Corporate taxes

European countries are skeptical of the French president's abiliy to jumpstart implementation of a minimum corporate tax.

The Internal Revenue Service is pilot-testing a program for the next year and a half to expedite requests for rulings and determination letters for corporate taxpayers.

Bloomberg Tax has added new features to the Tax Provision product it acquired last year from Tax Prodigy.

Chief tax officers are anticipating major developments in 2022 when it comes to global taxes, M&A, technology, talent and more, according to a poll from KPMG.

The Business Roundtable is officially opposing Biden’s economic legislation because they believe the tax increases on corporations outweigh the good in the legislation.

The Alphabet subsidiary said it would pay 218 million euros in backdated corporation tax to Irish authorities.

U.S. legislation designed to protect trillions in assets from chaos when global regulators phase out the interest-rate benchmark Libor is being held up in the House.

Negotiators hammering out details of a new global corporate tax regime are shaping the deal to maximize its chance of winning acceptance in the U.S.

The latest version of the spending package, which is still being debated, includes a minimum tax of 15% on a corporation’s book income.

Sales taxes have risen to an average of between 25% and 35% across countries that are part of the OECD, according to a new report.

Some countries are already taxing greenhouse gas emissions, but the U.S. is not likely to follow suit anytime soon.

The American Institute of CPAs sent a letter to Congress’s tax-writing committees asking lawmakers to reconsider the rules around the corporate minimum tax rate that’s currently part of the reconciliation bill now under consideration.

Leaders of the biggest economies formally backed a plan to overhaul the way countries tax multinationals in a bid to stem rate competition.

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.