Corporate taxes

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.

As bonus depreciation leverages down, cost segregation professionals have to wonder what happens if bonus phases out.

The IRA's 1% levy on stock repurchases likely won't move the needle — or it will move it too far, experts contend.

At some point in a business's lifetime, it may make sense to change its legal business structure.

New research indicates the country's tax receipts are even more concentrated than previously thought.

GOP legislation in the House aims to prevent the U.S. from participating in the multinational tax changes the Biden administration helped negotiate with the OECD.

The European Commission is in court to contest a painful setback at a lower tribunal in 2020 over its record bill for the iPhone maker.

Financial and accounting teams are inundated by new data streams that accompany hybrid work on a global scale.

The Finance Committee found that the TCJA enabled some of the biggest to lower their tax bills by shifting profits abroad.

Many believe it's time to move away from the one-size-fits-all approach of the past toward treatments tailored to an individual's genes, environment and lifestyle.

Companies can leverage low-code/no-code solutions to operate more effectively and upskill their tax professionals.