Saturday, August 22, 2026

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Laura Davison

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THE IRS ISSUED guidance that companies can still deduct 50 percent of meals while entertaining clients and customers. Tax professionals had been unsure as to whether the deductions were still valid after the passage of the 2017 Tax Cuts and Jobs Act. / BLOOMBERG NEWS FILE PHOTO/GERALDINE HOPE GHELLI

You can still deduct a client’s meal on a night out,...

NEW YORK - The Internal Revenue Service is giving businesses a tax break they thought they had lost in the tax overhaul last year...
UNITED STATES companies repatriated $169.5 billion in the second quarter, a sharp increase from $34.9 billion a year earlier. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

U.S. companies repatriated $169.5B in Q2

NEW YORK - United States corporations are required to pay a one-time tax on their offshore profits, but don’t expect those stockpiled funds to come...
U.S. HOUSE Republican lawmakers introduced legislation Monday that would make the 2017 tax cuts for individuals permanent. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Tax Cut 2.0 bill unveiled by House GOP ahead of election...

NEW YORK - House Republican lawmakers introduced legislation Monday that would make the 2017 tax cuts for individuals permanent in a bid to highlight their...
THE U.S. TREASURY DEPARTMENT has delayed guidance on the rules outlining which businesses structured as S corporations, partnerships and limited liability companies can claim a 20 percent tax deduction, likely until the end of July. / BLOOMBERG FILE PHOTO/DANIEL ACKER

Pass-through tax guidance delayed until end of July

NEW YORK - U.S. Treasury Department rules outlining which businesses structured as S corporations, partnerships and limited liability companies can claim a 20 percent...
A FRAMEWORK FOR a tax overhaul bill is expected to be released as soon as this week. Above, Treasury Secretary Steven Mnuchin. /BLOOMBERG FILE PHOTO/ANDREW HARRER

Tax plan framework is said to possibly go public this week

NEW YORK - A set of broad guidelines on a tax overhaul bill could be released as early as this week, according to people...

Santander names JPMorgan’s Ryan chairman of U.S. operations

NEW YORK - Banco Santander SA named JPMorgan Chase & Co.’s T. Timothy Ryan as the non-executive chairman of U.S. operations as Spain’s largest...
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