A GAO report prepared for Bernie Sanders shows two-thirds of corporations paid no federal income tax in a six-year period.
The IRS Office of Appeals found that the automotive supplier should not be treated as a domestic corporation for U.S. federal income tax purposes.
The Financial Accountability and Corporate Transparency Coalition decries a potential erosion of the corporate tax base.
For the 12-month period ending in February, the deficit was about 2.2% of GDP, down from 2.8% of GDP a year earlier.
New legislation makes the credit available to many small and midsized companies that had been effectively barred from using it.
The change may ease criticism over Facebook's overseas tax arrangements but won't necessarily mean a tax windfall for the U.K. government.
Google's parent Alphabet has disclosed it could post a $3.5 billion tax gain if a U.S. Tax Court ruling in favor of Intel is upheld.
Tax professionals are also reporting phishing scams that are seeking their online credentials to IRS services.
Inversions are on the rise, and for good reason, considering the typical tax savings. Here's a primer on the terrain if you're mulling the move.
Despite a $646 million writedown of its operations in Venezuela, Goodyear will maintain manufacturing and sales operations there.