02/08/2019
The issue is rekindling an old debate between advocates for a progressive wealth tax who say it would raise federal revenue while shrinking the gap between rich and poor, and detractors who argue it would demoralize "job creators" and discourage
02/06/2019
The repatriation tax created a one-time 15.5 percent tax on cash and cash assets, and a 8 percent tax on illiquid assets
02/06/2019
The rule applies to corporate taxpayers with gross receipts of more than US$500 million
02/01/2019
Attempts to raise revenue must include the comfortably off as well as the ultra-wealthy
01/31/2019
"The U.S. tax code is very, very complicated," Cohn says
01/30/2019
As part of the program, taxpayers would receive protection from criminal prosecution for failing to previously report their foreign accounts and the income from those foreign accounts
01/30/2019
Tax authorities identified 3,000 people or corporations connected to Canada in the Paradise Papers leaks but have not yet recovered any money.
01/18/2019
For years, some corporations that do business here in Hawai‘i have avoided taxes by booking profits made in America to tax havens—like the Cayman Islands
01/16/2019
The IRS, which is one of the agencies affected by the shutdown, has a separate budget to work on
01/14/2019
The motivation behind the tax was to bilk the rich to reduce the national deficit with targeted taxes.
01/11/2019
The tax law limits deductions for state and local taxes, including property tax, to $10,000.
01/10/2019
"This common-sense bill takes a huge step towards ending the outdated, backwards policy of double-taxation of American citizens living abroad," Holding stated.
01/09/2019
A 2% tax will be levied on medical products, raw materials and machinery used for production, insurance premiums, purchase and sale of university issued products. Basic food necessities from a specific list will be charged a 1% tax.
01/07/2019
Rep. Alexandria Ocasio-Cortez says people would need to "start paying their fair share in taxes" to underwrite her "Green New Deal."
01/04/2019
Tech companies like Google and Apple are well-known users of the strategy, which officials from each of the countries involved have moved to close.
01/01/2019
Skeptical reporting has still been too favorable.
12/31/2018
The first line of defense is management’s responsibility to effectively assess risks and to design and implement internal controls to mitigate those risks, according to Chambers.
12/24/2018
But the outlook is bleak for thousands grappling with Trump's repatriation tax
12/21/2018
Learning from the past to manage future tax reform implications
12/19/2018
U.S. corporations repatriated $294.9 billion in the first three months of 2018 and $183.7 billion in the second quarter.