Justin Trudeau’s government released a budget that promises big spending on new social programs and a return to small deficits by 2025, setting the stage for a possible election in Canada this year.

A nearly $3.2 million penalty for willfully failing to report an offshore bank account isn’t subject to the Eighth Amendment’s restriction on excessive fines, the U.S. Court of Federal Claims ruled in a win for the government.

Secretary of the Treasury Janet Yellen conveyed her intention to work on tackling priority issues both the U.S. and New Zealand face, according to a statement from the U.S. Treasury Dept. summarizing a call with Grant Robertson.

Canadian Prime Minister Justin Trudeau wants to launch a new luxury tax, impose a digital tax on large businesses, and cut taxes for firms reducing greenhouse gas emissions under his budget plan released Monday.

Justin Trudeau’s government is proposing a raft of funding for Canadian companies -- including money for infrastructure and tax incentives for carbon-capture technology -- aimed at emerging from the global pandemic with a stronger economy than before.

The budget unveiled by Canadian Prime Minister Justin Trudeau’s government on Monday includes a tax provision that could affect enterprises that rely heavily on debt financing, including private-equity firms and natural-resource companies.

Justin Trudeau’s government is taking steps to address Canada’s surging housing costs by promising to increase supply and target foreign owners.

Foxconn Technology Group struck a deal with Wisconsin for a slimmer package of tax benefits for a manufacturing facility on Monday. It conceded its plans were less ambitious than the “eighth wonder of the world” once touted by former president Donald Trump.