U.K. lawmakers are calling for new legislation that would ensure auditors and accountants are better able to identify and call out issues within their clients’ finances as the government works to avoid more high-profile corporate collapses. Yahoo! Finance U.K. reported on Monday (Nov. 4) that...
The U.S. Treasury Inspector General for Tax Administration is calling into question the Internal Revenue Service’s corporate auditing performance. Bloomberg reported on Thursday (Oct. 24) that a report from the Treasury Inspector General for Tax Administration claims the IRS is not effectively auditing corporations following...
Corporate taxes have traveled to the top of organizations’ biggest areas of focus in recent years, largely as a result of U.S. tax reform efforts and global regulatory initiatives to combat tax avoidance. The latest data on corporate taxes in the U.S. brings new questions...
Democratic presidential hopeful Sen. Elizabeth Warren announced her vision for a revamped corporate tax law, The Wall Street Journal reported Thursday (April 11), an initiative that could raise $1 trillion over 10 years. Reports said Warren announced her Real Corporate Profits Tax, proposed legislation that would...
May 03, 2017
The Small Business Administration’s National Small Business Week is in full swing, and new data from top banks finds small business optimism is soaring. Research from U.S. Bank released this week concluded that revenue increases, planned capital investments and boosted employment levels are all signs of strengthening SMEs across the U.S. The bank’s Small Business Annual […]
March 12, 2019
A U.S. Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. Reuters reported that Chip Harter, the U.S. Treasury’s top international tax official, called the taxes “ill-conceived,” and said the better option was to go after tax reform internationally at the Organisation for Economic Co-operation and Development (OECD). […]
March 06, 2019
The European Union has announced that it will not move forward with a digital tax plan covering the entire EU, but also said it would look at reforming tax laws...
August 09, 2018
With news of the Trump Administration’s planned 25 percent tariff on Chinese imports circulating, the National Retail Federation (NRF) said the move could be very detrimental to the U.S. economy....
July 16, 2018
Continuing the recent string of earnings from big banks – a string that kicks off earnings season per tradition – Bank of America said loan growth and a boost in...
