Richard Rubin
Bid to lower corporate tax rate stirs backlash from business
WASHINGTON - The latest plan in Congress to cut business tax rates faces a major obstacle: U.S. businesses.
Many Democrats and Republicans, including new House...
Senate sends $42B tax-break renewal measure to Obama
WASHINGTON - The U.S. Senate passed a $42 billion package of tax incentives, reviving dozens of lapsed breaks for 2014 and setting them to...
Offshore crackdown kicks off with 30% penalties for banks
The Internal Revenue Service is about to get an unprecedented look at bank accounts and investments U.S. citizens hold abroad, through a law that...
House votes to give small businesses quicker tax writeoffs
WASHINGTON – Small businesses would be able to write off capital purchases more quickly under a $73.1 billion tax reduction passed Thursday by the...
Repatriation tax break costs $96B, official estimate says
WASHINGTON – A temporary tax holiday for U.S. companies to repatriate offshore profits would cost the government $95.8 billion in revenue over the next...
Top tax rate starts at $457,600 in 2014 as IRS adjusts...
WASHINGTON – The top U.S. marginal tax rate of 39.6 percent will apply to taxable income of married couples exceeding $457,600 in 2014, up...
BofA finds profit in foreign credit maneuvers
WASHINGTON - Bank of America Corp. more than doubled its profits in 2012 -- with some help from the tax code.
What the bank calls...
FedEx joins CVS in pressing Congress for corporate tax cut
WASHINGTON - Top executives from 18 large U.S. companies, including FedEx Corp., CVS Caremark Corp. and Boeing Co., are trying to keep up pressure...
Small biz plans hint at split on tax code overhaul
WASHINGTON – Democrats and Republicans in the U.S. Congress are using the run-up to the April 17 tax-filing deadline to test some of the...
CVS Caremark CEO seeks ‘consequential rate reduction’ in tax
WASHINGTON - The U.S. tax code inhibits investment and makes U.S. companies less competitive, Larry Merlo, the president and CEO of CVS Caremark Corp....
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