Tax strategies

Updating global tax rules could boost government revenue by as much as $100 billion, the Organization for Economic Cooperation and Development said Thursday in an effort to spur complex negotiations between world powers.

Michael Bloomberg said Saturday he would raise taxes on the wealthy, increase the corporate tax rate, and curb tax-free inheritances of large estates, elements of a tax plan that he says would raise $5 trillion over a decade.

About 135 of the world's countries are negotiating a radical change to the rules about where and how much multinational companies pay in taxes.

The former Treasury Secretary proposed a suite of steps the U.S. government can take to raise trillions of dollars more in revenue from the rich without adopting a wealth tax.

Apple Inc. reduced a massive back tax bill it must pay Ireland after other governments claimed a slice of the payment last year, according to regulatory filings.

One way the rich get richer is through inheritance, and they’re barely paying taxes on it.

The billionaire and Democratic presidential contender would pay $17.9 million more in annual taxes under a plan Democrats are considering should they sweep Congress and the White House in the 2020 election.

As an accounting professional, you know there are potential tax-related upsides and downsides for every type of business entity.

Democratic presidential candidates Joe Biden and Bernie Sanders have overestimated the amount of revenue their tax proposals would generate by hundreds of billions, or even trillions, of dollars, according to a new study.

They call themselves the Patriotic Millionaires, and they say with straight faces it’s time the ultra-affluent kick in more to Uncle Sam.

The White House continues to work on a tax-cut plan in hope that Republican lawmakers will be in control of Congress after the 2020 elections, President Donald Trump’s top economic aide Larry Kudlow said.

For the owner of a multimillion-dollar company, selling by the end of 2020 could result in a much smaller tax bill than striking a deal in 2021 under new rules.

Consumers in 2019 were more likely to say plans to hike taxes on the wealthy would harm economic growth than they were in prior years, despite it being a key campaign pledge for nearly every Democratic presidential candidate, according to a new University of Michigan survey.

The controversy keeps mounting over a new tax break for investing in poor U.S. communities. But investors keep piling in.

The Internal Revenue Service debuted a new Gig Economy Tax Center on its IRS.gov website to help taxpayers who work with companies like Uber and Airbnb meet their tax obligations.

The Avantax Wealth Management parent views HK Financial as another way of working with CPAs and tax professionals branching into the field.

As tax authorities around the world crack down on corporate tax avoidance strategies, demand for transfer pricing advice is fueling growth in advisory services.

The world’s second-richest person said he wants his fellow billionaires to pay much higher taxes.

Home values in areas designated as “opportunity zones” appear to have been affected so little it’s “statistically indistinct from zero,” according to new research.

Teach clients to avoid the end-of-the-year rush to make the most of their donations.