Tax
Tax News & IRS Insights for Accounting Professionals
Accounting Today delivers news and analysis for accounting and tax professionals on federal and state tax developments, IRS guidance,information reporting, and operational implications for practices and clients. Our coverage focuses on legislative and procedural shifts that tax practitioners must monitor in planning, compliance, and advisory contexts.
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The club of rich nations secured a landmark deal that could help them collect more taxes and impose levies on U.S. tech giants such as Amazon and Facebook.
June 6
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Group of Seven governments are nearing a deal to pursue a minimum corporate tax rate of at least 15% in international negotiations, but remain at odds over how to treat global technology companies.
June 4
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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.
June 4
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Bait, switch and threaten; power corrupts; Herbal remedy; and other highlights of recent tax cases.
June 3
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The American Jobs Plan would take taxes on GILTI through the roof.
June 3
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Sen. Ron Wyden has questions about why the company consistently loses money in the U.S. and doesn’t pay more in taxes.
June 3
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This week’s finance ministers’ meeting may help lead to a broader deal in July or October.
June 3
