Corporate taxes

The Internal Revenue Service may be changing Schedule UTP, the Uncertain Tax Position Statement, which corporate taxpayers file with their Form 1120 tax returns, because it doesn’t contain enough information to be useful in compliance efforts, according to a new report.

Goldman Sachs Group Inc, Amundi SA and BlackRock Inc. were chosen to manage about 13 billion euros ($16 billion) in back taxes that Apple Inc. will pay to Ireland, bringing recovery of the cash a step closer.

Typically, taxpayers contract this affliction after the agency's examiners have packed up their belongings and left the building.

The European Union published proposals Wednesday for a 3 percent Digital Turnover Tax on the European B2B revenues of digital giants such as Google, Apple, Facebook, Amazon (termed GAFA in Europe), Uber and Airbnb.

Large digital companies operating in the European Union could face a tax on their gross revenue based on users’ locations.

A new academic study suggests that the provisions in the Tax Cuts and Jobs Act encouraging companies to repatriate their foreign earnings back to the U.S. at a reduced tax rate could lead to more spending on research and development.

The Treasury Department issued a strongly worded statement in response to a report from the Organization for Economic Cooperation and Development.

The U.S. Chamber of Commerce is asking the Internal Revenue Service for more guidance on the Tax Cuts and Jobs Act, asking for language specifying how qualified business income and limitations on business interest should be defined, among other matters.

The IRS is allowing many companies extra time to file the income tax returns.

The Internal Revenue Service provided additional information Tuesday to help corporate taxpayers deal with the new section 965 transition tax for repatriating foreign profits under the tax law that Congress passed in December.

Taxes, cybersecurity, global trade and tariffs, and executive misconduct in the midst of the #MeToo movement are just some of the topics likely to come up at this year’s stockholder events, according to BDO USA.

A lawmaker wants to recapture some of the money the state may be losing from the new tax law's limits on the SALT deduction for individual taxpayers.

Diversity and inclusion efforts lag in some quarters, according to a new survey.

Changes in the rules for like-kind exchanges may cause owners to reconsider swapping athletes.

The Tax Cuts and Jobs Act removed a number of provisions that benefited companies.

States may receive a major boost in their corporate tax revenues as a result of the Tax Cuts and Jobs Act, according to a new report.

Bank of New York Mellon Corp. won a contract to be custodian for as much as 13 billion euros ($16 billion) in back taxes that Apple Inc. will pay to Ireland, according to a person familiar with the matter.

Flush with cash from President Donald Trump’s tax overhaul and bathing in more earnings than they know what to do with, U.S. companies are embarking on a buyback binge of historic dimension.

Major corporations have authorized $200 billion in stock purchases in the two months since the passage of the new tax law while more than 55,000 American workers have been laid off, according to Senate Democrats.

Sen. Sheldon Whitehouse and Rep. Lloyd Doggett have proposed legislation in the House and Senate to ensure multinational companies pay the same tax rate on profits earned abroad as they do in the U.S., to counter some of the effects they claim from the Tax Cuts and Jobs Act that Republicans passed last December.