Regulation and compliance
Regulation
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Rebecca Newton-Clarke, a senior editor/author at Thomson Reuters Checkpoint, discusses in this video the corporate income tax implications of e-commerce and how to deal with the lack of guidance from most states on taxation of e-commerce transactions, including issues such as nexus and apportionment.
April 28 -
The Internal Revenue Service has issued inflation-adjusted deduction limits for health savings accounts next year.
April 28 -
Chevron Corp. used a shell company in a tax haven to escape hundreds of millions of dollars in Australian taxes, according to a 2015 court ruling. The subsidiary, which allowed Chevron to eliminate Australian taxes on $1.7 billion in profit earned there, wasnt secreted away on a remote tropical islandit was set up in the very mundane locale where corporate secrecy was born: Delaware.
April 27 -
Disruptive technologies are adding urgency across all industries, accounting included, with clients and staff alike held to greater expectations regarding the quality and timeliness of services and products.
April 27 -
The Internal Revenue Service has released final regulations providing guidance to private foundations on program-related investments.
April 25 -
A senior Treasury Department official in charge of international tax policy is seeing a greater role being played by the Group of 20 finance ministers in setting the agenda for tax laws around the world.
April 20 -
Harriet Tubman, the leader of the Underground Railroad that brought slaves to freedom before the Emancipation Proclamation, will be the new face on the $20 bill, the Treasury Department announced Wednesday.
April 20 -
Payroll tax credits, workforce training grants, infrastructure grants, property tax abatements and tax increment financing are just a few of the tools that state and local economic development groups have at their disposal to entice businesses to expand and invest in their communities.
April 20 -
The Securities and Exchange Commission announced penalties in two financial fraud cases Tuesday against companies and their former executives accused of various accounting failures that left investors without accurate depictions of company finances.
April 19 -
The number of accounting-related securities class-action filings increased for the third year in a row in 2015, according to a new report.
April 19 -
Approximately two-thirds of companies that make up the Dow Jones Industrial Average reported non-GAAP earnings per share, according to a study last year, and the Securities and Exchange Commission is beginning to wonder if the trend has gone too far.
April 18 -
The Senate Finance Committee has dropped a provision for regulating tax preparers from legislation that would curb identity theft and tax fraud.
April 18 -
Why would anyone spend $24 million to buy a 1 percent stake in the New York Yankees? Minority ownership seems like a lose-lose proposition: A lot of money for very little power. For wealthy sports fans, though, its cooland can be one heck of a tax shelter.
April 15 -
The House Ways and Means Committee held a hearing Thursday on proposals to limit tax breaks for employers who provide health care for employees.
April 14 -
European Union regulators sought to shame big global companies into paying their full tax bill by forcing them to publish how much they divert to offshore havens.
April 12 -
For years, the conversation around XBRL and data-based reporting was theoretical. Though the SEC began requiring companies to report financial statements as data in XBRL format in 2009 (in addition to document versions), theres been no dramatic evolution in how we think about financial reporting and analysis.
April 11 -
The Governmental Accounting Standards Board issued guidance Monday addressing several practical issues raised by stakeholders during implementation of GASBs pension accounting and financial reporting standards for state and local governments.
April 11 -
A long-awaited regulation from the Dodd-Frank Act of 2010 requires companies to disclose the ratio of the CEOs compensation to the median pay of employees and could prove to be effective in restraining the growth of CEO pay, according to a new study.
April 11 -
Escalating a 19-month regulatory assault against U.S. companies shifting their tax addresses offshore, President Barack Obamas administration last week also went after companies that have always been overseas.
April 11 -
Among the issues that are keeping tax executives up at night are anti-inversion rules that dont address the root cause: an anti-competitive U.S. tax system.
April 7
