Companies

Fairness, Transparency, and Enforcement: Principles for Taxing U.S. Multinational Corporations In 2025

by
Fairness, Transparency, and Enforcement: Principles for Taxing U.S. Multinational Corporations In 2025

Click here to download Briefing Memo on Foreign-Derived Intangible Income (FDII) The 2017 tax reform massively reshaped how U.S. multinationals are taxed on their foreign income, including through the application of a global minimum tax that grants corporations a substantial discount on their foreign profits. This discount gave big multinationals new incentives to stash their … Read more

Biden’s team asks CEOs how to further boost the economy while Trump says business is on his side

by
Biden's team asks CEOs how to further boost the economy while Trump says business is on his side

WASHINGTON — On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America.The Democrat tells voters that companies should pay more in taxes and he blames many businesses for fueling higher prices by stoking “greedflation” and “shrinkflation.”But for the past several months, top Biden administration officials have also stepped up … Read more

Tax leaders worried about election results

by
Tax leaders worried about election results

Strategic tax leaders are especially concerned the November U.S. presidential election will lead to changes to certain Inflation Reduction Act renewable energy credits, while tax tacticians are most concerned about changes to federal corporate tax rates, according to a new survey.The 2024 BDO Tax Strategist Survey, released Monday, pointed out that the outcome of the … Read more

High corporate tax rates – a barrier to MNCs | The Express Tribune

by
High corporate tax rates – a barrier to MNCs | The Express Tribune

KARACHI: Approximately 210 multinational companies (MNCs) in Pakistan operating in sectors like tobacco, oil, auto, pharmaceuticals, banking and others contribute a third of the total tax collection and make a major contribution to the national exchequer. They also reinvest in their respective units or inject capital into some new ones. Moreover, they make investments of … Read more

Republicans pitch tax cuts for corporations, the wealthy in 2025

by
Republicans pitch tax cuts for corporations, the wealthy in 2025

Republicans in Congress are preparing to not just extend former president Donald Trump’s 2017 tax cuts if they win control of Washington in November’s elections, but also lower rates even more for corporations, laying the early groundwork for a ferocious debate over taxes and spending next year and beyond.The Tax Cuts and Jobs Act (TCJA) … Read more

Supreme Court Holds That A Corporation’s Life Insurance Proceeds Used To Redeem A Decedent’s Shares Must Be Included In Federal Estate Tax Calculation

by
Supreme Court Holds That A Corporation’s Life Insurance Proceeds Used To Redeem A Decedent’s Shares Must Be Included In Federal Estate Tax Calculation

June 6, 2024 Click for PDF Connelly v. United States, No. 23-146 – Decided June 6, 2024 Today, the Supreme Court unanimously held that the proceeds from a life insurance policy taken out by a corporation to redeem a decedent shareholder’s stock are a corporate asset for federal estate tax purposes. “An obligation to redeem shares … Read more

Tax Foundation calls New Mexico tax ranking respectable

by
Tax Foundation calls New Mexico tax ranking respectable

Sherry Robinson  |  All She WroteLet’s start with the good news: New Mexico is number one on an important ranking. We have the nation’s lowest property taxes, and they’ve been the lowest for a long time.The reason goes back in history to the 1800s, when New Mexicans lost land to tax sales because they didn’t … Read more

NFP report makes case for no Fed rate cuts until 2025

by
NFP report makes case for no Fed rate cuts until 2025

​The US jobs report highlights a super hot US economy, underscoring that there is a real risk that interest rates won’t be cut until 2025, the CEO of a leading financial advisory and fintech has warned. The U.S. economy added 272,000 non-farm jobs in May, much more than expected, while Wall Street had forecast an … Read more

Nvidia and Salesforce double down on AI startup Cohere in $450 million round, source says

by
Nvidia and Salesforce double down on AI startup Cohere in $450 million round, source says

Canadian AI startup Cohere has raised $450 million in funding from returning investors such as Nvidia (NVDA.O) and Salesforce Ventures (CRM.N), as well as new investors including Cisco (CSCO.O) and Canadian pension fund PSP Investments, according to a source familiar the matter.This concludes the first tranche of Cohere’s monthslong fundraising efforts, while the company is … Read more

MADSEN: Cut corporate income taxes massively to increase growth, prosperity

by
MADSEN: Cut corporate income taxes massively to increase growth, prosperity

Breadcrumb Trail Links Opinion Columnists Published Jun 07, 2024  •  Last updated 8 hours ago  •  2 minute read Photo by file /Getty Images Article content The federal Liberal government’s current budget proposal budget proposal to increase the inclusion rate for capital gains tax was met with justifiable criticism and opposition — primarily from business groups. … Read more