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Clear filters
IRS Announces Revamped Process for Updating FAQs for New Tax Legislation
Taxation
The IRS announced on Friday that it will update its process for posting frequently asked questions (FAQs) about new tax…
Read More
Washington State's High Court Upholds Tax on Big Banks
Taxation
The Supreme Court of Washington state unanimously upheld a state tax on big banks on Thursday, AP reported. The 1.2…
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Lawmakers Negotiating Taxes to Support $3.5T Budget Plan
Taxation
Business Insider 35 percent rate debating changes the global intangible low-taxed income (GILTI) system Fortune will not…
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Treasury Official Says Proposed $1M Capital Gains Threshold Would Be Same for Both Couples and Individuals
Taxation
Accounting Today proposal
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House Passes $3.5T Budget Blueprint
Taxation
Wall Street Journal to CNBC
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White House Hesitant to Support First U.S. Carbon Border Tax
Taxation
Reuters
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U.S. Proposes 15 Percent Global Minimum Corporate Tax During OECD Negotiations
Taxation
A May 20 proposal by the Biden Administration to set a global minimum corporate tax of 15 percent has garnered a mostly…
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Swiss Life Agrees to Pay $77.3 Million to Settle Criminal Tax-Avoidance Charges
Taxation
Swiss Life Holding AG and several subsidiaries have admitted to conspiring with U.S. taxpayers to conceal more than $1.452…
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IRS Issues Guidance on Interaction of Employee Retention Credit With PPP Loans
Taxation
The IRS has issued guidance on the employee retention credit under the CARES Act, in particular, how it interacts with the…
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