Tax research

A new report from a British Parliamentary committee attributes a tax avoidance scheme in Luxembourg to PricewaterhouseCoopers and says other large accounting firms have played a role in similar maneuvers.

As Congress begins to digest President Obama’s proposals for changes in how to tax the foreign earnings of U.S. multinational companies, a brief refresher on business structure might be useful.

2014 tax developments as a guide to 2015

A new study finds that U.S.-based multinational corporations move an average of $12 billion in taxable income back into the country each year without paying taxes, thanks to complex mergers and acquisitions.

The Minnesota Society of Certified Public Accountants recently surveyed its CPA members in public accounting on the most outrageous tax deductions clients tried to take on their tax returns. Their responses included everything from pets and weddings to cars impounded by the police.

No states changed their sales tax rates in the fourth quarter of last year, but a number of cities and counties did, according to a new report.

McGladrey chief economist Joe Brusuelas discusses the outlook for the U.S. economy this year, in an interview with Accounting Today editor-in-chief Dan Hood.

A new report finds that every state tax system, with the exception of the District of Columbia, taxes its poorest residents at significantly higher tax rates than the wealthiest 1 percent of taxpayers.

The Tax and Accounting business of Thomson Reuters has released a list of states whose tax codes make it easiest for people to keep their New Year’s resolutions.

Last year was characterized by fundamental changes across the global tax landscape as governments looked to reform how multinational corporations are taxed, and 2015 promises more of the same.

Thomson Reuters’ Checkpoint research service has released a special report on the recent tax extenders legislation that was approved last month by Congress, along with the new ABLE Accounts that provide a type of tax-advantaged savings program for disabled individuals.

State regulators are now collecting nearly $400 billion in sales tax as compared to 2003 when they collected just over $250 billion.

Companies where women are CFOs are less likely to adopt risky tax strategies than companies managed by male CFOs, according to a new academic study.

Companies planning for a merger or acquisition have various issues to consider as they prepare for the transaction. One of the issues is golden parachutes.

Affordable Care Act-related tax issues await CPAs and those who prepare their own returns this upcoming tax season, according to the National Conference of CPA Practitioners.

Sen. Tom Coburn, R-Okla., has released a report highlighting billions of dollars in tax breaks for “special interests.”

As year-end approaches, it would be worthwhile for practitioners to consider whether corporate clients could benefit from the following “last minute” tax-saving moves, including adjustments to income to preserve favorable estimated tax rules for 2015, deferral of certain advance payments to next year, and fine-tuning bonuses to make the most of the Section 199 domestic production activities deduction.

U.S. states are taking advantage of an expanding economy to cut taxes by the most in 14 years while spending more on education and other programs, according to the National Association of State Budget Officers.

Bloomberg BNA has released the inaugural edition of the Bloomberg BNA 2015 Federal Tax Guide, a quick-reference guide for tax practitioners to help with preparing 2014 individual and business tax returns and 2015 planning.

U.S. companies that have already carried out inversions are likely to cost the government a record $2.2 billion or more in lost tax revenue next year, double the amount in 2014, according to calculations based on companies’ financial results.