income tax Archives - CFO

Biden Unveils Plan for $3.2 Trillion in Tax Hikes

Biden Unveils Plan for $3.2 Trillion in Tax Hikes

The plan, which omits a wealth tax, is "certainly more modest than those of other leading contenders" for the Democratic presidential nomination.

By Matthew Heller | December 5, 2019

IRS Audit Rate for Highest Earners Falls by Half

IRS Audit Rate for Highest Earners Falls by Half

"Congress needs to give the IRS the sustained resources it needs to ensure high fliers pay their taxes,” Sen. Ron Wyden (D-Ore.) says.

By Matthew Heller | May 22, 2019

EY Fined $11.8M Over Defective Client Audits

EY Fined $11.8M Over Defective Client Audits

The SEC says the firm ignored red flags in its auditing of Weatherford International despite designating the client as "particularly risky."

By Matthew Heller | October 18, 2016

What’s the Best Corporate Tax? It Depends How You Define ‘Best’

What’s the Best Corporate Tax? It Depends How You Define ‘Best’

The type of tax system we employ — income tax, VAT or otherwise — is less important than why we employ it.

By John Gimigliano | July 13, 2016

A World of Tax

How much do you know about worldwide corporate income tax rates? Take our quiz.

By CFO Staff | April 8, 2016

New York Strikes Deal to Raise Minimum Wage

Human Capital & Careers

New York Strikes Deal to Raise Minimum Wage

The increase in the minimum wage to $15 an hour will be phased in gradually across the state, with the target being reached by 2021 for some workers.

By Katie Kuehner-Hebert | April 1, 2016

Profits, But No Tax Bill

Profits, But No Tax Bill

Eleven S&P 500 companies reported profits for calendar 2014 but will be paying no corporate income taxes.

By Katie Kuehner-Hebert | March 6, 2015

New Market-Based Income Tax Poses Challenges

New Market-Based Income Tax Poses Challenges

States are changing the way they calculate business income taxes, with some adopting a market-based approach.

By Joseph F. Burnett | January 22, 2014