Tax reform

Using EBITDA – which is typically bigger than EBIT — would generate heftier tax deductions.

Following the Republican victory in the 2024 election, tax reform and political changes are at the forefront of every accountant's agenda.

The world's governments stand to increase their tax revenues by about $250 billion a year by rewriting the rules for multinationals, according tothe OECD.

The country's progressive personal income tax schedule is undermined by deductions that largely benefit high-income earners.

The Tax Cuts and Jobs Act of 2017 had virtually no effect on reducing compensation of top executives at companies despite promises to the contrary, according to a new study.

CFOs rank supply chain disruptions, the talent shortage and tax reform as higher risks than COVID-19, according to a recent survey from BDO USA.

Their package of tax increases falls short of President Joe Biden’s ambition, however.

National tax offices were flooded with more than 500 inquiries a day from their field offices after the 2017 tax law, and a confused response cost some accounting firms clients. What lessons can be learned?

The private equity industry is trying defend a cherished tax break that Democrats have targeted for elimination.

A rare show of bipartisan unity unfolded Tuesday, with 18 lawmakers making the case for an expansion of the state and local tax deduction.

The near doubling of the capital gains tax rate would have a large impact on the net profit from any sale of any capital asset.

Senate Budget Committee Chairman Bernie Sanders is proposing to partially revive the federal deduction for state and local taxes in an draft outline of a budget resolution designed to fast-track much of President Joe Biden’s economic agenda.

The president’s plan for trillions in proposed spending and tax increases is likely to take at least until September to clear.

The Biden administration’s proposal to impose a global minimum tax on corporations has been provoking opposition in Congress, with Republicans advocating user fees instead to pay for infrastructure improvements.

The Treasury secretary suggested that if Congress were to pass a capital-gains tax hike effective starting in April 2021, that wouldn’t count as a retroactive increase.

Mitt Romney is helping lead lawmakers in creating a new proposal to present to the Biden administration.

The proposal sets aside the Biden administration’s proposal to raise the headline corporate income rate to 28% from 21% — a non-starter for Republican lawmakers — though that could be pursued elsewhere.

The American Jobs Plan would take taxes on GILTI through the roof.

Contrary to the dire predictions at the time, the massive overhaul of the nation’s Tax Code during Donald Trump’s presidency had a negligible initial impact on the nation’s domestic migration patterns, new data from the Internal Revenue Service show.

The so-called 1031 like-kind exchange rule was created a century ago to aid family farmers.