Corporate taxes

The president’s tax agenda, crafted by experts who worked on the proposals for years and wrote books about their ideas, is getting a wholesale revamp as Democrats battle to find a program their caucus can unite behind.

President Biden will likely be unable to keep one of his key campaign promises because of unyielding resistance among even some in his own party to raise taxes.

A failure to use tax data may represent a major missed opportunity, however.

Democratic negotiators have been working to address opposition from Senator Kyrsten Sinema, an Arizona moderate, to boosting rates.

Congressional Democrats are at odds over President Biden’s economic agenda, even as party leaders aim to have a deal outline by the end of the week.

Under the 2017 Tax Cuts and Jobs Act, R&E expenses paid or incurred after 2021 must be capitalized and amortized over five years (15 years if research is performed overseas).

The Internal Revenue Service’s Large Business and International division is starting to use videoconferencing to meet with big companies virtually to resolve their tax issues.

The lawmakers want to wait until other countries implement the proposed 15% corporate tax rate.

A new survey by Ernst & Young finds growing worries about transfer pricing among business leaders.

A recent KPMG survey reveals how corporate tax units are managing data and analytics.