Republicans in the U.S. House of Representatives are accelerating
efforts to craft a sweeping tax reform bill for 2017 and looking
at ways to smooth the transition to a new tax system for some
businesses, the House Republican tax chief said on Wednesday. Read More.
Republican leaders managed to derail impeachment of IRS
Commissioner John Koskinen on Tuesday, forcing the debate back to
a committee for more study, where it will die when Congress
adjourns at the end of this year. Read More.
Over the years, Apple Inc. has become the poster child for U.S.
multinationals accused of sheltering overseas profits to avoid
the IRS. What’s gone largely unnoticed is that it’s been paid
more than half a billion dollars by the U.S. government to do
just that. Read More.
A “corrupt” Internal Revenue Service still is shooting down
advocates for conservative causes, especially if they have the
words “tea party” in their names, even though courts have told
the bureaucrats to stop. Read More.
House Republicans are talking with President-elect Donald Trump’s
transition team about how to fashion the biggest U.S. tax
overhaul in three decades, the chairman of the House Ways and
Means Committee says. Read More.
Internal Revenue Service examiners confront some steep barriers
when trying to audit the transfer pricing strategies used by
multinational corporations to reduce their taxes, according to a
new report. Read More.