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Keeping Pace With Corporate Income Tax Filing Season

ThomsonReuters

As the effects of the pandemic continue to reverberate through the economy, resource-constrained corporate tax departments are unceasingly adapting to change — including new regulatory requirements, new ways of working, extended tax deadlines, Covid tax relief provisions and, now, the demands of a busy tax-filing season.

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Exploring key 2024 tax bill proposals

ThomsonReuters

Under this act, if a corporation’s CEO or highest-paid employee’s compensation exceeds 50 times the median worker’s pay, the corporate tax rate would be increased by a penalty determined by the legislation.

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Tax Authorities Set an Aggressive Schedule for Global Minimum Tax

ThomsonReuters

The Global Minimum Tax is the latest initiative spinning off of the Base Erosion and Profit Shifting (BEPS) initiative from the Organisation for Economic Co-operation and Development (OECD). Countries would have to write new laws, adopt new tax treaty language, and repeal some policies that conflict with the new rules.”.

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The New Year Brings Fresh Uncertainty for U.S. Business Tax Professionals

ThomsonReuters

The tax rules and regulations U.S. A recent Thomson Reuters webinar, Get Ready for 2021: Using Checkpoint Edge to Plan for Uncertainty, explored these issues and cautioned companies to brace themselves for significant changes. Senate, the future of COVID-19 relief, and the fiscal crisis facing the 50 states. Recent Changes.