Corporate taxes

Notice 2023-64 offers guidance on the 15% levy on large businesses — and waives some penalties.

Corporate tax departments are going through major transformation in response to the challenging legal and regulatory environment, according to a new survey from Deloitte.

So far, crypto hasn't moved the needle for the state's treasury, which is already restricted by the absence of corporate income tax.

The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.

Nearly 500 service employees worked at large firms or big companies either before, during or after they worked at the IRS, according to a new report.

Accounting firms are less important than the partner leading the team in terms of the impact on the business's effective tax rate and the probability it will face an audit.

New Zealand will introduce legislation this week that enables a digital services tax on large multinational companies, though the levy won't be imposed until 2025.

Deloitte Tax chair and CEO Carin Giuliante is watching closely as new rules are taking effect in both the U.S. and internationally while recruiting new talent.

The Italian government backtracked on part of its new tax, saying it would introduce a cap to limit the impact for many lenders.

The organization recently issued important new guidance that has significant implications for U.S. companies doing business abroad.

The service is offering a program to speed up processing of requests for letter rulings from its associate chief counsel, mostly on behalf of corporations.

GOP members of the Ways and Means Committee want to prevent an international tax agreement backed by the Biden administration from taking hold.

Ottawa has pledged to implement a new digital services tax in early 2024, unless a global tax agreement is ratified by OECD countries.

The Biden administration secured an extension of a worldwide freeze on new digital taxes, putting it on a collision course with Canada after Ottawa refused to endorse the deal.

Global corporations are hoping to fend off requirements for reporting on the amount of taxes they pay in each jurisdiction, while regulators are moving forward cautiously with imposing such rules.

A recent study of companies with enterprise resource planning systems found they are correlated with lower tax burdens and more aggressive tax positions.

The Internal Revenue Service provided transitional guidance on the 1% excise tax on corporate share repurchases that was part of last year's Inflation Reduction Act.

Pressure on companies to disclose their tax approach, including how much and where they pay their taxes, isn't going away.

The Top 10 Firm is becoming a professional service corporation instead of a partnership in July, a move that could have a major impact on the finances of its partners and employees.

Two provisions from the Inflation Reduction Act are already having an impact on encouraging this kind of business in the U.S.