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Brainard vows corporate tax hike with Trump cuts set to expire

Accounting Today

President Biden's top economic advisor pledged Democrats would push to reverse Donald Trump's corporate tax cuts next year.

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Trump eyes keeping 21% corporate tax, extending individual cuts

Accounting Today

Donald Trump plans to make permanent the 2017 individual tax cuts that he enacted as president while keeping corporate tax levels unchanged in an appeal to working and middle class voters should he retake the White House.

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Corporate tax departments find themselves with too few resources

Accounting Today

Nearly half the leaders of corporate tax departments believe they're severely under-resourced when it comes to technology and hiring, according to a recent survey.

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IESBA sets ethics standards for corporate tax planning

Accounting Today

The International Ethics Standards Board for Accountants has unveiled a set of ethical standards for business tax planning in response to complaints over tax avoidance by multinational companies.

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Buffett says US corporate taxes likely to rise to tame deficit

Accounting Today

taxes are likely to rise as lawmakers look to narrow the federal deficit, Warren Buffett said, as Washington prepares for major tax negotiations next year.

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Tax partners matter more than firms when it comes to corporate taxes

Accounting Today

Accounting firms are less important than the partner leading the team in terms of the impact on the business's effective tax rate and the probability it will face an audit.

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Billionaire, corporate tax hikes will be focus of Biden State of the Union

Accounting Today

President Joe Biden will propose increasing the minimum tax rates paid by major U.S. and multinational corporations to 21% and eliminating breaks for companies with high-paid executives in his election-year State of the Union address on Thursday night.