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Which Changes Will Business Believe In?
With Democrats in charge of both the White House and Congress, CFOs worry about the impact on taxes, labor, and health care. December 1, 2008
A Dreaded Real Estate Tax Rears Its Ugly Head
CBS loses its argument with New York and is taxed on its "transfer" of real estate to Viacom. November 25, 2008
Why Gannett's Tax Appeal Was Shot Down
Gannett met the definition of a unitary business, so now it will be paying taxes in Maine for the sell-off of its $2.7 billion Midwest cable business. November 21, 2008
Fannie, Freddie Take Massive Noncash Charges
They use "valuation allowance" against deferred tax asset balances to produce Q3 amounts of $21.4b and $14.3b, respectively. November 17, 2008
Palin Faults GOP for Profligate Spending
The former vice presidential candidate laid out a broadly conservative agenda for the party, stressing tax cuts, limited government spending, and increased domestic energy production. November 13, 2008
GAO to IRS: Get Control of Yourself
The tax regulator's lax internal controls have federal auditors worried about whether future IRS financial reports can be trusted. November 12, 2008
Nordstrom's State Tax Gambit Fails
The courts say that shifting trademark royalty collection to subsidiaries in other states did not release the upscale retailer from its Maryland tax obligation. November 10, 2008
How Will Obama Tax Business?
Aside from his vow to trim the oil-company breaks, experts find the president-elect's approach puzzling. And it may be quite a while before a strategy becomes clear. November 6, 2008
BOA Could Find Merrill Deal Taxing
A timing issue related to one of the Treasury Department's rescue proposals means Bank of America might lose its tax-free status for the Merrill Lynch deal. November 3, 2008
Are Anti-trust Penalties Deductible?
A new IRS advisory provides guidance on whether the fines and penalties associated with a corporate anti-trust lawsuit are tax deductible. November 3, 2008