Corporate taxes

A provision in the Tax Cuts and Jobs Act that was supposed to raise hundreds of billions of dollars in taxes on deferred earnings from multinationals is only bringing in about one-third of the projected revenue.

Business Roundtable Chief Executive Officer Joshua Bolten on Wednesday flagged concerns that reviving the deduction for R&D will fall off of Congress's agenda later this year, despite it having bipartisan support.

Kreston Global introduced a Global Transfer Pricing Group, led by David Whitmer, who leads the National Transfer Pricing Practice at Kreston's U.S. member firm CBIZ.

The introduction of a minimum tax will affect a type of divestiture that up to now has gone untaxed.

The company said it reached the settlement for the tax years of 2007 through 2016 without any penalties, but did not disclose how much it actually paid to the government.

A group of European Union countries is considering new ways of implementing a global deal for a 15% minimum tax on large multinationals in 2023 as Hungary continues to veto a joint solution for the bloc.

To bring in new tax talent, nearly half of C-suite leaders polled are changing the educational requirements for recruits this year.

The shift to a sustainability model is ushering in a new age of tax reporting.

There are several key strategic considerations for the in-house practitioner to put their company in a strong position to resolve a tax dispute.

The provisions are likely to change the tax planning used by the largest companies and their accounting firms.