sued on Tuesday by one of its former top private-banking clients, Igor Olenicoff, as a federal investigation into its offshore services unfolds.

A Senate subcommittee pressed the I.R.S. to step up efforts to stop complex offshore arrangements that let foreign citizens avoid taxes on dividends paid by American companies.