Bloomberg News

Under a proposed ballot initiative in California, billionaires would face a one-time 5% levy to cover funding shortages for health care, food assistance and education.

Rhode Island Governor Dan McKee is warming to the idea of a tax on the wealthy as one way to bolster the state's resources after a particularly turbulent year for its economy.

After a year of rolling policy shocks, the U.S. economy is set to get a lift from President Trump's tax-cuts package to keep the expansion on track in 2026.

The U.S. and more than 100 other countries finalized an agreement that would exempt American companies from some foreign taxes.

Strategy adopted an accounting change that requires valuing the firm's crypto holdings at market prices, which is why it's expected to book such a big hit.

The tax deduction applies to new cars assembled in the U.S. purchased from 2025 through the end of 2028.

Unlike equity investors, who must plan around the 31-day exclusion window, cryptocurrency holders can sell and repurchase in the same session.

Democrats across the U.S. are increasingly exploring taxes as a way to capture the populist moment and address the country's widening wealth gap.

The venerable U.K. retailer also cut its annual dividend after an accounting error in its North American business triggered a stock slump.

The U.S. arm of the professional services firm that succeeded the shuttered accounting giant Arthur Andersen rallied 47% in its trading debut.

Ameryn Seibold was tasked with manipulating the Excel data that the subprime auto lender regularly sent to its financiers.

At the IPO price, Andersen would have a market value of around $1.7 billion based on the outstanding shares listed in its filings.

The Trump administration singled out prominent companies, including Accenture, Siemens and Spotify, as possible targets for new restrictions or fees.

Wealthy taxpayers in high-tax states like California, New York and New Jersey are the biggest winners, as are workers who collect tips or overtime, and seniors.

Republicans already hit hospital finances in their massive tax and spending package this summer that included cuts to Medicaid.

Brazilian President Luiz Inacio Lula da Silva wants his U.S. counterpart to arrest the Florida resident accused of being the South American country's biggest tax debtor.

Andersen Group, the U.S. arm of the firm that succeeded the shuttered accounting giant Arthur Andersen, is seeking an initial public offering.

Lengthy utility permitting times could imperil customers' tax credits if their systems aren't in place by Dec. 31.

As part of a tie-up with Thrive Holdings, OpenAI will work with Thrive to speed up business adoption of AI, starting with accounting and IT services.

Republicans are divided on whether to extend premium tax credits, loathed by the GOP's right flank because of the costs and lingering opposition to former President Obama's legislative achievement.