Thursday, December 2, 2021


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HOUSE DEMOCRATS are seeking to raise the SALT cap to $20,000 for married couples in 2019, before repealing it fully in 2020 and 2021 via legislation. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

Democrats take final swipe at SALT cap before year’s end

WASHINGTON – House Democrats are making a last-ditch bid to reverse the $10,000 cap on state and local tax deductions before year’s end. But...
A SURVEY of affluent taxpayers that regularly make charitable gifts found that most donors did not alter their contributions following the tax reform of 2017.

Survey: Most affluent taxpayers maintained charitable giving levels following tax reform

PROVIDENCE – In a recent survey conducted by Fidelity Charitable, 76% of affluent taxpayers said they gave about the same to charity in 2018,...
U.S. CORPORATIONS are not bringing profits back from overseas locations at the rate that designers of the 2017 tax law update had expected. So far, slightly less than $1 trillion has been moved back to the United States, compared with the $4 trillion that was predicted by President Donald Trump. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

Corporate America is repatriating offshore cash at slower pace

WASHINGTON – Corporations brought $88.3 billion of overseas profits back to the U.S. in the second quarter, marking nearly $1 trillion that has returned since...

Sept. 12 last day to register for RIMA Congressional Manufacturing Summit

PROVIDENCE – Rhode Island Manufacturing Association will host a Congressional Manufacturing Summit at the Providence Marriott Downtown from 8-11 a.m. on Sept. 23. Registration for...

Early tax preparation for pass-through entities

(Editor’s note: This is part 2 of a two-part column on new tax regulations for pass-through entities. See part 1 here.) Last week’s column discussed...
U.S COMPANIES REPATRIATED $876.8 billion from the Republican overhaul of the international tax system and the end of the first quarter of 2019. President Donald Trump said $4 trillion would return as a result of the law. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Corporate America is repatriating a fraction of foreign profits

WASHINGTON – Corporations brought $100.2 billion of overseas profits back to the United States in the first quarter, marking $876.8 billion that has returned...

Five Questions With: Lynn O’Marra

Lynn O’Marra is a principal in the tax department of accounting firm BlumShapiro in Cranston. She has more than 20 years of experience providing...

Four states claim federal tax-deduction cap infringes rights

NEW YORK - Four Democratic-led northeastern states sued the Trump administration to invalidate the new $10,000 cap on the federal tax deduction for state and...
S&P 500 COMPANIES reported record dividend payouts of $124 billion in the second quarter. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

S&P 500 firms declared record dividend payouts last quarter

NEW YORK - One-third more S&P 500 companies boosted dividends in the second quarter compared to a year earlier, with record dividend payouts of $124...

How to rescue neighborhoods

More and more, American leaders are realizing that economic policies must be designed with a specific region in mind. Usually, the context is discussion...

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