All Taxes articles – Page 2

  • Article

    U.S. multinationals meet new IRS transparency rule with open arms


    You’d think that U.S. multinational companies might not welcome new IRS regulations, but here's one companies can live with. In lieu of potentially multiple filing requirements in countries where they have entities, companies are accepting new country-by-country transparency rules in the United States and preparing to comply. Tammy Whitehouse has ...

  • Blog post

    The compliance side to Obama’s new tax incentives


    At the end of 2015, President Obama signed into law a number of federal tax incentives for businesses to encourage various hiring, training, and investing practices. But there are special compliance considerations that come with all of these programs. CW Editor Bill Coffin offers a closer look.

  • Article

    Congress’ Year-End Tax Package Has Something for Everyone


    Companies have some work to do as they are closing their books on 2015 to tally up the benefits of the annual year-end tax package from Congress and determine how they will reflect those in their tax filings and financial statements. This week, CW accounting writer Tammy Whitehouse looks at ...

  • Blog post

    Consumer Group Protests Post-Settlement Tax Breaks


    Goldman Sachs recently announced that it had reached an agreement in principle with the U.S. Department of Justice and others to resolve civil claims relating to the firm’s securitization, underwriting, and sale of residential mortgage-backed securities from 2005 to 2007. The $5 billion settlement has drawn the ire of U.S. ...

  • Article

    Global Tax Overhaul Moves Forward


    Slowly but surely, developed nations are closing ranks on an international tax agreement intended to crack down global companies parking profits in low-tax jurisdictions. The OECD issued its final recommendations, Base Erosion and Profit Shifting (BEPS) plan, earlier this month, which G-20 countries will then implement locally. Nice idea in ...

  • Article

    Taxing Times Ahead on Revenue Standard


    Among the many issues companies must address as they adopt the new revenue recognition standard, tax consequences are gaining more attention. The IRS is seeking comment on how burdensome tax reporting might become, and the standard’s fundamental shift in recognizing revenue could make the burden quite heavy. “There’s a lot ...

  • Article

    Hidden Complexity in the New Rules for Revenue Recognition


    Financial reporting and auditing experts are warning companies of surprises they may encounter as they continue to work their way through 700 pages of new accounting rules on how to recognize revenue in their financial statements beginning in 2017. The accounting standard update requires several new disclosures, for example. “There ...

  • Article

    Preparing for 2015 Employment Tax Compliance


    As companies begin planning for tax compliance in the coming year, they are finding 2015 to be a mixed bag. The good news is that payroll and other tax law changes are minimal; the bad news is that some companies may see hikes in their tax rates. “Thankfully, ...

  • Article

    Building Regulatory Might in U.K., EU


    Data privacy and corporate transparency will be two of the top European issues on the agenda for compliance executives in 2015. And even if we have to wait another year to see a big corporate enforcement action under the U.K. Bribery Act, there are other reasons to fear Britain’s white-collar ...