Corporate taxes

The Internal Revenue Service and the Treasury Department have issued a notice saying they intend to propose regulations to address the capitalization and amortization of specified research and experimental expenditures.

The Treasury is providing additional guidance on the corporate alternative minimum tax for billion-dollar companies.

The Financial Accounting Standards Board issued an accounting standards update aimed at improving income tax disclosures from companies.

Italy's finance police had claimed that the company owed about €779 million after an audit of the tax years from 2017 to 2021.

The five S&P 100 companies with the lowest overall tax rates paid an average of -18.87% in 2022.

Key justices suggested the tax, which aimed to collect hundreds of billions of dollars on a one-time basis, wasn't fundamentally different from other levies imposed by Congress over the years.

Microsoft's recent embroilment with the IRS highlights the dangers of this tax strategy for multinational companies.

The American Institute of CPAs is rolling out some changes in its tax standards that will take effect in January.

The iPhone maker risks having to pay billions to Ireland after an advisor to the European Union's top court said its victory in an earlier challenge should be thrown out.

Many are considering extra hiring to handle the upcoming mandates, according to KPMG.

The 15% GMT on corporate profits is likely to generate only a fraction of the tax revenue expected, according to a new report.

The service is improving its online tax pro accounts and hiring more accountants as it targets big corporations for audits.

Treasury Secretary Janet Yellen indicated the U.S. will be unable to sign a treaty on global tax rules in time to uphold a deal that prevents other countries from imposing new levies on some of the largest American tech companies.

The dispute centers on a 2012 IRS audit into transfer pricing, a method used to shift profits to tax havens and avoid the U.S. corporate tax rate.

Negotiators presented a legal text that sets out who can levy the profits of the world's biggest corporations in order to prevent a resurgence of trade tensions.

Along with the possible requirement to file paperwork for establishing the corporation in the new state, there may be changes in tax responsibilities.

Nearly half the leaders of corporate tax departments believe they're severely under-resourced when it comes to technology and hiring, according to a recent survey.

The former vice president said his former running mate's proposal for a 10% universal tariff would cost U.S. jobs and worsen inflation for American families.

The top three states had an average change percentage of 215.76% between 2021 and 2022.

The service is asking for comments from business taxpayers and their advisors about ways to improve and expand its programs for resolving tax issues upfront.