Tax

A GAO report finds that the regulations were burdensome for multinational companies, even though they saved through lower tax rates.

Bloomberg Tax & Accounting has improved the product to help multistate businesses with net operating losses across multiple states.

They claim the provision to prevent them from using federal money to fund lower taxes is unconstitutional.

"Inheritors are going to get killed" under the White House’s proposal to put the brakes on tax-free intergenerational transfers of wealth.

A full global deal to overhaul taxation rules may not be achieved until October, said the chief of the OECD.

The administration is looking for big money from a higher corporate tax rate and better IRS enforcement.

The proposal includes a call for a surprise retroactive hike in the capital gains tax.

While some are scouting for prospects, others are still recovering.

Better, more timely guidance from the IRS would do more to drive compliance, writes Alexis Leondis.

Richard Neal, the chair of the House Ways and Means Committee, will be a key player in the coming tax debates.