Corporate taxes

After months of uncertainty about a border-adjusted tax, retail CEOs are renewing efforts to quash the idea.

Senate Majority Leader Mitch McConnell said that any tax overhaul can’t add to the growing U.S. budget deficit, a position that places him at odds with President Donald Trump, who has called for a significant tax cut.

The president is leaning toward preserving a trillion-dollar tax break for corporate borrowers—a move that economists say could jeopardize his goal of robust economic growth.

CPAs and their business clients and corporate tax departments need to consider different scenarios for the possible corporate tax reforms now being weighed in Congress.

Four of the most significant transnational organizations are working together to eliminate transfer pricing schemes and abuses.

The Congressional Research Service has issued a report summarizing the proposed tax changes in the "Better Way" tax reform blueprint released last summer by congressional Republicans.

President Donald Trump offered corporate America a sweeping tax vision whose ultimate promise of lower rates and more global competitiveness depends on one thing: longevity. Given the plan’s uncertain costs, longevity may be one thing the proposal can’t deliver.

Imagine that you arrive home one day to find a letter from the Internal Revenue Service: “Dear Taxpayer: Although you paid your taxes in full four years ago, Congress has since decided to eliminate a deduction that you took at that time. The deduction was legal when you took it but isn’t legal anymore. We therefore require immediate payment of $10,000, the amount by which you benefited from the deduction that no longer exists.”

The White House made its opening bid for what officials called the “biggest tax cut” in U.S. history—with cuts that would benefit businesses, the middle class and certain high-earning individuals—but left unanswered questions about whether the plan would be paid for, or how.

President Donald Trump’s expected call to slash the corporate tax rate to 15 percent—a number that many economists say would boost the deficit so much that the cut would be short-lived—may be less about policy and more about deal-making.

Traders are about to get an idea of how far the president will go to stimulate the economy, after months speculating over the timing and size of his tax plan.

The president’s plan to slash the rate to 15 percent is setting up a showdown with the House Speaker, who has called for a tax plan to pay for itself.

Even without any specific tax-reform proposals, President Donald Trump’s pledge to revamp U.S. policies is already affecting the solar industry, and not in a good way.

The president will call for cutting taxes for individuals and lowering the corporate rate to 15 percent after briefing GOP leaders.

Eight weeks ago the president said he would be releasing a “phenomenal” tax plan within two or three weeks. But there’s no sign of a plan yet, and mixed signals from the White House are imperiling Republican promises of speedy action.

Rep. Lloyd Doggett, D-Texas, and Sen. Sheldon Whitehouse, D-R.I., have introduced legislation to discourage the use of corporate tax havens.

Sen. Jack Reed, D-R.I., and Chuck Grassley, R-Iowa, have introduced bipartisan legislation that would prevent businesses from deducting the money they pay to government agencies like the Securities and Exchange Commission to settle allegations of company wrongdoing.

As President Donald Trump huddles with advisers over plans for a tax overhaul, Congress is considering options to soften a controversial centerpiece of the House Republicans’ tax plan—a step that might mean smaller tax cuts for corporations.

Far-right Republicans who helped block House Speaker's goal of replacing Obamacare may also be in position to imperil his dreams of a comprehensive rewrite of the tax code.

President Donald Trump and House Speaker Paul Ryan say they’re ready to put tax reform at the top of their agendas.