As President Trump threatens a wider trade war on EU and other allies, an obscure global tax battle could be one retaliatory ...

Nebraska, North Carolina and Pennsylvania saw reductions in their corporate income tax rates on Jan. 1, while Louisiana became the third state to adopt permanent full expensing. Here are the top ...

Various reasons could prompt that decision. For example: A C corporation might revoke the S corp election if pass-through tax treatment is no longer financially beneficial (e.g., lands the owners in ...

The Tax Foundation has released a new report comparing corporate tax rates around the world. The reports shows that the U.S. corporate tax rate is now higher than corporate tax rates in a large ...

Tesla reported $2.3 billion of U.S. income in 2024 but paid zero federal income tax. Over the past three years, the Elon Musk ...

Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.