Corporate taxes

Business Roundtable Chief Executive Officer Joshua Bolten on Wednesday flagged concerns that reviving the deduction for R&D will fall off of Congress's agenda later this year, despite it having bipartisan support.

Kreston Global introduced a Global Transfer Pricing Group, led by David Whitmer, who leads the National Transfer Pricing Practice at Kreston's U.S. member firm CBIZ.

The introduction of a minimum tax will affect a type of divestiture that up to now has gone untaxed.

The company said it reached the settlement for the tax years of 2007 through 2016 without any penalties, but did not disclose how much it actually paid to the government.

A group of European Union countries is considering new ways of implementing a global deal for a 15% minimum tax on large multinationals in 2023 as Hungary continues to veto a joint solution for the bloc.

To bring in new tax talent, nearly half of C-suite leaders polled are changing the educational requirements for recruits this year.

The shift to a sustainability model is ushering in a new age of tax reporting.

There are several key strategic considerations for the in-house practitioner to put their company in a strong position to resolve a tax dispute.

The provisions are likely to change the tax planning used by the largest companies and their accounting firms.

Lesser known provisions may lead to a kind of tax on carbon dioxide and methane emissions for the first time in the U.S.

With the House expected to take up the bill soon, here are its important details.

Former Treasury Secretary Lawrence Summers criticized the stripping of a global corporate minimum tax from the recent tax-and-climate change bill.

What are the possible advantages and what should business owners think about?

About $222.2 billion of the increase on businesses will come from a new corporate minimum tax that requires companies with at least $1 billion in profits to pay a minimum of 15%.

After more than a year of stop-and-start negotiations, Democrats agreed to a narrow bill to invest in energy initiatives, curb drug prices and reduce the deficit, paid for by new corporate taxes.

President Joe Biden and Senate Majority Leader Chuck Schumer are the biggest winners now that a huge piece of Democrats' economic agenda is hurtling toward enactment.

The legislation aims to prevent large corporations from exploiting tax breaks to pay little if any tax, and it would allow Medicare to negotiate drug prices for the first time.

The American Institute of CPAs has sent comments to lawmakers in the House and Senate about the tax proposals in the Biden administration's climate, tax and spending bill.

A top Democrat pushing for a new minimum tax on companies invoked fresh data showing more than 100 profitable U.S. corporations paying an average tax rate of just 1.1% as a showcase for the initiative.

The path was nearly cleared for one of the cornerstones of President Joe Biden's domestic agenda after Democrats agreed on a revised version of their tax and climate bill.