Tax research

A new report from the advocacy group Citizens for Tax Justice finds that 301 Fortune 500 companies hold a combined $2 trillion offshore, collectively avoiding $550 billion in U.S. corporate income taxes, while a contrasting report from the Tax Foundation found that U.S. multinational corporations reported paying more than $128 billion in corporate taxes to foreign countries on $470 billion of taxable income in 2010—an effective rate of 27.2 percent before also paying U.S. taxes.

The economic benefits of the income exclusion for U.S. citizens working abroad are uncertain, according to a new government report.

Thomson Reuters has released a tax act overview and monthly client marketing newsletter focused on the Affordable Care Act that tax, accounting and employee benefits firms can provide to clients, prospects and other contacts.

Ninety percent of tax and finance executives of companies headquartered in the United States anticipate already heightened tax risks to accelerate in the next two years, compared to executives with 81 percent of companies globally who anticipate increased risk, according to a new survey by Ernst & Young.

Thomson Reuters has formed a strategic relationship with Avention to give users of its ONESOURCE Transfer Pricing software access to Avention’s industry report module.

The House Ways and Means Committee may have broken the law when it publicly disclosed confidential taxpayer information in a letter to Attorney General Eric Holder.

Nearly two-thirds of corporate tax leaders are skeptical about the two-year timeline set by the Organization for Economic Cooperation and Development for curbing multinational tax avoidance, according to a new survey by KPMG.

Eighty-one percent of U.S. CEOs believe the current international tax system needs to be reformed, according to a new survey by PricewaterhouseCoopers,

Thomson Reuters has launched a bimonthly newsletter for tax and accounting professionals.

CCH has published a new tax briefing examining recent federal tax developments and strategies for this past tax season, and how they may affect taxpayers in future tax seasons.

For both consumers and corporations, the lower the income, the higher the rate of tax penalties, according to new research.

State tax policies need to be updated to better address new business models such as cloud computing, as well as a change that began long ago—the nation’s shift toward a service-based economy, according to the just-published Bloomberg BNA’s 14th annual Survey of State Tax Departments.

The Tax & Accounting business of Thomson Reuters has released an integrated Federal Depreciation Handbook and Calculator for CPA firms and corporate tax professionals.

The accounting and advisory firm Baker Tilly Virchow Krause has introduced an interactive online mapping tool that helps users determine if a business or development project may qualify under various criteria for the New Markets Tax Credit or Low-Income Housing Tax Credit program.

U.S. taxpayers would need to pay an average of $1,259 more a year to make up the federal and state taxes lost to corporations and individuals sheltering money in overseas tax havens, according to a report.

As the political fight over raising taxes for high-income Americans fades away, so are predictions for negative economic fallout.

A new Web site provides a state-by-state guide to tax laws and regulations for LGBT couples.

Thomson Reuters has published a special report on the 3.8 percent net investment income tax that was included as part of the Affordable Care Act, which tax preparers will be calculating for the first time on their clients’ 2013 returns.

The Marketplace Fairness Act, which was supposed to finally settle the question of how states can tax online sales, appears to have stalled in Congress after passing the Senate last year.

Tax returns filed this season by tax professionals are down 1.3 percent so far compared to last year, while self-prepared returns are up 5.9 percent, according to the latest IRS statistics.