Tax Cuts and Jobs Act
No More Tax Deductions for Bad Actions
The new tax law disallows previously available deductions for settling government agency enforcements and sexual harassment claims.
CFO Optimism Climbs to 22-Year High
The Duke/CFO Global Business Outlook survey shows finance chiefs are more confident about the economy than at any point since 1996.
So Far, Only 6% of Tax Savings Going to Workers
Workers aren't at the head of the line for the proceeds generated from the lower U.S. corporate tax rate, says JUST Capital.
Tax Cuts Trigger CFO Optimism
U.S. finance chiefs see earnings growth in 2018, but they also expect higher wage and benefits costs.
Impacts of New Tax Law Still Fuzzy
Companies have barely begun to address capital-allocation issues related to the law, and they may need to adjust some workers' pay.
Fannie Mae Takes $9.9B Hit From Tax Law
The writedown will require the mortgage giant to seek a $3.7 billion cash infusion from the Treasury, its first draw since 2012.
Companies May Spend a Bit More This Quarter
But overall they remain conservative about using their cash reserves, an Association for Financial Professionals survey shows.
Will Tax Cuts Lead to More C Corporations?
A 21% income tax rate might sound appetizing to some pass-through entities, but C-corporation status doesn't suit every organization.
Starbucks Boosts Pay, Benefits in $250M Move
The coffee chain says the federal tax overhaul "accelerated" the new compensation package, with $120 million going toward a second wage hike this year.
Discover Profit Takes $189M Hit From Tax Law
The card company's net income for Q4 dipped to $387 million from $563 million, but all its loan segments saw growth.
FASB Seeks Rescue of Stranded Taxes
Under a Financial Accounting Standards Board proposal, companies could reflect the effects of the new 21% rate on their balance sheets.