Accounting & Tax

The president indicates he would consider a 25% corporate tax rate rather than his proposed 28%.

Big Tech will find it harder to dodge Biden's plan because, if turned into law, it would close most of the loopholes left by Trump's 2017 legislation.

Lawmakers will attempt to structure the legislation to prevent tax loopholes for IP and other intangible assets.

Companies should start preparing now for the amended rules, designed to streamline and modernize MD&A and related financial disclosures.

Companies can carry losses back as many as five years in the past, which allows previously profitable companies to mitigate their losses through the pandemic economy.

The $2.25 trillion proposal would pump money into transportation, renewable energy, manufacturing, and other areas of the economy—funded by undoing corporate tax breaks passed during the Trump administration.

Whether or not they've taken drastic steps such as restructuring, U.S. businesses are facing a changing environment that requires them to revisit transfer pricing policies.

Risk of trade clashes grows as United States prepares tariffs on countries that levy DSTs on U.S.-based tech companies.