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Study: Worldwide Corporate Tax Rates Reach New Low
Taxation
A recent study has found that the average corporate tax rate for major economies fell to a new low of 25.1 percent in…
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Bipartisan Bill Introduced in Senate Would Bar Tax Breaks for Companies Paying Taxes to Russia, Belarus
Taxation
A bipartisan bill introduced in the Senate on Thursday would bar companies that pay taxes to Russia or Belarus from…
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Congress Confronts Approaching Expiration of Several TCJA Provisions
Taxation
As provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 approach their expiration dates, Congress has to make decisions…
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Study: IRS Has Ability to Accurately Autofill Over 40 Percent of Individual Tax Returns
Taxation
A study by the National Bureau of Economic Research has found that the IRS has the capability to accurately…
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IRS to Transfer Services for Tax Professionals to ID.me, Despite Concerns About Company
Taxation
The IRS plans to transfer its online services for tax professionals to ID.me, a third-party authentication service provider,…
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Report: 19 Fortune 100 Companies Paid Little or No Taxes for 2021
Taxation
Nineteen of the largest U.S. corporations paid little or no taxes last year, according to an analysis of financial filings…
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Despite Fla. Bill Targeting Disney, Big Tax Breaks for the Company Remain Intact
Taxation
Although Florida Gov. Ron DeSantis has signed a bill to strip the Walt Disney Co. of its special tax status, in retaliation…
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Another Federal Court Strikes Down Ban on Using ARPA Funds for Tax Cuts
Taxation
A federal district court in Texas has struck down a provision in the American Rescue Plan Act (ARPA) that prohibits states…
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2021 Tax Returns of Biden and Harris Similar to Returns Filed Last Year
Taxation
The White House has released the 2021 tax federal income tax returns for President Joe and Dr. Jill Biden, as well as Vice…
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