Tax practice

Nearly three-quarters of Fortune 500 companies booked their profits to tax havens last year, with just 30 companies accounting for 62 percent of earnings stashed offshore, according to a new report.

One-quarter of corporate tax and transfer pricing directors believe their companies will fail to meet the first deadline proposed by the Organization for Economic Cooperation and Development in its Base Erosion and Profit Shifting Action Plan, according to a new survey.

Former UBS AG executive Hansruedi Schumacher, who pleaded guilty to helping Americans dodge taxes and testified at trial against his former boss, was sentenced to five years of probation by a judge who granted him leniency.

Following “concerns from the tax professional community,” the IRS has modified its Columbus Day service outage to minimize the impact of this maintenance period.

Check out the digital edition of the October 2015 issue of Accounting Today.

The OECD unveiled its blueprint Monday for cracking down on international tax avoidance, an opening salvo in what promises to be a prolonged battle.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

A roundup of our favorite recent tax fraud cases.

The Internal Revenue Service said Friday it has met a key milestone relating to the Foreign Account Tax Compliance Act, or FATCA, having begun exchanging tax information with certain foreign governments in time to meet a Sept. 30, 2015 deadline.

The Senate Finance Committee held a hearing on improper payments, including what role is played by tax preparers in claiming the Earned Income Tax Credit on behalf of clients.

The Internal Revenue Service has released a set of priorities for its Tax Exempt and Government Entities Division as it tries to turn the page on a scandal involving applications for tax-exempt status by conservative political groups.

Nobody likes making a bad investment, or starting a business that loses money, but it happens.

Four key steps to expanding your client offerings

Accounting Today editor-in-chief Dan Hood is haunted by some scary Halloween spirits while previewing the October issue.

The Internal Revenue Service is having trouble keeping track of correspondence with international taxpayers, according to a new report.

Highlights of some of our favorite tax-related blogs from the past week.

All sorts of passions arise in this tricky area

Puerto Rico officials are looking to replace an expiring tax with a new levy to draw much-needed revenue from the world’s best-selling medications while seeking to avoid driving U.S. manufacturers from the commonwealth.

Billionaire investor Carl Icahn wants to help the Internal Revenue Service boost the U.S. Treasury’s coffers, fast.

The Internal Revenue Service improperly withheld information from people requesting it under the Freedom of Information Act, according to a new government report.